ETEX FINANCE LIMITED
🏛️Establishedactive
11652579 · ltd · incorporated 2018-10-31
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 76/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: high (81/100)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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
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
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-10-31 | 2023-10-31 |
|---|
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 (22 events)Click to expand
- 2025-07-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-11-26➕BROWN, Christopher John appointeddirector
- 2024-11-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-06➕BROWN, Andrew David appointeddirector
- 2024-11-06➖PAYNE, Brian John resigneddirector
- 2024-11-06➖PAYNE, Maureen Anne resigneddirector
- 2024-11-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-11-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-11-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-11-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-11-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-06-09📄change-person-director-company-with-change-dateofficers · CH01
- 2019-03-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-03-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-10-31🏢Company incorporatedAs ETEX FINANCE LIMITED
- 2018-10-31➕PAYNE, Brian John appointeddirector
- 2018-10-31➕PAYNE, Maureen Anne appointeddirector
- 2018-10-31📄incorporation-companyincorporation · NEWINC
Owner dependency
81/100
Critical — business is the founderThe 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 68 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
16/100
No succession signalNo meaningful acquirability indicators from public data.
SIGNALS
- primaryFamily succession underway: Not a takeover target — BROWN, Andrew David (same surname) appointed 2024-11-06. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Ml Uk Holding Limited holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️
Ml Uk Holding Limited
Corporate parent · board control
⬇
ETEX FINANCE LIMITED
This company · 11652579
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ml Uk Holding Limited Corporate entity | — | — | board controlboard control | 15/03/2019 |
1 historic (ceased) PSC
- Mr Brian John Payneceased 15/03/2019· 75-100% shares · 75-100% voting
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 →Similar companies
Active · Other · WR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 13 CHILDEBERT ROAD LIMITED→ 09391623 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| 22 PEAKS LIMITED→ 15830561 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A. PARSONS & SON LIMITED→ 00298452 · est 1935 · no financials extracted | — | — | — | — | 91y | — | — |
| AGRICARNE LIMITED→ 14517251 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALLBRITAIN DEVELOPMENTS LIMITED→ 10202901 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ALPHA DEVELOPMENTS LIMITED→ 07859483 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ALTERNATIVE AESTHETICS WORCESTER LTD→ 16306208 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ALTERNATIVE SERVICES LP→ LP018142 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ANDREW AND SARAH GROUT LLP→ OC319277 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ANDREW DAVIS PARTNERSHIP LLP→ OC301973 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| ANNATHAN COMPANY LIMITED→ 02530462 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| ANTIQUESPAGES LTD→ 04073848 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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
Incorporated2018-10-31
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999
Registered office
Mildenham Mill Egg Lane
Claines
Worcester
WR3 7SA
England
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-13
Last: 2025-10-30
Officers (2 active · 2 resigned)
BROWN, Andrew David→
Activedirector · ~37y · appointed 2024-11-06
View their other companies + combined net worth →
BROWN, Christopher John→
Activedirector · ~68y · appointed 2024-11-26
View their other companies + combined net worth →
PAYNE, Brian John→
Resigneddirector · ~82y · appointed 2018-10-31 · resigned 2024-11-06
PAYNE, Maureen Anne→
Resigneddirector · ~90y · appointed 2018-10-31 · resigned 2024-11-06
Click a director name to see their full track record across all companies.
Recent filings (22 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-03
accounts-with-accounts-type-dormant
accounts · AA
2025-07-29
appoint-person-director-company-with-name-date
officers · AP01
2024-11-26
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-06
termination-director-company-with-name-termination-date
officers · TM01
2024-11-06
termination-director-company-with-name-termination-date
officers · TM01
2024-11-06
appoint-person-director-company-with-name-date
officers · AP01
2024-11-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-06
accounts-with-accounts-type-dormant
accounts · AA
2023-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
accounts-with-accounts-type-dormant
accounts · AA
2022-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-30
accounts-with-accounts-type-dormant
accounts · AA
2021-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-30
accounts-with-accounts-type-dormant
accounts · AA
2020-11-01