ADVISORY INSURANCE BROKERS LIMITED
🌳Matureactive
04043759 · ltd · incorporated 2000-07-31
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
72/100
Strong
What this business does
Primary activity: Non-life insurance
Sector: Financial & insurance
ALSO REGISTERED FOR
- 65202Non-life reinsurance
- 66220Activities of insurance agents and brokers
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 72/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 59). Biggest value-creation lever: Consolidate lender relationships. 15 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (48/100).
🏦
Refinance opportunity
21 live charges · 15 lenders · oldest 25.0y
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 25.0 years old — likely at or near maturity.
- · 15 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
21 charges (21/21 with lender, 21/21 with type)
90
Directors & officers
52 officers (3 active, 52 linked, 38 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
292 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 officers
Last 180 days
2
filings
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (166 events)Click to expand
- 2026-03-26📄second-filing-of-director-termination-with-nameofficers · RP04TM01
- 2026-03-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-27➕BAYLES, Phil, Mr. appointeddirector
- 2025-12-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-03➖TUPLIN, Richard resigneddirector
- 2025-08-18📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-06📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-06📄capital-allotment-sharescapital · SH01
- 2024-05-16📄change-person-director-company-with-change-dateofficers · CH01
- 2024-02-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-27📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-02-23➕YEANDLE, James appointeddirector
- 2024-02-23➖WILLIAMS, Huw Scott resigneddirector
- 2024-02-23➖WORRELL, Robert Laurence resigneddirector
- 2023-11-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-10-18📄memorandum-articlesincorporation · MA
- 2023-10-18📄resolutionresolution · RESOLUTIONS
- 2023-09-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-05🔓Charge satisfied #21
- 2023-06-20📄accounts-with-accounts-type-fullaccounts · AA
- 2022-10-25📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2022-10-21📄resolutionresolution · RESOLUTIONS
- 2022-10-21📄legacycapital · SH20
- 2022-10-21⚠️legacyinsolvency · CAP-SS
- 2022-10-05📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-29📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2022-09-24📄memorandum-articlesincorporation · MA
- 2022-05-19➕TUPLIN, Richard appointeddirector
- 2022-03-01➖THELWELL, Joseph resigneddirector
- 2022-02-22➕ARDONAGH CORPORATE SECRETARY LIMITED appointedcorporate-secretary
- 2022-02-22➖CLARKE, Dean resignedsecretary
- 2021-07-15➖PALMER-MINNIS, Nigel Anthony, Mr. resigneddirector
- 2020-07-23🔓Charge satisfied #20
- 2020-07-23🔓Charge satisfied #19
- 2020-07-23🔓Charge satisfied #18
- 2020-07-14🔒Charge registered #21Lender: Ares Management Limited
- 2020-06-10🔒Charge registered #20Lender: Citibank, N.A., London Branch
- 2020-02-14➕PALMER-MINNIS, Nigel Anthony, Mr. appointeddirector
- 2020-02-14➕THELWELL, Joseph appointeddirector
- 2019-12-17➖COUGILL, Diane resigneddirector
- 2019-12-17➖ROSS, David Christopher resigneddirector
- 2019-12-17➕WILLIAMS, Huw Scott appointeddirector
- 2019-12-17➕WORRELL, Robert Laurence appointeddirector
- 2019-08-01➕COUGILL, Diane appointeddirector
- 2019-08-01➖EROTOCRITOU, Antonios resigneddirector
- 2018-12-11➕CLARKE, Dean appointedsecretary
- 2018-12-11➖GOURIET, Geoffrey Costerton resignedsecretary
- 2018-09-26🔒Charge registered #19Lender: Citibank, N.A., London Branch
- 2018-08-03➕GOURIET, Geoffrey Costerton appointedsecretary
Showing most recent 50 of 166 events
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high · 1 med ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2022-10-21: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Ardonagh Advisory Broking Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ardonagh Advisory Broking Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
ADVISORY INSURANCE BROKERS LIMITED
This company · 04043759
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ardonagh Advisory Broking Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/03/2019 |
1 historic (ceased) PSC
- Towergate Insurance Limitedceased 06/03/2019· 75-100% shares · 75-100% voting
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 →Similar companies
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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
Incorporated2000-07-31
Jurisdictionengland-wales
Primary SIC65120 — Non-life insurance
Registered office
2 Minster Court
Mincing Lane
London
EC3R 7PD
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-29
Last: 2025-06-15
Officers (3 active · 49 resigned)
ARDONAGH CORPORATE SECRETARY LIMITED→
Activecorporate-secretary · appointed 2022-02-22
View their other companies + combined net worth →
BAYLES, Phil, Mr.→
Activedirector · ~59y · appointed 2026-02-27
View their other companies + combined net worth →
YEANDLE, James→
Activedirector · ~43y · appointed 2024-02-23
View their other companies + combined net worth →
CLARK, Darryl James→
Resignedsecretary · appointed 2008-10-01 · resigned 2010-12-03
CLARK, Samuel Thomas Budgen→
Resignedsecretary · appointed 2011-07-22 · resigned 2013-11-01
CLARKE, Dean→
Resignedsecretary · appointed 2018-12-11 · resigned 2022-02-22
DYER, Paul Francis→
Resignedsecretary · appointed 2000-09-14 · resigned 2001-01-23
GOURIET, Geoffrey Costerton→
Resignedsecretary · appointed 2018-08-03 · resigned 2018-12-11
GOURIET, Geoffrey Costerton→
Resignedsecretary · appointed 2016-03-16 · resigned 2016-12-20
GREGORY, Jacqueline Anne→
Resignedsecretary · appointed 2016-12-20 · resigned 2018-08-03
HUNTER, Andrew Stewart→
Resignedsecretary · appointed 2010-12-03 · resigned 2011-07-22
OWENS, Jennifer→
Resignedsecretary · appointed 2013-11-25 · resigned 2016-03-01
REDDI, John→
Resignedsecretary · appointed 2001-01-23 · resigned 2008-10-01
DLA SECRETARIAL SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-07-31 · resigned 2000-09-14
BLANC, Amanda Jayne→
Resigneddirector · ~59y · appointed 2006-06-01 · resigned 2011-02-14
BROWN, Kevin→
Resigneddirector · ~76y · appointed 2001-08-17 · resigned 2002-08-16
CARRUTHERS, James Maxwell→
Resigneddirector · ~72y · appointed 2005-12-01 · resigned 2011-07-07
CLARK, Darryl James→
Resigneddirector · ~67y · appointed 2008-10-01 · resigned 2010-12-03
COUGILL, Diane→
Resigneddirector · ~63y · appointed 2019-08-01 · resigned 2019-12-17
CROCKER, Nicholas John David→
Resigneddirector · ~74y · appointed 2000-09-14 · resigned 2004-02-27
Click a director name to see their full track record across all companies.
Mortgages & charges
21
Total charges
0
Outstanding
0
Active lenders
Status:Lender:21 of 21 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Ares Management Ares Management Limited | A registered charge | 1 property | 14/07/2020 | 05/09/2023 | |
| satisfied | Citibank, N.A., London Branch | A registered charge | — | 10/06/2020 | 23/07/2020 | |
| satisfied | Citibank, N.A., London Branch | A registered charge | 1 property | 26/09/2018 | 23/07/2020 | |
| satisfied | Citibank, N.A., London Branch | A registered charge | 1 property | 07/08/2017 | 23/07/2020 | |
| satisfied | The Bank of New York Mellon, London Branch | A registered charge | 3 properties | 02/04/2015 | 07/07/2017 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 4 properties | 10/05/2013 | 29/04/2015 | |
| satisfied | Bullen Investments Bullen Investments Limited | Rent deposit deed | 1 property | 04/04/2013 | 28/05/2013 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC as Security Agent and Trustee for Itself and the Other Secured Parties (The "Security Agent") | Debenture | 1 property | 27/06/2012 | 23/07/2015 | |
| satisfied | Judith Ladd | Rent deposit deed | 1 property | 18/06/2012 | 21/07/2017 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC as Security Agent and Trustee for Itself and the Other Secured Parties (The "Security Agent") | Debenture | 1 property | 11/02/2011 | 11/07/2015 | |
| satisfied | York Enterprises York Enterprises Limited | Rent deposit deed | 1 property | 03/05/2007 | 28/05/2013 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 01/11/2006 | 15/02/2011 | |
| satisfied | Michael Edward Sullivan and Ronald Thomas Sullivan | Rent security deposit deed | 1 property | 09/08/2006 | 27/07/2017 | |
| satisfied | Michael Edward Sullivan and Ronald Thomas Sullivan | Rent security deposit deed | 1 property | 09/08/2006 | 27/07/2017 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 31/10/2005 | 07/12/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC (Security Trustee) | Assignment of keyman insurance | 1 property | 18/10/2004 | 07/12/2006 | |
| satisfied | Norwich Union Insurance Norwich Union Insurance Limited | Deed of legal charge | 1 property | 28/04/2004 | 30/11/2005 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC as Agent and Trustee for the Secured Parties | Debenture | 1 property | 28/04/2004 | 07/12/2006 | |
| satisfied | Norwich Union Insurance Norwich Union Insurance Limited | Deed of legal charge | 1 property | 30/03/2004 | 30/11/2005 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Guarantee & debenture | 1 property | 31/08/2001 | 07/12/2006 | |
| satisfied | Allied Dunbar Assurance Allied Dunbar Assurance PLC | Rent deposit deed | 1 property | 03/07/2001 | 09/11/2006 |
Recent filings (292 total)
second-filing-of-director-termination-with-name
officers · RP04TM01
2026-03-26
appoint-person-director-company-with-name-date
officers · AP01
2026-03-04
termination-director-company-with-name-termination-date
officers · TM01
2025-12-12
accounts-with-accounts-type-full
accounts · AA
2025-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-23
accounts-with-accounts-type-full
accounts · AA
2024-08-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-27
capital-allotment-shares
capital · SH01
2024-06-06
change-person-director-company-with-change-date
officers · CH01
2024-05-16
termination-director-company-with-name-termination-date
officers · TM01
2024-02-28
termination-director-company-with-name-termination-date
officers · TM01
2024-02-27
appoint-person-director-company-with-name-date
officers · AP01
2024-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-11-27
memorandum-articles
incorporation · MA
2023-10-18
resolution
resolution · RESOLUTIONS
2023-10-18