ABLE HYDRAULICS LIMITED

🌳Matureactive
01593258 · ltd · incorporated 1981-10-26
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 Feb 2025
Net worth
£587.8k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 51). Share purchase looks the cleaner deal structure. 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 (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 44.2y

15/100
under pressure

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

  • · Oldest live charge is 44.2 years old — likely at or near maturity.
  • · 3 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
128 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
77
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 £587,756
Cash draining
Cash down 41% YoY
Cash YoY
-41%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£80k
↓ 41% YoY
Net Worth
£588k
~ YoY
Current Assets
£1.1m
↓ 5.2% YoY
Current Liabilities
—
£0£231k£462k£692k£923k£1.2mFeb 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£624.7k£621.4k
Current assets£1.09M£1.15M
Cash£80.2k£135.9k
Debtors£948.3k£952.6k
Net assets£587.8k£584.6k

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-13
    📄
    memorandum-articles
    incorporation · MA
  3. 2025-08-13
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2025-08-13
    📄
    statement-of-companys-objects
    change-of-constitution · CC04
  5. 2025-08-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2025-08-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-07-31
    ➕
    PHELAN, Nicola Dawn appointed
    director
  8. 2025-07-31
    ➖
    ROBINSON, Samuel resigned
    director
  9. 2024-07-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2024-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-10-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-04-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-04-12
    🔓
    Charge satisfied #2
  15. 2021-08-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-07-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-06-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-02-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-12-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2020-07-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2019-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2013-10-30
    ➖
    THOMPSON, Stephen Warwick resigned
    secretary
  24. 2013-10-30
    ➖
    GAWTHORPE, Robert John resigned
    director
  25. 2013-10-30
    ➖
    THOMPSON, Stephen Warwick resigned
    director
  26. 2013-10-30
    🔒
    Charge registered #3
    Lender: Close Brothers Limited (The Security Trustee)
  27. 2009-06-01
    ➕
    PHELAN, Robert appointed
    director
  28. 2009-06-01
    ➖
    DAVISON, John Allan resigned
    director
  29. 2009-06-01
    ➕
    ROBINSON, Samuel appointed
    director
  30. 1999-12-01
    ➕
    GAWTHORPE, Robert John appointed
    director
  31. 1993-03-27
    🔓
    Charge satisfied #1
  32. 1993-03-08
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  33. 1982-03-19
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  34. 1981-10-26
    🏢
    Company incorporated
    As ABLE HYDRAULICS LIMITED

Owner dependency

76/100
High — earn-out structure required

Material 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.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

49/100
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.
  • secondary12+ year tenure: Director in role 17 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
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

Able Hydraulics Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Able Hydraulics Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ABLE HYDRAULICS LIMITED
This company · 01593258

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
Able Hydraulics Holdings Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control · firm interest01/06/2016

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 →

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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
Incorporated1981-10-26
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

2 Station View
Hazel Grove
Stockport
SK7 5ER
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-06-14
Last: 2025-05-31

Officers (2 active · 5 resigned)

PHELAN, Nicola Dawn→
director · ~49y · appointed 2025-07-31
View their other companies + combined net worth →
Active
PHELAN, Robert→
director · ~51y · appointed 2009-06-01
View their other companies + combined net worth →
Active
THOMPSON, Stephen Warwick→
secretary · resigned 2013-10-30
Resigned
DAVISON, John Allan→
director · ~79y · resigned 2009-06-01
Resigned
GAWTHORPE, Robert John→
director · ~63y · appointed 1999-12-01 · resigned 2013-10-30
Resigned
ROBINSON, Samuel→
director · ~52y · appointed 2009-06-01 · resigned 2025-07-31
Resigned
THOMPSON, Stephen Warwick→
director · ~74y · resigned 2013-10-30
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Close Brothers
Close Brothers Limited (The Security Trustee)
A registered charge1 property30/10/2013—
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property08/03/199312/04/2022
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property19/03/198227/03/1993
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (128 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
memorandum-articles
incorporation · MA
2025-08-13
resolution
resolution · RESOLUTIONS
2025-08-13
statement-of-companys-objects
change-of-constitution · CC04
2025-08-13
appoint-person-director-company-with-name-date
officers · AP01
2025-08-11
termination-director-company-with-name-termination-date
officers · TM01
2025-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-08
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-12