ASBESTOS FIRST LTD

🌳Matureactive

02285477 · ltd · incorporated 1988-08-09

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 14.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

—

book net assets

Opportunity

75/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 38120

Sector: Water supply & waste

ALSO REGISTERED FOR

39000SIC 39000

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 14.3y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 14.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

8 officers (2 active, 8 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

125 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red 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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Average employees	2	200

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (33 events)Click to expand

2026-01-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-09
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-11-09
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2020-07-06
📄
change-person-director-company-with-change-date
officers · CH01
2020-07-06
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-13
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-08-30
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-08-30
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2019-08-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-08-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-08-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-08-02
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2019-08-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-06-21
➕
RICHARDSON, James Alexander appointed
director
2019-06-21
➕
RICHARDSON, Jennie Catherine appointed
director
2019-06-21
➖
HALES, Deborah Joanne resigned
secretary
2019-06-21
➖
HALES, David Alan resigned
director
2019-06-21
➖
HALES, Deborah Joanne resigned
director
2019-03-21
🔓
Charge satisfied #1
2012-01-30
🔒
Charge registered #1
Lender: National Westminster Bank PLC
1999-02-01
➕
HALES, Deborah Joanne appointed
secretary
1999-02-01
➕
HALES, David Alan appointed
director
1999-02-01
➕
HALES, Deborah Joanne appointed
director
1999-01-31
➖
HALES, Joyce Margaret resigned
secretary
1999-01-31
➖
HALES, Alan George resigned
director
1999-01-31
➖
HALES, Joyce Margaret resigned
director
1988-08-09
🏢
Company incorporated
As ASBESTOS FIRST LTD

Owner dependency

66/100

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.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 38 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

Guardian Builders Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Guardian Builders Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

ASBESTOS FIRST LTD

This company · 02285477

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
Guardian Builders Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	20/06/2019

1 historic (ceased) PSC

Hales Holdings (Uk) Limitedceased 20/06/2019· 75-100% shares · 75-100% voting · board control

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

Active · Energy & utilities · EC postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
AVONMOUTH ADVANCED FUEL PLANT HOLDINGS LIMITED→ 17052457 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AVONMOUTH LAND HOLDINGS LIMITED→ 17056021 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AXPO UK LIMITED→ 06600942 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
BALTICARE LIMITED→ 03633560 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
BARKLEY WASTE REMOVAL LTD→ 16297417 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
BARLOCKHART MOOR WIND ENERGY (EXTENSION) LIMITED→ 07927223 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
BARLOCKHART MOOR WIND ENERGY LIMITED→ 05542301 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
BARNACRE SOLAR LIMITED→ 15093757 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BARTON CLOSE FARM SOLAR PARK LIMITED→ 08259687 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
BATTENS SOUTH SOLAR LIMITED→ 15666500 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BB2 WIND FARM LIMITED→ 12280775 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
BEAVOR GRANGE SOLAR LIMITED→ 14076259 · est 2022 · no financials extracted	—	—	—	—	3y	—	—

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

Incorporated1988-08-09

Jurisdictionengland-wales

Primary SIC38120 — SIC 38120

Registered office

2nd Floor Regis House

45 King William Street

London

EC4R 9AN

United Kingdom

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-06-20

Last: 2025-06-06

Officers (2 active · 6 resigned)

RICHARDSON, James Alexander→

director · ~55y · appointed 2019-06-21

View their other companies + combined net worth →

Active

RICHARDSON, Jennie Catherine→

director · ~50y · appointed 2019-06-21

View their other companies + combined net worth →

Active

HALES, Deborah Joanne→

secretary · appointed 1999-02-01 · resigned 2019-06-21

Resigned

HALES, Joyce Margaret→

secretary · resigned 1999-01-31

Resigned

HALES, Alan George→

director · ~89y · resigned 1999-01-31

Resigned

HALES, David Alan→

director · ~64y · appointed 1999-02-01 · resigned 2019-06-21

Resigned

HALES, Deborah Joanne→

director · ~56y · appointed 1999-02-01 · resigned 2019-06-21

Resigned

HALES, Joyce Margaret→

director · ~90y · resigned 1999-01-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	National Westminster Bank National Westminster Bank PLC	Debenture	1 property	30/01/2012	21/03/2019