ASCAN BUILDING LIMITED

🌳Matureactive
05459979 · ltd · incorporated 2005-05-23
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
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. 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

8 live charges · 3 lenders · oldest 18.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 18.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees100100

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
1
filing
  • • 1 persons-with-significant-control
Last 90 days
5
filings
  • • 3 officers
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
5
filings
  • • 3 officers
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-07-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-05-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-05-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-05-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-04-17
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2025-03-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-03-10
    ➖
    WADSWORTH, Sheila resigned
    director
  9. 2025-03-01
    ➖
    WADSWORTH, Sheila resigned
    secretary
  10. 2024-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-05-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-05-11
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2022-10-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-05-17
    ➕
    CANDY, Harvey Spencer appointed
    director
  15. 2022-05-17
    ➕
    CANDY, Olivia Harriet appointed
    director
  16. 2022-05-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2022-05-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2022-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-03-25
    📄
    capital-allotment-shares
    capital · SH01
  20. 2021-01-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-10-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2019-10-22
    🔓
    Charge satisfied #7
  24. 2018-10-31
    🔒
    Charge registered #8
    Lender: Security Trustee Services Limited as Security Agent
  25. 2018-10-16
    🔓
    Charge satisfied #5
  26. 2014-07-24
    🔒
    Charge registered #7
    Lender: Svenska Handelsbanken Ab (Publ)
  27. 2013-09-06
    🔒
    Charge registered #6
    Lender: Svenska Handelsbanken Ab (Publ)
  28. 2012-02-14
    🔓
    Charge satisfied #4
  29. 2012-02-03
    🔒
    Charge registered #5
    Lender: Svenska Handelsbanken Ab (Publ)
  30. 2011-12-07
    🔓
    Charge satisfied #2
  31. 2011-12-07
    🔓
    Charge satisfied #1
  32. 2011-10-18
    🔒
    Charge registered #4
    Lender: Svenska Handelsbanken Ab (Publ)
  33. 2011-06-29
    🔒
    Charge registered #3
    Lender: Svenska Handelsbanken Ab (Publ)
  34. 2008-01-28
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  35. 2007-11-27
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  36. 2005-05-23
    🏢
    Company incorporated
    As ASCAN BUILDING LIMITED
  37. 2005-05-23
    ➕
    CANDY, Anthony Spencer appointed
    director
  38. 2005-05-23
    ➕
    WADSWORTH, Sheila appointed
    secretary
  39. 2005-05-23
    ➕
    WADSWORTH, Sheila appointed
    director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — CANDY, Harvey Spencer (same surname) appointed 2022-05-17. Pattern consistent with intra-family handover.
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Anthony Spencer Candy
Individual · British · DOB 01/1964 · age 62
75–100%
75–100%75-100% shares · 75-100% voting01/06/2016
1 historic (ceased) PSC
  • Mrs Sheila Wadsworthceased 31/03/2018· 25-50% shares

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

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
Incorporated2005-05-23
Jurisdictionengland-wales
Primary SIC41202 — Construction of domestic buildings

Registered office

The Oaks Bell Lane
Lower Broadheath
Worcester
WR2 6RR

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-01
Last: 2026-04-17

Officers (3 active · 2 resigned)

CANDY, Anthony Spencer→
director · ~62y · appointed 2005-05-23
View their other companies + combined net worth →
Active
CANDY, Harvey Spencer→
director · ~31y · appointed 2022-05-17
View their other companies + combined net worth →
Active
CANDY, Olivia Harriet→
director · ~30y · appointed 2022-05-17
View their other companies + combined net worth →
Active
WADSWORTH, Sheila→
secretary · appointed 2005-05-23 · resigned 2025-03-01
Resigned
WADSWORTH, Sheila→
director · ~83y · appointed 2005-05-23 · resigned 2025-03-10
Resigned

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

Mortgages & charges

8
Total charges
3
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Security Trustee Services as Security Agent
Security Trustee Services Limited as Security Agent
A registered charge1 property31/10/2018—
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property24/07/201422/10/2019
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge1 property06/09/2013—
satisfied
Svenska Handelsbanken Ab (Publ)
Mortgage debenture1 property03/02/201216/10/2018
satisfied
Svenska Handelsbanken Ab (Publ)
Mortgage debenture1 property18/10/201114/02/2012
outstanding
Svenska Handelsbanken Ab (Publ)
Deed of legal mortgage2 properties29/06/2011—
satisfied
Virgin Money
Clydesdale Bank PLC
Legal mortgage1 property28/01/200807/12/2011
satisfied
Virgin Money
Clydesdale Bank PLC
Debenture1 property27/11/200707/12/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (75 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-07-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-18
change-person-director-company-with-change-date
officers · CH01
2026-05-18
change-person-director-company-with-change-date
officers · CH01
2026-05-18
change-person-director-company-with-change-date
officers · CH01
2026-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-17
termination-secretary-company-with-name-termination-date
officers · TM02
2025-04-17
termination-director-company-with-name-termination-date
officers · TM01
2025-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-11
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-06