CROGLIN LTD

⚰️Wound downliquidation
10627257 · ltd · incorporated 2017-02-20
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
year to Sept 2024
Net worth
£-68.9k
book net assets
Opportunity
39/100
Watch
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What this business does
Primary activity: SIC 16240
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 39/100 (watch), bankability 40/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
39/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
28
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £68,885

Key financials

1 year extracted from filed iXBRL accounts
Cash
£170k
Net Worth
-£69k
Current Assets
£647k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-30
Total assets£432.7k
Current assets£646.9k
Cash£170.4k
Debtors£205.1k
Net assets£-68.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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

Last 30 days
0
filings
Last 90 days
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Last 180 days
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-04-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-04-29
    ⚠️
    liquidation-voluntary-statement-of-affairs
    insolvency · LIQ02
  3. 2026-04-29
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  4. 2026-04-29
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2025-06-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2025-03-07
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  7. 2024-11-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-04-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2023-04-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-03-26
    📄
    memorandum-articles
    incorporation · MA
  12. 2022-03-26
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2022-03-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2022-03-22
    📄
    capital-allotment-shares
    capital · SH01
  15. 2021-10-15
    TOAIG, Peter appointed
    director
  16. 2021-10-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2021-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-03-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2018-11-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2017-02-20
    🏢
    Company incorporated
    As CROGLIN LTD
  21. 2017-02-20
    BUTLER, Joseph appointed
    director
  22. 2017-02-20
    COTTAM, Benjamin Jeffrey appointed
    director
  23. 2017-02-20
    CROOK, Alan appointed
    director

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

3 high · 1 low
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-03-05

Company in liquidation
high

Company is actively being wound up. Not a going concern.

2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-04-29: liquidation-voluntary-statement-of-affairs; 2026-04-29: liquidation-voluntary-appointment-of-liquidator

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Cottam Investment Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Cottam Investment Limited
Corporate parent · holds 25-50% shares
significant stake
CROGLIN LTD
This company · 10627257

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Peter Toaig
Individual · British · DOB 11/1968 · age 58
2550%
25–50%25-50% shares · 25-50% voting17/03/2022
Mr Joseph Butler
Individual · British · DOB 07/1978 · age 48
2550%
25–50%25-50% shares · 25-50% voting20/02/2017
Cottam Investment Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting20/02/2017

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

10 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

Statusliquidation
Typeltd
Incorporated2017-02-20
Jurisdictionengland-wales
Primary SIC16240 — SIC 16240

Registered office

Suite 5, 2nd Floor, Bulman House Regent Centre
Gosforth
Newcastle Upon Tyne
NE3 3LS

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-03-05OVERDUE
Last: 2025-02-19

Officers (4 active · 0 resigned)

BUTLER, Joseph
director · ~48y · appointed 2017-02-20
View their other companies + combined net worth →
Active
COTTAM, Benjamin Jeffrey
director · ~49y · appointed 2017-02-20
View their other companies + combined net worth →
Active
CROOK, Alan
director · ~64y · appointed 2017-02-20
View their other companies + combined net worth →
Active
TOAIG, Peter
director · ~58y · appointed 2021-10-15
View their other companies + combined net worth →
Active

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

Recent filings (28 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-29
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2026-04-29
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2026-04-29
resolution
resolution · RESOLUTIONS
2026-04-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
change-account-reference-date-company-previous-extended
accounts · AA01
2025-03-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-29
memorandum-articles
incorporation · MA
2022-03-26
resolution
resolution · RESOLUTIONS
2022-03-26