AVRO PROPERTIES LIMITED

💤Zombieactive
12839344 · ltd · incorporated 2020-08-26
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
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
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

8 live charges · 2 lenders · oldest 5.4y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 5.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (56/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 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
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-03-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-03-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-03-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-03-06
    🔒
    Charge registered #8
    Lender: The Mortgage Works (UK) PLC
  7. 2025-03-06
    🔒
    Charge registered #7
    Lender: The Mortgage Works (UK) PLC
  8. 2025-03-06
    🔒
    Charge registered #6
    Lender: The Mortgage Works (UK) PLC
  9. 2025-03-06
    🔒
    Charge registered #5
    Lender: The Mortgage Works (UK) PLC
  10. 2024-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-12-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-12-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2022-12-14
    🔓
    Charge satisfied #1
  16. 2022-12-09
    🔒
    Charge registered #4
    Lender: Fleet Mortgages Limited
  17. 2022-01-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2022-01-21
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  19. 2021-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-07-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2021-07-19
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  22. 2021-05-19
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  23. 2021-02-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  24. 2021-02-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2021-01-28
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  26. 2020-09-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  27. 2020-08-26
    🏢
    Company incorporated
    As AVRO PROPERTIES LIMITED
  28. 2020-08-26
    ➕
    MCCLUSKEY, David appointed
    director
  29. 2020-08-26
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Mccluskey
Individual · British · DOB 04/1964 · age 62
75–100%
75–100%75-100% shares · 75-100% voting26/08/2020

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

9 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
Incorporated2020-08-26
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-08
Last: 2025-08-25

Officers (1 active · 0 resigned)

MCCLUSKEY, David→
director · ~62y · appointed 2020-08-26
View their other companies + combined net worth →
Active

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

Mortgages & charges

8
Total charges
7
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property06/03/2025—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property06/03/2025—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property06/03/2025—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property06/03/2025—
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property09/12/2022—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property21/01/2022—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property19/07/2021—
satisfied
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property28/01/202114/12/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (23 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-01-27