A FULLARD LIMITED
🌳Matureactive
04557764 · ltd · incorporated 2002-10-09
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
—
year to Dec 2024
Net worth
£313.0k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
PursueAsset-holding vehicle. Family succession underway — not a classic acquisition target.
Opportunity 82/100 (exceptional), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 21.9y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (76/100)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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £312,981
Net assets shrinking
Down £53,099 YoY
Cash YoY
-24%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£238k
↓ 24% YoY
Net Worth
£313k
↓ 15% YoY
Current Assets
£313k
↓ 23% 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 | £313.0k | £366.1k |
| Current assets | £312.8k | £404.5k |
| Cash | £237.6k | £311.1k |
| Debtors | £64.5k | £82.4k |
| Net assets | £313.0k | £366.1k |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-09🔓Charge satisfied #1
- 2024-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-01➕FULLARD, Kate Alexandra appointeddirector
- 2023-12-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-03📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2018-09-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-16📄mortgage-charge-whole-cease-with-charge-numbermortgage · MR05
- 2017-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-09-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-10-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2004-07-30🔒Charge registered #1Lender: Capital Home Loans Limited
- 2002-10-09🏢Company incorporatedAs A FULLARD LIMITED
- 2002-10-09➕FULLARD, Kate Alexandra appointedsecretary
- 2002-10-09➕FULLARD, Alan John appointeddirector
- 2002-10-09➕CRS LEGAL SERVICES LIMITED appointedcorporate-nominee-secretary
- 2002-10-09➖CRS LEGAL SERVICES LIMITED resignedcorporate-nominee-secretary
- 2002-10-09➕MC FORMATIONS LIMITED appointedcorporate-nominee-director
- 2002-10-09➖MC FORMATIONS LIMITED resignedcorporate-nominee-director
Owner dependency
99/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "FULLARD" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
26/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- primaryFamily succession underway: Not a takeover target — FULLARD, Kate Alexandra (same surname) appointed 2023-12-01. Pattern consistent with intra-family handover.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alan John Fullard Individual · British · DOB 05/1966 · age 60 | 75–100% | — | 75-100% shares | 01/10/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| A & K WINDOWS LIMITED→ 05586976 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
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| ADAM BUILDERS LTD→ 09938419 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
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| AFL SITE SOLUTIONS LTD→ 13601616 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AGML (UK) LIMITED→ 10138766 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AGRICULTURAL, FORESTRY SERVICES & DEVELOPMENTS LIMITED→ 05820883 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2002-10-09
Jurisdictionengland-wales
Primary SIC43220 — Plumbing, heat and air-conditioning installation
Registered office
12 Copper Beech Close
Swanland
East Yorkshire
HU14 3LR
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09
Officers (3 active · 2 resigned)
FULLARD, Kate Alexandra→
Activesecretary · appointed 2002-10-09
View their other companies + combined net worth →
FULLARD, Alan John→
Activedirector · ~60y · appointed 2002-10-09
View their other companies + combined net worth →
FULLARD, Kate Alexandra→
Activedirector · ~52y · appointed 2023-12-01
View their other companies + combined net worth →
CRS LEGAL SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-10-09 · resigned 2002-10-09
MC FORMATIONS LIMITED→
Resignedcorporate-nominee-director · appointed 2002-10-09 · resigned 2002-10-09
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Capital Home Loans Capital Home Loans Limited | Charge | 1 property | 30/07/2004 | 09/10/2024 |
Recent filings (62 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-20
appoint-person-director-company-with-name-date
officers · AP01
2023-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-09