ADVANCE TOPCO LIMITED
🌳Matureactive
09555348 · ltd · incorporated 2015-04-22
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
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
PursueActive trading company with a 65-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 65). 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
4 live charges · 3 lenders · oldest 11.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 11.1 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: medium (62/100)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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
2
filings
- • 1 accounts
- • 1 officers
Last 90 days
4
filings
- • 2 officers
- • 1 accounts
- • 1 confirmation-statement
Last 180 days
4
filings
- • 2 officers
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2026-06-08📄accounts-with-accounts-type-groupaccounts · AA
- 2026-06-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-31➖SYMONS, Andrew John resigneddirector
- 2026-04-23📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-17📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-04-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-04-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-10-12📄accounts-with-accounts-type-groupaccounts · AA
- 2023-09-19📄accounts-with-accounts-type-groupaccounts · AA
- 2023-07-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-16➖REYNOLDS, Andrew Paul resigneddirector
- 2022-11-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-10-12📄accounts-with-accounts-type-groupaccounts · AA
- 2021-09-29📄accounts-with-accounts-type-groupaccounts · AA
- 2021-01-07📄accounts-with-accounts-type-groupaccounts · AA
- 2020-12-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-12-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-12-21🔓Charge satisfied #3
- 2020-12-21🔓Charge satisfied #2
- 2020-12-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-12-04🔒Charge registered #4Lender: Tc Loans (Cbils) Limited
- 2019-09-18📄accounts-with-accounts-type-groupaccounts · AA
- 2016-06-21🔒Charge registered #3Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2016-06-21🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2015-09-03➕MORRISON, Graham appointeddirector
- 2015-09-03➖HENDERSON-LONDONO, Ian resigneddirector
- 2015-05-22➕REYNOLDS, Andrew Paul appointeddirector
- 2015-05-22➕SYMONS, Andrew John appointeddirector
- 2015-05-22🔒Charge registered #1Lender: Alcuin Gp Limited
- 2015-04-22🏢Company incorporatedAs ADVANCE TOPCO LIMITED
- 2015-04-22➕STOREY, Mark Henry appointeddirector
- 2015-04-22➕HENDERSON-LONDONO, Ian appointeddirector
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 65 — succession pressure is live.
Succession & seller-readiness
61/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️
Alcuin Capital Partners Llp
Corporate parent · board control
🏛️
Alcuin Gp Iii Llp
Corporate parent
⬇
ADVANCE TOPCO LIMITED
This company · 09555348
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Alcuin Capital Partners Llp Corporate entity | — | 75–100% | board control75-100% voting · board control | 06/04/2016 |
Alcuin Gp Iii Llp Corporate entity | — | — | sig. influencesignificant influence | 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.
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| AL PRECISION FINANCE LTD→ 16888390 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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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
Incorporated2015-04-22
Jurisdictionengland-wales
Primary SIC70100 — Activities of head offices
Registered office
One Brunswick Square Brunswick Square
Ground Floor
Bristol
BS2 8PE
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-06
Last: 2026-04-22
Officers (2 active · 3 resigned)
MORRISON, Graham→
Activedirector · ~45y · appointed 2015-09-03
View their other companies + combined net worth →
STOREY, Mark Henry→
Activedirector · ~65y · appointed 2015-04-22
View their other companies + combined net worth →
HENDERSON-LONDONO, Ian→
Resigneddirector · ~52y · appointed 2015-04-22 · resigned 2015-09-03
REYNOLDS, Andrew Paul→
Resigneddirector · ~71y · appointed 2015-05-22 · resigned 2023-07-16
SYMONS, Andrew John→
Resigneddirector · ~70y · appointed 2015-05-22 · resigned 2026-05-31
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Tc Loans (Cbils) Tc Loans (Cbils) Limited | A registered charge | 3 properties | 04/12/2020 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 21/06/2016 | 21/12/2020 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 21/06/2016 | 21/12/2020 | |
| outstanding | Alcuin Gp Alcuin Gp Limited | A registered charge | — | 22/05/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (53 total)
accounts-with-accounts-type-group
accounts · AA
2026-06-08
termination-director-company-with-name-termination-date
officers · TM01
2026-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-23
change-person-director-company-with-change-date
officers · CH01
2026-04-23
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-22
accounts-with-accounts-type-group
accounts · AA
2024-10-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-22
accounts-with-accounts-type-group
accounts · AA
2023-09-19
termination-director-company-with-name-termination-date
officers · TM01
2023-07-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-30
accounts-with-accounts-type-group
accounts · AA
2022-10-12