A.A.C. WATERPROOFING LIMITED
🌳Matureactive
02406740 · ltd · incorporated 1989-07-21
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 Dec 2024
Net worth
£91.1k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Roofing activities
Sector: Construction
Investor take
PursueActive trading company with a 85-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 85). Share purchase looks the cleaner deal structure. 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 (65/100).
🏦
Refinance opportunity
11 live charges · 7 lenders · oldest 35.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 35.9 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (74/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 9 with DOB)
88
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
132 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £91,066
Key financials
1 year extracted from filed iXBRL accountsCash
£4k
Net Worth
£91k
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 |
|---|---|
| Cash | £3.6k |
| Net assets | £91.1k |
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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
- 2025-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-02🔒Charge registered #11Lender: 4SYTE LTD
- 2025-05-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-13🔓Charge satisfied #10
- 2025-03-19📄memorandum-articlesincorporation · MA
- 2025-03-19📄resolutionresolution · RESOLUTIONS
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-03-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-03-13🔓Charge satisfied #8
- 2024-03-13🔓Charge satisfied #7
- 2024-01-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-05-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-06🔒Charge registered #10Lender: Seneca Trade Finance LTD
- 2022-08-15📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2021-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-10-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-10-01➕PORTER, Andrew John appointeddirector
- 2019-09-30➖BUNTING, Simon resigneddirector
- 2016-08-09🔓Charge satisfied #4
- 2016-07-26🔓Charge satisfied #9
- 2016-05-23🔒Charge registered #9Lender: Hsbc Bank PLC
- 2016-02-03➖GRANT, Michael Lewis resigneddirector
- 2015-11-16➖NEVIN, Martin James resigneddirector
- 2015-02-10🔓Charge satisfied #5
- 2014-11-21🔒Charge registered #8Lender: Barclays Bank PLC
- 2014-11-04🔒Charge registered #7Lender: Barclays Bank PLC
- 2014-10-09➕BUNTING, Simon appointeddirector
- 2014-10-09➕GRANT, Michael Lewis appointeddirector
- 2014-10-09➕NEVIN, Martin James appointeddirector
- 2013-08-02🔓Charge satisfied #6
- 2012-02-01➕JENKINS-HIBBERT, Laura appointeddirector
- 2011-08-15➖HIBBERT, Andrew James Kelvin resigneddirector
- 2011-06-06➖PARRY, Susan Isobel resignedsecretary
- 2011-06-06➖PARRY, Susan Isobel resigneddirector
- 2011-05-23🔒Charge registered #6Lender: Makers UK Limited
- 2009-04-02🔒Charge registered #5Lender: Lloyds Tsb Bank PLC
- 2009-03-02➕HIBBERT, Andrew James Kelvin appointeddirector
- 2007-03-30➖MUTLOW, Gavin Russell resigneddirector
- 2006-07-19🔓Charge satisfied #3
- 2006-07-19🔓Charge satisfied #2
- 2006-07-19🔓Charge satisfied #1
- 2005-03-01➕MUTLOW, Gavin Russell appointeddirector
- 2004-02-12🔒Charge registered #4Lender: Lloyds Tsb Bank PLC
Showing most recent 50 of 54 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Founder age: Director aged approximately 85 — succession pressure is live.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 37 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Laura Jenkins-Hibbert Individual · British · DOB 07/1979 · age 47 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Ieuan Wyn Parry Individual · British · DOB 07/1941 · age 85 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 1ST CHOICE DRY RISERS LTD→ 16785796 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 247 BUILDING SERVICES (NW) LIMITED→ 13352767 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| A C ELECTRICAL BOLTON LTD→ 08063267 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| A C T CONSTRUCTION (NORTH WEST) LIMITED→ 05831600 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| A.CALL PROPERTY MAINTENANCE LIMITED→ 09969505 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| AAAN BUILDERS LTD→ 15523763 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AAK FLOORING LIMITED→ 10020855 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| AB JOINERY AND MAINTENANCE LTD→ 15020887 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AB PRIME LTD→ 13357043 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ABACUS KITCHENS LTD→ 14679472 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ABBEYWAY COMMERCIAL LTD→ 08355944 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| ABCA ELECTRICAL SERVICES LIMITED→ 12134075 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated1989-07-21
Jurisdictionengland-wales
Primary SIC43910 — Roofing activities
Registered office
Carlyle House
78 Chorley New Road
Bolton
BL1 4BY
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-03
Last: 2026-01-20
Officers (3 active · 7 resigned)
JENKINS-HIBBERT, Laura→
Activedirector · ~47y · appointed 2012-02-01
View their other companies + combined net worth →
Active
PORTER, Andrew John→
Activedirector · ~61y · appointed 2019-10-01
View their other companies + combined net worth →
PARRY, Susan Isobel→
Resignedsecretary · resigned 2011-06-06
BUNTING, Simon→
Resigneddirector · ~57y · appointed 2014-10-09 · resigned 2019-09-30
GRANT, Michael Lewis→
Resigneddirector · ~40y · appointed 2014-10-09 · resigned 2016-02-03
HIBBERT, Andrew James Kelvin→
Resigneddirector · ~67y · appointed 2009-03-02 · resigned 2011-08-15
MUTLOW, Gavin Russell→
Resigneddirector · ~65y · appointed 2005-03-01 · resigned 2007-03-30
NEVIN, Martin James→
Resigneddirector · ~52y · appointed 2014-10-09 · resigned 2015-11-16
PARRY, Susan Isobel→
Resigneddirector · ~68y · resigned 2011-06-06
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
1
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | 4SYTE 4SYTE LTD | A registered charge | 1 property | 02/06/2025 | — | |
| satisfied | Seneca Trade Finance Seneca Trade Finance LTD | A registered charge | 3 properties | 06/02/2023 | 13/05/2025 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 23/05/2016 | 26/07/2016 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | 1 property | 21/11/2014 | 13/03/2024 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 04/11/2014 | 13/03/2024 | |
| satisfied | Makers UK Makers UK Limited | Debenture | 2 properties | 23/05/2011 | 02/08/2013 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 02/04/2009 | 10/02/2015 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage deed | 1 property | 12/02/2004 | 09/08/2016 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 07/02/1991 | 19/07/2006 | |
| satisfied | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 07/02/1991 | 19/07/2006 | |
| satisfied | The Welsh Development Agency | Legal charge | 1 property | 27/07/1990 | 19/07/2006 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (132 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-02
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-13
memorandum-articles
incorporation · MA
2025-03-19
resolution
resolution · RESOLUTIONS
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-13
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-27