POLYFRAME ALUMINIUM LTD

⚰️Wound downdissolved
09319659 · ltd · incorporated 2014-11-20
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
55/100
Worth a look
🔔
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What this business does
Primary activity: SIC 25120
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

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

35/100
too messy

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.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
13 officers (5 active, 13 linked, 12 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
31 connected companies via shared directors
90
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
20
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (59 events)Click to expand
  1. 2019-12-31
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2019-12-31
    🏁
    Company dissolved
  3. 2019-10-15
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2019-10-02
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2019-09-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2019-09-26
    🔓
    Charge satisfied #4
  7. 2018-12-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2018-12-24
    🔒
    Charge registered #9
    Lender: Cairngorm Capital Partners I, L.P.
  9. 2018-11-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2018-09-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2018-06-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2018-05-03
    LIGHTOWLERS, John Michael resigned
    director
  13. 2018-04-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2018-04-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2018-04-13
    MCGILL, Neil Andrew appointed
    director
  16. 2018-04-13
    NAYLOR-LEYLAND, John Michael appointed
    director
  17. 2018-04-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2018-03-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2018-03-12
    LENG, David Brian appointed
    director
  20. 2017-10-11
    GILLETT, Lance Dominic appointed
    director
  21. 2017-10-11
    LIGHTOWLERS, John Michael appointed
    director
  22. 2017-10-11
    MOORE, David Alan resigned
    director
  23. 2017-10-11
    NAYLOR-LEYLAND, John Michael resigned
    director
  24. 2017-10-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2017-10-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2017-10-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2017-10-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2017-09-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  29. 2017-07-14
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  30. 2017-05-08
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  31. 2017-04-27
    ROGERS, Dawn appointed
    secretary
  32. 2017-04-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  33. 2017-04-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  34. 2017-03-15
    BAYLISS, Alexander Francis Temple resigned
    director
  35. 2017-03-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  36. 2017-03-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  37. 2017-02-15
    🔒
    Charge registered #8
    Lender: Midcap Financial (Ireland) Limited as Security Agent.
  38. 2017-02-15
    🔒
    Charge registered #7
    Lender: John Lightowlers
  39. 2017-02-08
    BAYLISS, Alexander Francis Temple appointed
    director
  40. 2016-11-01
    MACDOUGAL, Robert Ian resigned
    director
  41. 2016-11-01
    MOORE, David Alan appointed
    director
  42. 2016-10-11
    NAYLOR-LEYLAND, John Michael appointed
    director
  43. 2016-10-11
    STOTT, Jeremy resigned
    director
  44. 2016-07-11
    🔓
    Charge satisfied #3
  45. 2016-07-11
    🔓
    Charge satisfied #2
  46. 2016-07-11
    🔓
    Charge satisfied #1
  47. 2016-07-07
    BUCKLEY, Martyn Brian resigned
    director
  48. 2016-07-07
    EARLEY, Patricia Pina resigned
    director
  49. 2016-07-07
    MACDOUGAL, Robert Ian appointed
    director
  50. 2016-07-07
    STOTT, Jeremy appointed
    director
Showing most recent 50 of 59 events

Owner dependency

48/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -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

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 high · 1 med · 1 low
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2019-12-31

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges
low

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.

🏛️
Customade Group Trading Limited
Corporate parent · holds 75-100% shares
ultimate parent
POLYFRAME ALUMINIUM LTD
This company · 09319659

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%
NameSharesVoting rightsNature of controlNotified
Customade Group Trading Limited
Corporate entity
75100%
75-100% shares07/07/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒Advanced scoring suite

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

Statusdissolved
Typeltd
Incorporated2014-11-20
Jurisdictionengland-wales
Primary SIC25120 — SIC 25120

Registered office

Mile Thorn Works
Gibbet Street
Halifax
West Yorkshire
HX1 4JR

Filing status

Accounts
Next due:
Last made up to: 2017-12-31
Confirmation statement
Next due:
Last:

Officers (0 active · 8 resigned)

ROGERS, Dawn
secretary · appointed 2017-04-27
View their other companies + combined net worth →
Active
GILLETT, Lance Dominic
director · ~60y · appointed 2017-10-11
View their other companies + combined net worth →
Active
LENG, David Brian
director · ~64y · appointed 2018-03-12
View their other companies + combined net worth →
Active
MCGILL, Neil Andrew
director · ~49y · appointed 2018-04-13
View their other companies + combined net worth →
Active
NAYLOR-LEYLAND, John Michael
director · ~42y · appointed 2018-04-13
View their other companies + combined net worth →
Active
BAYLISS, Alexander Francis Temple
director · ~45y · appointed 2017-02-08 · resigned 2017-03-15
Resigned
BUCKLEY, Martyn Brian
director · ~55y · appointed 2014-11-20 · resigned 2016-07-07
Resigned
EARLEY, Patricia Pina
director · ~56y · appointed 2014-11-20 · resigned 2016-07-07
Resigned
LIGHTOWLERS, John Michael
director · ~58y · appointed 2017-10-11 · resigned 2018-05-03
Resigned
MACDOUGAL, Robert Ian
director · ~66y · appointed 2016-07-07 · resigned 2016-11-01
Resigned
MOORE, David Alan
director · ~63y · appointed 2016-11-01 · resigned 2017-10-11
Resigned
NAYLOR-LEYLAND, John Michael
director · ~42y · appointed 2016-10-11 · resigned 2017-10-11
Resigned
STOTT, Jeremy
director · ~53y · appointed 2016-07-07 · resigned 2016-10-11
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

9
Total charges
5
Outstanding
5
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
Cairngorm Capital Partners I, L.P.
A registered charge24/12/2018
outstanding
Midcap Financial (Ireland) as Security Agent.
Midcap Financial (Ireland) Limited as Security Agent.
A registered charge15/02/2017
outstanding
John Lightowlers
A registered charge15/02/2017
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge07/07/2016
outstanding
Polyframe Holdings
Polyframe Holdings Limited
A registered charge07/07/2016
satisfied
Cairngorm Capital Partners
Cairngorm Capital Partners LLP
A registered charge07/07/201626/09/2019
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property25/08/201511/07/2016
satisfied
HSBC
Hsbc Invoice Finance (UK) LTD
A registered charge09/06/201511/07/2016
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property15/04/201511/07/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (52 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2019-12-31
gazette-notice-voluntary
gazette · GAZ1(A)
2019-10-15
dissolution-application-strike-off-company
dissolution · DS01
2019-10-02
mortgage-satisfy-charge-full
mortgage · MR04
2019-09-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-12-27
confirmation-statement-with-updates
confirmation-statement · CS01
2018-11-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2018-11-28
accounts-with-accounts-type-full
accounts · AA
2018-09-17
termination-director-company-with-name-termination-date
officers · TM01
2018-06-05
appoint-person-director-company-with-name-date
officers · AP01
2018-04-16
appoint-person-director-company-with-name-date
officers · AP01
2018-04-16
change-person-director-company-with-change-date
officers · CH01
2018-04-10
appoint-person-director-company-with-name-date
officers · AP01
2018-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-11-21
termination-director-company-with-name-termination-date
officers · TM01
2017-10-11