A.A. MASSEN LIMITED

🌳Matureactive
01233697 · ltd · incorporated 1975-11-14
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£2.71M
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 62-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

19 live charges · 6 lenders · oldest 45.9y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 45.9 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

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
19 charges (19/19 with lender, 19/19 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
133 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
75/100Strong
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
74
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 £2,711,758
Cash draining
Cash down 42% YoY
Cash YoY
-42%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£250k
↓ 42% YoY
Net Worth
£2.7m
↑ 5.6% YoY
Current Assets
£762k
↑ 67% YoY
Current Liabilities
—
£0£542k£1.1m£1.6m£2.2m£2.7mFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£3.30M£3.13M
Current assets£762.0k£456.7k
Cash£249.5k£430.9k
Debtors£497.9k£11.3k
Net assets£2.71M£2.57M

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2025-06-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2020-09-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2020-09-01
    ➖
    MASSEN, Doris Margaret Ann resigned
    secretary
  9. 2020-09-01
    ➖
    MASSEN, Doris Margaret Ann resigned
    director
  10. 2020-08-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-05-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2020-05-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2020-05-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2020-03-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2020-03-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2020-02-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2019-11-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2019-11-24
    ➖
    MASSEN, Arthur Albert resigned
    director
  19. 2019-08-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-03-31
    🔓
    Charge satisfied #14
  22. 2018-03-31
    🔓
    Charge satisfied #12
  23. 2018-03-31
    🔓
    Charge satisfied #11
  24. 2012-06-21
    🔒
    Charge registered #19
    Lender: National Westminster Bank PLC
  25. 2010-04-07
    🔒
    Charge registered #18
    Lender: National Westminster Bank PLC
  26. 2009-05-26
    🔒
    Charge registered #17
    Lender: National Westminster Bank PLC
  27. 2009-05-26
    🔒
    Charge registered #16
    Lender: National Westminster Bank PLC
  28. 2009-05-26
    🔒
    Charge registered #15
    Lender: National Westminster Bank PLC
  29. 2007-10-23
    🔒
    Charge registered #14
    Lender: Norwich & Peterborough Building Society
  30. 2005-07-11
    🔒
    Charge registered #13
    Lender: National Westminster Bank PLC
  31. 2002-09-04
    ➕
    MASSEN, Roger Mark appointed
    director
  32. 2002-09-04
    ➕
    MASSEN, Simon John appointed
    director
  33. 2002-05-29
    🔓
    Charge satisfied #3
  34. 2002-05-29
    🔓
    Charge satisfied #2
  35. 2002-05-29
    🔓
    Charge satisfied #1
  36. 2002-05-24
    🔒
    Charge registered #12
    Lender: Norwich and Peterborough Building Society
  37. 2002-05-24
    🔒
    Charge registered #11
    Lender: Norwich and Peterborough Building Society
  38. 2000-07-28
    🔓
    Charge satisfied #6
  39. 1999-12-03
    🔒
    Charge registered #10
    Lender: National Westminster Bank PLC
  40. 1998-11-24
    🔒
    Charge registered #9
    Lender: National Westminster Bank PLC
  41. 1998-11-24
    🔒
    Charge registered #8
    Lender: National Westminster Bank PLC
  42. 1998-11-24
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  43. 1997-06-06
    🔒
    Charge registered #6
    Lender: Norwich & Peterborough Building Society
  44. 1991-11-29
    🔒
    Charge registered #5
    Lender: The Development Commission
  45. 1990-09-11
    🔒
    Charge registered #4
    Lender: Whitbread and Company Public Limited Company
  46. 1990-01-31
    🔒
    Charge registered #3
    Lender: Nationwide Anglia Building Society
  47. 1990-01-31
    🔒
    Charge registered #2
    Lender: Nationwide Anglia Building Society
  48. 1980-07-09
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  49. 1975-11-14
    🏢
    Company incorporated
    As A.A. MASSEN LIMITED

Owner dependency

99/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MASSEN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 51 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.

12 live charges
low

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Simon Massen
Individual · British · DOB 10/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting27/04/2020
Mr Roger Mark Massen
Individual · British · DOB 03/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting27/04/2020
2 historic (ceased) PSCs
  • Mrs Doris Margaret Ann Massenceased 27/04/2020· 25-50% shares · 25-50% voting
  • Mr Arthur Albert Massenceased 24/11/2019· 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

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
Incorporated1975-11-14
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

15 Senters Road
Dersingham
King's Lynn
PE31 6LJ
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-06-05
Last: 2026-05-22

Officers (2 active · 3 resigned)

MASSEN, Roger Mark→
director · ~59y · appointed 2002-09-04
View their other companies + combined net worth →
Active
MASSEN, Simon John→
director · ~62y · appointed 2002-09-04
View their other companies + combined net worth →
Active
MASSEN, Doris Margaret Ann→
secretary · resigned 2020-09-01
Resigned
MASSEN, Arthur Albert→
director · ~88y · resigned 2019-11-24
Resigned
MASSEN, Doris Margaret Ann→
director · ~89y · resigned 2020-09-01
Resigned

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

Mortgages & charges

19
Total charges
12
Outstanding
3
Active lenders
Status:Lender:19 of 19 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property21/06/2012—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property07/04/2010—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property26/05/2009—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property26/05/2009—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property26/05/2009—
satisfied
Norwich & Peterborough Building Society
Mortgage1 property23/10/200731/03/2018
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property11/07/2005—
satisfied
Norwich and Peterborough Building Society
Deed of assignment/charge1 property24/05/200231/03/2018
satisfied
Norwich and Peterborough Building Society
Legal mortgage1 property24/05/200231/03/2018
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property03/12/1999—
outstanding
National Westminster Bank
National Westminster Bank PLC
Sub mortgage1 property24/11/1998—
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property24/11/1998—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property24/11/1998—
satisfied
Norwich & Peterborough Building Society
Mortgage deed2 properties06/06/199728/07/2000
outstanding
The Development Commission
Legal charge1 property29/11/1991—
outstanding
Whitbread and Company Public Company
Whitbread and Company Public Limited Company
Guarantee and legal charge1 property11/09/1990—
satisfied
Nationwide Anglia Building Society
Mortgage deed1 property31/01/199029/05/2002
satisfied
Nationwide Anglia Building Society
Mortgage debenture1 property31/01/199029/05/2002
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property09/07/198029/05/2002
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (133 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-25
termination-director-company-with-name-termination-date
officers · TM01
2020-09-16
termination-secretary-company-with-name-termination-date
officers · TM02
2020-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-06
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-29