ADVANCE SECTIONAL BUILDINGS LIMITED

🌳Matureactive
00900020 · ltd · incorporated 1967-03-07
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
44/100
Watch
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What this business does
Primary activity: SIC 4525
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 44/100 (watch), bankability 2/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (80/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 40.2y

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 40.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: low (49/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
5 officers (4 active, 5 linked, 4 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
44/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
15
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
20
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2024-11-11
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  2. 2015-03-31
    📄
    restoration-order-of-court
    restoration · AC92
  3. 2002-08-13
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  4. 2002-08-13
    ⚠️
    liquidation-administration-discharge-of-administration-order
    insolvency · 2.19
  5. 2002-07-17
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · 1.3
  6. 2002-07-17
    ⚠️
    liquidation-voluntary-arrangement-completion
    insolvency · 1.4
  7. 2002-06-27
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  8. 2002-01-17
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  9. 2001-11-06
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · 1.3
  10. 2001-07-04
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  11. 2001-01-23
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  12. 2000-11-14
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · 1.3
  13. 2000-09-15
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  14. 1999-12-23
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  15. 1999-12-22
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · 1.3
  16. 1999-07-09
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  17. 1999-01-14
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  18. 1998-10-26
    ⚠️
    liquidation-voluntary-arrangement-meeting-approving-companies-voluntary-arrangement
    insolvency · 1.1
  19. 1998-06-11
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  20. 1997-12-18
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  21. 1997-06-13
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  22. 1997-02-06
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments
    insolvency · 2.15
  23. 1996-12-24
    📄
    legacy
    mortgage · 403a
  24. 1996-12-24
    🔓
    Charge satisfied #5
  25. 1996-09-23
    ⚠️
    liquidation-administration-meeting-of-creditors
    insolvency · 2.23
  26. 1996-09-06
    ⚠️
    liquidation-administration-proposals
    insolvency · 2.21
  27. 1995-11-07
    JONAS, Kenneth resigned
    director
  28. 1994-12-02
    🔒
    Charge registered #7
    Lender: Barclays Bank PLC
  29. 1994-11-03
    🔒
    Charge registered #6
    Lender: Barclays Bank PLC
  30. 1994-10-24
    🔒
    Charge registered #5
    Lender: Alex Lawrie Receivables Financing Limited
  31. 1994-08-19
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  32. 1989-03-21
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  33. 1987-07-22
    🔒
    Charge registered #2
    Lender: Hartlepool Borough Council.
  34. 1986-03-17
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  35. 1967-03-07
    🏢
    Company incorporated
    As ADVANCE SECTIONAL BUILDINGS LIMITED

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 89 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 89 years old. Natural succession window is now.
  • secondaryStable-but-static management: Company is 59 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 med · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 1999-01-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-12-07

22 insolvency-related filings on record
high

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

Evidence: 2002-08-13: liquidation-administration-administrators-abstracts-of-receipts-and-payments; 2002-08-13: liquidation-administration-discharge-of-administration-order

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

6 live charges
low

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

🔒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

13 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
Incorporated1967-03-07
Jurisdictionengland-wales
Primary SIC4525 — SIC 4525

Registered office

00900020 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH

Filing status

Accounts
Next due: 1999-01-31OVERDUE
Last made up to:
Confirmation statement
Next due: 2016-12-07OVERDUE
Last:

Officers (4 active · 1 resigned)

JONAS, Doreen Barnett
secretary
View their other companies + combined net worth →
Active
JONAS, Doreen Barnett
director · ~89y
View their other companies + combined net worth →
Active
JONAS, Michael Philip
director · ~67y
View their other companies + combined net worth →
Active
PLEWES, Karen Marie
director · ~63y
View their other companies + combined net worth →
Active
JONAS, Kenneth
director · ~94y · resigned 1995-11-07
Resigned

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

Mortgages & charges

7
Total charges
6
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Fixed charge supplemental to a guarantee and debenture dated 17TH march 1986 issued by the company and others1 property02/12/1994
outstanding
Barclays
Barclays Bank PLC
Guarantee and debenture1 property03/11/1994
satisfied
Alex Lawrie Receivables Financing
Alex Lawrie Receivables Financing Limited
First fixed charge1 property24/10/199424/12/1996
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property19/08/1994
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property21/03/1989
outstanding
Hartlepool Borough Council.
Legal charge1 property22/07/1987
outstanding
Barclays
Barclays Bank PLC
Guarantee & debenture1 property17/03/1986
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (53 total)

default-companies-house-registered-office-address-applied
address · RP05
2024-11-11
restoration-order-of-court
restoration · AC92
2015-03-31
liquidation-administration-administrators-abstracts-of-receipts-and-payments
insolvency · 2.15
2002-08-13
liquidation-administration-discharge-of-administration-order
insolvency · 2.19
2002-08-13
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · 1.3
2002-07-17
liquidation-voluntary-arrangement-completion
insolvency · 1.4
2002-07-17
liquidation-administration-administrators-abstracts-of-receipts-and-payments
insolvency · 2.15
2002-06-27
liquidation-administration-administrators-abstracts-of-receipts-and-payments
insolvency · 2.15
2002-01-17
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · 1.3
2001-11-06
liquidation-administration-administrators-abstracts-of-receipts-and-payments
insolvency · 2.15
2001-07-04
liquidation-administration-administrators-abstracts-of-receipts-and-payments
insolvency · 2.15
2001-01-23
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · 1.3
2000-11-14
liquidation-administration-administrators-abstracts-of-receipts-and-payments
insolvency · 2.15
2000-09-15
liquidation-administration-administrators-abstracts-of-receipts-and-payments
insolvency · 2.15
1999-12-23
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · 1.3
1999-12-22