ARECO LIMITED

🌳Matureactive

06057526 · ltd · incorporated 2007-01-18

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£707.3k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 19.2y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 19.2 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

15 officers (6 active, 15 linked, 10 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

9 connected companies via shared directors

Filing history

75 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £707,260

Net assets shrinking

Down £1,239,319 YoY

Cash draining

Cash down 87% YoY

Cash YoY

-87%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£57k

↓ 87% YoY

Net Worth

£707k

↓ 64% YoY

Current Assets

£2.0m

↑ 3.2% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£720.4k	£1.96M
Current assets	£1.97M	£1.90M
Cash	£57.0k	£449.3k
Debtors	£1.14M	£752.7k
Net assets	£707.3k	£1.95M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (52 events)Click to expand

2026-01-28
📄
accounts-with-accounts-type-small
accounts · AA
2025-09-05
📄
change-person-director-company-with-change-date
officers · CH01
2025-02-14
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-02-13
➕
DAVIES, Richard Andrew appointed
secretary
2025-02-13
➖
BURNS, Paul Barry resigned
secretary
2025-02-13
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-01-30
📄
accounts-with-accounts-type-small
accounts · AA
2024-06-14
📄
change-person-director-company-with-change-date
officers · CH01
2024-06-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-06-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-06-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-06-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-06-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-11
➖
DOYLE, Patrick Michael resigned
director
2024-06-11
➖
URSELL, Suzanne Mary resigned
director
2024-06-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-11
🔒
Charge registered #5
Lender: Suzanne Mary Ursell
2024-06-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-04
🔓
Charge satisfied #1
2024-06-03
➕
MCLEAN, Gordon Paul appointed
director
2024-06-03
➕
WEEDS, Alexander William appointed
director
2024-06-03
🔒
Charge registered #4
Lender: Close Brothers Limited
2024-06-03
🔒
Charge registered #3
Lender: Close Invoice Finance Limited
2024-01-30
📄
accounts-with-accounts-type-small
accounts · AA
2023-10-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-01
➕
BURNS, Paul Barry appointed
director
2023-09-01
➕
MOORCROFT, Helena Jane appointed
director
2023-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-19
📄
accounts-with-accounts-type-small
accounts · AA
2021-12-21
📄
accounts-with-accounts-type-small
accounts · AA
2021-05-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-04-24
➖
WATTS, Eric Bertram resigned
director
2018-04-30
➖
KEEN, Stephen William resigned
director
2015-03-26
🔓
Charge satisfied #2
2013-12-01
➕
BURNS, Paul Barry appointed
secretary
2013-11-30
➖
BLAKEMORE, Christopher Edward resigned
secretary
2013-04-10
➕
BLAKEMORE, Christopher Edward appointed
secretary
2013-04-10
➖
THORNTON, Ian Richard resigned
secretary
2013-02-14
➖
BLAKEMORE, Christopher Edward resigned
secretary
2013-02-14
➕
THORNTON, Ian Richard appointed
secretary
2009-09-11
➖
URSELL, David Peter resigned
director
2007-06-01
➕
URSELL, Suzanne Mary appointed
director
2007-05-01
➕
DAVIES, Richard Andrew appointed
director
2007-05-01
🔒
Charge registered #2
Lender: National Westminster Bank PLC
2007-05-01
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2007-01-18
🏢
Company incorporated
As ARECO LIMITED
2007-01-18
➕
BLAKEMORE, Christopher Edward appointed
secretary
2007-01-18
➕
DOYLE, Patrick Michael appointed
director
2007-01-18
➕
KEEN, Stephen William appointed
director

Showing most recent 50 of 52 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

53/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
secondary12+ year tenure: Director in role 19 years.
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.

Group structure

Watts Clift Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Watts Clift Holdings Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ARECO LIMITED

This company · 06057526

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
Watts Clift Holdings Limited Corporate entity	75–100%	—	75-100% shares	06/04/2016

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 →

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ALAMGEER FOODS LIMITED→ 04284954 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
ANCHOR BATTERIES LTD→ 16953629 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ANNSALAT UK LIMITED→ 16359926 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ANTIFERENCE LIMITED→ 00336260 · est 1938 · no financials extracted	—	—	—	—	88y	—	—
APARTS SERVICES LTD→ 06724504 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
APPLIED FLUID POWER LIMITED→ 03658384 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
APPLIED MINERALS LIMITED→ 08328873 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
AR INTERNATIONAL HOLDINGS LTD→ 11606959 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ASG223 LTD→ 14565428 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
ASME RETAIL LIMITED→ 10490861 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
ASTER TECHNOLOGY UK LIMITED→ 11779438 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
ATKINSON TECH HUB LTD→ 16852485 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated2007-01-18

Jurisdictionengland-wales

Primary SIC46900 — Non-specialised wholesale trade

Registered office

Watts Clift Holdings Limited

Westgate

Aldridge, Walsall

West Midlands

WS9 8DJ

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-12-28

Last: 2025-12-14