GLENREA LIMITED
Opportunity 75/100 (strong), bankability 85/100. 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 (58/100).
Refinance opportunity
1 live charge · oldest 42.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 42.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | — | £358.8k |
| Current assets | — | £391.5k |
| Net assets | — | £358.8k |
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 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (26 events)Click to expand
- 2026-02-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-07-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-02🔓Charge satisfied #1
- 2023-03-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-03-28📄gazette-filings-brought-up-to-dategazette · DISS40
- 2020-03-17📄gazette-notice-compulsorygazette · GAZ1
- 2019-08-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-10-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-10-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-10-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC06
- 2016-07-13➕POLCINO, Cosimo appointeddirector
- 2016-07-13➖WALLER, Jacqueline resigneddirector
- 2010-03-03➖M & M COMPANY SECRETARIES LIMITED resignedcorporate-secretary
- 2003-03-04➕M & M COMPANY SECRETARIES LIMITED appointedcorporate-secretary
- 2002-12-01➕WALLER, Jacqueline appointeddirector
- 2002-12-01➖WALLER, Jacqueline resigneddirector
- 2002-04-03➖POLCINO, Nicola resignedsecretary
- 2002-04-03➖POLCINO, Nicola resigneddirector
- 1983-11-18🔒Charge registered #1Lender: National Westminster Bank PLC
- 1983-10-05🏢Company incorporatedAs GLENREA 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 43 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Cosimo Polcino Individual · British · DOB 02/1971 · age 55 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 24/06/2024 |
1 historic (ceased) PSC
- Judicial Factorceased 24/06/2024· 75-100% shares
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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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 · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Standard security | 1 property | 18/11/1983 | 02/06/2023 |