CASK ASSETS LIMITED
Opportunity 66/100 (strong), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
5 live charges · 3 lenders · oldest 0.6y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 0.6 years old — likely still in initial term.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (55/100)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.
Recent activity
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 mortgage
- • 1 confirmation-statement
- • 1 mortgage
Corporate timeline (14 events)Click to expand
- 2026-03-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-19🔒Charge registered #5Lender: Aldermore Bank PLC
- 2025-10-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-01🔒Charge registered #3Lender: Leeds Building Society
- 2025-09-29🔒Charge registered #4Lender: Leeds Building Society
- 2025-09-29🔒Charge registered #2Lender: Leeds Building Society
- 2025-09-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-08🔒Charge registered #1Lender: Godiva Mortgages Limited
- 2025-04-28🏢Company incorporatedAs CASK ASSETS LIMITED
- 2025-04-28➕KOO, Christopher appointeddirector
- 2025-04-28➕SANGSTER, Andrew Colin appointeddirector
- 2025-04-28📄incorporation-companyincorporation · NEWINC
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.
- +Young company: Only 1.0 years old — management layer unlikely to be developed.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med · 1 lowHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-03-19: A registered charge; 2025-10-01: A registered charge; 2025-09-29: A registered charge
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Colin Sangster Individual · British · DOB 03/1983 · age 43 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 28/04/2025 |
Mr Christopher Koo Individual · British · DOB 08/1984 · age 42 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 28/04/2025 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 19/03/2026 | — | |
| outstanding | Leeds Building Society | A registered charge | 1 property | 01/10/2025 | — | |
| outstanding | Leeds Building Society | A registered charge | 1 property | 29/09/2025 | — | |
| outstanding | Leeds Building Society | A registered charge | 1 property | 29/09/2025 | — | |
| outstanding | Godiva Mortgages Godiva Mortgages Limited | A registered charge | 1 property | 08/09/2025 | — |