A1 POWDER COATINGS LIMITED
💤Zombieactive
04637974 · ltd · incorporated 2003-01-15
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 Mar 2025
Net worth
£628.0k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 79/100 (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: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 22.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 £627,962
Cash YoY
-27%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£346k
↓ 27% YoY
Net Worth
£628k
↑ 5.1% YoY
Current Assets
£797k
↑ 5.8% 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 | £630.5k | £600.8k |
| Current assets | £796.7k | £753.0k |
| Cash | £346.2k | £472.2k |
| Debtors | £400.5k | £230.8k |
| Net assets | £628.0k | £597.5k |
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
2
filings
- • 1 capital
- • 1 resolution
Last 90 days
8
filings
- • 3 persons-with-significant-control
- • 2 officers
- • 1 capital
Last 180 days
8
filings
- • 3 persons-with-significant-control
- • 2 officers
- • 1 capital
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2026-05-19📄capital-cancellation-sharescapital · SH06
- 2026-05-17📄resolutionresolution · RESOLUTIONS
- 2026-04-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-04-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-04-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-28➕BADNELL, Kevin Richard appointeddirector
- 2026-02-28➖WILLIS, Malcolm Michael resigneddirector
- 2025-07-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2011-09-30➖WILLIS, Graham resignedsecretary
- 2011-09-30➖WILLIS, Graham resigneddirector
- 2004-03-09🔒Charge registered #1Lender: National Westminster Bank PLC
- 2003-01-15🏢Company incorporatedAs A1 POWDER COATINGS LIMITED
- 2003-01-15➕WILLIS, Graham appointedsecretary
- 2003-01-15➕WILLIS, Graham appointeddirector
- 2003-01-15➕WILLIS, Malcolm Michael appointeddirector
Owner dependency
83/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- 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.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kevin Richard Badnell Individual · British · DOB 04/1968 · age 58 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/02/2026 |
2 historic (ceased) PSCs
- Mrs Helen Willisceased 28/02/2026· 75-100% shares · 75-100% voting
- Mr Malcolm Michael Willisceased 28/02/2026· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · SO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1402201420012025 LTD→ 08898569 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| 3D HOME SOLUTIONS LTD→ 16066650 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 51 THE DEAN LIMITED→ 11276736 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 5HE'S ELECTRIC LTD→ 16704421 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 9 UPPER HIGH STREET WINCHESTER DEVELOPMENT LTD→ 15512231 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A BUILDER (NETLEY) LIMITED→ 06069072 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| A1 UK CONTRACTORS LTD→ 13569051 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AA CONSTRUCTION (SOUTHERN) LTD→ 10088209 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| AA FENCING HAMPSHIRE LTD→ 14076168 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AB MANAGEMENT & MAINTENANCE LIMITED→ 16097673 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AB ROOFING LTD→ 11820658 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ABBAS SOUTH LIMITED→ 16370204 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2003-01-15
Jurisdictionengland-wales
Primary SIC43999 — Other specialised construction activities n.e.c.
Registered office
130 Bournemouth Road
Chandlers Ford
Eastleigh
Hants
SO53 3AL
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-19
Last: 2026-04-05
Officers (1 active · 3 resigned)
BADNELL, Kevin Richard→
Activedirector · ~58y · appointed 2026-02-28
View their other companies + combined net worth →
WILLIS, Graham→
Resignedsecretary · appointed 2003-01-15 · resigned 2011-09-30
WILLIS, Graham→
Resigneddirector · ~61y · appointed 2003-01-15 · resigned 2011-09-30
WILLIS, Malcolm Michael→
Resigneddirector · ~66y · appointed 2003-01-15 · resigned 2026-02-28
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 | Debenture | 1 property | 09/03/2004 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (66 total)
capital-cancellation-shares
capital · SH06
2026-05-19
resolution
resolution · RESOLUTIONS
2026-05-17
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-05
appoint-person-director-company-with-name-date
officers · AP01
2026-04-05
termination-director-company-with-name-termination-date
officers · TM01
2026-04-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-08