A.M. WARKUP LIMITED

🌳Matureactive

04358099 · ltd · incorporated 2002-01-22

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£2.84M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Construction of commercial buildings

Sector: Construction

Investor take

Pursue

Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 23.3y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 23.3 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

14 officers (5 active, 14 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 5 total, 5 with control declared

Director network

1 connected companies via shared directors

Filing history

107 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £2,844,457

Net assets shrinking

Down £190,052 YoY

Cash YoY

-16%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1.1m

↓ 16% YoY

Net Worth

£2.8m

↓ 6.3% YoY

Current Assets

£3.9m

↑ 23% YoY

Current Liabilities

—

Hover 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	£2.96M	£3.14M
Current assets	£3.92M	£3.20M
Cash	£1.11M	£1.33M
Debtors	£1.59M	£666.4k
Net assets	£2.84M	£3.03M

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (46 events)Click to expand

2025-07-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-18
➖
NICHOLSON, Susan Anne resigned
secretary
2024-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-08-31
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-08-31
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-31
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-01
➕
YOUNG, Jack William appointed
director
2022-05-16
📄
change-person-director-company-with-change-date
officers · CH01
2022-05-16
📄
change-person-director-company-with-change-date
officers · CH01
2021-08-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-08-31
➖
MORLEY, Norman Oliver resigned
director
2020-08-28
📄
capital-name-of-class-of-shares
capital · SH08
2020-08-27
📄
memorandum-articles
incorporation · MA
2020-08-27
📄
resolution
resolution · RESOLUTIONS
2020-08-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-25
➖
WARKUP, Arthur Michael resigned
director
2018-01-01
➕
HALL, Andrew John appointed
director
2017-08-08
➕
MIDDLEWOOD, Tracey Ann appointed
director
2017-08-03
🔒
Charge registered #3
Lender: Lloyds Bank PLC
2017-05-23
🔓
Charge satisfied #2
2013-05-31
➖
MACIVOR, Nicholas John resigned
director
2007-09-21
🔓
Charge satisfied #1
2005-01-11
🔒
Charge registered #2
Lender: Lloyds Tsb Bank PLC
2003-02-26
➕
MASON, Allan appointed
director
2003-02-26
➕
YOUNG, Sally appointed
director
2003-02-26
➕
NICHOLSON, Susan Anne appointed
secretary
2003-02-26
➖
YOUNG, Sally resigned
secretary
2003-02-26
➕
MACIVOR, Nicholas John appointed
director
2003-02-26
➕
MORLEY, Norman Oliver appointed
director
2003-02-26
➖
WARKUP, Susan Mary resigned
director
2003-02-26
🔒
Charge registered #1
Lender: Arthur Michael Warkup and Susan Mary Warkup
2002-04-11
➖
WARKUP, Arthur Michael resigned
secretary
2002-04-11
➕
YOUNG, Sally appointed
secretary
2002-01-22
🏢
Company incorporated
As A.M. WARKUP LIMITED
2002-01-22
➕
WARKUP, Arthur Michael appointed
secretary
2002-01-22
➕
WATERLOW SECRETARIES LIMITED appointed
corporate-nominee-secretary
2002-01-22
➖
WATERLOW SECRETARIES LIMITED resigned
corporate-nominee-secretary
2002-01-22
➕
WARKUP, Arthur Michael appointed
director
2002-01-22
➕
WARKUP, Susan Mary appointed
director
2002-01-22
➕
WATERLOW NOMINEES LIMITED appointed
corporate-nominee-director
2002-01-22
➖
WATERLOW NOMINEES LIMITED resigned
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — 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 74 years old. Natural succession window is now.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 24 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

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Saltrasu Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Saltrasu Holdings Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

A.M. WARKUP LIMITED

This company · 04358099

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
Saltrasu Holdings Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	15/08/2022

4 historic (ceased) PSCs

Mrs Sally Ann Youngceased 15/08/2022· 25-50% shares
Mrs Tracey Ann Middlewoodceased 15/08/2022· 25-50% shares
Mrs Susan Mary Warkupceased 19/06/2019· 25-50% shares · 25-50% voting
Mr Arthur Michael Warkupceased 25/01/2019· 25-50% shares · 25-50% 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 →

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AMBLESIDE HOMES (SPARROW 2025) LTD→ 16440121 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AMBLESIDE HOMES LIMITED→ 09267067 · est 2014 · no financials extracted	—	—	—	—	11y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2002-01-22

Jurisdictionengland-wales

Primary SIC41201 — Construction of commercial buildings

Registered office

Aerodrome Works

Lissett

Driffield

East Yorkshire

YO25 8PY

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-09

Last: 2026-01-26