AMMWATER LTD
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
1 live charge · oldest 18.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|
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 officers
Corporate timeline (25 events)Click to expand
- 2026-02-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2026-01-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-01-23➖MULLETT MERRICK, Mandy Elizabeth resignedsecretary
- 2025-02-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-02-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-12-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-02-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-02-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-02-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-02-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-02-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-02-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-06-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-02-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-08-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-02-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-05-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2008-03-06🔒Charge registered #1Lender: Hsbc Bank PLC
- 2007-05-30➖FORM 10 SECRETARIES FD LTD resignedcorporate-nominee-secretary
- 2007-05-30➖FORM 10 DIRECTORS FD LTD resignedcorporate-nominee-director
- 2007-05-25🏢Company incorporatedAs AMMWATER LTD
- 2007-05-25➕MULLETT MERRICK, Andrew Paul appointeddirector
- 2007-05-25➕MULLETT MERRICK, Mandy Elizabeth appointedsecretary
- 2007-05-25➕FORM 10 SECRETARIES FD LTD appointedcorporate-nominee-secretary
- 2007-05-25➕FORM 10 DIRECTORS FD LTD appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Paul Mullett-Merrick Individual · British · DOB 02/1967 · age 59 | 75–100% | — | 75-100% shares | 25/05/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 2 properties | 06/03/2008 | — |