ARMOUR COATINGS LIMITED
💤Zombieactive
12269712 · ltd · incorporated 2019-10-18
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2026
Net worth
£122.3k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 20301
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 1.3y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 1.3 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (73/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £122,271
Key financials
1 year extracted from filed iXBRL accountsCash
£5k
Net Worth
£122k
Current Assets
£236k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2026-02-28 |
|---|---|
| Total assets | £122.3k |
| Current assets | £235.6k |
| Cash | £4.6k |
| Debtors | £102.2k |
| Net assets | £122.3k |
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
0
filings
Last 180 days
3
filings
- • 2 accounts
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2026-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-30📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2026-01-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-12🔒Charge registered #2Lender: Mep Finance LTD
- 2025-11-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-19🔒Charge registered #1Lender: Sonic Funding Capital 2 Limited
- 2025-02-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-01-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-12-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-12-09➖METCALFE, John Thomas resigneddirector
- 2024-07-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-07-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-06-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-07-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-10-18🏢Company incorporatedAs ARMOUR COATINGS LIMITED
- 2019-10-18➕METCALFE, Robbie Graham appointeddirector
- 2019-10-18➕METCALFE, John Thomas appointeddirector
- 2019-10-18📄incorporation-companyincorporation · NEWINC
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robbie Graham Metcalfe Individual · British · DOB 10/1980 · age 46 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 18/10/2019 |
2 historic (ceased) PSCs
- Mrs Denise Metcalfeceased 10/11/2025· 25-50% shares · 25-50% voting
- Mr John Thomas Metcalfeceased 09/12/2024· 25-50% shares · 25-50% 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 · Manufacturing · TS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A T RIGGING LIMITED→ 09907511 · est 2015 | — | — | — | 100 | 10y | — | — |
| ALWAYS ADVANCING FENCING SPECIALISTS LTD→ 15484916 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| APPLIED SCIENTIFIC TECHNOLOGIES UK LTD→ 10780858 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| APR BESPOKE JOINERY LTD→ 12833788 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ARCANE SYNDICATE LTD→ 16677815 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ATL RENEWABLES LTD→ 14481293 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ATMIT LTD→ 14786499 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AVENIUM ENGINEERING LTD→ 09931295 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AWB PERFORMANCE LTD→ 13219401 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AXENIC LIMITED→ 06905793 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| AYRESOME MAINTENANCE LTD→ 12349829 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AZATOM GROUP LIMITED→ 05064981 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
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
Statusactive
Typeltd
Incorporated2019-10-18
Jurisdictionengland-wales
Primary SIC20301 — SIC 20301
Registered office
25-27 Glasgow Street
Bon Lea Trading Estate
Thornaby
Stockton-On-Tees
TS17 7AH
United Kingdom
Filing status
Accounts
Next due: 2027-11-30
Last made up to: 2026-02-28
Confirmation statement
Next due: 2026-11-25
Last: 2025-11-11
Officers (1 active · 1 resigned)
METCALFE, Robbie Graham→
Activedirector · ~46y · appointed 2019-10-18
View their other companies + combined net worth →
METCALFE, John Thomas→
Resigneddirector · ~76y · appointed 2019-10-18 · resigned 2024-12-09
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Mep Finance Mep Finance LTD | A registered charge | — | 12/01/2026 | — | |
| outstanding | Sonic Funding Capital 2 Sonic Funding Capital 2 Limited | A registered charge | 1 property | 19/03/2025 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (25 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-30
change-account-reference-date-company-previous-extended
accounts · AA01
2026-03-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-31
change-person-director-company-with-change-date
officers · CH01
2025-02-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-14
termination-director-company-with-name-termination-date
officers · TM01
2025-01-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-18