AVON STEEL COMPANY LIMITED

🌳Matureactive
01346397 · ltd · incorporated 1977-12-30
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 Mar 2025
Net worth
book net assets
Opportunity
66/100
Strong
🔔
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What this business does
Primary activity: SIC 46720
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 77/100. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

10 live charges · 7 lenders · oldest 45.2y

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 45.2 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: high (81/100)

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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
17 officers (2 active, 17 linked, 15 with DOB)
88
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
178 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review 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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees17001800

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 officers
Last 180 days
1
filing
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (70 events)Click to expand
  1. 2026-04-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-03-31
    FUJI, Eiichi resigned
    director
  3. 2025-10-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2025-08-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-07-02
    📄
    legacy
    capital · SH20
  6. 2025-07-02
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  7. 2025-07-02
    ⚠️
    legacy
    insolvency · CAP-SS
  8. 2025-07-02
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2024-08-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2024-02-19
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  11. 2023-11-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2023-11-24
    🔓
    Charge satisfied #10
  13. 2023-07-24
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2023-03-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2023-03-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2023-03-15
    GREENWOOD, Kyle Michael appointed
    director
  17. 2023-03-15
    WALTON, Michael Desmond resigned
    director
  18. 2022-10-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2022-10-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2022-10-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2022-10-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2022-10-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2022-10-04
    NONAKA, Toshiki appointed
    director
  24. 2022-10-04
    FUJI, Eiichi appointed
    director
  25. 2022-10-04
    HAY, William Neave resigned
    director
  26. 2022-10-04
    ROBINSON, Ronald resigned
    director
  27. 2022-10-04
    WELDEN, Michael Anthony resigned
    director
  28. 2022-07-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  29. 2022-07-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  30. 2022-06-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  31. 2021-02-22
    HAY, William Neave appointed
    director
  32. 2019-10-11
    PARSON, Simon resigned
    secretary
  33. 2019-10-11
    PARSON, Simon resigned
    director
  34. 2017-12-27
    🔓
    Charge satisfied #9
  35. 2017-12-27
    🔓
    Charge satisfied #8
  36. 2017-12-27
    🔓
    Charge satisfied #7
  37. 2017-12-27
    🔓
    Charge satisfied #5
  38. 2017-12-05
    WELDEN, Michael Anthony appointed
    director
  39. 2017-11-22
    JELLEY, Paul Alan resigned
    director
  40. 2017-11-22
    PARSON, Charles Patrick Hugo resigned
    director
  41. 2017-11-22
    ROBINSON, Ronald appointed
    director
  42. 2017-11-22
    WALTON, Michael Desmond appointed
    director
  43. 2017-11-22
    🔒
    Charge registered #10
    Lender: Secure Trust Bank PLC
  44. 2017-11-17
    🔓
    Charge satisfied #6
  45. 2017-06-21
    🔒
    Charge registered #9
    Lender: Hsbc Bank PLC
  46. 2017-05-17
    🔒
    Charge registered #8
    Lender: Hsbc Invoice Finance (UK) LTD
  47. 2016-11-21
    🔒
    Charge registered #7
    Lender: Hsbc Bank PLC
  48. 2016-07-05
    BRYANT, Julian Raymond resigned
    director
  49. 2015-11-01
    JELLEY, Paul Alan appointed
    director
  50. 2014-05-13
    GOLDSCHMIDT, John Christopher Dalglish resigned
    director
Showing most recent 50 of 70 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 48 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
1 insolvency-related filing on record
high

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

Evidence: 2025-07-02: legacy

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.

Group structure

Barclay & Mathieson Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Barclay & Mathieson Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
AVON STEEL COMPANY LIMITED
This company · 01346397

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
Barclay & Mathieson Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control26/03/2018
3 historic (ceased) PSCs
  • Breal Capital (Avon) Limitedceased 26/03/2018· 75-100% shares · 75-100% voting · board control
  • Mr Simon Charles Parsonceased 22/11/2017· 25-50% shares
  • Mr Charles Patrick Hugo Parsonceased 22/11/2017· 25-50% shares

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
Incorporated1977-12-30
Jurisdictionengland-wales
Primary SIC46720 — SIC 46720

Registered office

Midsomer Norton Enterprise Park Wheelers Hill
Midsomer Norton
Bath
Somerset
BA3 2BB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-28
Last: 2025-08-14

Officers (2 active · 15 resigned)

GREENWOOD, Kyle Michael
director · ~39y · appointed 2023-03-15
View their other companies + combined net worth →
Active
NONAKA, Toshiki
director · ~37y · appointed 2022-10-04
View their other companies + combined net worth →
Active
PARSON, Simon
secretary · appointed 2005-03-23 · resigned 2019-10-11
Resigned
PARSON, Timothy Charles George
secretary · resigned 2004-08-14
Resigned
BRYANT, Julian Raymond
director · ~72y · resigned 2016-07-05
Resigned
BUSLEY, Michael
director · ~82y · appointed 2001-01-01 · resigned 2009-10-31
Resigned
FUJI, Eiichi
director · ~57y · appointed 2022-10-04 · resigned 2026-03-31
Resigned
GOLDSCHMIDT, John Christopher Dalglish
director · ~83y · appointed 1993-12-29 · resigned 2014-05-13
Resigned
HAY, William Neave
director · ~59y · appointed 2021-02-22 · resigned 2022-10-04
Resigned
JELLEY, Paul Alan
director · ~67y · appointed 2015-11-01 · resigned 2017-11-22
Resigned
PARSON, Charles Patrick Hugo
director · ~51y · appointed 2005-05-12 · resigned 2017-11-22
Resigned
PARSON, Simon
director · ~57y · appointed 2001-01-01 · resigned 2019-10-11
Resigned
PARSON, Timothy Charles George
director · ~85y · resigned 2004-08-14
Resigned
PARSON, Valerie
director · ~78y · resigned 1993-07-15
Resigned
ROBINSON, Ronald
director · ~80y · appointed 2017-11-22 · resigned 2022-10-04
Resigned
WALTON, Michael Desmond
director · ~62y · appointed 2017-11-22 · resigned 2023-03-15
Resigned
WELDEN, Michael Anthony
director · ~57y · appointed 2017-12-05 · resigned 2022-10-04
Resigned

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

Mortgages & charges

10
Total charges
0
Outstanding
0
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
satisfied
Secure Trust Bank
Secure Trust Bank PLC
A registered charge22/11/201724/11/2023
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property21/06/201727/12/2017
satisfied
HSBC
Hsbc Invoice Finance (UK) LTD
A registered charge17/05/201727/12/2017
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property21/11/201627/12/2017
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property24/08/200917/11/2017
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property24/08/200927/12/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property11/10/199416/08/2011
satisfied
Lloyds Banking Group
Tsb Bank PLC
Transfer deed1 property27/09/199316/08/2011
satisfied
Hill Samuel & Co
Hill Samuel & Co Limited
Debenture1 property14/07/198102/12/1994
satisfied
Barclays
Barclays Bank PLC
Debenture1 property25/03/198117/01/1992

Recent filings (178 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-10
accounts-with-accounts-type-small
accounts · AA
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-21
change-person-director-company-with-change-date
officers · CH01
2025-08-21
legacy
capital · SH20
2025-07-02
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-07-02
legacy
insolvency · CAP-SS
2025-07-02
resolution
resolution · RESOLUTIONS
2025-07-02
accounts-with-accounts-type-small
accounts · AA
2024-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-15
change-account-reference-date-company-current-extended
accounts · AA01
2024-02-19
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06
accounts-with-accounts-type-small
accounts · AA
2023-07-24
termination-director-company-with-name-termination-date
officers · TM01
2023-03-29