ATTWATER & SONS LIMITED

🌳Matureactive

00354338 · ltd · incorporated 1939-06-26

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

—

year to Dec 2024

Net worth

£853.0k

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: SIC 22210

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 68). Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

16 live charges · 9 lenders · oldest 61.5y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 61.5 years old — likely at or near maturity.
· 9 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

16 charges (16/16 with lender, 16/16 with type)

Directors & officers

13 officers (5 active, 13 linked, 11 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

4 connected companies via shared directors

Filing history

188 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £853,019

Net assets shrinking

Down £151,896 YoY

Cash YoY

-0%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£252k

~ YoY

Net Worth

£853k

↓ 15% YoY

Current Assets

£2.0m

↓ 2.4% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£986.8k	£1.16M
Current assets	£1.97M	£2.02M
Cash	£252.4k	£253.2k
Debtors	£651.5k	£541.2k
Net assets	£853.0k	£1.00M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 capital
• 1 resolution

Last 180 days

filings

• 7 persons-with-significant-control
• 1 confirmation-statement
• 1 capital

Counts from Companies House filing history.

Corporate timeline (63 events)Click to expand

2026-05-06
📄
capital-cancellation-treasury-shares-with-date-currency-capital-figure
capital · SH05
2026-05-01
📄
resolution
resolution · RESOLUTIONS
2026-05-01
📄
memorandum-articles
incorporation · MA
2026-04-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-14
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-07
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-07
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-10
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-10
🔓
Charge satisfied #15
2025-09-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-21
📄
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2024-09-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-12
📄
capital-cancellation-shares
capital · SH06
2024-06-12
📄
capital-cancellation-shares
capital · SH06
2024-06-12
📄
capital-return-purchase-own-shares
capital · SH03
2024-06-12
📄
capital-return-purchase-own-shares
capital · SH03
2024-02-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-31
🔒
Charge registered #16
Lender: Hsbc UK Bank PLC
2023-09-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-31
➖
BATE, Martin resigned
director
2021-12-14
➕
D'ARCY, Matthew James appointed
secretary
2021-12-14
➖
BATE, Martin resigned
secretary
2020-07-01
➕
D'ARCY, Matthew James appointed
director
2019-12-31
➖
KENNEDY, Rachael resigned
director
2013-12-28
➖
ELAND, William Albert Thomas resigned
director
2013-05-18
🔓
Charge satisfied #10
2013-05-18
🔓
Charge satisfied #9
2013-05-18
🔓
Charge satisfied #8
2013-05-18
🔓
Charge satisfied #7
2012-08-24
🔒
Charge registered #15
Lender: Hsbc Bank PLC
2012-07-07
🔒
Charge registered #14
Lender: Hsbc Bank PLC
2012-07-06
🔒
Charge registered #13
Lender: Hsbc Invoice Finance (UK) LTD (the "Security Holder")
2012-07-06
🔒
Charge registered #12
Lender: Hsbc Invoice Finance (UK) LTD (the "Security Holder")
2012-06-26
🔒
Charge registered #11
Lender: Hsbc Bank PLC
2012-06-13
🔓
Charge satisfied #6
2009-03-31
🔒
Charge registered #10
Lender: Barclays Bank PLC
2008-08-06
🔒
Charge registered #9
Lender: Barclays Bank PLC
2008-06-03
🔓
Charge satisfied #5
2008-06-03
🔓
Charge satisfied #4
2008-05-30
🔒
Charge registered #8
Lender: Barclays Bank PLC
2008-05-30
🔒
Charge registered #7
Lender: Barclays Bank PLC
2005-06-01
➕
GOODE, Andrew appointed
director
2005-06-01
➕
SWARBRICK, David appointed
director
2005-06-01
➕
KENNEDY, Rachael appointed
director
2004-11-02
➖
ATTWATER, Janet resigned
director
2004-08-14
➖
EASTWOOD, Gillian Margaret resigned
director

Showing most recent 50 of 63 events

Owner dependency

80/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "ATTWATER" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 87 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

1 med · 1 low

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.

5 live charges

low

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

Group structure

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

🏛️

Attwater Group Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

ATTWATER & SONS LIMITED

This company · 00354338

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
Attwater Group Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	01/04/2026

3 historic (ceased) PSCs

Mrs Janet Attwaterceased 01/04/2026· 25-50% shares · 25-50% voting
Mrs Gillian Margaret Eastwoodceased 01/04/2026· 25-50% shares · 25-50% voting
Mr Richard Attwaterceased 01/04/2026· 25-50% shares · 25-50% voting

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

Incorporated1939-06-26

Jurisdictionengland-wales

Primary SIC22210 — SIC 22210

Registered office

Hopwood Street Mills

Holstein Street

Preston

PR1 1UN

England

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-05-23

Last: 2026-05-09