WHITTONS (FLOORING) LIMITED
- · Oldest live charge 18.0y old — refinance window within 12 months
Opportunity 77/100 (strong), bankability 65/100. 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
4 live charges · 2 lenders · oldest 18.0y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 18.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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.
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 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 32 | 4000 |
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 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (31 events)Click to expand
- 2026-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-13📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-13📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-12-06➖WHITTON, William James Michie resigneddirector
- 2022-12-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-02-10🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2020-10-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-09-18🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2020-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2018-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-03-26➖WHITTON, Elizabeth Jane resignedsecretary
- 2015-03-26➖WHITTON, Elizabeth Jane resigneddirector
- 2008-06-04🔒Charge registered #2Lender: Royal Bank of Scotland PLC
- 2008-05-29🔒Charge registered #1Lender: Royal Bank of Scotland PLC
- 2006-05-17🏢Company incorporatedAs WHITTONS (FLOORING) LIMITED
- 2006-05-17➕WHITTON, Neil Mcintosh appointeddirector
- 2006-05-17➕WHITTON, William James Jnr appointeddirector
- 2006-05-17➕WHITTON, Elizabeth Jane appointedsecretary
- 2006-05-17➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2006-05-17➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2006-05-17➕WHITTON, Elizabeth Jane appointeddirector
- 2006-05-17➕WHITTON, William James Michie appointeddirector
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.
- +Founder name in company name: Company name contains director surname "WHITTON" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 20 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr William James Jnr Whitton Individual · British · DOB 05/1974 · age 52 | 25–50% | — | 25-50% shares | 01/07/2016 |
Mr Neil Mcintosh Whitton Individual · British · DOB 04/1978 · age 48 | 25–50% | — | 25-50% shares | 01/07/2016 |
1 historic (ceased) PSC
- Mr William James Michie Whittonceased 06/12/2022· 25-50% shares
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 · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 10/02/2021 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 18/09/2020 | — | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 04/06/2008 | — | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 29/05/2008 | — |