A.H. SPARES LIMITED

🌳Matureactive
01549773 · ltd · incorporated 1981-03-10
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
—
year to Mar 2025
Net worth
£3.30M
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45310SIC 45310
  • 45320Retail trade of motor vehicle parts and accessories
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -33% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 40.9y

30/100
under pressure

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

  • · Oldest live charge is 40.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 8 with DOB)
86
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
129 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
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 £3,303,758
Cash YoY
-33%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£457k
↓ 33% YoY
Net Worth
£3.3m
↑ 7.1% YoY
Current Assets
£3.3m
↑ 4.5% YoY
Current Liabilities
—
£0£661k£1.3m£2.0m£2.6m£3.3mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£3.31M£3.10M
Current assets£3.25M£3.11M
Cash£457.3k£680.5k
Debtors£680.7k£410.2k
Net assets£3.30M£3.08M

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
0
filings
Last 90 days
2
filings
  • • 2 officers
Last 180 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-04-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-04-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-08-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2023-08-30
    🔓
    Charge satisfied #4
  8. 2023-02-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2022-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-07-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-07-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2022-07-07
    ➕
    HILL, Cassandra appointed
    director
  13. 2022-07-07
    ➕
    LEE, John appointed
    director
  14. 2021-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-02-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-09-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2020-09-23
    🔒
    Charge registered #4
    Lender: Lloyds Bank PLC
  18. 2020-09-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2020-09-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2020-09-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2019-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2013-08-06
    ➖
    HILL, Janet Isobel resigned
    secretary
  23. 2013-03-27
    ➕
    KEMSLEY, Rebecca Anne appointed
    director
  24. 2013-03-27
    ➖
    HILL, Janet Isobel resigned
    director
  25. 2013-03-27
    ➖
    HILL, Robert Frank resigned
    director
  26. 2007-06-25
    ➕
    HILL, Jonathan David appointed
    director
  27. 2006-03-30
    ➖
    BARTON, Gordon Anthony resigned
    secretary
  28. 2006-03-30
    ➕
    HILL, Janet Isobel appointed
    secretary
  29. 2006-03-30
    ➖
    BARTON, Gordon Anthony resigned
    director
  30. 2002-04-12
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Bank PLC
  31. 2000-03-31
    ➖
    MOULDER, Paul John resigned
    director
  32. 1996-01-18
    🔓
    Charge satisfied #2
  33. 1996-01-18
    🔓
    Charge satisfied #1
  34. 1986-03-04
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  35. 1985-07-24
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  36. 1981-03-10
    🏢
    Company incorporated
    As A.H. SPARES 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 19 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

53/100
Moderate signal

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

SIGNALS
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 45 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Harbury (Holding) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Harbury (Holding) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
A.H. SPARES LIMITED
This company · 01549773

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
Harbury (Holding) Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

6 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
Incorporated1981-03-10
Jurisdictionengland-wales
Primary SIC45112 — SIC 45112

Registered office

3 & 4 Pegasus House, Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-25
Last: 2026-02-11

Officers (4 active · 6 resigned)

HILL, Cassandra→
director · ~49y · appointed 2022-07-07
View their other companies + combined net worth →
Active
HILL, Jonathan David→
director · ~48y · appointed 2007-06-25
View their other companies + combined net worth →
Active
KEMSLEY, Rebecca Anne→
director · ~45y · appointed 2013-03-27
View their other companies + combined net worth →
Active
LEE, John→
director · ~55y · appointed 2022-07-07
View their other companies + combined net worth →
Active
BARTON, Gordon Anthony→
secretary · resigned 2006-03-30
Resigned
HILL, Janet Isobel→
secretary · appointed 2006-03-30 · resigned 2013-08-06
Resigned
BARTON, Gordon Anthony→
director · ~87y · resigned 2006-03-30
Resigned
HILL, Janet Isobel→
director · ~79y · resigned 2013-03-27
Resigned
HILL, Robert Frank→
director · ~80y · resigned 2013-03-27
Resigned
MOULDER, Paul John→
director · ~82y · resigned 2000-03-31
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property23/09/202030/08/2023
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage deed2 properties12/04/2002—
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Legal charge1 property04/03/198618/01/1996
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Legal charge1 property24/07/198518/01/1996
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (129 total)

change-person-director-company-with-change-date
officers · CH01
2026-04-16
change-person-director-company-with-change-date
officers · CH01
2026-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
appoint-person-director-company-with-name-date
officers · AP01
2022-07-12
appoint-person-director-company-with-name-date
officers · AP01
2022-07-12
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-15