THE RUG GROUP LIMITED
- 95240SIC 95240
- 96010Washing and (dry-)cleaning of textile and fur products
Opportunity 68/100 (strong), bankability 55/100. Same-surname younger director in place — likely family handover, not open to sale. 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).
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
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 | 2024-06-30 | 2023-06-30 |
|---|---|---|
| Average employees | 700 | 700 |
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
Corporate timeline (24 events)Click to expand
- 2025-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-06📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-01📄change-person-director-company-with-change-dateofficers · CH01
- 2022-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-06-13➕FLEMING, Paul Gary appointeddirector
- 2022-01-31📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-07-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-07-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-06-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-12-22➖FLEMING, Paul Gary resigneddirector
- 2020-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-29📄change-person-director-company-with-change-dateofficers · CH01
- 2019-08-20📄resolutionresolution · RESOLUTIONS
- 2019-08-20📄capital-allotment-sharescapital · SH01
- 2019-03-28➕FLEMING, Paul Gary appointeddirector
- 2015-05-27🏢Company incorporatedAs THE RUG GROUP LIMITED
- 2015-05-27➕FLEMING, Scott Colquhoun 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 age: Director aged approximately 70 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- primaryFamily succession underway: Not a takeover target — FLEMING, Paul Gary (same surname) appointed 2022-06-13. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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: 2026-03-31
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Paul Gary Fleming Individual · British · DOB 02/1986 · age 40 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 28/06/2021 |
2 historic (ceased) PSCs
- Mrs Lynda Flemingceased 28/06/2021· 25-50% shares · 25-50% voting
- Mr Scott Colquhoun Flemingceased 28/06/2021· 25-50% shares · 25-50% 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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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 (2 active · 1 resigned)
Click a director name to see their full track record across all companies.