AVONDALE HOLDINGS LIMITED
💤Zombieactive
02872909 · ltd · incorporated 1993-11-17
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
- · Lifecycle stage: mature → zombie
- · Investment thesis: well_run_hard_buy → zombie_hold
- · Opportunity score: 78 → 55
- · Hygiene score: 82 → 17
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "zombie"
What changed my view
Last 30 days
Picture worsened over the last 30 days — 7 negative signals vs 1 positive.
- ↓Lifecycle stage: mature → zombie
- ·Investment thesis: well_run_hard_buy → zombie_hold
- ↓Deal-killer verdict: clean → complicated
- ↓Opportunity score: 78 → 55
- ↓Hygiene score: 82 → 17
- +4 more
Last 90 days
Picture worsened over the last 90 days — 7 negative signals vs 1 positive.
- ↓Lifecycle stage: mature → zombie
- ·Investment thesis: unclassified → zombie_hold
- ↓Deal-killer verdict: clean → complicated
- ↓Opportunity score: 75 → 55
- ↓Hygiene score: 77 → 17
- +4 more
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
55/100
Worth a look
What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)Distressed admin-neglect survivor — structural issues outweigh the discount.
Opportunity 55/100 (worth a look), bankability 37/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
5 live charges · 5 lenders · oldest 32.0y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 32.0 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (59/100)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
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
18 officers (1 active, 18 linked, 10 with DOB)
81
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
166 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
4
filings
- • 3 persons-with-significant-control
- • 1 officers
Last 180 days
5
filings
- • 3 persons-with-significant-control
- • 1 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (62 events)Click to expand
- 2026-06-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-06-02➖MCFARLANE, Michelle resigneddirector
- 2026-06-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-06-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-06-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-30📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2026-01-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-06-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-07➖THOMSON, Carol resignedsecretary
- 2025-05-07➖THOMSON, Carol resigneddirector
- 2025-05-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-01-06📄accounts-with-accounts-type-fullaccounts · AA
- 2024-02-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-12📄accounts-with-accounts-type-fullaccounts · AA
- 2023-10-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-10-16🔓Charge satisfied #4
- 2023-01-07📄accounts-with-accounts-type-fullaccounts · AA
- 2022-08-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-08-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-11-08📄accounts-with-accounts-type-groupaccounts · AA
- 2021-06-30➕LEWSLEY, John Charles appointeddirector
- 2021-06-30➖TOWERS, Simon resigneddirector
- 2021-06-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-06-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-04-01➖MOLESWORTH, Michael John resigneddirector
- 2017-09-12➖SINCLAIR, Craig resignedsecretary
- 2017-09-12➕THOMSON, Carol appointedsecretary
- 2017-09-12➖COOPER, Derek resigneddirector
- 2017-09-12➖HOLT, John Michael resigneddirector
- 2017-09-12➕MCFARLANE, Michelle appointeddirector
- 2017-09-12➕THOMSON, Carol appointeddirector
- 2017-09-12➕TOWERS, Simon appointeddirector
- 2017-09-12➖LANDMEDIA JERSEY LIMITED resignedcorporate-director
- 2015-11-30➖BOETTCHER, Jean Marie resignedsecretary
- 2015-11-30➕SINCLAIR, Craig appointedsecretary
- 2015-06-11➕MOLESWORTH, Michael John appointeddirector
- 2009-11-24➖COOPER, Colin resigneddirector
- 2009-11-24➖COOPER, Mark Richard Charles resigneddirector
- 2009-11-24➖MAKEY, Andrew Colin resigneddirector
- 2009-11-24➕LANDMEDIA JERSEY LIMITED appointedcorporate-director
- 2009-05-14🔒Charge registered #5Lender: Hsbc Bank PLC
- 2009-05-14🔒Charge registered #4Lender: Shanks Waste Management Limited
- 2009-05-02🔓Charge satisfied #3
- 2009-03-01➕COOPER, Colin appointeddirector
- 2002-02-26🔒Charge registered #3Lender: The Scottish Ministers
- 2001-10-01➕MAKEY, Andrew Colin appointeddirector
- 2001-05-14➕COOPER, Mark Richard Charles appointeddirector
- 2000-12-11🔓Charge satisfied #1
- 1997-08-01➕BOETTCHER, Jean Marie appointedsecretary
- 1997-07-31➖MILLER, Jonathan Richard Paul resignedsecretary
Showing most recent 50 of 62 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 33 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-06-30
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-25
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Npl Waste Management Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Npl Waste Management Holdings Ltd
Corporate parent · holds 75-100% shares
⬇
AVONDALE HOLDINGS LIMITED
This company · 02872909
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 |
|---|---|---|---|---|
Npl Waste Management Holdings Ltd Corporate entity | 75–100% | — | 75-100% shares | 05/06/2026 |
4 historic (ceased) PSCs
- Npl Waste Management Holdings Ltdceased 02/06/2025· 75-100% shares
- Mr Robert Mcfarlaneceased 30/08/2025· significant influence
- Whitehead Restoration Ltdceased 06/07/2022· 75-100% shares · 75-100% voting · board control
- Mr Derek Cooperceased 14/09/2017· 25-50% shares · 25-50% 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 · M postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GP RUFARO SOLAR EQUITY POOL LIMITED→ 16705400 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GP RUFARO SOLAR HOLDINGS LIMITED→ 16704909 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HEYWOOD POWER LIMITED→ 12542296 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| HOUZE WASTE REMOVALS LTD→ 14942855 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| HYBRID FUTURE LTD→ 11191264 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| I.C.E. METALS LIMITED→ 14775126 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ICONA 6 LTD→ 13730756 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| IDEAL RECYCLING LIMITED→ 05838501 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| IDEAL SOLUTIONS (NORTH WEST) LTD→ 07996747 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| INFO REVOLUTION LIMITED→ 07357966 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| INGMANTHORPE ENERGY LIMITED→ 08681075 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| INOVE INTL LIMITED→ 06883369 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1993-11-17
Jurisdictionengland-wales
Primary SIC39000 — SIC 39000
Registered office
One
One St. Peters Square
Manchester
M2 3DE
England
Filing status
Accounts
Next due: 2026-06-30OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-07-25OVERDUE
Last: 2025-07-11
Officers (1 active · 17 resigned)
LEWSLEY, John Charles→
Activedirector · ~50y · appointed 2021-06-30
View their other companies + combined net worth →
BOETTCHER, Jean Marie→
Resignedsecretary · appointed 1997-08-01 · resigned 2015-11-30
CHEETHAM, Judith Margaret→
Resignedsecretary · appointed 1993-11-17 · resigned 1995-02-28
MILLER, Jonathan Richard Paul→
Resignedsecretary · appointed 1995-02-28 · resigned 1997-07-31
SINCLAIR, Craig→
Resignedsecretary · appointed 2015-11-30 · resigned 2017-09-12
THOMSON, Carol→
Resignedsecretary · appointed 2017-09-12 · resigned 2025-05-07
CO FORM (SECRETARIES) LIMITED→
Resignedcorporate-nominee-secretary · appointed 1993-11-17 · resigned 1993-11-17
COOPER, Colin→
Resigneddirector · ~73y · appointed 2009-03-01 · resigned 2009-11-24
COOPER, Derek→
Resigneddirector · ~78y · appointed 1993-11-17 · resigned 2017-09-12
COOPER, Mark Richard Charles→
Resigneddirector · ~52y · appointed 2001-05-14 · resigned 2009-11-24
HOLT, John Michael→
Resigneddirector · ~73y · appointed 1994-07-13 · resigned 2017-09-12
MAKEY, Andrew Colin→
Resigneddirector · ~61y · appointed 2001-10-01 · resigned 2009-11-24
MCFARLANE, Michelle→
Resigneddirector · ~58y · appointed 2017-09-12 · resigned 2026-06-02
MOLESWORTH, Michael John→
Resigneddirector · ~70y · appointed 2015-06-11 · resigned 2018-04-01
THOMSON, Carol→
Resigneddirector · ~55y · appointed 2017-09-12 · resigned 2025-05-07
TOWERS, Simon→
Resigneddirector · ~58y · appointed 2017-09-12 · resigned 2021-06-30
CO FORM (NOMINEES) LIMITED→
Resignedcorporate-nominee-director · appointed 1993-11-17 · resigned 1993-11-17
LANDMEDIA JERSEY LIMITED→
Resignedcorporate-director · appointed 2009-11-24 · resigned 2017-09-12
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Standard security | 1 property | 14/05/2009 | — | |
| satisfied | Shanks Waste Management Shanks Waste Management Limited | Debenture | 1 property | 14/05/2009 | 16/10/2023 | |
| satisfied | The Scottish Ministers | A standard security which was presented for registration in scotland on 15 july 2002 and | 1 property | 26/02/2002 | 02/05/2009 | |
| outstanding | Midland Bank Midland Bank PLC | Debenture | 1 property | 09/05/1997 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 13/07/1994 | 11/12/2000 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (166 total)
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-06-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-02
termination-director-company-with-name-termination-date
officers · TM01
2026-06-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-02
change-account-reference-date-company-current-shortened
accounts · AA01
2026-03-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-24
termination-director-company-with-name-termination-date
officers · TM01
2025-06-11
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-07
accounts-with-accounts-type-full
accounts · AA
2025-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-21
accounts-with-accounts-type-full
accounts · AA
2024-01-12
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-16
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-11