ANDOVER FORK TRUCK SERVICES LIMITED

🌳Matureactive

02882425 · ltd · incorporated 1993-12-20

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 13.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£3.32M

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 45190

Sector: Wholesale & retail

ALSO REGISTERED FOR

77110Renting and leasing of cars and light motor vehicles
77310Renting and leasing of agricultural machinery and equipment

Investor take

Pursue

Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 13.2y

85/100

ready

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

· Oldest live charge is 13.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 3 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 (5 active, 8 linked, 5 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

104 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £3,316,692

Net assets shrinking

Down £67,361 YoY

Cash YoY

+23%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1.9m

↑ 23% YoY

Net Worth

£3.3m

↓ 2.0% YoY

Current Assets

£2.4m

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£5.16M	£4.49M
Current assets	£2.39M	£2.42M
Cash	£1.85M	£1.50M
Debtors	£514.6k	£887.9k
Net assets	£3.32M	£3.38M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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

filings

Counts from Companies House filing history.

Corporate timeline (31 events)Click to expand

2025-11-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-10
📄
capital-name-of-class-of-shares
capital · SH08
2025-11-10
📄
resolution
resolution · RESOLUTIONS
2025-11-10
📄
memorandum-articles
incorporation · MA
2025-11-10
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-08-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-12-17
📄
change-person-director-company-with-change-date
officers · CH01
2019-12-17
📄
change-person-director-company-with-change-date
officers · CH01
2019-12-17
📄
change-person-director-company-with-change-date
officers · CH01
2019-12-17
📄
change-person-director-company-with-change-date
officers · CH01
2019-12-17
📄
change-person-secretary-company-with-change-date
officers · CH03
2019-08-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2013-04-05
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2000-11-02
➖
SMITH, Kevin Peter resigned
director
1999-12-08
➕
CLAPCOTT, John Edward appointed
director
1999-12-08
➕
CLAPCOTT, Lee appointed
director
1994-01-05
➕
CLAPCOTT, Edward Joseph appointed
secretary
1994-01-05
➕
CLAPCOTT, Dawn Belinda appointed
director
1994-01-05
➕
CLAPCOTT, Edward Joseph appointed
director
1994-01-05
➖
SWIFT INCORPORATIONS LIMITED resigned
corporate-nominee-secretary
1994-01-05
➕
SMITH, Kevin Peter appointed
director
1994-01-05
➖
INSTANT COMPANIES LIMITED resigned
corporate-nominee-director
1993-12-20
🏢
Company incorporated
As ANDOVER FORK TRUCK SERVICES LIMITED
1993-12-20
➕
SWIFT INCORPORATIONS LIMITED appointed
corporate-nominee-secretary
1993-12-20
➕
INSTANT COMPANIES LIMITED appointed
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

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 71 years old. Natural succession window is now.
primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 32 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Edward Joseph Clapcott Individual · British · DOB 05/1955 · age 71	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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A 36 MC LTD→ 14895088 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
A AND J VEHICLE SERVICES LIMITED→ 14048469 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
A G CARS LARKHILL LIMITED→ 08543093 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
A.J. REYNOLDS TRUCK SERVICES LTD→ 03649346 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
A.J. WATERS SALISBURY LTD→ 04352045 · est 2002 · no financials extracted	—	—	—	—	24y	—	—
AJS MOTORCYCLES LIMITED→ 01409055 · est 1979 · no financials extracted	—	—	—	—	47y	—	—
ALTX CARS LTD→ 15839038 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AMPORT AND DISTRICT COACHES LIMITED→ 03315320 · est 1997 · no financials extracted	—	—	—	—	29y	—	—
ANDOVER CAR PARTS LTD→ 16718232 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ANDOVER CAR SERVICE LIMITED→ 05855946 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
ANDOVER CLASSIC MOTORCYCLE (WORKSHOP) LTD→ 03416102 · est 1997 · no financials extracted	—	—	—	—	28y	—	—
ANDOVER MOTORCYCLES LIMITED→ 13981403 · est 2022 · no financials extracted	—	—	—	—	4y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1993-12-20

Jurisdictionengland-wales

Primary SIC45190 — SIC 45190

Registered office

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-11-28

Last: 2025-11-14