REARO SUPPLIES LIMITED
Opportunity 73/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 59). 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 (73/100).
Refinance opportunity
8 live charges · 3 lenders · oldest 47.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 47.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
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 | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £1.70M | £1.56M |
| Current assets | £1.73M | £1.78M |
| Cash | £30.7k | £306.7k |
| Debtors | £1.58M | £1.35M |
| Net assets | £1.60M | £1.54M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals 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 accounts
Corporate timeline (31 events)Click to expand
- 2026-02-02📄accounts-with-accounts-type-smallaccounts · AA
- 2025-12-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-11📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-12-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-18➖MERCER, Cissie Anderson resignedsecretary
- 2025-09-18➖MERCER, Cissie Anderson resigneddirector
- 2025-09-18➖MERCER, James resigneddirector
- 2025-03-06📄accounts-with-accounts-type-smallaccounts · AA
- 2024-03-20📄accounts-with-accounts-type-smallaccounts · AA
- 2023-01-25📄accounts-with-accounts-type-smallaccounts · AA
- 2022-10-10📄auditors-resignation-companyauditors · AUD
- 2022-01-28📄accounts-with-accounts-type-smallaccounts · AA
- 2021-03-09📄accounts-with-accounts-type-smallaccounts · AA
- 2019-12-16📄accounts-with-accounts-type-smallaccounts · AA
- 2019-04-02📄accounts-with-accounts-type-smallaccounts · AA
- 2018-04-20📄accounts-with-accounts-type-smallaccounts · AA
- 2017-03-31📄accounts-with-accounts-type-smallaccounts · AA
- 2016-01-28📄accounts-with-accounts-type-fullaccounts · AA
- 2011-08-30🔒Charge registered #9Lender: Clydesdale Bank PLC
- 2006-08-14🔒Charge registered #8Lender: Clydesdale Bank Public Limited Company
- 2005-04-05🔒Charge registered #7Lender: Clydesdale Bank Public Limited Company
- 1994-07-06🔓Charge satisfied #2
- 1994-07-06🔓Charge satisfied #1
- 1994-03-01➕MERCER, Roderick Graham appointeddirector
- 1991-06-18🔒Charge registered #4Lender: Clydesdale Bank Public Limited Company
- 1991-06-17🔒Charge registered #5Lender: Clydesdale Bank Public Limited Company
- 1991-05-07🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1990-05-31➕MERCER, James Cowie appointeddirector
- 1980-09-08🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1979-06-18🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1977-02-02🏢Company incorporatedAs REARO SUPPLIES LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 49 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
2 med · 1 lowMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MERCER, Cissie Anderson resigned 2025-09-18; MERCER, Cissie Anderson resigned 2025-09-18; MERCER, James resigned 2025-09-18
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr James Cowie Mercer Individual · British · DOB 11/1969 · age 57 | — | — | sig. influencesignificant influence | 06/04/2016 |
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.
See pricing →Similar companies
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| SEAFOOD 60 DEGREES NORTH LTD.→ SC256678 · est 2003 | — | — | £564.0k | — | 22y | 82 | 59y |
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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 (2 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 30/08/2011 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 14/08/2006 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 05/04/2005 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 18/06/1991 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 17/06/1991 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 07/05/1991 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 08/09/1980 | 06/07/1994 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 18/06/1979 | 06/07/1994 |