A & B CARPENTRY & CONSTRUCTION LIMITED

🌳Matureactive
03424517 · ltd · incorporated 1997-08-26
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£203.2k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other construction installation
Sector: Construction
ALSO REGISTERED FOR
  • 43320Joinery installation
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -89% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 27.8y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 27.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (78/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
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 £203,187
Net assets shrinking
Down £41,357 YoY
Cash draining
Cash down 89% YoY
Cash YoY
-89%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£18k
↓ 89% YoY
Net Worth
£203k
↓ 17% YoY
Current Assets
£253k
↓ 26% YoY
Current Liabilities
—
£0£68k£136k£204k£272k£340kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Total assets£228.7k£293.6k
Current assets£252.8k£340.4k
Cash£17.9k£158.0k
Debtors£233.9k£181.5k
Net assets£203.2k£244.5k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-07-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-07-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-07-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-09-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-09-01
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2015-09-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2015-08-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2004-05-24
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  17. 1998-08-10
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  18. 1997-09-25
    ➕
    WATHAN, Anthony Craig appointed
    secretary
  19. 1997-09-25
    ➕
    HITCHINGS, Derek Neil appointed
    director
  20. 1997-09-25
    ➕
    WATHAN, Anthony Craig appointed
    director
  21. 1997-09-25
    ➖
    BRITANNIA COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-secretary
  22. 1997-09-25
    ➖
    DEANSGATE COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-director
  23. 1997-08-26
    🏢
    Company incorporated
    As A & B CARPENTRY & CONSTRUCTION LIMITED
  24. 1997-08-26
    ➕
    BRITANNIA COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-secretary
  25. 1997-08-26
    ➕
    DEANSGATE COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Derek Neil Hitchings
Individual · British · DOB 10/1963 · age 63
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence26/08/2016
Mr Anthony Craig Wathan
Individual · British · DOB 02/1972 · age 54
——sig. influencesignificant influence26/08/2016

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

6 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
Incorporated1997-08-26
Jurisdictionengland-wales
Primary SIC43290 — Other construction installation

Registered office

22 Gelliwastad Road
Pontypridd
Mid Glamorgan
CF37 2BW

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-05-28
Last: 2025-05-14

Officers (3 active · 2 resigned)

WATHAN, Anthony Craig→
secretary · appointed 1997-09-25
View their other companies + combined net worth →
Active
HITCHINGS, Derek Neil→
director · ~63y · appointed 1997-09-25
View their other companies + combined net worth →
Active
WATHAN, Anthony Craig→
director · ~54y · appointed 1997-09-25
View their other companies + combined net worth →
Active
BRITANNIA COMPANY FORMATIONS LIMITED→
corporate-nominee-secretary · appointed 1997-08-26 · resigned 1997-09-25
Resigned
DEANSGATE COMPANY FORMATIONS LIMITED→
corporate-nominee-director · appointed 1997-08-26 · resigned 1997-09-25
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
Legal mortgage1 property24/05/2004—
outstanding
Midland Bank
Midland Bank PLC
Debenture1 property10/08/1998—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-17