AREA SQ. LIMITED

🌳Matureactive
03874693 · ltd · incorporated 1999-11-05
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
not disclosed
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (60/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

11 live charges · 8 lenders · oldest 26.5y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 26.5 years old — likely at or near maturity.
  • · 8 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
28 officers (8 active, 28 linked, 25 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
159 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

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 (89 events)Click to expand
  1. 2025-07-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-07-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-07-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-07-01
    BURNE, Carl appointed
    director
  5. 2025-07-01
    SUTHERLAND, Darren Herbert Reginald appointed
    director
  6. 2025-05-21
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  7. 2024-12-17
    SCOTT, Mark Joseph resigned
    director
  8. 2024-12-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-03-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2023-03-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2022-05-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-03-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2022-03-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-03-22
    🔓
    Charge satisfied #6
  15. 2022-03-22
    🔓
    Charge satisfied #5
  16. 2022-03-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2021-02-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2020-11-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2020-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2020-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2020-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2020-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2020-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2020-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2020-02-17
    🔓
    Charge satisfied #10
  26. 2020-02-17
    🔓
    Charge satisfied #9
  27. 2020-02-17
    🔓
    Charge satisfied #8
  28. 2020-02-17
    🔓
    Charge satisfied #7
  29. 2020-02-17
    🔓
    Charge satisfied #4
  30. 2020-02-17
    🔓
    Charge satisfied #3
  31. 2020-02-17
    🔓
    Charge satisfied #2
  32. 2020-01-13
    STEWART, Christopher appointed
    director
  33. 2019-11-27
    🔒
    Charge registered #11
    Lender: Bibby Financial Services (As Security Trustee)
  34. 2019-10-29
    STEWART, Christopher resigned
    director
  35. 2019-10-25
    RINTOUL, David Alistair James appointed
    director
  36. 2019-10-01
    STAMATIS, Aki resigned
    director
  37. 2019-08-12
    BALDOCK, Steven Vincent resigned
    director
  38. 2019-07-31
    AMES, Paul resigned
    director
  39. 2019-04-11
    BASS, Justin Marc resigned
    director
  40. 2019-04-11
    MARPLE, Lee Richard resigned
    director
  41. 2019-04-11
    PEARSON, Simon resigned
    director
  42. 2019-03-01
    LUCKING, Clive Graham resigned
    director
  43. 2018-10-18
    BALDOCK, Steven Vincent appointed
    director
  44. 2018-10-18
    BASS, Justin Marc appointed
    director
  45. 2018-04-18
    HALL, Trevor resigned
    director
  46. 2018-03-15
    FITZPATRICK, Paul resigned
    director
  47. 2018-03-15
    SHAW, Rupert Guy resigned
    director
  48. 2017-07-05
    🔒
    Charge registered #10
    Lender: Lloyds Bank PLC
  49. 2017-07-03
    FITZPATRICK, Paul appointed
    director
  50. 2017-07-03
    HALL, Trevor appointed
    director
Showing most recent 50 of 89 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -8 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primary20+ year tenure: Director in role 26 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 ·
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.

Group structure

Fourfront Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Fourfront Group Ltd
Corporate parent · holds 75-100% shares
ultimate parent
AREA SQ. LIMITED
This company · 03874693

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%
NameSharesVoting rightsNature of controlNotified
Fourfront Group Ltd
Corporate entity
75100%
75-100% shares06/04/2016

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
Incorporated1999-11-05
Jurisdictionengland-wales
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

Windsor Two
Arthur Road
Windsor
SL4 1RS
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-06
Last: 2025-10-23

Officers (8 active · 20 resigned)

BURNE, Carl
director · ~41y · appointed 2025-07-01
View their other companies + combined net worth →
Active
CHANDLER, Gary James
director · ~57y · appointed 2011-08-01
View their other companies + combined net worth →
Active
CORNWELL, James Elwin
director · ~62y · appointed 1999-12-22
View their other companies + combined net worth →
Active
DAVIES, Sion Emyr
director · ~50y · appointed 2011-08-01
View their other companies + combined net worth →
Active
PYE, Colin Christopher
director · ~62y · appointed 2011-08-01
View their other companies + combined net worth →
Active
RINTOUL, David Alistair James
director · ~61y · appointed 2019-10-25
View their other companies + combined net worth →
Active
STEWART, Christopher
director · ~53y · appointed 2020-01-13
View their other companies + combined net worth →
Active
SUTHERLAND, Darren Herbert Reginald
director · ~45y · appointed 2025-07-01
View their other companies + combined net worth →
Active
HUDSON, Nigel
secretary · appointed 1999-12-22 · resigned 2015-12-31
Resigned
TEMPLE SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1999-11-05 · resigned 1999-11-05
Resigned
AMES, Paul
director · ~62y · appointed 2017-06-02 · resigned 2019-07-31
Resigned
BALDOCK, Steven Vincent
director · ~70y · appointed 2018-10-18 · resigned 2019-08-12
Resigned
BASS, Justin Marc
director · ~58y · appointed 2018-10-18 · resigned 2019-04-11
Resigned
DWIGHT, Nichola
director · ~61y · appointed 2007-05-01 · resigned 2009-07-31
Resigned
FITZPATRICK, Paul
director · ~64y · appointed 2017-07-03 · resigned 2018-03-15
Resigned
GODWIN-JONES, Amanda Greatyer Alice
director · ~56y · appointed 2011-08-01 · resigned 2014-04-30
Resigned
HALL, Trevor
director · ~57y · appointed 2017-07-03 · resigned 2018-04-18
Resigned
HAMMOND, Oliver James
director · ~59y · appointed 2011-08-01 · resigned 2017-06-02
Resigned
HUDSON, Nigel
director · ~63y · appointed 1999-12-22 · resigned 2015-12-31
Resigned
LUCKING, Clive Graham
director · ~59y · appointed 1999-12-22 · resigned 2019-03-01
Resigned

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

Mortgages & charges

11
Total charges
1
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
Bibby Financial Services
Bibby Financial Services (As Security Trustee)
A registered charge4 properties27/11/2019
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge05/07/201717/02/2020
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property25/03/201417/02/2020
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property20/03/201417/02/2020
satisfied
Barclays
Barclays Bank PLC
Deed of charge over credit balances1 property12/02/201317/02/2020
satisfied
John Keil Investments
John Keil Investments Limited
Rent deposit deed1 property06/10/201122/03/2022
satisfied
John Keil Investments
John Keil Investments Limited
Rent deposit deed1 property06/10/201122/03/2022
satisfied
Grafton Estate No.2 LP (Nominee One) and Grafton Estate No.2 LP (Nominee Two)
Grafton Estate No.2 LP (Nominee One) Limited and Grafton Estate No.2 LP (Nominee Two) Limited
Rent deposit deed1 property28/01/201117/02/2020
satisfied
Grafton Estate No.2 LP (Nominee 1) and Grafton Estate No.2 LP (Nominee 2)
Grafton Estate No.2 LP (Nominee 1) Limited and Grafton Estate No.2 LP (Nominee 2) Limited
Rent deposit deed1 property05/02/200817/02/2020
satisfied
Grafton Estate No.2
Grafton Estate No.2 Limited
Rent deposit deed1 property06/09/200617/02/2020
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property02/12/199912/10/2012
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (159 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-23
accounts-with-accounts-type-full
accounts · AA
2025-07-21
appoint-person-director-company-with-name-date
officers · AP01
2025-07-06
appoint-person-director-company-with-name-date
officers · AP01
2025-07-06
change-account-reference-date-company-previous-extended
accounts · AA01
2025-05-21
termination-director-company-with-name-termination-date
officers · TM01
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-15
accounts-with-accounts-type-full
accounts · AA
2024-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
accounts-with-accounts-type-full
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-30
mortgage-satisfy-charge-full
mortgage · MR04
2022-03-22
mortgage-satisfy-charge-full
mortgage · MR04
2022-03-22
accounts-with-accounts-type-full
accounts · AA
2022-03-04