ADVECO (AWP) LIMITED

🌳Matureactive
01027628 · ltd · incorporated 1971-10-18
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
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 78/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 41.7y

35/100
too messy

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

  • · Oldest live charge is 41.7 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
12 officers (5 active, 12 linked, 10 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
126 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees373500

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
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2023-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-11-01
    BRUSHETT, Gregory appointed
    director
  6. 2023-03-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-04-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-08-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2018-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2018-08-01
    SINCLAIR, William appointed
    director
  16. 2018-06-30
    FRETWELL, Jason resigned
    director
  17. 2018-01-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2018-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-01-09
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  20. 2016-03-03
    🔒
    Charge registered #5
    Lender: Hsbc Bank PLC
  21. 2011-12-06
    🔒
    Charge registered #4
    Lender: Hsbc Invoice Finance (UK) LTD (the Security Holder)
  22. 2011-12-06
    🔒
    Charge registered #3
    Lender: Hsbc Invoice Finance (UK) LTD (the Security Holder)
  23. 2009-12-02
    HOWCROFT, Christopher resigned
    director
  24. 2007-07-10
    GREGORY, Carol appointed
    director
  25. 2007-01-01
    FRETWELL, Jason appointed
    director
  26. 2003-05-21
    ROBERTS, Ian Henry Francis resigned
    director
  27. 2001-09-01
    HOWCROFT, Christopher appointed
    director
  28. 2000-04-05
    O'SULLIVAN, Daniel resigned
    director
  29. 1998-01-01
    ROBERTS, Ian Henry Francis appointed
    director
  30. 1994-12-31
    O'SULLIVAN, David Daniel appointed
    secretary
  31. 1994-12-31
    REED, Glenn Alfred Neil resigned
    secretary
  32. 1994-12-31
    REED, Glenn Alfred Neil resigned
    director
  33. 1993-11-30
    O'SULLIVAN, David Daniel appointed
    director
  34. 1992-08-21
    RITCHIE, Lance Garrard resigned
    director
  35. 1992-06-09
    🔒
    Charge registered #2
    Lender: Midland Bank PLC
  36. 1984-09-24
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  37. 1971-10-18
    🏢
    Company incorporated
    As ADVECO (AWP) LIMITED

Owner dependency

58/100
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.
  • +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
5 live charges
low

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Daniel O'Sullivan
Individual · British · DOB 11/1965 · age 61
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated1971-10-18
Jurisdictionengland-wales
Primary SIC46690 — Wholesale of other machinery and equipment

Registered office

Unit B8 Armstrong Mall
Southwood Business Park
Farnborough
Hampshire
GU14 0NR

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-27
Last: 2026-03-13

Officers (5 active · 7 resigned)

O'SULLIVAN, David Daniel
secretary · appointed 1994-12-31
View their other companies + combined net worth →
Active
BRUSHETT, Gregory
director · ~45y · appointed 2023-11-01
View their other companies + combined net worth →
Active
GREGORY, Carol
director · ~56y · appointed 2007-07-10
View their other companies + combined net worth →
Active
O'SULLIVAN, David Daniel
director · ~61y · appointed 1993-11-30
View their other companies + combined net worth →
Active
SINCLAIR, William
director · ~49y · appointed 2018-08-01
View their other companies + combined net worth →
Active
REED, Glenn Alfred Neil
secretary · resigned 1994-12-31
Resigned
FRETWELL, Jason
director · ~54y · appointed 2007-01-01 · resigned 2018-06-30
Resigned
HOWCROFT, Christopher
director · ~61y · appointed 2001-09-01 · resigned 2009-12-02
Resigned
O'SULLIVAN, Daniel
director · ~94y · resigned 2000-04-05
Resigned
REED, Glenn Alfred Neil
director · ~84y · resigned 1994-12-31
Resigned
RITCHIE, Lance Garrard
director · ~95y · resigned 1992-08-21
Resigned
ROBERTS, Ian Henry Francis
director · ~76y · appointed 1998-01-01 · resigned 2003-05-21
Resigned

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

Mortgages & charges

5
Total charges
5
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property03/03/2016
outstanding
HSBC
Hsbc Invoice Finance (UK) LTD (the Security Holder)
Fixed charge on purchased debts which fail to vest1 property06/12/2011
outstanding
HSBC
Hsbc Invoice Finance (UK) LTD (the Security Holder)
Floating charge (all assets)1 property06/12/2011
outstanding
Midland Bank
Midland Bank PLC
Charge1 property09/06/1992
outstanding
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property24/09/1984
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (126 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-11
appoint-person-director-company-with-name-date
officers · AP01
2024-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-31
change-person-director-company-with-change-date
officers · CH01
2022-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-13
change-person-director-company-with-change-date
officers · CH01
2021-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-30