IRIDIUM SUPPLIES LIMITED
- · Oldest live charge 5.2y old — refinance window within 12 months
- 47250SIC 47250
Opportunity 45/100 (watch), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on monthly review.
Refinance opportunity
1 live charge · oldest 5.2y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 5.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total assets | £-390.1k | £-273.7k |
| Current assets | £300.1k | £826.2k |
| Net assets | £-483.0k | £-357.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 2 insolvency
- • 1 address
- • 1 resolution
- • 2 insolvency
- • 1 address
- • 1 resolution
- • 2 insolvency
- • 1 address
- • 1 resolution
Corporate timeline (23 events)Click to expand
- 2026-07-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-07-02⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2026-07-02⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2026-07-02📄resolutionresolution · RESOLUTIONS
- 2026-03-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-09➖TURNBULL, Lois resignedsecretary
- 2023-04-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-06📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-05-14🔒Charge registered #1Lender: Santander UK PLC as Security Trustee
- 2021-04-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-26📄capital-allotment-sharescapital · SH01
- 2019-04-24📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-01-01➕TURNBULL, Lois appointedsecretary
- 2018-08-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-07-10🏢Company incorporatedAs IRIDIUM SUPPLIES LIMITED
- 2018-07-10➕TURNBULL, Benjamin Howard appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 high ·Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-07-02: liquidation-voluntary-statement-of-affairs; 2026-07-02: liquidation-voluntary-appointment-of-liquidator
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Benjamin Howard Turnbull Individual · British · DOB 05/1984 · age 42 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest | 10/07/2018 |
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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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 →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 (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Santander Santander UK PLC as Security Trustee | A registered charge | 1 property | 14/05/2021 | — |