LETHERINGSETT MILL LTD
Opportunity 66/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £19.4k | £12.7k |
| Current assets | £12.3k | £16.7k |
| Net assets | £2.4k | £12.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 accounts
Corporate timeline (14 events)Click to expand
- 2026-04-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-02-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-02-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-02➕BARTRUM, Paul appointeddirector
- 2025-01-02➖GAY, David Frederick resigneddirector
- 2024-10-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-03-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-04📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-07-04🏢Company incorporatedAs LETHERINGSETT MILL LTD
- 2022-07-04➕GAY, David Frederick appointeddirector
- 2022-07-04📄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.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 65. 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 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-17
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Paul Bartrum Individual · British · DOB 09/1961 · age 65 | 75–100% | — | 75-100% shares | 02/01/2025 |
1 historic (ceased) PSC
- Mr David Frederick Gayceased 02/01/2025· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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.
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Registered office
Filing status
Officers (1 active · 1 resigned)
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