ANDENOR LIMITED

🌳Matureactive
07708028 · ltd · incorporated 2011-07-18
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£1.56M
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (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 -54% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
Confirmed no charges registered
85
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
4 connected companies via shared directors
57
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,556,509
Cash draining
Cash down 54% YoY
Cash YoY
-54%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£446k
↓ 54% YoY
Net Worth
£1.6m
↑ 6.8% YoY
Current Assets
£4.0m
↑ 7.0% YoY
Current Liabilities
—
£0£793k£1.6m£2.4m£3.2m£4.0mAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£1.68M£1.61M
Current assets£3.96M£3.71M
Cash£445.6k£976.9k
Debtors£3.42M£2.73M
Net assets£1.56M£1.46M

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-02-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-02-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2023-07-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-05-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2017-08-14
    📄
    legacy
    miscellaneous · RP04CS01
  14. 2017-05-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-02-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2011-07-18
    🏢
    Company incorporated
    As ANDENOR LIMITED
  17. 2011-07-18
    ➕
    WILLIS, Lindsey appointed
    director
  18. 2011-07-18
    ➕
    WILLIS, Stuart Gavin appointed
    director

Owner dependency

81/100
Critical — business is the founder

The 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 15 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Lindsey Willis
Individual · British · DOB 12/1981 · age 45
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/12/2023
Mr Stuart Gavin Willis
Individual · British · DOB 02/1976 · age 50
25–50%
25–50%board control25-50% shares · 25-50% voting · board control18/07/2016

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2011-07-18
Jurisdictionengland-wales
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

74 Rowan Way
Balderton
Newark
Notts
NG24 3BJ
England

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-01
Last: 2025-07-18

Officers (2 active · 0 resigned)

WILLIS, Lindsey→
director · ~45y · appointed 2011-07-18
View their other companies + combined net worth →
Active
WILLIS, Stuart Gavin→
director · ~50y · appointed 2011-07-18
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (39 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-20