AA CONSTRUCTION UTILITIES LTD
🌳Matureactive
07292540 · ltd · incorporated 2010-06-22
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 Jun 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Construction of roads and motorways
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
8 live charges · 4 lenders · oldest 10.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 10.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (73/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
75 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.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-06-30 |
|---|---|
| Average employees | 1400 |
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
3
filings
- • 2 persons-with-significant-control
- • 1 accounts
Last 180 days
3
filings
- • 2 persons-with-significant-control
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2026-03-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2026-03-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-03-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-04-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-19📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-09-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-04🔓Charge satisfied #3
- 2024-09-04🔓Charge satisfied #2
- 2024-09-04🔓Charge satisfied #1
- 2024-08-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-02🔒Charge registered #8Lender: Allica Bank Limited
- 2024-08-02🔒Charge registered #7Lender: Allica Bank Limited
- 2024-07-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-16🔓Charge satisfied #6
- 2024-07-16🔓Charge satisfied #5
- 2024-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-11📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-08-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-29📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-03-31📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-12-19🔓Charge satisfied #4
- 2019-07-12🔒Charge registered #6Lender: Reward Capital Limited
- 2019-07-12🔒Charge registered #5Lender: Reward Capital Limited
- 2019-05-09➕THORBURN, Michael appointeddirector
- 2019-03-29🔒Charge registered #4Lender: Lloyds Bank Commercial Finance LTD
- 2019-01-09🔒Charge registered #3Lender: Lloyds Bank PLC
- 2016-05-03🔒Charge registered #2Lender: Lloyds Bank PLC
- 2016-04-21🔒Charge registered #1Lender: Lloyds Bank PLC
- 2010-06-22🏢Company incorporatedAs AA CONSTRUCTION UTILITIES LTD
- 2010-06-22➕WILSON, Julie appointeddirector
Owner dependency
81/100
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 16 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
69/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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 |
|---|---|---|---|---|
Mr Michael Thorburn Individual · British · DOB 11/1968 · age 58 | 25–50% | — | 25-50% shares | 06/04/2016 |
Ms Julie Wilson Individual · British · DOB 08/1971 · age 55 | 25–50% | — | 25-50% 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 →Similar companies
Active · Construction · NE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 7BRIDGES LIVING LTD→ 13412319 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| A. BENSON PROPERTIES LIMITED→ 06331862 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| A.A.S. CONTRACTORS LTD→ 13263191 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| A.ARMSTRONG WIND SERVICES LTD→ 15183314 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A1 DOUBLE GLAZING REPAIRS LTD→ 07881158 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| A1 PLUMBING AND HEATING LIMITED→ 04526554 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| AA FLAT ROOFING & PROPERTY MAINTENANCE LTD→ 17011344 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AAGG CONSTRUCTION LTD→ 14749321 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AAO CAPITAL LTD→ 13524534 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ABBEY VIEW (NORTH EAST) LTD→ 14270729 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ABBEYVIEW HOUSING LTD→ 13742331 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ABBWELD AND INSPECTION SERVICES LIMITED→ 09151382 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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
Incorporated2010-06-22
Jurisdictionengland-wales
Primary SIC42110 — Construction of roads and motorways
Registered office
Wesley Way
Benton Square Industrial Estate
Newcastle Upon Tyne
NE12 9TA
England
Filing status
Accounts
Next due: 2026-06-26
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-07-06
Last: 2025-06-22
Officers (2 active · 0 resigned)
THORBURN, Michael→
Activedirector · ~58y · appointed 2019-05-09
View their other companies + combined net worth →
WILSON, Julie→
Activedirector · ~55y · appointed 2010-06-22
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Allica Bank Allica Bank Limited | A registered charge | 3 properties | 02/08/2024 | — | |
| outstanding | Allica Bank Allica Bank Limited | A registered charge | — | 02/08/2024 | — | |
| satisfied | Reward Capital Reward Capital Limited | A registered charge | — | 12/07/2019 | 16/07/2024 | |
| satisfied | Reward Capital Reward Capital Limited | A registered charge | 1 property | 12/07/2019 | 16/07/2024 | |
| satisfied | Lloyds Banking Group Lloyds Bank Commercial Finance LTD | A registered charge | — | 29/03/2019 | 19/12/2019 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 09/01/2019 | 04/09/2024 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 03/05/2016 | 04/09/2024 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 21/04/2016 | 04/09/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (75 total)
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-03-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-07
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-03-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-04
change-person-director-company-with-change-date
officers · CH01
2024-08-21
change-person-director-company-with-change-date
officers · CH01
2024-08-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-05