AARDVARK ASSOCIATES LTD

🌳Matureactive
09373197 · ltd · incorporated 2015-01-05
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
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Turnover
year to Mar 2025
Net worth
£169.1k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
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 £169,086
Net assets shrinking
Down £29,969 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
£8k
Net Worth
£169k
↓ 15% YoY
Current Assets
£241k
↓ 9.8% YoY
Current Liabilities
£0£54k£107k£161k£214k£268kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£177.9k£232.3k
Current assets£241.4k£267.7k
Cash£7.9k
Debtors£233.5k£267.7k
Net assets£169.1k£199.1k

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-04-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-03-21
    PATEL, Kalpesh Rati appointed
    director
  5. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-12-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-12-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-12-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-12-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-12-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2022-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2015-01-05
    🏢
    Company incorporated
    As AARDVARK ASSOCIATES LTD
  18. 2015-01-05
    DRYSDALE, Nathaniel Jonathan Thomas appointed
    director

Owner dependency

63/100
High — earn-out structure required

Material 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.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

41/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Nathaniel Jonathan Thomas Drysdale
Individual · British · DOB 01/1982 · age 44
5075%
50-75% shares06/04/2016
1 historic (ceased) PSC
  • Ms Lisa Alison Jennifer De Costaceased 07/01/2025· 25-50% shares

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
Incorporated2015-01-05
Jurisdictionengland-wales
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-22
Last: 2026-01-08

Officers (2 active · 0 resigned)

DRYSDALE, Nathaniel Jonathan Thomas
director · ~44y · appointed 2015-01-05
View their other companies + combined net worth →
Active
PATEL, Kalpesh Rati
director · ~44y · appointed 2025-03-21
View their other companies + combined net worth →
Active

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

Recent filings (32 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-13
appoint-person-director-company-with-name-date
officers · AP01
2025-04-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-12-22
change-person-director-company-with-change-date
officers · CH01
2022-12-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-12-21
change-person-director-company-with-change-date
officers · CH01
2022-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21