888 VAPOUR LTD
- · Thesis: well-run, low negotiation leverage
- 47910Retail sale via mail order houses or via Internet
Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 9.1y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 9.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £668.1k | £433.7k |
| Current assets | £809.0k | £506.9k |
| Cash | £209.1k | £106.1k |
| Debtors | £146.2k | £80.7k |
| Net assets | £517.3k | £326.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (27 events)Click to expand
- 2025-04-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-08-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-11🔓Charge satisfied #2
- 2023-08-11🔓Charge satisfied #1
- 2023-05-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-19🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2023-03-27📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-27📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-05-17🔒Charge registered #2Lender: Barclays Security Trustee Limited
- 2020-11-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-11-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-11-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-08-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-04-01➕CHAPMAN, Liam appointeddirector
- 2017-03-27🔒Charge registered #1Lender: Hsbc Bank PLC
- 2014-09-12➕CHAPMAN, Julie appointeddirector
- 2014-09-12➖CHAPMAN, Lewis resigneddirector
- 2014-08-21🏢Company incorporatedAs 888 VAPOUR LTD
- 2014-08-21➕CHAPMAN, Lewis appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Tcf Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Tcf Group Ltd Corporate entity | 75–100% | — | 75-100% shares | 08/10/2020 |
3 historic (ceased) PSCs
- Mr Liam Chapmanceased 08/10/2020· 25-50% shares · 25-50% voting · board control · significant influence · firm interest
- Mrs Julie Chapmanceased 08/10/2020· 50-75% shares · 50-75% voting · board control · significant influence · firm interest
- Mr Lewis Chapmanceased 12/09/2016· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 19/04/2023 | — | |
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | — | 17/05/2021 | 11/08/2023 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 27/03/2017 | 11/08/2023 |