ASH JOINERY LIMITED

🌳Matureactive
03699190 · ltd · incorporated 1999-01-21
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 24.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£701.3k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Manufacture of other builders' carpentry and joinery
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · oldest 24.1y

65/100
clean up first

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

  • · Oldest live charge is 24.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 3 with DOB)
79
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
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 £701,255
Net assets shrinking
Down £51,951 YoY
Cash YoY
+139134%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£150k
↑ 139134% YoY
Net Worth
£701k
↓ 6.9% YoY
Current Assets
£151k
↑ 233% YoY
Current Liabilities
—
£0£151k£301k£452k£603k£753kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Total assets£975.1k£1.11M
Current assets£150.8k£45.3k
Cash£150.4k£108
Debtors£438£36.4k
Net assets£701.3k£753.2k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-09-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-09-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-01-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-10-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-02-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2019-02-01
    🔓
    Charge satisfied #4
  14. 2018-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-11-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-11-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2016-10-28
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  18. 2015-12-02
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  19. 2012-11-14
    ➕
    MORTIBOYS, Andrea Clare appointed
    director
  20. 2006-09-15
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  21. 2005-11-01
    ➕
    MORTIBOYS, Andrea Clare appointed
    secretary
  22. 2005-10-31
    ➖
    SHANNON, Lorna resigned
    secretary
  23. 2005-10-31
    ➖
    SHANNON, Lorna resigned
    director
  24. 2005-04-06
    ➕
    SHANNON, Lorna appointed
    director
  25. 2002-07-02
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  26. 1999-01-22
    ➕
    MORTIBOYS, Wayne Derrick appointed
    director
  27. 1999-01-22
    ➕
    SHANNON, Lorna appointed
    secretary
  28. 1999-01-22
    ➖
    STARTCO LIMITED resigned
    corporate-nominee-secretary
  29. 1999-01-22
    ➖
    NEWCO LIMITED resigned
    corporate-nominee-director
  30. 1999-01-21
    🏢
    Company incorporated
    As ASH JOINERY LIMITED
  31. 1999-01-21
    ➕
    STARTCO LIMITED appointed
    corporate-nominee-secretary
  32. 1999-01-21
    ➕
    NEWCO 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 28 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple 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 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
NameSharesVoting rightsNature of controlNotified
Mrs Andrea Clare Mortiboys
Individual · British · DOB 06/1971 · age 55
——sig. influencesignificant influence01/01/2017
Mr Wayne Derrick Mortiboys
Individual · British · DOB 10/1970 · age 56
——sig. influencesignificant influence01/01/2017

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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16672700 · est 2025 · no financials extracted
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16257852 · est 2025 · no financials extracted
————1y——
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04687642 · est 2003 · no financials extracted
————23y——
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11842672 · est 2019 · no financials extracted
————7y——
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08321538 · est 2012 · no financials extracted
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11377310 · est 2018 · no financials extracted
————7y——
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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
Incorporated1999-01-21
Jurisdictionengland-wales
Primary SIC16230 — Manufacture of other builders' carpentry and joinery

Registered office

303 Goring Road Goring-By-Sea
Worthing
West Sussex
BN12 4NX
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21

Officers (3 active · 4 resigned)

MORTIBOYS, Andrea Clare→
secretary · appointed 2005-11-01
View their other companies + combined net worth →
Active
MORTIBOYS, Andrea Clare→
director · ~55y · appointed 2012-11-14
View their other companies + combined net worth →
Active
MORTIBOYS, Wayne Derrick→
director · ~56y · appointed 1999-01-22
View their other companies + combined net worth →
Active
SHANNON, Lorna→
secretary · appointed 1999-01-22 · resigned 2005-10-31
Resigned
STARTCO LIMITED→
corporate-nominee-secretary · appointed 1999-01-21 · resigned 1999-01-22
Resigned
SHANNON, Lorna→
director · ~77y · appointed 2005-04-06 · resigned 2005-10-31
Resigned
NEWCO LIMITED→
corporate-nominee-director · appointed 1999-01-21 · resigned 1999-01-22
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property28/10/201601/02/2019
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge—02/12/2015—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property15/09/2006—
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property02/07/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (81 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-24