ANDREW BROS LIMITED
🌳Matureactive
04992066 · ltd · incorporated 2003-12-11
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 Dec 2024
Net worth
£64.6k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 41201Construction of commercial buildings
- 41202Construction of domestic buildings
Investor take
PursueActive trading company with a 71-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
11 live charges · 5 lenders · oldest 22.4y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 22.4 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
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, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
79 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
80
Strong succession / seller-readiness signals.
Risk profile
77
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 £64,580
Key financials
2 years extracted from filed iXBRL accountsCash
£82k
Net Worth
£65k
↑ 16% YoY
Current Assets
£82k
↓ 66% 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 | £137.4k | £141.7k |
| Current assets | £81.6k | £242.5k |
| Cash | £81.6k | — |
| Debtors | — | £18.4k |
| Net assets | £64.6k | £55.5k |
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
2
filings
- • 1 mortgage
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (51 events)Click to expand
- 2026-03-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-18🔓Charge satisfied #8
- 2026-03-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-01➖ANDREW, Christan William resigneddirector
- 2025-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-06-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-10📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-04🔓Charge satisfied #11
- 2024-02-04🔓Charge satisfied #10
- 2024-02-04🔓Charge satisfied #9
- 2024-02-04🔓Charge satisfied #6
- 2024-02-04🔓Charge satisfied #4
- 2024-02-04🔓Charge satisfied #3
- 2024-02-01➖ANDREW, Peter Bennett resigneddirector
- 2023-09-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-03-23➕ANDREW, Christan William appointeddirector
- 2015-02-26🔒Charge registered #11Lender: Dmt Property Services Limited (04849918)
- 2014-03-14🔒Charge registered #10Lender: Catherine Mary Brewer
- 2014-03-14🔒Charge registered #9Lender: Lloyds Tsb Bank PLC
- 2010-12-21🔓Charge satisfied #5
- 2010-12-08🔒Charge registered #8Lender: Lloyds Tsb Bank PLC
- 2010-12-08🔒Charge registered #7Lender: Lloyds Tsb Bank PLC
- 2007-07-16🔒Charge registered #5Lender: Kaupthing Singer & Friedlander Limited
- 2007-07-08🔒Charge registered #6Lender: Lloyds Tsb Bank PLC
- 2006-12-22🔓Charge satisfied #2
- 2006-12-22🔓Charge satisfied #1
- 2006-12-01🔒Charge registered #4Lender: Lloyds Tsb Bank PLC
- 2006-10-24🔒Charge registered #3Lender: Lloyds Tsb Bank PLC
- 2004-02-06🔒Charge registered #2Lender: National Westminster Bank PLC
- 2004-01-15🔒Charge registered #1Lender: National Westminster Bank PLC
- 2003-12-19➕ANDREW, Peter Bennett appointeddirector
- 2003-12-11🏢Company incorporatedAs ANDREW BROS LIMITED
- 2003-12-11➕ANDREW, William Frank appointedsecretary
- 2003-12-11➕ANDREW, Robin Rex appointeddirector
- 2003-12-11➕ANDREW, William Frank appointeddirector
- 2003-12-11➕PAGET, Brian appointedsecretary
Showing most recent 50 of 51 events
Owner dependency
100/100
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 "ANDREW" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- 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.
- 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Andrew Bros Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Andrew Bros Holdings Limited
Corporate parent · holds 75-100% shares
⬇
ANDREW BROS LIMITED
This company · 04992066
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 |
|---|---|---|---|---|
Andrew Bros Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 07/06/2024 |
3 historic (ceased) PSCs
- Mr William Frank Andrewsceased 07/06/2024· 25-50% shares
- Mr Robin Rex Andrewsceased 07/06/2024· 25-50% shares
- Mr Christan William Andrewceased 07/06/2024· 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 · Construction · TR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AJS IGNITE LTD→ 15503857 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ALEXN TRADING LTD→ 13383090 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ALLRISE SCAFFOLDING LTD→ 14633070 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AMENO TRANSPORT LIMITED→ 14381060 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ANDREW ANNEAR ENGINEERING LIMITED→ 12829120 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ANNA WILSON PROPERTY LTD→ 12127060 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANNED DEVELOPMENTS LTD→ 14513665 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ANNED SCAFFOLDING LTD→ 15932023 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| APDP DEVELOPMENTS LTD→ 10208037 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| APPLE TREE HOMES LTD→ 11286865 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| AQUA CIVILS LIMITED→ 12334339 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AQUA-SOURCE (S.W.) LIMITED→ 04888323 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
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
Incorporated2003-12-11
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
Uplands
Gweal An Top
Redruth
Cornwall
TR15 2DS
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-25
Last: 2025-12-11
Officers (3 active · 3 resigned)
ANDREW, William Frank→
Activesecretary · appointed 2003-12-11
View their other companies + combined net worth →
ANDREW, Robin Rex→
Activedirector · ~67y · appointed 2003-12-11
View their other companies + combined net worth →
ANDREW, William Frank→
Activedirector · ~71y · appointed 2003-12-11
View their other companies + combined net worth →
PAGET, Brian→
Resignedsecretary · appointed 2003-12-11 · resigned 2003-12-11
ANDREW, Christan William→
Resigneddirector · ~43y · appointed 2015-03-23 · resigned 2026-03-01
ANDREW, Peter Bennett→
Resigneddirector · ~64y · appointed 2003-12-19 · resigned 2024-02-01
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
1
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Dmt Property Services (04849918) Dmt Property Services Limited (04849918) | A registered charge | 1 property | 26/02/2015 | 04/02/2024 | |
| satisfied | Catherine Mary Brewer | A registered charge | 1 property | 14/03/2014 | 04/02/2024 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 14/03/2014 | 04/02/2024 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 08/12/2010 | 18/03/2026 | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 08/12/2010 | — | |
| satisfied | Kaupthing Singer & Friedlander Kaupthing Singer & Friedlander Limited | Legal charge | 2 properties | 16/07/2007 | 21/12/2010 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Deposit agreement to secure own liabilities | 1 property | 08/07/2007 | 04/02/2024 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 01/12/2006 | 04/02/2024 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 24/10/2006 | 04/02/2024 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 06/02/2004 | 22/12/2006 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 15/01/2004 | 22/12/2006 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (79 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-18
termination-director-company-with-name-termination-date
officers · TM01
2026-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-07-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-10
change-person-director-company-with-change-date
officers · CH01
2024-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
termination-director-company-with-name-termination-date
officers · TM01
2024-03-07
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-04