JACK TIGHE LIMITED
Company number 00834165 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Assessment: JACK TIGHE LIMITED
1. Credit Opinion: CONDITIONAL
Reasoning: The company presents several positive structural indicators—60-year trading history, active status, full accounts filing, and compliance with statutory obligations. However, the absence of filed financial statements (balance sheet, P&L, cash flow) in the available data prevents a complete assessment of payment capability and financial resilience. A conditional approval is appropriate pending receipt and review of the latest full accounts (made up to 31 December 2025, due by 30 September 2027).
The industrial coatings and painting sector can be cyclical and contract-dependent, which introduces revenue concentration risk. The trust-based ownership structure and recent director resignation (Philip Wood, October 2025) warrant further inquiry before full credit extension.
2. Financial Strength
Limited data available — the following observations are based on structural indicators:
| Indicator | Assessment |
|---|---|
| Share Capital | £100,000 — moderate capital base, indicates substantive equity commitment |
| Accounts Category | Full — company exceeds small company thresholds or elects full filing, suggesting meaningful operational scale |
| Filing Compliance | Accounts and confirmation statements both current and not overdue — positive governance signal |
| Trading Longevity | Incorporated 1965, trading since 1954 per website — significant survivorship through multiple economic cycles |
| Ownership Structure | Three PSCs each holding 25-50% via trust arrangements — concentrated but diversified across individuals; trust structures can complicate decision-making and security enforcement |
Key Gap: No balance sheet data, profitability figures, or leverage ratios available for quantitative assessment. The £100,000 share capital is a floor, not a ceiling, on shareholders' funds.
3. Cash Flow Assessment
Unable to complete — no financial statements available in dataset.
Without sight of: - Current assets and current liabilities (working capital position) - Cash and cash equivalents - Trade debtors/creditors ageing - Operating profit and EBITDA - Capital expenditure commitments
No meaningful cash flow or liquidity analysis can be performed.
Proxy indicators available: - Full accounts filing suggests the company likely meets at least two of: turnover > £10.2M, balance sheet > £5.1M, or 50+ employees — implying operational scale - Six current directors indicates a substantial management team, typically associated with medium-sized enterprises - No insolvency proceedings, administration, or receiver appointments on record
4. Monitoring Points
| Priority | Metric / Item | Rationale |
|---|---|---|
| High | Obtain and review full accounts to 31/12/2025 | Essential for credit decision — leverage, profitability, working capital, cash generation |
| High | Clarify circumstances of Philip Wood's resignation (Oct 2025) | Recent departure may indicate governance or strategic shifts; Wood surname matches PSC (Patricia Wood) — potential family dynamics |
| Medium | Understand trust ownership structure | Three PSCs via trust — clarify who controls trustee decisions and whether trust deeds restrict asset disposal |
| Medium | Contract concentration and pipeline | Industrial painting is project-based; assess revenue dependency on key clients/sectors |
| Medium | Sector exposure — steel/industrial clients | Scunthorpe location and metal treatment SIC code suggest exposure to UK steel industry, which faces structural challenges |
| Low | Director disqualification checks | No records flagged, but standard due diligence should confirm |
| Low | Trade creditor payment patterns | Obtain credit references from suppliers and check payment behaviour |
Sector Context
The company operates in SIC codes 25610 (treatment and coating of metals) and 43341 (painting). This is a competitive, often margin-pressured sector dependent on construction and industrial capital expenditure cycles. The Scunthorpe location and metal treatment classification suggest potential exposure to the UK steel industry, which has faced significant headwinds. However, 60 years of trading demonstrates adaptability.