ABERSEA ENGINEERING LIMITED
Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 11.9y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 11.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 200 | 200 |
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
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (33 events)Click to expand
- 2025-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-30🔒Charge registered #3Lender: Bibby Financial Services Limited
- 2025-02-25📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-18📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-05📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2023-05-05⚠️legacyinsolvency · CAP-SS
- 2023-05-05📄legacycapital · SH20
- 2023-05-05📄resolutionresolution · RESOLUTIONS
- 2023-01-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-21📄change-person-director-company-with-change-dateofficers · CH01
- 2021-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-28➖WILSON, Nicola resignedsecretary
- 2020-10-28➖SMITH, Michael resigneddirector
- 2020-10-28➖WILSON, Nicola resigneddirector
- 2020-10-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-10-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-10-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-10-06➖CANFIELD, Sheona Elizabeth resignedsecretary
- 2017-10-06➕WILSON, Nicola appointedsecretary
- 2017-10-06➕SMITH, Michael appointeddirector
- 2017-10-06➕WILSON, Nicola appointeddirector
- 2015-11-29🔓Charge satisfied #2
- 2015-02-01➕HARPER, Scott Robert appointeddirector
- 2015-01-09🔒Charge registered #2Lender: Hitachi Capital (UK) PLC
- 2014-06-26🔒Charge registered #1Lender: Hsbc Bank PLC
- 2014-01-09🏢Company incorporatedAs ABERSEA ENGINEERING LIMITED
- 2014-01-09➕CANFIELD, Barry appointeddirector
- 2014-01-09➕CANFIELD, Sheona Elizabeth appointedsecretary
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high ·Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-05-05: legacy
Group structure
Mesh Global Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mesh Global Limited Corporate entity | 75–100% | — | 75-100% shares | 06/10/2017 |
2 historic (ceased) PSCs
- Mr Scott Harperceased 06/10/2017· 25-50% shares
- Mr Barry Canfieldceased 06/10/2017· 50-75% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 (2 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bibby Financial Services Bibby Financial Services Limited | A registered charge | — | 30/05/2025 | — | |
| satisfied | Hitachi Capital (UK) Hitachi Capital (UK) PLC | A registered charge | 1 property | 09/01/2015 | 29/11/2015 | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | — | 26/06/2014 | — |