AMERICOVER LIMITED
🌳Matureactive
08550086 · ltd · incorporated 2013-05-30
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 Dec 2024
Net worth
£23.2k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Non-life insurance
Sector: Financial & insurance
Investor take
PursueAsset-holding vehicle with a 74-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 74). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).
Data confidence
Overall: high (81/100)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
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
33 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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £23,193
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£23k
~ YoY
Current Assets
£203
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £23.2k | £23.2k |
| Current assets | £203 | £203 |
| Net assets | £23.2k | £23.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2025-09-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-13📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-09-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-09-06➕LOPEZ, Lourene appointedsecretary
- 2022-09-05➖HANNAM, Patricia Joan resignedsecretary
- 2022-09-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-31📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-05-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-05-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-07-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-08-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-06-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-01-30➕WAHL, Timothy Lee appointeddirector
- 2013-05-30🏢Company incorporatedAs AMERICOVER LIMITED
- 2013-05-30➕READINGS, Nicholas Beresford appointeddirector
- 2013-05-30➕HANNAM, Patricia Joan appointedsecretary
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 74 — succession pressure is live.
Succession & seller-readiness
79/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Timothy Lee Wahl Individual · American · DOB 11/1953 · age 73 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 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
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|---|---|---|---|---|---|---|---|
| 1697 LIMITED→ 10388253 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A KERRY SERVICES LIMITED→ 12322131 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| A.D.S. INSURANCE BROKERS LIMITED→ 02261242 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| ABACUS COLCHESTER LIMITED→ 06393406 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ABCO INSURANCE SERVICES LIMITED→ 04670817 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| ADELANTE ASSET MANAGEMENT LIMITED→ 04643643 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| AHBCOMPANY LTD→ 11510325 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AJ PROTECT LTD→ 09216717 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AJAX WEALTH MANAGEMENT LIMITED→ 11147499 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ANCHOR CAPITAL SOLUTIONS LIMITED→ 16350719 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ANDREW CASEY FINANCIAL SERVICES LTD→ 08115313 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ANDREW HAY ADVISORY LIMITED→ 12185790 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2013-05-30
Jurisdictionengland-wales
Primary SIC65120 — Non-life insurance
Registered office
5 Churchwell Avenue
Easthorpe
Colchester
Essex
CO5 9HN
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-13
Last: 2025-05-30
Officers (3 active · 1 resigned)
Active
READINGS, Nicholas Beresford→
Activedirector · ~74y · appointed 2013-05-30
View their other companies + combined net worth →
WAHL, Timothy Lee→
Activedirector · ~73y · appointed 2014-01-30
View their other companies + combined net worth →
HANNAM, Patricia Joan→
Resignedsecretary · appointed 2013-05-30 · resigned 2022-09-05
Click a director name to see their full track record across all companies.
Recent filings (33 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-07
appoint-person-secretary-company-with-name-date
officers · AP03
2022-09-13
termination-secretary-company-with-name-termination-date
officers · TM02
2022-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-31
change-person-director-company-with-change-date
officers · CH01
2022-05-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-24