MATS AND FRAMES LIMITED

🌳Matureactive
NI033770 · ltd · incorporated 1998-03-04
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 24.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£2
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 46760
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 24.1y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 24.1 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.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
76 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £2

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£2
~ YoY
Current Assets
£2
~ YoY
Current Liabilities
—
£0£0£1£1£2£2Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£2£2
Current assets£2£2
Net assets£2£2

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
6
filings
  • • 3 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Last 180 days
6
filings
  • • 3 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-04-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2026-03-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-03-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2026-03-05
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  6. 2025-09-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-09-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2023-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-09-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2020-12-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2018-06-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2017-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2016-10-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2002-04-25
    🔒
    Charge registered #1
    Lender: The Governor And
  17. 1998-03-04
    🏢
    Company incorporated
    As MATS AND FRAMES LIMITED
  18. 1998-03-04
    ➕
    CUMMINS, Catherine Anne appointed
    secretary
  19. 1998-03-04
    ➕
    CUMMINS, Catherine Anne appointed
    director
  20. 1998-03-04
    ➕
    SNAPE, Railton Harry appointed
    director

Owner dependency

83/100
Critical — business is the founder

The 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.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Railton Harry Snape
Individual · British · DOB 02/1951 · age 75
——sig. influencesignificant influence05/03/2017
Mrs Catherine Anne Cummins
Individual · British · DOB 05/1961 · age 65
——sig. influencesignificant influence05/03/2017
1 historic (ceased) PSC
  • Mrs Catherine Anne Cumminsceased 05/03/2017· significant influence

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 →

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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
Incorporated1998-03-04
Jurisdictionnorthern-ireland
Primary SIC46760 — SIC 46760

Registered office

Unit 7
14b Falcon Road
Belfast
BT12 6RB

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-19
Last: 2026-03-05

Officers (3 active · 0 resigned)

CUMMINS, Catherine Anne→
secretary · appointed 1998-03-04
View their other companies + combined net worth →
Active
CUMMINS, Catherine Anne→
director · ~65y · appointed 1998-03-04
View their other companies + combined net worth →
Active
SNAPE, Railton Harry→
director · ~75y · appointed 1998-03-04
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
The Governor And / Dublin 2 / Of Ireland
Mortgage or charge1 property25/04/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-05
change-person-director-company-with-change-date
officers · CH01
2026-03-05
change-person-secretary-company-with-change-date
officers · CH03
2026-03-05
accounts-with-accounts-type-dormant
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-05
accounts-with-accounts-type-dormant
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-dormant
accounts · AA
2023-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-dormant
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-07
accounts-with-accounts-type-dormant
accounts · AA
2021-09-30