AAH PHARMACEUTICALS LIMITED

🌳Matureactive
00123458 · ltd · incorporated 1912-07-27
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: SIC 21100
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46460SIC 46460
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 52/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).

🏦

Refinance opportunity

14 live charges · 6 lenders · oldest 97.0y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 97.0 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 53/100 (high).

Data confidence

Overall: medium (61/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
64 officers (5 active, 64 linked, 57 with DOB)
88
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
312 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
5
filings
  • 3 officers
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (156 events)Click to expand
  1. 2026-01-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-01-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-01-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-12-26
    BOUND, David Jonathan resigned
    director
  5. 2025-12-22
    CHAMBERS, Brian Gerard appointed
    director
  6. 2025-12-22
    CLARK, Michael John appointed
    director
  7. 2025-12-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2025-09-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-09-03
    🔒
    Charge registered #14
    Lender: Barclays Bank PLC as Security Trustee for the Secured Parties (As Defined in the Instrument)
  10. 2025-01-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2024-07-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2024-07-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  13. 2024-06-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2024-02-01
    STUBBINGS, Adrian Mark appointed
    director
  15. 2024-02-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-02-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2024-02-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2024-01-31
    CLARKE, James Ian resigned
    director
  19. 2024-01-31
    DARGUE, Robin Lindsay resigned
    director
  20. 2024-01-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  21. 2023-09-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2023-09-14
    CLARKE, James Ian appointed
    director
  23. 2023-09-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  24. 2023-09-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  25. 2023-09-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2023-09-01
    🔒
    Charge registered #13
    Lender: Barclays Bank PLC, as Security Trustee for the Secured Parties (As Defined in the Instrument).
  27. 2023-08-31
    📄
    capital-allotment-shares
    capital · SH01
  28. 2023-08-29
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  29. 2023-08-29
    📄
    resolution
    resolution · RESOLUTIONS
  30. 2023-08-29
    ⚠️
    legacy
    insolvency · CAP-SS
  31. 2023-08-29
    📄
    legacy
    capital · SH20
  32. 2023-08-23
    🔓
    Charge satisfied #8
  33. 2023-08-23
    🔓
    Charge satisfied #6
  34. 2023-08-22
    🔓
    Charge satisfied #9
  35. 2023-08-22
    🔓
    Charge satisfied #7
  36. 2022-12-02
    BOUND, David Jonathan appointed
    director
  37. 2022-12-01
    🔒
    Charge registered #12
    Lender: Aurelius Crocodile Limited
  38. 2022-12-01
    🔒
    Charge registered #11
    Lender: Aurelius Crocodile Limited
  39. 2022-12-01
    🔒
    Charge registered #10
    Lender: Aurelius Crocodile Limited
  40. 2022-11-02
    🔒
    Charge registered #9
    Lender: Barclays Bank PLC, as Security Trustee for the Secured Parties (As Defined in the Instrument).
  41. 2022-07-31
    DAVIES, Jane resigned
    director
  42. 2022-07-27
    HALL, Wendy Margaret appointed
    director
  43. 2022-07-27
    DARGUE, Robin Lindsay appointed
    director
  44. 2022-05-18
    KEEN, Christian resigned
    director
  45. 2022-05-11
    ANDERSON, Toby Matthew resigned
    director
  46. 2022-04-06
    🔒
    Charge registered #8
    Lender: Barclays Bank PLC (As Security Trustee)
  47. 2022-04-06
    🔒
    Charge registered #7
    Lender: Barclays Bank PLC, as Security Trustee for the Secured Parties (As Defined in the Instrument).
  48. 2022-04-06
    🔒
    Charge registered #6
    Lender: Barclays Bank PLC, as Security Trustee for the Secured Parties (As Defined in the Instrument).
  49. 2022-04-06
    🔒
    Charge registered #5
    Lender: Aurelius Crocodile Limited
  50. 2022-04-06
    🔒
    Charge registered #4
    Lender: Aurelius Crocodile Limited
Showing most recent 50 of 156 events

Owner dependency

40/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 high · 1 med · 1 low
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-08-29: legacy

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

8 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Admenta Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Admenta Uk Limited
Corporate parent · holds 75-100% shares
ultimate parent
AAH PHARMACEUTICALS LIMITED
This company · 00123458

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%
NameSharesVoting rightsNature of controlNotified
Admenta Uk Limited
Corporate entity
75100%
75-100% shares25/08/2023
1 historic (ceased) PSC
  • Admenta Holdings Limitedceased 25/08/2023· 75-100% shares · firm interest

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒Advanced scoring suite

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

Statusactive
Typeltd
Incorporated1912-07-27
Jurisdictionengland-wales
Primary SIC21100 — SIC 21100

Registered office

The Woods
Haywood Road
Warwick
CV34 5AH
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-08
Last: 2026-01-25

Officers (5 active · 59 resigned)

LEGG, Nichola Louise
secretary · appointed 2016-01-04
View their other companies + combined net worth →
Active
CHAMBERS, Brian Gerard
director · ~44y · appointed 2025-12-22
View their other companies + combined net worth →
Active
CLARK, Michael John
director · ~48y · appointed 2025-12-22
View their other companies + combined net worth →
Active
HALL, Wendy Margaret
director · ~56y · appointed 2022-07-27
View their other companies + combined net worth →
Active
STUBBINGS, Adrian Mark
director · ~53y · appointed 2024-02-01
View their other companies + combined net worth →
Active
DAVIES, John Richard Bridge
secretary · appointed 1998-07-31 · resigned 2000-12-31
Resigned
GOULT, David Alexander
secretary · resigned 1998-07-31
Resigned
HALL, Wendy Margaret
secretary · appointed 2015-01-01 · resigned 2016-01-04
Resigned
LEGG, Nichola Louise
secretary · appointed 2014-01-01 · resigned 2014-12-31
Resigned
SHEPHERD, William
secretary · appointed 2011-08-01 · resigned 2013-12-31
Resigned
SMERDON, Peter
secretary · appointed 2000-12-31 · resigned 2011-08-01
Resigned
AGAR-HUTTY, Stephen Andrew
director · ~67y · appointed 1998-03-20 · resigned 2001-01-08
Resigned
ANDERSON, Stephen William
director · ~60y · appointed 2009-11-04 · resigned 2016-03-31
Resigned
ANDERSON, Toby Matthew
director · ~53y · appointed 2018-09-01 · resigned 2022-05-11
Resigned
BEER, Thorsten
director · ~55y · appointed 2011-11-01 · resigned 2016-12-21
Resigned
BOUND, David Jonathan
director · ~64y · appointed 2022-12-02 · resigned 2025-12-26
Resigned
BRAY, Ian David
director · ~63y · appointed 2000-03-22 · resigned 2002-11-30
Resigned
BULMER, Jeffrey Mark
director · ~64y · appointed 2004-08-01 · resigned 2011-12-31
Resigned
CLARKE, James Ian
director · ~51y · appointed 2023-09-14 · resigned 2024-01-31
Resigned
DARGUE, Robin Lindsay
director · ~59y · appointed 2022-07-27 · resigned 2024-01-31
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

14
Total charges
8
Outstanding
2
Active lenders
Status:Lender:14 of 14 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC as Security Trustee for the Secured Parties (As Defined in the Instrument)
A registered charge1 property03/09/2025
outstanding
Barclays
Barclays Bank PLC, as Security Trustee for the Secured Parties (As Defined in the Instrument).
A registered charge1 property01/09/2023
outstanding
Aurelius Crocodile
Aurelius Crocodile Limited
A registered charge1 property01/12/2022
outstanding
Aurelius Crocodile
Aurelius Crocodile Limited
A registered charge1 property01/12/2022
outstanding
Aurelius Crocodile
Aurelius Crocodile Limited
A registered charge1 property01/12/2022
satisfied
Barclays
Barclays Bank PLC, as Security Trustee for the Secured Parties (As Defined in the Instrument).
A registered charge1 property02/11/202222/08/2023
satisfied
Barclays
Barclays Bank PLC (As Security Trustee)
A registered charge06/04/202223/08/2023
satisfied
Barclays
Barclays Bank PLC, as Security Trustee for the Secured Parties (As Defined in the Instrument).
A registered charge1 property06/04/202222/08/2023
satisfied
Barclays
Barclays Bank PLC, as Security Trustee for the Secured Parties (As Defined in the Instrument).
A registered charge1 property06/04/202223/08/2023
outstanding
Aurelius Crocodile
Aurelius Crocodile Limited
A registered charge1 property06/04/2022
outstanding
Aurelius Crocodile
Aurelius Crocodile Limited
A registered charge1 property06/04/2022
outstanding
Aurelius Crocodile
Aurelius Crocodile Limited
A registered charge1 property06/04/2022
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Letter of set off1 property07/03/198520/11/1993
satisfied
Mawson & Proctor
Mawson & Proctor Limited
Series of debentures14/05/192931/01/1996
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (312 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-26
appoint-person-director-company-with-name-date
officers · AP01
2026-01-15
appoint-person-director-company-with-name-date
officers · AP01
2026-01-08
termination-director-company-with-name-termination-date
officers · TM01
2026-01-02
accounts-with-accounts-type-full
accounts · AA
2025-12-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-full
accounts · AA
2025-01-06
change-person-director-company-with-change-date
officers · CH01
2024-07-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-07-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-12
appoint-person-director-company-with-name-date
officers · AP01
2024-02-01
termination-director-company-with-name-termination-date
officers · TM01
2024-02-01
termination-director-company-with-name-termination-date
officers · TM01
2024-02-01