GML CLOTHING LTD
Opportunity 65/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).
Refinance opportunity
1 live charge · oldest 14.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (82/100)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 | 2024-05-31 | 2023-05-31 |
|---|---|---|
| Total assets | £761.3k | — |
| Current assets | £763.7k | — |
| Cash | £2 | — |
| Debtors | £763.7k | — |
| Net assets | £4.0k | — |
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 gazette
- • 1 gazette
- • 1 gazette
- • 1 address
Corporate timeline (26 events)Click to expand
- 2026-04-28📄gazette-notice-compulsorygazette · GAZ1
- 2026-01-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-08-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-08-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-08-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-08-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-08-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-03➕RAKHRA, Balraj Singh appointeddirector
- 2022-08-03➖KAINTH, Tarsem Singh resigneddirector
- 2022-08-03➖RAKHRA, Nahar Singh resigneddirector
- 2022-08-03➖RAKHRA, Rakesh Singh resigneddirector
- 2022-02-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2012-05-31🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2012-05-10➕KAINTH, Tarsem Singh appointeddirector
- 2012-05-10➕RAKHRA, Nahar Singh appointeddirector
- 2012-05-03🏢Company incorporatedAs GML CLOTHING LTD
- 2012-05-03➕RAKHRA, Rakesh Singh appointeddirector
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
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-02-28
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Balraj Singh Rakhra Individual · British · DOB 04/1974 · age 52 | 75–100% | — | 75-100% shares | 03/08/2022 |
2 historic (ceased) PSCs
- Mr Tarsem Singh Kainthceased 03/08/2022· 25-50% shares
- Mr Nahar Singh Rakhraceased 03/08/2022· 25-50% 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.
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9 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 · 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 | 31/05/2012 | — |