ADDMORE ENGINEERING LIMITED
- · Oldest live charge 25.9y old — refinance window within 12 months
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
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.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| 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.
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
Corporate timeline (31 events)Click to expand
- 2025-02-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-11-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-06-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-25📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-10-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-10-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-01➕VASQUEZ, Frank Michael appointeddirector
- 2015-05-19➕VASQUEZ, Benjamin Francis appointeddirector
- 2010-01-26🔓Charge satisfied #1
- 2003-05-13➕VASQUEZ, Frank Michael appointedsecretary
- 2003-05-13➖VASQUEZ, Siobhan Marian resignedsecretary
- 2003-05-13➖VASQUEZ, Frank Michael resigneddirector
- 2000-06-09🔒Charge registered #1Lender: National Westminster Bank PLC
- 1999-11-16🏢Company incorporatedAs ADDMORE ENGINEERING LIMITED
- 1999-11-16➕VASQUEZ, Siobhan Marian appointeddirector
- 1999-11-16➕VASQUEZ, Siobhan Marian appointedsecretary
- 1999-11-16➕WATERLOW SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1999-11-16➖WATERLOW SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1999-11-16➕VASQUEZ, Frank Michael appointeddirector
- 1999-11-16➕WATERLOW NOMINEES LIMITED appointedcorporate-nominee-director
- 1999-11-16➖WATERLOW NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +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
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Benjamin Francis Vasquez Individual · British · DOB 01/1984 · age 42 | 25–50% | — | 25-50% shares | 11/01/2024 |
Mr Frank Michael Vasquez Individual · British · DOB 04/1953 · age 73 | 25–50% | — | 25-50% shares | 24/10/2016 |
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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (4 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 09/06/2000 | 26/01/2010 |