HARRINGTON CONSTRUCTION LIMITED
Opportunity 73/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
6 live charges · oldest 43.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 43.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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 | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £38.9k | £38.9k |
| Current assets | £38.9k | £46.8k |
| Net assets | £38.9k | £34.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (37 events)Click to expand
- 2026-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-25🔓Charge satisfied #6
- 2023-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-11-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-11-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-05📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-03-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-03-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-03-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-03-01➕GLEDHILL, Allan James appointedsecretary
- 2020-03-01➕GLEDHILL, Allan James appointeddirector
- 2020-03-01➖WHITE, James Grant Forbes resignedsecretary
- 2020-03-01➖WHITE, James Grant Forbes resigneddirector
- 2020-01-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-01-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2003-05-22➖GLEDHILL, Betty Eleanor Edwards resignedsecretary
- 2003-05-22➕WHITE, James Grant Forbes appointedsecretary
- 2003-05-22➖GLEDHILL, Betty Eleanor Edwards resigneddirector
- 1998-01-26➖GLEDHILL, Martin George resigneddirector
- 1998-01-26➕WHITE, James Grant Forbes appointeddirector
- 1993-09-08🔒Charge registered #7Lender: The Governor and Company of the Bank of Scotland
- 1993-08-13🔒Charge registered #6Lender: The Governor and Company of the Bank of Scotland
- 1991-04-08🔓Charge satisfied #4
- 1990-12-12🔓Charge satisfied #1
- 1986-11-03🔒Charge registered #5Lender: The Governor and Company of the Bank of Scotland
- 1986-11-03🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 1986-01-03🔓Charge satisfied #2
- 1983-10-10🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1982-06-28🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1982-03-16🏢Company incorporatedAs HARRINGTON CONSTRUCTION LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 44 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Martin George Gledhill Individual · British · DOB 01/1947 · age 79 | 25–50% | — | 25-50% shares | 01/05/2016 |
Mrs Betty Eleanor Edwards Gledhill Individual · British · DOB 01/1950 · age 76 | 25–50% | — | 25-50% shares | 01/05/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 08/09/1993 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 13/08/1993 | 25/09/2023 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 03/11/1986 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 03/11/1986 | 08/04/1991 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 10/10/1983 | 03/01/1986 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 28/06/1982 | 12/12/1990 |