M WEST FLOORING LTD
- · Oldest live charge 8.9y old — refinance window within 12 months
Opportunity 74/100 (strong), bankability 80/100. 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 (58/100).
Refinance opportunity
2 live charges · oldest 8.9y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 8.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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.
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 | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £61.8k | £84.1k |
| Current assets | £87.7k | £105.3k |
| Cash | £44.5k | £48.5k |
| Debtors | £25.7k | £37.3k |
| Net assets | £41.9k | £56.3k |
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 (28 events)Click to expand
- 2025-06-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-01📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-01📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-04-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-04-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-11-08📄change-person-director-company-with-change-dateofficers · CH01
- 2018-11-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-11-08📄change-person-director-company-with-change-dateofficers · CH01
- 2018-07-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-12🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2017-06-22🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2015-10-22🏢Company incorporatedAs M WEST FLOORING LTD
- 2015-10-22➕WEST, Kirsty Jane appointeddirector
- 2015-10-22➕WEST, Mark Alan appointeddirector
- 2015-10-22➕COSEC LIMITED appointedcorporate-secretary
- 2015-10-22➖COSEC LIMITED resignedcorporate-secretary
- 2015-10-22➕MCMEEKIN, James Stuart appointeddirector
- 2015-10-22➖MCMEEKIN, James Stuart resigneddirector
- 2015-10-22➕COSEC LIMITED appointedcorporate-director
- 2015-10-22➖COSEC LIMITED resignedcorporate-director
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 "WEST" — strong identity link between founder and business.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- 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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Alan West Individual · British · DOB 11/1978 · age 48 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 06/04/2016 |
Mrs Kirsty Jane West Individual · British · DOB 10/1980 · age 46 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 (2 active · 3 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 | 12/01/2018 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 22/06/2017 | — |