ASTOR-BANNERMAN (MEDICAL) LIMITED

🌳Matureactive

02849299 · ltd · incorporated 1993-08-31

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

80/100

Exceptional

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What this business does

Primary activity: SIC 28990

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 86-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 86). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 6 lenders · oldest 29.9y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 29.9 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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

No iXBRL financials extracted

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

12 officers (7 active, 12 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

12 connected companies via shared directors

Filing history

126 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

2025-09-24
📄
accounts-with-accounts-type-full
accounts · AA
2025-03-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-21
🔒
Charge registered #7
Lender: Hsbc UK Bank PLC
2025-01-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-23
🔒
Charge registered #6
Lender: Hsbc UK Bank PLC
2024-10-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-20
🔓
Charge satisfied #5
2024-09-11
📄
accounts-with-accounts-type-small
accounts · AA
2024-08-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-08-01
➕
COURT-RICOUR, Richard Austin appointed
director
2023-09-12
📄
accounts-with-accounts-type-small
accounts · AA
2022-09-20
📄
accounts-with-accounts-type-full
accounts · AA
2022-08-03
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-31
➖
STUART SMITH, James Bruce Philip Charles resigned
secretary
2021-09-27
📄
accounts-with-accounts-type-group
accounts · AA
2021-07-30
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-07-30
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-07-30
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-07-30
📄
mortgage-charge-part-both-with-charge-number
mortgage · MR05
2020-10-09
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-08
📄
accounts-with-accounts-type-group
accounts · AA
2020-06-23
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2020-06-23
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-02-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-02-07
➕
COLEBROOK, Mark Anthony appointed
director
2016-03-21
➕
KWOK, Alexander Russell Weyland appointed
director
2014-01-30
🔒
Charge registered #5
Lender: Lloyds Bank PLC
2013-10-18
🔓
Charge satisfied #4
2012-11-19
🔒
Charge registered #4
Lender: Viafort Pte Limited
2011-10-06
🔓
Charge satisfied #3
2009-12-14
🔓
Charge satisfied #2
2009-12-04
➕
KILGARRIFF, Anthony Colin appointed
director
2007-05-01
🔒
Charge registered #3
Lender: Barclays Bank PLC
2006-10-25
🔓
Charge satisfied #1
2004-09-10
🔒
Charge registered #2
Lender: The Royal Bank of Scotland Commercial Services Limited (Security Holder)
2000-12-23
➕
DEVERSON, Peter Gerald Wake appointed
director
2000-05-19
➖
SCOTT, Robin Anthony resigned
director
1997-11-06
➕
SCOTT, Robin Anthony appointed
director
1997-10-24
➖
REID, Edward Thomas resigned
director
1996-09-19
🔒
Charge registered #1
Lender: Dragon Fair Trading Limited
1996-01-30
➕
KWOK, Ken Doh, Dr appointed
director
1993-08-31
🏢
Company incorporated
As ASTOR-BANNERMAN (MEDICAL) LIMITED
1993-08-31
➕
STUART SMITH, James Bruce Philip Charles appointed
director
1993-08-31
➕
STUART SMITH, James Bruce Philip Charles appointed
secretary
1993-08-31
➕
CORPORATE ADMINISTRATION SECRETARIES LIMITED appointed
corporate-nominee-secretary
1993-08-31
➖
CORPORATE ADMINISTRATION SECRETARIES LIMITED resigned
corporate-nominee-secretary
1993-08-31
➕
REID, Edward Thomas appointed
director
1993-08-31
➕
CORPORATE ADMINISTRATION SERVICES LIMITED appointed
corporate-nominee-director
1993-08-31
➖
CORPORATE ADMINISTRATION SERVICES LIMITED resigned
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 86 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 86 years old. Natural succession window is now.
primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
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

Astor-Bannerman Management Topco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Astor-Bannerman Management Topco Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ASTOR-BANNERMAN (MEDICAL) LIMITED

This company · 02849299

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
Astor-Bannerman Management Topco Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	14/06/2021

3 historic (ceased) PSCs

Vistra Trust Singapore Pte Limitedceased 14/06/2021· 25-50% shares · 25-50% voting
Mr James Bruce Philip Charles Stuart-Smithceased 14/06/2021· 25-50% shares · 25-50% voting
Rothschild & Coceased 24/05/2019· 25-50% shares · 25-50% voting

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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ARRANGE SPACES LTD→ 12266521 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ASC DESIGN AND PROCUREMENT LIMITED→ 11336119 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ASGUK (SYSTEMS) LIMITED→ 04601991 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
ASIAN PRODUCTS & SERVICES LTD→ 12332738 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ATLANTIC COAST STUDIOS LTD→ 04799960 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
AUGER TORQUE EUROPE LIMITED→ 03537549 · est 1998 · no financials extracted	—	—	—	—	28y	—	—
AUSTIN COMMUNICATIONS LTD→ 05887647 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
AUTO BOATS LIMITED→ 13070189 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
AUTO PRECISION ENGINEERING LIMITED→ 10415928 · est 2016 · no financials extracted	—	—	—	—	9y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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.

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Company details

Statusactive

Typeltd

Incorporated1993-08-31

Jurisdictionengland-wales

Primary SIC28990 — SIC 28990

Registered office

The Elephant Works Andoversford Link

Andoversford

Cheltenham

Gloucestershire

GL54 4LB

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-11-05

Last: 2025-10-22