ANDREWS COATINGS LIMITED
💤Zombieactive
04327568 · ltd · incorporated 2001-11-22
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-3.4k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 46130
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -32% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
1 live charge · oldest 10.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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 (1 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £3,378
Cash YoY
-32%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£26k
↓ 32% YoY
Net Worth
-£3k
↑ 54% YoY
Current Assets
£137k
↑ 39% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £-3.4k | £-7.3k |
| Current assets | £137.5k | £99.2k |
| Cash | £25.8k | £38.0k |
| Debtors | £74.2k | £31.8k |
| Net assets | £-3.4k | £-7.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2025-07-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-04-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-02-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-02-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-19➖BULLOCK, Caroline Louise resignedsecretary
- 2025-02-19➖BULLOCK, Caroline Louise resigneddirector
- 2025-02-19➖BULLOCK, Mark Hayden resigneddirector
- 2024-08-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-07➖KENDRICK, Robert Neil resigneddirector
- 2023-09-07📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-09-01➕DAVIES, Matthew Thomas Ivor appointeddirector
- 2023-07-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-27📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-27📄change-person-director-company-with-change-dateofficers · CH01
- 2016-03-14🔒Charge registered #1Lender: National Westminster Bank PLC
- 2014-08-18➖BILLS, Leanne Carrie resigneddirector
- 2011-06-20➕BILLS, Leanne Carrie appointeddirector
- 2008-07-21➕BULLOCK, Caroline Louise appointeddirector
- 2002-10-01➕KENDRICK, Robert Neil appointeddirector
- 2001-11-22🏢Company incorporatedAs ANDREWS COATINGS LIMITED
- 2001-11-22➕BREWER, Suzanne appointednominee-secretary
- 2001-11-22➖BREWER, Suzanne resignednominee-secretary
- 2001-11-22➕BULLOCK, Caroline Louise appointedsecretary
- 2001-11-22➕BREWER, Kevin, Dr appointednominee-director
- 2001-11-22➖BREWER, Kevin, Dr resignednominee-director
- 2001-11-22➕BULLOCK, Mark Hayden appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Andrews Coatings Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Andrews Coatings Holdings Ltd
Corporate parent · holds 75-100% shares · board control
⬇
ANDREWS COATINGS LIMITED
This company · 04327568
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 |
|---|---|---|---|---|
Andrews Coatings Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 19/01/2025 |
2 historic (ceased) PSCs
- Mr Mark Hayden Bullockceased 19/01/2025· 50-75% shares
- Mrs Caroline Louise Bullockceased 19/01/2025· 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 →Similar companies
Active · Wholesale & distribution · WV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 3H INSPIRATION LTD→ 13174109 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| A S BILSTON LTD→ 14780512 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AFRO TREASURE LTD→ 15383082 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AGBOR EBEN & CO LTD→ 14302884 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AGENTIS WORKWEAR LIMITED→ 07425914 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| AIR METHODS LIMITED→ 00547155 · est 1955 · no financials extracted | — | — | — | — | 71y | — | — |
| AL-BASHIR TRADING AND CONTRACTING LTD→ 16998400 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ALDRIDGE BUILDERS BEAMS LTD→ 10066557 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ALMA TEXTILE TRADING UK LIMITED→ 14544994 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AMAR TRADING 25 LTD→ 16140145 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ANANTAH ENTERPRISES UK LIMITED→ 10928596 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ANGADBAHRI LIMITED→ 16860223 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2001-11-22
Jurisdictionengland-wales
Primary SIC46130 — SIC 46130
Registered office
Granville House, 2 Tettenhall
Road, Wolverhampton
West Midlands
WV1 4SB
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-17
Last: 2026-04-03
Officers (1 active · 7 resigned)
DAVIES, Matthew Thomas Ivor→
Activedirector · ~30y · appointed 2023-09-01
View their other companies + combined net worth →
BREWER, Suzanne→
Resignednominee-secretary · appointed 2001-11-22 · resigned 2001-11-22
BULLOCK, Caroline Louise→
Resignedsecretary · appointed 2001-11-22 · resigned 2025-02-19
BILLS, Leanne Carrie→
Resigneddirector · ~45y · appointed 2011-06-20 · resigned 2014-08-18
BREWER, Kevin, Dr→
Resignednominee-director · ~74y · appointed 2001-11-22 · resigned 2001-11-22
BULLOCK, Caroline Louise→
Resigneddirector · ~61y · appointed 2008-07-21 · resigned 2025-02-19
BULLOCK, Mark Hayden→
Resigneddirector · ~65y · appointed 2001-11-22 · resigned 2025-02-19
KENDRICK, Robert Neil→
Resigneddirector · ~70y · appointed 2002-10-01 · resigned 2024-06-07
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 14/03/2016 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (87 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-03
termination-secretary-company-with-name-termination-date
officers · TM02
2025-02-20
termination-director-company-with-name-termination-date
officers · TM01
2025-02-20
termination-director-company-with-name-termination-date
officers · TM01
2025-02-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
termination-director-company-with-name-termination-date
officers · TM01
2024-06-10
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-14
change-person-director-company-with-change-date
officers · CH01
2023-09-07
appoint-person-director-company-with-name-date
officers · AP01
2023-09-07