GROCO 903 LIMITED
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 (73/100).
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £1.0k | £1.0k |
| Debtors | £1.0k | £1.0k |
| Net assets | £1.0k | £1.0k |
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
- • 1 address
- • 1 change-of-name
- • 1 address
- • 1 change-of-name
- • 1 officers
Corporate timeline (25 events)Click to expand
- 2026-05-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-05-14✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2026-03-17📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-11-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-11-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-29➖FARRELL, Peter Graham resigneddirector
- 2024-10-29➖PARRY, Paul resigneddirector
- 2024-10-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-07-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-01-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-12-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-11-15📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-08-03➖BARNETT, Craig resigneddirector
- 2021-08-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-08-04🏢Company incorporatedAs GROCO 903 LIMITED
- 2020-08-04➕KITCHIN, Peter Nigel appointeddirector
- 2020-08-04➕BARNETT, Craig appointeddirector
- 2020-08-04➕FARRELL, Peter Graham appointeddirector
- 2020-08-04➕PARRY, Paul appointeddirector
- 2020-08-04📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-05-14: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Peter Nigel Kitchin Individual · British · DOB 10/1962 · age 64 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 29/10/2024 |
1 historic (ceased) PSC
- C & C Catering Engineers Limitedceased 29/10/2024· 75-100% shares · 75-100% voting · board control
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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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 →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 · 3 resigned)
Click a director name to see their full track record across all companies.