ANDREWS AIR CONDITIONING AND REFRIGERATION LIMITED
🌳Matureactive
01535598 · ltd · incorporated 1980-12-18
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 33190
Sector: Manufacturing
ALSO REGISTERED FOR
- 43220Plumbing, heat and air-conditioning installation
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 72/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 59). Asset purchase likely safer than share purchase given structural signals. 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 (45/100).
🏦
Refinance opportunity
20 live charges · 4 lenders · oldest 40.1y
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 40.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
20 charges (20/20 with lender, 20/20 with type)
90
Directors & officers
21 officers (3 active, 21 linked, 17 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
221 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (97 events)Click to expand
- 2026-03-12📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-23📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-07-23📄legacyaccounts · PARENT_ACC
- 2025-07-23📄legacyother · GUARANTEE2
- 2025-07-23📄legacyother · AGREEMENT2
- 2025-05-16📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-05-16📄legacycapital · SH20
- 2025-05-16⚠️legacyinsolvency · CAP-SS
- 2025-05-16📄resolutionresolution · RESOLUTIONS
- 2024-10-07📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-10-07📄legacyaccounts · PARENT_ACC
- 2024-10-07📄legacyother · GUARANTEE2
- 2024-10-07📄legacyother · AGREEMENT2
- 2023-07-20📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-07-20📄legacyaccounts · PARENT_ACC
- 2023-07-20📄legacyother · AGREEMENT2
- 2023-07-20📄legacyother · GUARANTEE2
- 2023-05-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-07➕POOLE, Ian Stuart appointeddirector
- 2023-03-07➖PRICE, Keith David resigneddirector
- 2023-03-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-02-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-24🔓Charge satisfied #20
- 2021-06-25➕POOLE, Ian Stuart appointedsecretary
- 2021-06-24➖CALDERBANK, Mark James resignedsecretary
- 2021-01-27➕PRICE, Keith David appointeddirector
- 2021-01-27➖WOOD, Paul Thomas resigneddirector
- 2020-01-13➖PHILLIPS, Andrew William resigneddirector
- 2020-01-09➕WEBB, Carl David appointeddirector
- 2018-12-31➖HIMSWORTH, David resigneddirector
- 2015-05-05➕PHILLIPS, Andrew William appointeddirector
- 2015-01-07➕HIMSWORTH, David appointeddirector
- 2014-12-28➖FORD, Kevin Edward James resigneddirector
- 2006-10-17➖HARGREAVES, John Richard resigneddirector
- 2006-03-02➕WOOD, Paul Thomas appointeddirector
- 2006-03-01➖STEVENS, Robert John resigneddirector
- 2005-06-13➕FORD, Kevin Edward James appointeddirector
- 2005-06-13➖HAMILTON, Andrew Ian resigneddirector
- 2005-06-13➕HARGREAVES, John Richard appointeddirector
- 2002-12-27🔒Charge registered #20Lender: National Westminster Bank PLC
- 2002-02-28➖HALL, John Richard resigneddirector
- 2002-02-28➕HAMILTON, Andrew Ian appointeddirector
- 2001-12-31➖PRICE, Keith resigneddirector
- 2000-01-17➕STEVENS, Robert John appointeddirector
- 1999-10-13➕CALDERBANK, Mark James appointedsecretary
- 1999-10-05➖HARBRIDGE, Simon Richard resignedsecretary
- 1999-10-05➖HARBRIDGE, Simon Richard resigneddirector
- 1999-07-21➕PRICE, Keith appointeddirector
- 1999-07-09➖HOOK, Eric Ward resigneddirector
Showing most recent 50 of 97 events
Owner dependency
66/100
High — earn-out structure requiredMaterial 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 59 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 45 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
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-05-16: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Andrews Sykes Group Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Andrews Sykes Group Plc
Corporate parent · holds 75-100% shares · board control
⬇
ANDREWS AIR CONDITIONING AND REFRIGERATION LIMITED
This company · 01535598
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Andrews Sykes Group Plc Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/06/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| ALL STEEL FENCING NATIONWIDE LTD→ 13501702 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ALL STEEL FENCING SUPPLIES LTD→ 15996441 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALRIGHT ENGINEERING LIMITED→ 12460400 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ALSON ENGINEERING LIMITED→ 04864509 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ALT CNC MACHINE TOOL SERVICES LTD.→ 08383619 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| ALTOR CONSULTING LIMITED→ 12389434 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ALUCAST LIMITED→ 04881298 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ALUNA INTERIORS LIMITED→ 14242930 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AMW LIGHT ENGINEERING LTD→ 12514634 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ANCOL PET PRODUCTS LIMITED→ 01019480 · est 1971 · no financials extracted | — | — | — | — | 54y | — | — |
| ANDRITZ SCHULER PRESSES UK LIMITED→ 03834455 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| ANGLO METAL FORMING LIMITED→ 02535536 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
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
Incorporated1980-12-18
Jurisdictionengland-wales
Primary SIC33190 — SIC 33190
Registered office
Unit 601, Axcess 10 Business Park Bentley Road South
Wednesbury
WS10 8LQ
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-13
Last: 2025-08-30
Officers (3 active · 18 resigned)
Active
POOLE, Ian Stuart→
Activedirector · ~43y · appointed 2023-03-07
View their other companies + combined net worth →
WEBB, Carl David→
Activedirector · ~59y · appointed 2020-01-09
View their other companies + combined net worth →
CALDERBANK, Mark James→
Resignedsecretary · appointed 1999-10-13 · resigned 2021-06-24
HARBRIDGE, Simon Richard→
Resignedsecretary · appointed 1995-01-01 · resigned 1999-10-05
REIDY, Jeremiah Stephen→
Resignedsecretary · resigned 1994-12-30
FORD, Kevin Edward James→
Resigneddirector · ~68y · appointed 2005-06-13 · resigned 2014-12-28
HALL, John Richard→
Resigneddirector · ~81y · appointed 1995-10-26 · resigned 2002-02-28
HAMILTON, Andrew Ian→
Resigneddirector · ~63y · appointed 2002-02-28 · resigned 2005-06-13
HARBRIDGE, Simon Richard→
Resigneddirector · ~62y · appointed 1995-10-26 · resigned 1999-10-05
HARGREAVES, John Richard→
Resigneddirector · ~66y · appointed 2005-06-13 · resigned 2006-10-17
HIMSWORTH, David→
Resigneddirector · ~68y · appointed 2015-01-07 · resigned 2018-12-31
HOOK, Eric Ward→
Resigneddirector · ~73y · appointed 1994-05-31 · resigned 1999-07-09
MARTIN, David→
Resigneddirector · ~76y · appointed 1993-11-17 · resigned 1994-05-31
PHILLIPS, Andrew William→
Resigneddirector · ~63y · appointed 2015-05-05 · resigned 2020-01-13
PRICE, Keith David→
Resigneddirector · ~60y · appointed 2021-01-27 · resigned 2023-03-07
PRICE, Keith→
Resigneddirector · ~60y · appointed 1999-07-21 · resigned 2001-12-31
ROSS, Stuart→
Resigneddirector · ~70y · resigned 1994-05-31
STEVENS, Robert John→
Resigneddirector · ~81y · appointed 2000-01-17 · resigned 2006-03-01
WEBBER, Peter John→
Resigneddirector · ~78y · resigned 1993-09-24
Click a director name to see their full track record across all companies.
Mortgages & charges
20
Total charges
1
Outstanding
1
Active lenders
Status:Lender:20 of 20 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 27/12/2002 | 24/02/2023 | |
| satisfied | Midland Bank Midland Bank PLC | Legal mortgage | 2 properties | 14/10/1996 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal mortgage | 1 property | 06/03/1996 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal mortgage | 5 properties | 24/11/1995 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 11/11/1994 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 17/08/1992 | 05/06/1996 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 13/03/1992 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 10/03/1992 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 18/02/1992 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 18/02/1992 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 2 properties | 12/02/1992 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 12/02/1992 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 12/02/1992 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 31/01/1992 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Debenture | 1 property | 31/12/1991 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 27/04/1988 | 03/12/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 30/03/1988 | 13/04/1991 | |
| satisfied | Terrace Hill Terrace Hill Limited | Legal charge | 1 property | 02/11/1987 | 03/03/1992 | |
| satisfied | Terrace Hill Terrace Hill Limited | Legal charge | 1 property | 02/11/1987 | 14/03/1990 | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 01/05/1986 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (221 total)
change-person-director-company-with-change-date
officers · CH01
2026-03-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-01
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-07-23
legacy
accounts · PARENT_ACC
2025-07-23
legacy
other · GUARANTEE2
2025-07-23
legacy
other · AGREEMENT2
2025-07-23
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-05-16
legacy
capital · SH20
2025-05-16
legacy
insolvency · CAP-SS
2025-05-16
resolution
resolution · RESOLUTIONS
2025-05-16
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-10-07
legacy
accounts · PARENT_ACC
2024-10-07
legacy
other · GUARANTEE2
2024-10-07
legacy
other · AGREEMENT2
2024-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-30