ASC METALS LINCOLN LIMITED
🌳Matureactive
03443750 · ltd · incorporated 1997-10-02
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 Dec 2025
Net worth
£3.71M
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
6 live charges · 6 lenders · oldest 28.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 28.4 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)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
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 5 with DOB)
80
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
111 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £3,714,724
Net assets shrinking
Down £2,139,605 YoY
Cash draining
Cash down 80% YoY
Cash YoY
-80%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£573k
↓ 80% YoY
Net Worth
£3.7m
↓ 37% YoY
Current Assets
£5.1m
↓ 32% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total assets | £3.92M | £6.15M |
| Current assets | £5.07M | £7.41M |
| Cash | £572.6k | £2.93M |
| Debtors | £1.59M | £1.37M |
| Net assets | £3.71M | £5.85M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
4
filings
- • 3 officers
- • 1 accounts
Last 180 days
4
filings
- • 3 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
- 2026-06-19📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-06-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-06-08➕WEBSTER, Christopher James appointeddirector
- 2026-06-08➖BUTLIN, Nikki Jo resignedsecretary
- 2026-06-08➖BUTLIN, Nikki Jo resigneddirector
- 2026-06-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-18📄resolutionresolution · RESOLUTIONS
- 2025-11-18📄memorandum-articlesincorporation · MA
- 2025-10-31📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-31📄capital-allotment-sharescapital · SH01
- 2025-10-31📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-29🔒Charge registered #6Lender: Richard Anthony Hoole
- 2025-10-22📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-18📄accounts-with-accounts-type-mediumaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2023-09-21📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-07📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-06📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-04-29➖BURCHETT, Paul resignedsecretary
- 2022-04-29➖BURCHETT, Paul resigneddirector
- 2022-04-29📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-04-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-14➕BUTLIN, Nikki Jo appointedsecretary
- 2022-03-14➕BUTLIN, Nikki Jo appointeddirector
- 2022-01-26🔒Charge registered #5Lender: Rbs Invoice Finance LTD
- 2022-01-06🔓Charge satisfied #3
- 2021-07-28➖HOOLE, Anthony Baron Wilson resigneddirector
- 2020-06-22➕BURCHETT, Paul appointedsecretary
- 2020-06-22➖HOOLE, Anthony Baron Wilson resignedsecretary
- 2018-05-01➕BURCHETT, Paul appointeddirector
- 2017-01-20🔒Charge registered #4Lender: Svenska Handelsbanken Ab (Publ)
- 2017-01-18🔓Charge satisfied #1
- 2014-07-16🔓Charge satisfied #2
- 2014-07-08🔒Charge registered #3Lender: Asc Lincoln Retirement Benefit Scheme
- 2009-09-03🔒Charge registered #2Lender: Richard Anthony Hoole and Victoria Ann Hoole Trustees of Asc Lincoln Retirement Benefits Scheme
- 1998-01-22🔒Charge registered #1Lender: National Westminster Bank PLC
- 1997-12-11➕HOOLE, Richard Anthony appointeddirector
- 1997-12-11➕HOOLE, Anthony Baron Wilson appointedsecretary
- 1997-12-11➖HP SECRETARIAL SERVICES LIMITED resignedcorporate-nominee-secretary
- 1997-12-11➕HOOLE, Anthony Baron Wilson appointeddirector
- 1997-12-11➖HP DIRECTORS LIMITED resignedcorporate-nominee-director
- 1997-10-02🏢Company incorporatedAs ASC METALS LINCOLN LIMITED
- 1997-10-02➕HP SECRETARIAL SERVICES LIMITED appointedcorporate-nominee-secretary
- 1997-10-02➕HP DIRECTORS LIMITED appointedcorporate-nominee-director
Owner dependency
68/100
High — earn-out structure requiredMaterial 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.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BUTLIN, Nikki Jo resigned 2026-06-08; BUTLIN, Nikki Jo resigned 2026-06-08
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
Asc Metals Lincoln Trustees Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Asc Metals Lincoln Trustees Limited
Corporate parent · holds 75-100% shares · board control
⬇
ASC METALS LINCOLN LIMITED
This company · 03443750
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 |
|---|---|---|---|---|
Asc Metals Lincoln Trustees Limited Corporate entity | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest | 29/10/2025 |
2 historic (ceased) PSCs
- Mr Richard Anthony Hooleceased 29/10/2025· 75-100% shares · 75-100% voting · board control
- Mr Anthony Baron Wilson Hooleceased 28/07/2021· 75-100% shares · 75-100% voting
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 · Wholesale & distribution · LN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 7 CORE ELECTRICAL WHOLESALE LIMITED→ 06300754 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ABACUS TECHNOLOGY GROUP LTD→ 13626033 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACER RECYCLING LIMITED→ 16236214 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AD ASTRA EQUIPMENT SALES LTD.→ 04911349 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| AGRIGLEAM LTD→ 15857498 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ANDREW J MUSSON LIMITED→ 06446061 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ANYPLANT LIMITED→ 03694054 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| ARCHIE LEISURE LTD→ 15275901 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ASTBURY COLLECTIONS LIMITED→ 08004938 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| ATLANTIC HORIZON LTD→ 16811748 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ATTAR LTD→ 11011750 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AURA LAKE LTD→ 14280503 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated1997-10-02
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade
Registered office
Westminster Industrial Estate
Station Road
North Hykeham Lincoln
Lincolnshire
LN6 3QY
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-10-16
Last: 2025-10-02
Officers (2 active · 8 resigned)
HOOLE, Richard Anthony→
Activedirector · ~57y · appointed 1997-12-11
View their other companies + combined net worth →
WEBSTER, Christopher James→
Activedirector · ~55y · appointed 2026-06-08
View their other companies + combined net worth →
BURCHETT, Paul→
Resignedsecretary · appointed 2020-06-22 · resigned 2022-04-29
BUTLIN, Nikki Jo→
Resignedsecretary · appointed 2022-03-14 · resigned 2026-06-08
HOOLE, Anthony Baron Wilson→
Resignedsecretary · appointed 1997-12-11 · resigned 2020-06-22
HP SECRETARIAL SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-10-02 · resigned 1997-12-11
BURCHETT, Paul→
Resigneddirector · ~68y · appointed 2018-05-01 · resigned 2022-04-29
BUTLIN, Nikki Jo→
Resigneddirector · ~49y · appointed 2022-03-14 · resigned 2026-06-08
HOOLE, Anthony Baron Wilson→
Resigneddirector · ~84y · appointed 1997-12-11 · resigned 2021-07-28
HP DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 1997-10-02 · resigned 1997-12-11
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
3
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Richard Anthony Hoole | A registered charge | — | 29/10/2025 | — | |
| outstanding | NatWest Group Rbs Invoice Finance LTD | A registered charge | — | 26/01/2022 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | — | 20/01/2017 | — | |
| satisfied | Asc Lincoln Retirement Benefit Scheme | A registered charge | — | 08/07/2014 | 06/01/2022 | |
| satisfied | Richard Anthony Hoole and Victoria Ann Hoole Trustees of Asc Lincoln Retirement Benefits Scheme | Debenture | 1 property | 03/09/2009 | 16/07/2014 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 22/01/1998 | 18/01/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (111 total)
termination-secretary-company-with-name-termination-date
officers · TM02
2026-06-19
appoint-person-director-company-with-name-date
officers · AP01
2026-06-17
termination-director-company-with-name-termination-date
officers · TM01
2026-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-27
resolution
resolution · RESOLUTIONS
2025-11-18
memorandum-articles
incorporation · MA
2025-11-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-31
capital-allotment-shares
capital · SH01
2025-10-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-31
change-person-director-company-with-change-date
officers · CH01
2025-10-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-06
accounts-with-accounts-type-medium
accounts · AA
2025-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-16