ARMTRACK GROUP LIMITED

🏛️Establishedactive
11292095 · ltd · incorporated 2018-04-05
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 5.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 80/100. Strong seller-intent signal (60/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 5.8y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 5.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · UK GAAP
Metric2025-03-312024-03-31

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

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 (25 events)Click to expand
  1. 2025-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-04
    ➖
    PATEL, Arjunkumar resigned
    director
  4. 2024-07-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2023-11-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2023-11-15
    📄
    capital-allotment-shares
    capital · SH01
  7. 2023-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-07-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-07-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2020-07-22
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  12. 2020-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-02-28
    📄
    capital-allotment-shares
    capital · SH01
  14. 2019-12-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2019-12-23
    ➕
    PATEL, Pralhadkumar appointed
    director
  16. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-08-15
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  18. 2019-05-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2019-05-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2019-05-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2019-04-30
    ➕
    PATEL, Arjunkumar appointed
    director
  22. 2019-04-30
    ➖
    PATEL, Pralhadkumar resigned
    director
  23. 2018-04-05
    🏢
    Company incorporated
    As ARMTRACK GROUP LIMITED
  24. 2018-04-05
    ➕
    PATEL, Ishit Ratilal appointed
    director
  25. 2018-04-05
    ➕
    PATEL, Pralhadkumar appointed
    director

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Pralhadkumar Patel
Individual · British · DOB 03/1959 · age 67
25–50%
25–50%board control25-50% shares · 25-50% voting · board control15/11/2023
Mr Ishit Ratilal Patel
Individual · British · DOB 06/1964 · age 62
25–50%
25–50%board control25-50% shares · 25-50% voting · board control05/04/2018
1 historic (ceased) PSC
  • Mr Pralhadkumar Patelceased 30/04/2019· 25-50% shares · 25-50% voting · board control

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

7 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

Statusactive
Typeltd
Incorporated2018-04-05
Jurisdictionengland-wales
Primary SIC45200 — SIC 45200

Registered office

12 Hatherley Road
Sidcup
DA14 4DT
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-19
Last: 2025-11-05

Officers (2 active · 2 resigned)

PATEL, Ishit Ratilal→
director · ~62y · appointed 2018-04-05
View their other companies + combined net worth →
Active
PATEL, Pralhadkumar→
director · ~67y · appointed 2019-12-23
View their other companies + combined net worth →
Active
PATEL, Arjunkumar→
director · ~31y · appointed 2019-04-30 · resigned 2024-07-04
Resigned
PATEL, Pralhadkumar→
director · ~67y · appointed 2018-04-05 · resigned 2019-04-30
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge—22/07/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (27 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-11
termination-director-company-with-name-termination-date
officers · TM01
2024-07-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-11-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-15
capital-allotment-shares
capital · SH01
2023-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-07-22