ADVANCE DRAIN SERVICES LIMITED
Opportunity 71/100 (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
4 live charges · 3 lenders · oldest 5.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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 · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|
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 capital
- • 1 capital
- • 1 confirmation-statement
- • 1 capital
- • 1 confirmation-statement
Corporate timeline (29 events)Click to expand
- 2026-07-09📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-11-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-08-05📄resolutionresolution · RESOLUTIONS
- 2025-06-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-12-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-06🔓Charge satisfied #3
- 2024-11-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-29🔒Charge registered #4Lender: Bibby Financial Services LTD (As Security Trustee)
- 2024-10-04📄capital-allotment-sharescapital · SH01
- 2023-10-06📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-06➖HURNDALL, Stephen resigneddirector
- 2023-09-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-08🔓Charge satisfied #2
- 2023-02-08🔓Charge satisfied #1
- 2023-02-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-31🔒Charge registered #3Lender: One Stop Invoice Finance Limited
- 2022-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-05📄resolutionresolution · RESOLUTIONS
- 2021-06-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-01🔒Charge registered #2Lender: Igf Invoice Finance Limited
- 2020-09-23🔒Charge registered #1Lender: Igf Invoice Finance Limited
- 2020-05-12🏢Company incorporatedAs ADVANCE DRAIN SERVICES LIMITED
- 2020-05-12➕THOMPSON, Glenn Michael appointeddirector
- 2020-05-12➕HURNDALL, Stephen appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Advance Facilities Group 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
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Advance Facilities Group Limited Corporate entity | 75–100% | — | 75-100% shares | 18/06/2025 |
Mr Glenn Michael Thompson Individual · British · DOB 01/1974 · age 52 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/05/2020 |
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.
See pricing →Similar companies
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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 (1 active · 1 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 LTD (As Security Trustee) | A registered charge | 4 properties | 29/10/2024 | — | |
| satisfied | One Stop Invoice Finance One Stop Invoice Finance Limited | A registered charge | — | 31/01/2023 | 06/12/2024 | |
| satisfied | Igf Invoice Finance Igf Invoice Finance Limited | A registered charge | 3 properties | 01/06/2021 | 08/02/2023 | |
| satisfied | Igf Invoice Finance Igf Invoice Finance Limited | A registered charge | 4 properties | 23/09/2020 | 08/02/2023 |