ADDISON SAWS LIMITED
Opportunity 72/100 (strong), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. 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
9 live charges · 8 lenders · oldest 25.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 25.6 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £203.8k | £457.8k |
| Current assets | £1.92M | £2.54M |
| Cash | £31.7k | £38.4k |
| Debtors | £934.9k | £1.48M |
| Net assets | £200.5k | £365.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
4 signals 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 (51 events)Click to expand
- 2025-12-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-23🔒Charge registered #9Lender: Barclays Security Trustee Limited
- 2023-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-21📄change-person-director-company-with-change-dateofficers · CH01
- 2020-11-21📄change-person-director-company-with-change-dateofficers · CH01
- 2020-03-27➖RUSSON, Malcolm Lloyd resigneddirector
- 2020-03-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-03📄accounts-with-accounts-type-smallaccounts · AA
- 2017-01-13📄accounts-with-accounts-type-smallaccounts · AA
- 2016-01-07📄accounts-with-accounts-type-smallaccounts · AA
- 2015-12-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-04-01➕WILSON, Christopher appointeddirector
- 2014-07-07➕JONES, Alison appointeddirector
- 2012-06-07🔒Charge registered #8Lender: Barclays Bank PLC
- 2009-11-19🔓Charge satisfied #6
- 2009-10-08➖RODRIGUES, Jose Francisco resigneddirector
- 2009-10-08🔒Charge registered #7Lender: Lloyds Tsb Commercial Finance Limited
- 2007-06-12➕JONES, Alison appointedsecretary
- 2007-04-30➖PRICE, Alan John resignedsecretary
- 2005-10-10➕RUSSON, Malcolm Lloyd appointeddirector
- 2005-07-04➖PRICE, Alan John resigneddirector
- 2005-07-04➖PRICE, Susan Elizabeth resigneddirector
- 2005-07-04🔒Charge registered #6Lender: Alan John Price
- 2004-05-26🔓Charge satisfied #3
- 2004-02-18🔓Charge satisfied #1
- 2003-12-15🔒Charge registered #5Lender: The Governor and Company of the Bank of Scotland
- 2003-10-23🔓Charge satisfied #2
- 2002-02-28🔓Charge satisfied #4
- 2001-01-28🔒Charge registered #4Lender: National Westminster Bank PLC
- 2001-01-15➕KNIGHT, Gary Walter appointeddirector
- 2001-01-15➕RODRIGUES, Jose Francisco appointeddirector
- 2001-01-05🔒Charge registered #3Lender: National Westminster Bank PLC
- 2000-11-30🔒Charge registered #2Lender: Elliott Industries Limited
- 2000-11-30🔒Charge registered #1Lender: Lombard Natwest Discounting Limited
- 2000-11-21➖O'MAHONY, Andrew James resignedsecretary
- 2000-11-21➕PRICE, Alan John appointedsecretary
- 2000-11-21➖NGAN, William resigneddirector
- 2000-11-21➖O'MAHONY, Andrew James resigneddirector
- 2000-11-21➕PRICE, Alan John appointeddirector
- 2000-11-21➕PRICE, Susan Elizabeth appointeddirector
- 2000-11-16🏢Company incorporatedAs ADDISON SAWS LIMITED
- 2000-11-16➕O'MAHONY, Andrew James appointedsecretary
- 2000-11-16➕NGAN, William appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-11-30
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Sawmart Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Sawmart Ltd Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
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.
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9 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 · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 23/04/2024 | — | |
| outstanding | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 07/06/2012 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Debenture | 1 property | 08/10/2009 | — | |
| satisfied | Alan John Price | Debenture | 1 property | 04/07/2005 | 19/11/2009 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 15/12/2003 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Charge over credit balances | 1 property | 28/01/2001 | 28/02/2002 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 05/01/2001 | 26/05/2004 | |
| satisfied | Elliott Industries Elliott Industries Limited | Mortgage debenture between the company and elliott industries limited | 1 property | 30/11/2000 | 23/10/2003 | |
| satisfied | NatWest Group Lombard Natwest Discounting Limited | Fixed charge and floating charge | 1 property | 30/11/2000 | 18/02/2004 |