LEDGE 593 LIMITED
Opportunity 82/100 (exceptional), bankability 57/100. Strong seller-intent signal (83/100, director aged 72). 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
4 live charges · 3 lenders · oldest 20.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
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 | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 0 | 0 |
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
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (29 events)Click to expand
- 2026-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-08➖MILLER, John resigneddirector
- 2018-03-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-27📄change-person-director-company-with-change-dateofficers · CH01
- 2017-03-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-24📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-03-12🔒Charge registered #4Lender: Dalmust Limited
- 2009-01-21➖DM SECRETARIES LIMITED resignedcorporate-secretary
- 2006-01-12🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 2006-01-04🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2005-07-01🔒Charge registered #1Lender: Criffel Ventures Limited
- 2004-12-03➕MILLER, John appointeddirector
- 2003-09-18➕DM SECRETARIES LIMITED appointedcorporate-secretary
- 2003-09-18➖LEDINGHAM CHALMERS resignedcorporate-nominee-secretary
- 2001-05-18➕CORBETT, John appointeddirector
- 2001-05-18➖DURANO LIMITED resignedcorporate-nominee-director
- 2001-05-10🏢Company incorporatedAs LEDGE 593 LIMITED
- 2001-05-10➕LEDINGHAM CHALMERS appointedcorporate-nominee-secretary
- 2001-05-10➕DURANO LIMITED appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 25 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
cleanGroup structure
Aisling Developments 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 |
|---|---|---|---|---|
Aisling Developments Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 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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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 (1 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Dalmust Dalmust Limited | Standard security | 1 property | 12/03/2012 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 12/01/2006 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 04/01/2006 | — | |
| outstanding | Criffel Ventures Criffel Ventures Limited | Standard security | 1 property | 01/07/2005 | — |