AARDVARK PROPERTIES LIMITED

🌳Matureactive
03606324 · ltd · incorporated 1998-07-29
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 26.5y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Family succession underway — not a classic acquisition target.

Opportunity 75/100 (strong), bankability 65/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

12 live charges · 2 lenders · oldest 26.5y

50/100
clean up first

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

  • · Oldest live charge is 26.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 3 with DOB)
77
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
112 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
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£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees2200

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
2
filings
  • 2 persons-with-significant-control
Last 90 days
8
filings
  • 5 persons-with-significant-control
  • 2 officers
  • 1 address
Last 180 days
10
filings
  • 5 persons-with-significant-control
  • 2 officers
  • 1 address
Counts from Companies House filing history.
Corporate timeline (51 events)Click to expand
  1. 2026-06-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-06-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-05-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-05-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2026-05-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2026-05-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2026-05-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2026-05-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2026-02-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2026-02-18
    🔒
    Charge registered #12
    Lender: Handelsbanken PLC
  11. 2025-11-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2025-10-31
    HAMBURGER, Theo appointed
    director
  13. 2025-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2024-04-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-07-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2022-07-22
    🔒
    Charge registered #11
    Lender: Handelsbanken PLC
  18. 2022-06-01
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  19. 2022-05-31
    HOWARTH, John Anthony appointed
    secretary
  20. 2022-05-31
    HAMBURGER, Theo resigned
    secretary
  21. 2022-05-31
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  22. 2022-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2021-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2021-01-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  25. 2020-10-02
    🔒
    Charge registered #10
    Lender: Handelsbanken PLC
  26. 2020-09-15
    🔒
    Charge registered #9
    Lender: Handelsbanken PLC
  27. 2019-11-18
    🔓
    Charge satisfied #3
  28. 2019-11-18
    🔓
    Charge satisfied #1
  29. 2019-09-05
    🔓
    Charge satisfied #2
  30. 2019-09-03
    🔓
    Charge satisfied #4
  31. 2019-08-30
    🔒
    Charge registered #8
    Lender: Handelsbanken PLC
  32. 2019-08-30
    🔒
    Charge registered #7
    Lender: Handelsbanken PLC
  33. 2019-08-30
    🔒
    Charge registered #6
    Lender: Handelsbanken PLC
  34. 2019-08-30
    🔒
    Charge registered #5
    Lender: Handelsbanken PLC
  35. 2019-04-12
    HAMBURGER, Theo appointed
    secretary
  36. 2019-04-11
    HUGHES, Alan resigned
    secretary
  37. 2019-02-20
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  38. 2019-02-07
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  39. 2010-12-17
    OUNDJIAN, Haig Bertrand resigned
    director
  40. 2004-07-08
    HUGHES, Alan appointed
    secretary
  41. 2004-07-08
    MARSDEN, Andrew Paul resigned
    secretary
  42. 2003-01-23
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  43. 1999-12-17
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  44. 1999-12-15
    OUNDJIAN, Haig Bertrand appointed
    director
  45. 1998-07-29
    🏢
    Company incorporated
    As AARDVARK PROPERTIES LIMITED
  46. 1998-07-29
    HAMBURGER, Jonathan Simon appointed
    director
  47. 1998-07-29
    MARSDEN, Andrew Paul appointed
    secretary
  48. 1998-07-29
    BRITANNIA COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-secretary
  49. 1998-07-29
    BRITANNIA COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-secretary
  50. 1998-07-29
    DEANSGATE COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-director
Showing most recent 50 of 51 events

Owner dependency

84/100
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 28 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

26/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — HAMBURGER, Theo (same surname) appointed 2025-10-31. Pattern consistent with intra-family handover.
  • secondaryFounder aged 58+: Senior director is approximately 62. 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.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
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.

8 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jonathan Simon Hamburger
Individual · British · DOB 10/1964 · age 62
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mrs Marianne Estelle Hamburgerceased 07/04/2026· 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
Incorporated1998-07-29
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Greystone House
Moss Lane
Altrincham
WA15 8HW
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-23
Last: 2026-01-09

Officers (3 active · 6 resigned)

HOWARTH, John Anthony
secretary · appointed 2022-05-31
View their other companies + combined net worth →
Active
HAMBURGER, Jonathan Simon
director · ~62y · appointed 1998-07-29
View their other companies + combined net worth →
Active
HAMBURGER, Theo
director · ~32y · appointed 2025-10-31
View their other companies + combined net worth →
Active
HAMBURGER, Theo
secretary · appointed 2019-04-12 · resigned 2022-05-31
Resigned
HUGHES, Alan
secretary · appointed 2004-07-08 · resigned 2019-04-11
Resigned
MARSDEN, Andrew Paul
secretary · appointed 1998-07-29 · resigned 2004-07-08
Resigned
BRITANNIA COMPANY FORMATIONS LIMITED
corporate-nominee-secretary · appointed 1998-07-29 · resigned 1998-07-29
Resigned
OUNDJIAN, Haig Bertrand
director · ~77y · appointed 1999-12-15 · resigned 2010-12-17
Resigned
DEANSGATE COMPANY FORMATIONS LIMITED
corporate-nominee-director · appointed 1998-07-29 · resigned 1998-07-29
Resigned

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

Mortgages & charges

12
Total charges
8
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property18/02/2026
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property22/07/2022
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property02/10/2020
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge2 properties15/09/2020
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge4 properties30/08/2019
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge4 properties30/08/2019
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge4 properties30/08/2019
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property30/08/2019
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property20/02/201903/09/2019
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge07/02/201918/11/2019
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property23/01/200305/09/2019
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property17/12/199918/11/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (112 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-17
change-person-director-company-with-change-date
officers · CH01
2026-05-16
change-person-director-company-with-change-date
officers · CH01
2026-05-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
appoint-person-director-company-with-name-date
officers · AP01
2025-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-16