ANDICON LIMITED
🌳Matureactive
05552834 · ltd · incorporated 2005-09-02
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 20.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£8.3k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other accommodation
Sector: Accommodation & food service
Investor take
PursueAsset-holding vehicle with a 80-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 80). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · oldest 20.4y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 20.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (77/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 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 · FRS 105 (micro)Positive net assets
Net assets £8,277
Net assets shrinking
Down £175 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£8k
↓ 2.1% YoY
Current Assets
£5k
↓ 42% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £8.3k | £8.5k |
| Current assets | £5.3k | £9.0k |
| Net assets | £8.3k | £8.5k |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-03-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-11-30➖FRY, Diana Mary resignedsecretary
- 2021-11-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-11-30📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-11-29➕THOMAS, Anna Louise appointedsecretary
- 2021-06-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-28🔓Charge satisfied #3
- 2020-02-28🔓Charge satisfied #2
- 2020-02-28🔓Charge satisfied #1
- 2019-06-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-01-21➖CUMMINGS, Robert Conrad resigneddirector
- 2010-08-02🔒Charge registered #3Lender: Lloyds Tsb Bank PLC
- 2010-08-02🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2006-02-07🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2005-09-02🏢Company incorporatedAs ANDICON LIMITED
- 2005-09-02➕FRY, Diana Mary appointeddirector
- 2005-09-02➕THOMAS, Anna Louise appointeddirector
- 2005-09-02➕FRY, Diana Mary appointedsecretary
- 2005-09-02➕CUMMINGS, Robert Conrad 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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
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 80 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 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Anna Louise Thomas Individual · British · DOB 08/1973 · age 53 | — | — | sig. influencesignificant influence | 06/10/2022 |
Mrs Diana Mary Fry Individual · British · DOB 05/1946 · age 80 | — | — | sig. influencesignificant influence | 01/08/2016 |
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
Incorporated2005-09-02
Jurisdictionengland-wales
Primary SIC55900 — Other accommodation
Registered office
And Icon Ltd 7 Richmond House
The Croft
Tenby
Pembrokeshire
SA70 8AP
Wales
Filing status
Accounts
Next due: 2027-06-29
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-11-09
Last: 2025-10-26
Officers (3 active · 2 resigned)
THOMAS, Anna Louise→
Activesecretary · appointed 2021-11-29
View their other companies + combined net worth →
FRY, Diana Mary→
Activedirector · ~80y · appointed 2005-09-02
View their other companies + combined net worth →
THOMAS, Anna Louise→
Activedirector · ~53y · appointed 2005-09-02
View their other companies + combined net worth →
FRY, Diana Mary→
Resignedsecretary · appointed 2005-09-02 · resigned 2021-11-30
CUMMINGS, Robert Conrad→
Resigneddirector · ~91y · appointed 2005-09-02 · resigned 2019-01-21
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 02/08/2010 | 28/02/2020 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 02/08/2010 | 28/02/2020 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 07/02/2006 | 28/02/2020 |
Recent filings (64 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-15
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-10-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-04
termination-secretary-company-with-name-termination-date
officers · TM02
2021-11-30
appoint-person-secretary-company-with-name-date
officers · AP03
2021-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-26