ALCO ESTATES LIMITED
🌳Matureactive
00478747 · ltd · incorporated 1950-02-25
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 62.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
PursueActive trading company with a 83-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
6 live charges · 2 lenders · oldest 62.7y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 62.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
105 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
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 |
|---|---|---|
| Average employees | 200 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-09-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-04-19📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-08-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-04-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-05-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-04-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-12-09🔓Charge satisfied #4
- 2010-12-09🔓Charge satisfied #3
- 2010-12-09🔓Charge satisfied #2
- 2010-12-09🔓Charge satisfied #1
- 2007-02-23➖HENSHAW, Alexander Adolphus Dumfries resigneddirector
- 1996-11-05➖HENSHAW, Barbara Maude resigneddirector
- 1995-09-22➕HENSHAW, Judith Margaret appointeddirector
- 1970-01-14🔒Charge registered #6Lender: Midland Bank PLC
- 1967-08-26🔒Charge registered #5Lender: Midland Bank PLC
- 1963-10-14🔒Charge registered #4Lender: Barclays Bank PLC
- 1963-10-14🔒Charge registered #3Lender: Barclays Bank PLC
- 1963-10-14🔒Charge registered #2Lender: Barclays Bank PLC
- 1963-10-14🔒Charge registered #1Lender: Barclays Bank PLC
- 1950-02-25🏢Company incorporatedAs ALCO ESTATES LIMITED
Owner dependency
91/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 76 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alexander Graham Guy Henshaw Individual · British · DOB 02/1943 · age 83 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Judith Margaret Henshaw Individual · Irish · DOB 08/1949 · age 77 | 25–50% | — | 25-50% 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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|---|---|---|---|---|---|---|---|
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| ADVANCED HOLDINGS (LINCOLN) LIMITED→ 13298858 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AHN ELECTRICAL LTD→ 14448758 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AJ MACHIN CONSTRUCTION LTD→ 11921326 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| AJS CONSTRUCTION CONSULT LIMITED→ 14643610 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AKO GROUNDWORKS LIMITED→ 12442424 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ALBERELLIS FLOORING LIMITED→ 14132488 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALLEN ARCHAEOLOGY LIMITED→ 06935529 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ALLEN ROOFING LTD→ 05546660 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated1950-02-25
Jurisdictionengland-wales
Primary SIC41202 — Construction of domestic buildings
Registered office
Boathouse
Sandhurst Road
Sandilands Sutton On Sea
Lincs
LN12 2RH
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-22
Last: 2026-04-08
Officers (3 active · 2 resigned)
Active
Active
HENSHAW, Judith Margaret→
Activedirector · ~77y · appointed 1995-09-22
View their other companies + combined net worth →
HENSHAW, Alexander Adolphus Dumfries→
Resigneddirector · ~114y · resigned 2007-02-23
HENSHAW, Barbara Maude→
Resigneddirector · ~110y · resigned 1996-11-05
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Midland Bank Midland Bank PLC | Mortgage | 1 property | 14/01/1970 | — | |
| outstanding | Midland Bank Midland Bank PLC | Mortgage | 1 property | 26/08/1967 | — | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 14/10/1963 | 09/12/2010 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 14/10/1963 | 09/12/2010 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 14/10/1963 | 09/12/2010 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 14/10/1963 | 09/12/2010 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (105 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-10
confirmation-statement-with-updates
confirmation-statement · CS01
2019-04-11