ADDMORE ENGINEERING LIMITED

🌳Matureactive
03877674 · ltd · incorporated 1999-11-16
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 25.9y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
£4.48M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 25.9y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 25.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (4 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
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 £4,479,923
Cash YoY
+23%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.3m
↑ 23% YoY
Net Worth
£4.5m
~ YoY
Current Assets
£2.3m
~ YoY
Current Liabilities
£0£896k£1.8m£2.7m£3.6m£4.5mSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£4.59M£4.55M
Current assets£2.26M£2.24M
Cash£1.28M£1.04M
Debtors£756.1k£956.0k
Net assets£4.48M£4.44M

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
0
filings
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-02-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2024-11-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-02-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-10-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-10-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-10-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-10-25
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  11. 2021-10-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2021-10-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2021-06-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2020-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-12-01
    VASQUEZ, Frank Michael appointed
    director
  18. 2015-05-19
    VASQUEZ, Benjamin Francis appointed
    director
  19. 2010-01-26
    🔓
    Charge satisfied #1
  20. 2003-05-13
    VASQUEZ, Frank Michael appointed
    secretary
  21. 2003-05-13
    VASQUEZ, Siobhan Marian resigned
    secretary
  22. 2003-05-13
    VASQUEZ, Frank Michael resigned
    director
  23. 2000-06-09
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  24. 1999-11-16
    🏢
    Company incorporated
    As ADDMORE ENGINEERING LIMITED
  25. 1999-11-16
    VASQUEZ, Siobhan Marian appointed
    director
  26. 1999-11-16
    VASQUEZ, Siobhan Marian appointed
    secretary
  27. 1999-11-16
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  28. 1999-11-16
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  29. 1999-11-16
    VASQUEZ, Frank Michael appointed
    director
  30. 1999-11-16
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  31. 1999-11-16
    WATERLOW NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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
Mr Benjamin Francis Vasquez
Individual · British · DOB 01/1984 · age 42
2550%
25-50% shares11/01/2024
Mr Frank Michael Vasquez
Individual · British · DOB 04/1953 · age 73
2550%
25-50% shares24/10/2016
1 historic (ceased) PSC
  • Mrs Siobhan Marian Vasquezceased 11/01/2024· 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
Incorporated1999-11-16
Jurisdictionengland-wales
Primary SIC25990 — SIC 25990

Registered office

32 Lister Drive
Northampton
NN4 9XE
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-11-22
Last: 2025-11-08

Officers (4 active · 4 resigned)

VASQUEZ, Frank Michael
secretary · appointed 2003-05-13
View their other companies + combined net worth →
Active
VASQUEZ, Benjamin Francis
director · ~42y · appointed 2015-05-19
View their other companies + combined net worth →
Active
VASQUEZ, Frank Michael
director · ~73y · appointed 2017-12-01
View their other companies + combined net worth →
Active
VASQUEZ, Siobhan Marian
director · ~72y · appointed 1999-11-16
View their other companies + combined net worth →
Active
VASQUEZ, Siobhan Marian
secretary · appointed 1999-11-16 · resigned 2003-05-13
Resigned
WATERLOW SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1999-11-16 · resigned 1999-11-16
Resigned
VASQUEZ, Frank Michael
director · ~73y · appointed 1999-11-16 · resigned 2003-05-13
Resigned
WATERLOW NOMINEES LIMITED
corporate-nominee-director · appointed 1999-11-16 · resigned 1999-11-16
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property09/06/200026/01/2010

Recent filings (77 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-11-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-08
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-09
change-person-director-company-with-change-date
officers · CH01
2021-10-25
change-person-director-company-with-change-date
officers · CH01
2021-10-25
change-person-director-company-with-change-date
officers · CH01
2021-10-25