POLYMER EXTRUSION TECHNOLOGIES (UK) LIMITED
- · Oldest live charge 8.3y old — refinance window within 12 months
Opportunity 80/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 8.3y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 8.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 2200 | 2200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
Corporate timeline (35 events)Click to expand
- 2025-09-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-23🔒Charge registered #3Lender: Bank of Scotland PLC
- 2024-07-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-16➖CURRIE, Kenneth Norman resigneddirector
- 2023-09-13📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-09-13📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-07-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-08📄capital-name-of-class-of-sharescapital · SH08
- 2021-02-05📄memorandum-articlesincorporation · MA
- 2021-02-05📄resolutionresolution · RESOLUTIONS
- 2020-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-04-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-04-16🔒Charge registered #2Lender: Bank of Scotland PLC
- 2019-10-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-10-04🔓Charge satisfied #1
- 2019-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-16➕STEEL, Iain Thomas appointeddirector
- 2018-01-31➖KING, John James resigneddirector
- 2018-01-28➖O'NEILL, Michael Alan resigneddirector
- 2017-12-29🔒Charge registered #1Lender: Arkle Finance LTD
- 2016-01-21➕KING, John James appointeddirector
- 2015-08-05➕O'NEILL, Michael Alan appointeddirector
- 2015-08-03➕MCARTHUR, Carole Elizabeth appointedsecretary
- 2015-07-24➖POTTS, Steven resignedsecretary
- 2015-07-24➖MILLS, John Christopher resigneddirector
- 2014-12-05➕POTTS, Steven appointedsecretary
- 2014-09-17🏢Company incorporatedAs POLYMER EXTRUSION TECHNOLOGIES (UK) LIMITED
- 2014-09-17➕CURRIE, John Joseph appointeddirector
- 2014-09-17➕CURRIE, Kenneth Norman appointeddirector
- 2014-09-17➕MILLS, John Christopher appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Joseph Currie Individual · British · DOB 06/1969 · age 57 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 15/03/2017 |
1 historic (ceased) PSC
- Mr Kenneth Norman Currieceased 15/03/2017· 75-100% shares · 75-100% voting
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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6 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 (3 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 23/07/2025 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 16/04/2020 | — | |
| satisfied | Arkle Finance Arkle Finance LTD | A registered charge | — | 29/12/2017 | 04/10/2019 |