ANDOVER AUCTIONS (2016) LIMITED
Opportunity 65/100 (strong), bankability 65/100. 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 -34% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (78/100)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 · accounting standard not declaredKey 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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-30.7k | £-12.6k |
| Current assets | £813 | £1.6k |
| Cash | £813 | £1.2k |
| Debtors | — | £342 |
| Net assets | £-31.4k | £-15.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
Corporate timeline (20 events)Click to expand
- 2025-12-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-08-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-01-07📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-01-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-12-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-10-22✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2015-10-01➕WITTS, Gregory Daniel appointeddirector
- 2015-10-01➖RANSOME, Dean resigneddirector
- 2012-03-06🏢Company incorporatedAs ANDOVER AUCTIONS (2016) LIMITED
- 2012-03-06➕RANSOME, Dean appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-12-25
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8 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 · 1 resigned)
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