ADAM HODGKINSON PLASTERING LIMITED

🌳Matureactive

03538942 · ltd · incorporated 1998-04-01

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

£1.08M

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Plastering

Sector: Construction

Investor take

Pursue

Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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

2 live charges · 2 lenders · oldest 28.2y

30/100

under pressure

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

· Oldest live charge is 28.2 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 (77/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (3 active, 7 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

86 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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 £1,081,244

Cash YoY

-17%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£682k

↓ 17% YoY

Net Worth

£1.1m

↑ 1.7% YoY

Current Assets

£1.2m

↑ 5.4% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£1.08M	£1.08M
Current assets	£1.17M	£1.11M
Cash	£682.3k	£825.0k
Debtors	£323.5k	£167.9k
Net assets	£1.08M	£1.06M

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

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-10-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-04
📄
memorandum-articles
incorporation · MA
2017-04-25
📄
capital-allotment-shares
capital · SH01
2017-04-07
📄
resolution
resolution · RESOLUTIONS
2016-11-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-10-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-02-17
➖
HODGKINSON, Sidney Brian resigned
director
2007-08-16
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2007-03-27
➕
HODGKINSON, Sarah appointed
secretary
2007-03-27
➕
HODGKINSON, Sarah appointed
director
2007-03-27
➖
HODGKINSON, Sidney Brian resigned
secretary
1998-04-21
🔒
Charge registered #1
Lender: Midland Bank PLC
1998-04-01
🏢
Company incorporated
As ADAM HODGKINSON PLASTERING LIMITED
1998-04-01
➕
HODGKINSON, Adam appointed
director
1998-04-01
➕
HODGKINSON, Sidney Brian appointed
secretary
1998-04-01
➕
BRITANNIA COMPANY FORMATIONS LIMITED appointed
corporate-nominee-secretary
1998-04-01
➖
BRITANNIA COMPANY FORMATIONS LIMITED resigned
corporate-nominee-secretary
1998-04-01
➕
HODGKINSON, Sidney Brian appointed
director
1998-04-01
➕
DEANSGATE COMPANY FORMATIONS LIMITED appointed
corporate-nominee-director
1998-04-01
➖
DEANSGATE COMPANY FORMATIONS LIMITED resigned
corporate-nominee-director

Owner dependency

99/100

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.
+Founder name in company name: Company name contains director surname "HODGKINSON" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100

Likely off-market candidate

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 28 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Adam Hodgkinson Individual · British · DOB 05/1965 · age 61	50–75%	50–75%	50-75% shares · 50-75% voting	06/04/2016
Mrs Sarah Jane Hodgkinson Individual · British · DOB 06/1965 · age 61	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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

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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.

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Company details

Statusactive

Typeltd

Incorporated1998-04-01

Jurisdictionengland-wales

Primary SIC43310 — Plastering

Registered office

Unit E16 Langham Park

Lows Lane Stanton-By-Dale

Ilkeston

Derbyshire

DE7 4QU

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-15

Last: 2026-04-01

Officers (3 active · 4 resigned)

HODGKINSON, Sarah→

secretary · appointed 2007-03-27

View their other companies + combined net worth →

Active

HODGKINSON, Adam→

director · ~61y · appointed 1998-04-01

View their other companies + combined net worth →

Active

HODGKINSON, Sarah→

director · ~61y · appointed 2007-03-27

View their other companies + combined net worth →

Active

HODGKINSON, Sidney Brian→

secretary · appointed 1998-04-01 · resigned 2007-03-27

Resigned

BRITANNIA COMPANY FORMATIONS LIMITED→

corporate-nominee-secretary · appointed 1998-04-01 · resigned 1998-04-01

Resigned

HODGKINSON, Sidney Brian→

director · ~93y · appointed 1998-04-01 · resigned 2009-02-17

Resigned

DEANSGATE COMPANY FORMATIONS LIMITED→

corporate-nominee-director · appointed 1998-04-01 · resigned 1998-04-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	HSBC Hsbc Bank PLC	Legal mortgage	1 property	16/08/2007	—
	outstanding	Midland Bank Midland Bank PLC	Debenture	1 property	21/04/1998	—

Click column headers to sort. Use filters above to narrow by status and lender.