AQJ PROPERTIES LIMITED

🌳Matureactive

09237787 · ltd · incorporated 2014-09-26

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 10.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2025

Net worth

£82.4k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 67-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · oldest 10.3y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 10.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

27 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £82,419

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£82k

↑ 14% YoY

Current Assets

£20k

↓ 26% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-09-30	2024-09-30
Total assets	£86.2k	£75.7k
Current assets	£20.4k	£27.6k
Net assets	£82.4k	£72.1k

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2026-06-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-06-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-06-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-06-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-10-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-06-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-04-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-04-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-04-11
🔒
Charge registered #3
Lender: Fleet Mortgages Limited
2016-04-11
🔒
Charge registered #2
Lender: Fleet Mortgages Limited
2016-04-11
🔒
Charge registered #1
Lender: Fleet Mortgages Limited
2014-09-26
🏢
Company incorporated
As AQJ PROPERTIES LIMITED
2014-09-26
➕
SPIVEY, Andrew Quentin Marshall appointed
director
2014-09-26
➕
SPIVEY, Joanne Barbara appointed
director

Owner dependency

86/100

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.
+Founder age: Director aged approximately 67 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

61/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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

Name	Shares	Voting rights	Nature of control	Notified
Mrs Joanne Barbara Spivey Individual · British · DOB 11/1966 · age 60	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016
Mr Andrew Quentin Marshall Spivey Individual · British · DOB 11/1959 · age 67	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated2014-09-26

Jurisdictionengland-wales

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

The Old Barn Westfield Road

Raywell

Cottingham

HU16 5ZA

England

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-10-10

Last: 2025-09-26

Officers (2 active · 0 resigned)

SPIVEY, Andrew Quentin Marshall→

director · ~67y · appointed 2014-09-26

View their other companies + combined net worth →

Active

SPIVEY, Joanne Barbara→

director · ~60y · appointed 2014-09-26

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Fleet Mortgages Fleet Mortgages Limited	A registered charge	1 property	11/04/2016	—
outstanding	Fleet Mortgages Fleet Mortgages Limited	A registered charge	1 property	11/04/2016	—
outstanding	Fleet Mortgages Fleet Mortgages Limited	A registered charge	1 property	11/04/2016	—

Click column headers to sort. Use filters above to narrow by status and lender.