CTL FUNCTIONS LIMITED
Opportunity 69/100 (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 (53/100).
Refinance opportunity
1 live charge · oldest 6.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.5 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.
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 | £2.7k | £2.2k |
| Current assets | £1.5k | £1.2k |
| Net assets | £2.7k | £2.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 gazette
- • 1 gazette
- • 1 gazette
Corporate timeline (26 events)Click to expand
- 2026-04-28📄gazette-notice-compulsorygazette · GAZ1
- 2025-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-10📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-05-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-26📄gazette-notice-compulsorygazette · GAZ1
- 2021-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-07🔒Charge registered #1Lender: Assetz Capital Trust Company Limited
- 2019-11-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-11-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-11-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-10-22➖MCNEIL, William resignedsecretary
- 2019-05-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-04-30📄gazette-notice-compulsorygazette · GAZ1
- 2019-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-27➕ALEXANDER, Irene appointeddirector
- 2018-08-27➖ALEXANDER, Irene resignedsecretary
- 2018-08-27➕MCNEIL, William appointedsecretary
- 2018-08-27➖MCNEIL, Elaine resigneddirector
- 2015-05-20🏢Company incorporatedAs CTL FUNCTIONS LIMITED
- 2015-05-20➕ALEXANDER, Irene appointedsecretary
- 2015-05-20➕MCNEIL, Elaine appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ms Irene Alexander Individual · British · DOB 04/1968 · age 58 | — | — | sig. influencesignificant influence | 06/04/2018 |
1 historic (ceased) PSC
- Mr William Mcneilceased 22/10/2019· 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 | Assetz Capital Trust Company Assetz Capital Trust Company Limited | A registered charge | 1 property | 07/11/2019 | — |