ABLE WATERPROOFING LIMITED

🌳Matureactive
02964896 · ltd · incorporated 1994-09-05
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 30.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Roofing activities
Sector: Construction
Investor take
Pursue
Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (93/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 30.3y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 30.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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
—
£0£59k£118k£176k£235k£294kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Total assets—£907.8k
Current assets—£294.1k
Cash—£56.4k
Debtors—£86.4k
Net assets—£55.2k
Average employees400—

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

🔒Filing-note intelligence

3 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
3
filings
  • • 3 officers
Last 90 days
3
filings
  • • 3 officers
Last 180 days
3
filings
  • • 3 officers
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-07-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-07-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-07-10
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2025-11-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-10-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-10-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2025-10-17
    🔓
    Charge satisfied #3
  9. 2025-10-17
    🔓
    Charge satisfied #2
  10. 2025-10-16
    ➖
    CHENEY, Jerome resigned
    director
  11. 2024-11-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  12. 2024-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-11-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2021-11-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2021-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-03-01
    ➕
    CHENEY, Jerome appointed
    director
  22. 2007-11-23
    ➕
    FOSTER, Simon appointed
    director
  23. 2007-02-22
    ➖
    HOLMAN, John Derek resigned
    director
  24. 2002-02-28
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  25. 2001-05-31
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  26. 1996-04-03
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  27. 1994-09-05
    🏢
    Company incorporated
    As ABLE WATERPROOFING LIMITED
  28. 1994-09-05
    ➕
    FOSTER, James Henry appointed
    secretary
  29. 1994-09-05
    ➕
    FOSTER, James Henry appointed
    director
  30. 1994-09-05
    ➕
    SPENCER COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-secretary
  31. 1994-09-05
    ➕
    SPENCER COMPANY FORMATIONS (DELAWARE) INC appointed
    corporate-nominee-director
  32. 1994-09-05
    ➕
    SPENCER COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-director
  33. 1994-08-30
    ➖
    SPENCER COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-secretary
  34. 1994-08-30
    ➕
    HOLMAN, John Derek appointed
    director
  35. 1994-08-30
    ➖
    SPENCER COMPANY FORMATIONS (DELAWARE) INC resigned
    corporate-nominee-director
  36. 1994-08-30
    ➖
    SPENCER COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 78 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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.)

Group structure

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

🏛️
Fosprop Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ABLE WATERPROOFING LIMITED
This company · 02964896

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%
NameSharesVoting rightsNature of controlNotified
Fosprop Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting15/11/2021
1 historic (ceased) PSC
  • Mr James Henry Fosterceased 15/11/2021· 25-50% shares

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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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
Incorporated1994-09-05
Jurisdictionengland-wales
Primary SIC43910 — Roofing activities

Registered office

3a Mitcham Road
Croydon
Surrey
CR0 3RU

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-22
Last: 2025-11-08

Officers (3 active · 5 resigned)

FOSTER, James Henry→
secretary · appointed 1994-09-05
View their other companies + combined net worth →
Active
FOSTER, James Henry→
director · ~78y · appointed 1994-09-05
View their other companies + combined net worth →
Active
FOSTER, Simon→
director · ~60y · appointed 2007-11-23
View their other companies + combined net worth →
Active
SPENCER COMPANY FORMATIONS LIMITED→
corporate-nominee-secretary · appointed 1994-09-05 · resigned 1994-08-30
Resigned
CHENEY, Jerome→
director · ~69y · appointed 2017-03-01 · resigned 2025-10-16
Resigned
HOLMAN, John Derek→
director · ~71y · appointed 1994-08-30 · resigned 2007-02-22
Resigned
SPENCER COMPANY FORMATIONS (DELAWARE) INC→
corporate-nominee-director · appointed 1994-09-05 · resigned 1994-08-30
Resigned
SPENCER COMPANY FORMATIONS LIMITED→
corporate-nominee-director · appointed 1994-09-05 · resigned 1994-08-30
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property28/02/200217/10/2025
satisfied
National Westminster Bank
National Westminster Bank PLC
Charge over credit balances1 property31/05/200117/10/2025
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property03/04/1996—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (92 total)

change-person-director-company-with-change-date
officers · CH01
2026-07-10
change-person-director-company-with-change-date
officers · CH01
2026-07-10
change-person-secretary-company-with-change-date
officers · CH03
2026-07-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-24
termination-director-company-with-name-termination-date
officers · TM01
2025-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-08