AASP GROUP UK (AUTOMOTIVE) LTD
- 49410Freight transport by road
Opportunity 69/100 (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 (58/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 1.5y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 1.5 years old — likely still in initial term.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (83/100)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 |
|---|---|---|
| Total assets | — | £563.4k |
| Current assets | — | £434.5k |
| Cash | — | £21.4k |
| Debtors | — | £376.2k |
| Net assets | — | £193.4k |
| Average employees | -1700 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 address
- • 2 mortgage
- • 1 address
- • 1 change-of-name
Corporate timeline (28 events)Click to expand
- 2026-03-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-02-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-13🔓Charge satisfied #1
- 2026-02-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-05🔒Charge registered #3Lender: Flex Abl Limited
- 2026-01-16✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-08🔓Charge satisfied #2
- 2025-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-11🔒Charge registered #2Lender: Finbiz Funding Limited
- 2024-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-20🔒Charge registered #1Lender: Bibby Financial Services Limited
- 2024-02-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-02-28📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-02-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-03-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-02📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-02-01📄gazette-notice-compulsorygazette · GAZ1
- 2022-01-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-01-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-01-12➕BARRAND, Andrew appointeddirector
- 2021-01-05➕BARRAND, Mark appointeddirector
- 2021-01-05➖DUKE, Michael resigneddirector
- 2018-06-19🏢Company incorporatedAs AASP GROUP UK (AUTOMOTIVE) LTD
- 2018-06-19➕DUKE, Michael appointeddirector
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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-01-16: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Barrand Individual · British · DOB 06/1982 · age 44 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/01/2021 |
1 historic (ceased) PSC
- Fd Secretarial Ltdceased 05/01/2021· 75-100% shares · 75-100% voting · board control
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 · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Flex Abl Flex Abl Limited | A registered charge | — | 05/02/2026 | — | |
| satisfied | Finbiz Funding Finbiz Funding Limited | A registered charge | 1 property | 11/06/2025 | 08/09/2025 | |
| satisfied | Bibby Financial Services Bibby Financial Services Limited | A registered charge | — | 20/11/2024 | 13/02/2026 |