EUROPEAN MANAGEMENT & MARINE CORPORATION LIMITED
Opportunity 73/100 (strong), bankability 67/100. 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
8 live charges · 3 lenders · oldest 29.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 29.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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 · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 1 | 100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (70 events)Click to expand
- 2025-12-01📄accounts-with-accounts-type-smallaccounts · AA
- 2024-12-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-17📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-12-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-01➕PARIHAR, Dhanraj appointeddirector
- 2024-10-31➖SAHA, Somnath resignedsecretary
- 2024-10-31➖SAHA, Somnath resigneddirector
- 2024-08-15📄accounts-with-accounts-type-smallaccounts · AA
- 2023-06-07📄accounts-with-accounts-type-smallaccounts · AA
- 2023-02-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-07-05📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-07-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-07-01➖HOOD, Simon resignedsecretary
- 2022-07-01➕SAHA, Somnath appointedsecretary
- 2022-06-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-06-15➖JODHAWAT, Shyam resigneddirector
- 2022-06-13➕SAHA, Somnath appointeddirector
- 2021-11-24📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-18📄accounts-with-accounts-type-smallaccounts · AA
- 2020-01-27📄accounts-with-accounts-type-smallaccounts · AA
- 2018-12-28📄accounts-with-accounts-type-smallaccounts · AA
- 2017-12-15📄accounts-with-accounts-type-smallaccounts · AA
- 2011-09-01➖JHAWAR, Brij Kishore resigneddirector
- 2011-08-26➖JHAWAR, Prashant resigneddirector
- 2011-08-23➖SCUTT, Paul resigneddirector
- 2011-08-04➖BHATTACHARYA, Purandar resigneddirector
- 2011-08-01➖JHAWAR, Rajeev resigneddirector
- 2011-03-31➖COBBAN, Alexander Charles resigneddirector
- 2010-09-14➕HOOD, Simon appointedsecretary
- 2010-02-23➖CARROL, Craig resignedsecretary
- 2006-04-01➕CARROL, Craig appointedsecretary
- 2006-04-01➖LEDINGHAM CHALMERS resignedcorporate-nominee-secretary
- 2003-03-19🔒Charge registered #12Lender: The Governor and Company of the Bank of Scotland
- 2002-11-04🔓Charge satisfied #10
- 2002-11-04🔓Charge satisfied #6
- 2001-09-10🔓Charge satisfied #9
- 2001-08-20➖ROYCHOUDHURY, Ranadurjoy resigneddirector
- 2001-05-04🔓Charge satisfied #5
- 2001-04-15➕BHATTACHARYA, Purandar appointeddirector
- 2001-04-15➕JODHAWAT, Shyam appointeddirector
- 2001-04-15➕SCUTT, Paul appointeddirector
- 2001-03-07➖WILLOX, Pamela Jane resigneddirector
- 2000-11-22➖THAKKER, Bharat resigneddirector
- 2000-04-26🔒Charge registered #11Lender: The Governor and Company of the Bank of Scotland
- 1999-08-11➕ROYCHOUDHURY, Ranadurjoy appointeddirector
- 1999-06-24🔓Charge satisfied #1
- 1999-06-09➖FRIEND, Robert Bromley Nessbitt resigneddirector
- 1999-06-08🔒Charge registered #10Lender: Bank of America National Trust and Savings Association
- 1999-06-08🔒Charge registered #9Lender: Bank of America National Trust and Savings Association
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Usha Martin International 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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Usha Martin International Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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7 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 · 19 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 19/03/2003 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 26/04/2000 | — | |
| satisfied | Bank of America National Trust and Savings Association | Assignation | 1 property | 08/06/1999 | 04/11/2002 | |
| satisfied | Bank of America National Trust and Savings Association | Assignation | 1 property | 08/06/1999 | 10/09/2001 | |
| satisfied | Bank of America National Trust and Savings Association | Floating charge | 1 property | 03/06/1999 | 04/05/2001 | |
| satisfied | Bank of America National Trust and Savings Association | Floating charge | 1 property | 02/06/1999 | 04/11/2002 | |
| satisfied | Haggie Rand Haggie Rand Limited | Bond & floating charge | 1 property | 11/11/1996 | 21/04/1999 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 11/07/1996 | 24/06/1999 |