ADWIN SPRING COMPANY LIMITED

🌳Matureactive
00607675 · ltd · incorporated 1958-07-08
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 Aug 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: SIC 25500
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 76/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 4 lenders · oldest 33.7y

35/100
too messy

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

  • · Oldest live charge is 33.7 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
119 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-08-312024-08-31
Average employees252600

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
8
filings
  • • 4 persons-with-significant-control
  • • 2 gazette
  • • 1 confirmation-statement
Last 90 days
8
filings
  • • 4 persons-with-significant-control
  • • 2 gazette
  • • 1 confirmation-statement
Last 180 days
8
filings
  • • 4 persons-with-significant-control
  • • 2 gazette
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-06-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-06-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2026-06-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-06-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2026-06-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2026-06-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2026-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-04-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-04-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2021-03-02
    ➖
    HARRIS, Jeffrey Alan resigned
    secretary
  16. 2021-03-02
    ➖
    HARRIS, Jeffrey Alan resigned
    director
  17. 2020-05-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-11-10
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2019-11-10
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2019-05-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-08-18
    ➕
    ANGELL, Mark appointed
    director
  22. 2012-10-24
    🔒
    Charge registered #7
    Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
  23. 2012-10-24
    🔒
    Charge registered #6
    Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
  24. 2011-12-09
    🔒
    Charge registered #5
    Lender: Hsbc Equipment Finance (UK) LTD and Hsbc Asset Finance (UK) LTD
  25. 2011-11-30
    ➕
    COTTRILL, Paul appointed
    director
  26. 2011-11-30
    ➕
    HARRIS, Jeffrey Alan appointed
    secretary
  27. 2011-11-30
    ➖
    HARRIS, Olwen Marjorie resigned
    secretary
  28. 2011-11-30
    ➖
    HARRIS, David Leonard resigned
    director
  29. 2011-11-30
    ➖
    HARRIS, Olwen Marjorie resigned
    director
  30. 2011-11-29
    🔒
    Charge registered #4
    Lender: Hsbc Bank PLC
  31. 1992-11-10
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  32. 1992-09-24
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  33. 1992-09-24
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  34. 1958-07-08
    🏢
    Company incorporated
    As ADWIN SPRING COMPANY LIMITED

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 68 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 low
7 live charges
low

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

Group structure

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

🏛️
Adwin Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ADWIN SPRING COMPANY LIMITED
This company · 00607675

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
Adwin Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control15/02/2021
3 historic (ceased) PSCs
  • Mrs Lea Alison Harrisceased 27/04/2024· 25-50% shares · 25-50% voting
  • Mr Jeffrey Alan Harrisceased 15/02/2021· 25-50% shares · 25-50% voting
  • Mr Paul Cottrillceased 15/02/2021· significant influence

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

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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
Incorporated1958-07-08
Jurisdictionengland-wales
Primary SIC25500 — SIC 25500

Registered office

Elwell Street
West Bromwich
West Midlands
B70 0DW

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20

Officers (2 active · 5 resigned)

ANGELL, Mark→
director · ~60y · appointed 2018-08-18
View their other companies + combined net worth →
Active
COTTRILL, Paul→
director · ~47y · appointed 2011-11-30
View their other companies + combined net worth →
Active
HARRIS, Jeffrey Alan→
secretary · appointed 2011-11-30 · resigned 2021-03-02
Resigned
HARRIS, Olwen Marjorie→
secretary · resigned 2011-11-30
Resigned
HARRIS, David Leonard→
director · ~64y · resigned 2011-11-30
Resigned
HARRIS, Jeffrey Alan→
director · ~73y · resigned 2021-03-02
Resigned
HARRIS, Olwen Marjorie→
director · ~99y · resigned 2011-11-30
Resigned

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

Mortgages & charges

7
Total charges
7
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
HSBC
Hsbc Invoice Finance (UK) LTD ("the Security Holder")
Fixed charge on purchased debts which fail to vest1 property24/10/2012—
outstanding
HSBC
Hsbc Invoice Finance (UK) LTD ("the Security Holder")
Floating charge (all assets)1 property24/10/2012—
outstanding
HSBC
Hsbc Equipment Finance (UK) LTD and Hsbc Asset Finance (UK) LTD
Chattels mortgage1 property09/12/2011—
outstanding
HSBC
Hsbc Bank PLC
Debenture1 property29/11/2011—
outstanding
Barclays
Barclays Bank PLC
Debenture1 property10/11/1992—
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property24/09/1992—
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property24/09/1992—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (119 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-03
gazette-filings-brought-up-to-date
gazette · DISS40
2026-06-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-06-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-02
gazette-notice-compulsory
gazette · GAZ1
2026-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-30