IAN WHITE LIMITED
- 01450SIC 01450
- 01629SIC 01629
Opportunity 78/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 82). 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 (73/100).
Refinance opportunity
6 live charges · 3 lenders · oldest 43.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 43.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
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.
Key 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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | — | £2.45M |
| Current assets | — | £2.25M |
| Cash | — | £444.9k |
| Debtors | — | £1.64M |
| Net assets | — | £2.43M |
| Average employees | 200 | — |
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
- • 1 confirmation-statement
Corporate timeline (25 events)Click to expand
- 2025-08-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-01-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2016-11-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-08-08➖WHITE, Ian resignedsecretary
- 2016-08-08➖WHITE, Ian resigneddirector
- 2016-01-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-10-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-03-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2004-01-01➕WHITE, Stephen George appointeddirector
- 1997-11-24🔒Charge registered #8Lender: Japonica Holdings Limited
- 1997-02-18🔒Charge registered #6Lender: Mrs Ann Callender White
- 1997-01-24🔒Charge registered #5Lender: Clydesdale Bank Public Limited Company
- 1994-03-04🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1987-02-09🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1983-01-28🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1982-12-01🏢Company incorporatedAs IAN WHITE LIMITED
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 "WHITE" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 82 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 43 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Sgwl Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Sgwl Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
Mrs Ann Callender White Individual · British · DOB 04/1944 · age 82 | — | — | sig. influencesignificant influence | 06/04/2016 |
Mr Stephen George White Individual · British · DOB 03/1973 · age 53 | — | — | sig. influencesignificant influence | 06/04/2016 |
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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8 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 · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Japonica Holdings Japonica Holdings Limited | Standard security | 1 property | 24/11/1997 | — | |
| outstanding | Mrs Ann Callender White | Standard security | 1 property | 18/02/1997 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 24/01/1997 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 04/03/1994 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 09/02/1987 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 28/01/1983 | — |