ALPA JOINERS LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -32% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
1 live charge · oldest 7.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (76/100)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 | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £915.3k | £1.04M |
| Current assets | £851.0k | £1.03M |
| Cash | £500.9k | £732.8k |
| Debtors | £286.4k | £277.6k |
| Net assets | £635.1k | £748.6k |
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 (30 events)Click to expand
- 2025-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-03-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-12-15🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2018-11-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-07➕HARRIS, Kimberley appointeddirector
- 2018-06-07📄change-person-director-company-with-change-dateofficers · CH01
- 2018-06-07📄change-person-secretary-company-with-change-dateofficers · CH03
- 2018-06-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-03-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-07-24📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2017-01-30📄change-person-secretary-company-with-change-dateofficers · CH03
- 2008-05-23➕HARRIS, Kimberley appointedsecretary
- 2008-05-23➖HARRIS, Paul Henry resignedsecretary
- 2008-05-23➖HARRIS, Paul Henry resigneddirector
- 2000-10-10🏢Company incorporatedAs ALPA JOINERS LIMITED
- 2000-10-10➕HARRIS, Alan William appointeddirector
- 2000-10-10➕HARRIS, Paul Henry appointedsecretary
- 2000-10-10➕COMBINED SECRETARIAL SERVICES LIMITED appointedcorporate-nominee-secretary
- 2000-10-10➖COMBINED SECRETARIAL SERVICES LIMITED resignedcorporate-nominee-secretary
- 2000-10-10➕HARRIS, Paul Henry appointeddirector
- 2000-10-10➕COMBINED NOMINEES LIMITED appointedcorporate-nominee-director
- 2000-10-10➖COMBINED NOMINEES LIMITED resignedcorporate-nominee-director
- 2000-10-10➕COMBINED SECRETARIAL SERVICES LIMITED appointedcorporate-nominee-director
- 2000-10-10➖COMBINED SECRETARIAL SERVICES LIMITED resignedcorporate-nominee-director
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.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alan William Harris Individual · British · DOB 08/1976 · age 50 | 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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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 (3 active · 5 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 | 2 properties | 15/12/2018 | — |