ALLASPEX LTD

🌳Matureactive
04656746 · ltd · incorporated 2003-02-05
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.0k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Special-situation opportunity
Distressed construction with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (78/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (69/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £1,000

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£1k
Current Assets
£10k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-31
Total assets£4.6k
Current assets£9.6k
Net assets£1.0k

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 gazette
Last 180 days
1
filing
  • • 1 gazette
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-05-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-12-12
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2024-06-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-07-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-07-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-03-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-08-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2016-06-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-02-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-08-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-02-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-09-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2003-02-05
    🏢
    Company incorporated
    As ALLASPEX LTD
  18. 2003-02-05
    ➕
    BAITUP, Caroline Joy appointed
    secretary
  19. 2003-02-05
    ➕
    BAITUP, Caroline Joy appointed
    director
  20. 2003-02-05
    ➕
    BAITUP, Robert Michael appointed
    director

Owner dependency

91/100
Critical — business is the founder

The 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.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

81/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-19

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Carol Baitup
Individual · British · DOB 10/1957 · age 69
25–50%
—25-50% shares05/02/2017
Mr Robert Michael Baitup
Individual · British · DOB 03/1957 · age 69
25–50%
—25-50% shares05/02/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2003-02-05
Jurisdictionengland-wales
Primary SIC41202 — Construction of domestic buildings

Registered office

5 Orchard Gardens
Teignmouth
Devon
TQ14 8DP

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-02-19OVERDUE
Last: 2025-02-05

Officers (3 active · 0 resigned)

BAITUP, Caroline Joy→
secretary · appointed 2003-02-05
View their other companies + combined net worth →
Active
BAITUP, Caroline Joy→
director · ~69y · appointed 2003-02-05
View their other companies + combined net worth →
Active
BAITUP, Robert Michael→
director · ~69y · appointed 2003-02-05
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (55 total)

gazette-notice-compulsory
gazette · GAZ1
2026-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-12
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-28