ALEXANDRA HEATING SERVICES LIMITED
Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -66% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 19.3y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2026-02-28 | 2025-02-28 |
|---|---|---|
| Total assets | £802.1k | £2.87M |
| Current assets | £1.36M | £3.28M |
| Cash | £714.0k | £2.10M |
| Debtors | £562.4k | £1.07M |
| Net assets | £745.8k | £2.80M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (29 events)Click to expand
- 2026-06-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-06-06📄memorandum-articlesincorporation · MA
- 2025-06-06📄resolutionresolution · RESOLUTIONS
- 2025-06-06📄capital-name-of-class-of-sharescapital · SH08
- 2025-06-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-06-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-06-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-10-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-04-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-06-26📄capital-alter-shares-subdivisioncapital · SH02
- 2019-06-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-01-31➕HOLT, Elizabeth Alice appointeddirector
- 2016-12-06🔓Charge satisfied #1
- 2016-12-02🔒Charge registered #2Lender: Santander UK PLC
- 2008-07-23➖ST BARBE COMPANY SERVICES LTD resignedcorporate-secretary
- 2007-03-22🔒Charge registered #1Lender: National Westminster Bank PLC
- 2007-01-29🏢Company incorporatedAs ALEXANDRA HEATING SERVICES LIMITED
- 2007-01-29➕BETTS, Alan Alexander appointeddirector
- 2007-01-29➕ST BARBE COMPANY SERVICES LTD appointedcorporate-secretary
- 2007-01-29➕TEMPLE SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2007-01-29➖TEMPLE SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2007-01-29➕COMPANY DIRECTORS LIMITED appointedcorporate-nominee-director
- 2007-01-29➖COMPANY DIRECTORS LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 19 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
cleanGroup structure
Alexandra Heating Services Trustee Company Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Alexandra Heating Services Trustee Company Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/06/2025 |
2 historic (ceased) PSCs
- Ms Elizabeth Alice Holtceased 02/06/2025· 25-50% shares
- Mr Alan Alexander Bettsceased 02/06/2025· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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6 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 →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
Registered office
Filing status
Officers (2 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Santander Santander UK PLC | A registered charge | — | 02/12/2016 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 22/03/2007 | 06/12/2016 |