ASNU CORPORATION EUROPE LIMITED

🌳Matureactive

03322002 · ltd · incorporated 1997-02-21

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 Mar 2025

Net worth

£1.13M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 26511

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 26.1y

35/100

too messy

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

· Oldest live charge is 26.1 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 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

4 connected companies via shared directors

Filing history

88 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.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £1,128,781

Cash YoY

+132%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£410k

↑ 132% YoY

Net Worth

£1.1m

↑ 16% YoY

Current Assets

£1.7m

↑ 12% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£1.21M	£1.11M
Current assets	£1.67M	£1.49M
Cash	£410.2k	£176.7k
Net assets	£1.13M	£973.2k

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

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2025-09-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-13
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-13
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-13
📄
change-person-secretary-company-with-change-date
officers · CH03
2022-12-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-25
➕
HERBERT, Melissa appointed
director
2022-01-25
➕
HERBERT, Tony appointed
director
2022-01-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-01-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-11-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-27
📄
change-person-director-company-with-change-date
officers · CH01
2017-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2008-11-19
🔓
Charge satisfied #2
2008-11-19
🔓
Charge satisfied #1
2007-03-26
🔒
Charge registered #4
Lender: Hsbc Bank PLC
2005-02-03
🔒
Charge registered #3
Lender: Hsbc Bank PLC
2000-10-12
🔒
Charge registered #2
Lender: Rj Martin, We Beadles, Rgtw Fiennes, Aj Miles, Mr Hauxwell and Mj Haynes
2000-04-28
➕
ELLISDON, Lorraine appointed
director
2000-04-28
➖
SKOVRON, Michael resigned
director
2000-04-28
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1997-02-21
🏢
Company incorporated
As ASNU CORPORATION EUROPE LIMITED
1997-02-21
➕
ELLISDON, Philip James appointed
secretary
1997-02-21
➕
ELLISDON, Philip James appointed
director
1997-02-21
➕
WATERLOW SECRETARIES LIMITED appointed
corporate-nominee-secretary
1997-02-21
➖
WATERLOW SECRETARIES LIMITED resigned
corporate-nominee-secretary
1997-02-21
➕
SKOVRON, Michael appointed
director
1997-02-21
➕
WATERLOW NOMINEES LIMITED appointed
corporate-nominee-director
1997-02-21
➖
WATERLOW NOMINEES 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

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — 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 74 years old. Natural succession window is now.
primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 29 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

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Phillip James Ellisdon Individual · British · DOB 08/1952 · age 74	75–100%	—	75-100% shares	19/02/2017

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.

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Company details

Statusactive

Typeltd

Incorporated1997-02-21

Jurisdictionengland-wales

Primary SIC26511 — SIC 26511

Registered office

23 Porters Wood

St Albans

Hertfordshire

AL3 6PQ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-07

Last: 2026-02-21