POLYFRAME ALUMINIUM LTD
Opportunity 55/100 (worth a look), bankability 52/100. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
9 live charges · 8 lenders · oldest 11.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 11.2 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (59 events)Click to expand
- 2019-12-31📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2019-12-31🏁Company dissolved
- 2019-10-15📄gazette-notice-voluntarygazette · GAZ1(A)
- 2019-10-02📄dissolution-application-strike-off-companydissolution · DS01
- 2019-09-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-09-26🔓Charge satisfied #4
- 2018-12-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-12-24🔒Charge registered #9Lender: Cairngorm Capital Partners I, L.P.
- 2018-11-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2018-09-17📄accounts-with-accounts-type-fullaccounts · AA
- 2018-06-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-05-03➖LIGHTOWLERS, John Michael resigneddirector
- 2018-04-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-04-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-04-13➕MCGILL, Neil Andrew appointeddirector
- 2018-04-13➕NAYLOR-LEYLAND, John Michael appointeddirector
- 2018-04-10📄change-person-director-company-with-change-dateofficers · CH01
- 2018-03-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-03-12➕LENG, David Brian appointeddirector
- 2017-10-11➕GILLETT, Lance Dominic appointeddirector
- 2017-10-11➕LIGHTOWLERS, John Michael appointeddirector
- 2017-10-11➖MOORE, David Alan resigneddirector
- 2017-10-11➖NAYLOR-LEYLAND, John Michael resigneddirector
- 2017-10-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-10-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-10-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-10-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-09-22📄accounts-with-accounts-type-fullaccounts · AA
- 2017-07-14📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2017-05-08📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2017-04-27➕ROGERS, Dawn appointedsecretary
- 2017-04-27📄change-person-director-company-with-change-dateofficers · CH01
- 2017-04-18📄change-person-director-company-with-change-dateofficers · CH01
- 2017-03-15➖BAYLISS, Alexander Francis Temple resigneddirector
- 2017-03-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-03-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-02-15🔒Charge registered #8Lender: Midcap Financial (Ireland) Limited as Security Agent.
- 2017-02-15🔒Charge registered #7Lender: John Lightowlers
- 2017-02-08➕BAYLISS, Alexander Francis Temple appointeddirector
- 2016-11-01➖MACDOUGAL, Robert Ian resigneddirector
- 2016-11-01➕MOORE, David Alan appointeddirector
- 2016-10-11➕NAYLOR-LEYLAND, John Michael appointeddirector
- 2016-10-11➖STOTT, Jeremy resigneddirector
- 2016-07-11🔓Charge satisfied #3
- 2016-07-11🔓Charge satisfied #2
- 2016-07-11🔓Charge satisfied #1
- 2016-07-07➖BUCKLEY, Martyn Brian resigneddirector
- 2016-07-07➖EARLEY, Patricia Pina resigneddirector
- 2016-07-07➕MACDOUGAL, Robert Ian appointeddirector
- 2016-07-07➕STOTT, Jeremy appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 high · 1 med · 1 lowCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2019-12-31
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Customade Group Trading Limited 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 |
|---|---|---|---|---|
Customade Group Trading Limited Corporate entity | 75–100% | — | 75-100% shares | 07/07/2016 |
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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8 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 (0 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Cairngorm Capital Partners I, L.P. | A registered charge | — | 24/12/2018 | — | |
| outstanding | Midcap Financial (Ireland) as Security Agent. Midcap Financial (Ireland) Limited as Security Agent. | A registered charge | — | 15/02/2017 | — | |
| outstanding | John Lightowlers | A registered charge | — | 15/02/2017 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 07/07/2016 | — | |
| outstanding | Polyframe Holdings Polyframe Holdings Limited | A registered charge | — | 07/07/2016 | — | |
| satisfied | Cairngorm Capital Partners Cairngorm Capital Partners LLP | A registered charge | — | 07/07/2016 | 26/09/2019 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 25/08/2015 | 11/07/2016 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 09/06/2015 | 11/07/2016 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 15/04/2015 | 11/07/2016 |