AG CONSTRUCTION (NW) LIMITED

💤Zombieactive
14059589 · ltd · incorporated 2022-04-21
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
year to Oct 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. 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 (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 3.5y

20/100
under pressure

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

  • · Charge age ~3.5 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
4 charges (4/4 with lender, 4/4 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
10 connected companies via shared directors
75
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Average employees100100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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

Last 30 days
0
filings
Last 90 days
5
filings
  • 4 mortgage
  • 1 confirmation-statement
Last 180 days
5
filings
  • 4 mortgage
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2026-05-19
    🔓
    Charge satisfied #2
  4. 2026-05-19
    🔓
    Charge satisfied #1
  5. 2026-05-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2026-05-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2026-05-12
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  8. 2026-05-12
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  9. 2025-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-02-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2023-02-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-02-01
    🔒
    Charge registered #2
    Lender: United Trust Bank Limited
  14. 2023-02-01
    🔒
    Charge registered #1
    Lender: United Trust Bank Limited
  15. 2022-11-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2022-11-03
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2022-04-21
    🏢
    Company incorporated
    As AG CONSTRUCTION (NW) LIMITED
  18. 2022-04-21
    PATEL, Mustaq Ahmed Ismail appointed
    director
  19. 2022-04-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mustaq Ahmed Ismail Patel
Individual · British · DOB 11/1972 · age 54
75100%
75–100%board control75-100% shares · 75-100% voting · board control21/04/2022

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

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
Incorporated2022-04-21
Jurisdictionengland-wales
Primary SIC41201 — Construction of commercial buildings

Registered office

Adhan House 52a Preston New Road
Blackburn
Lancashire
BB2 6AH
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-05-05
Last: 2026-04-21

Officers (1 active · 0 resigned)

PATEL, Mustaq Ahmed Ismail
director · ~54y · appointed 2022-04-21
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property12/05/2026
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property12/05/2026
satisfied
United Trust Bank
United Trust Bank Limited
A registered charge3 properties01/02/202319/05/2026
satisfied
United Trust Bank
United Trust Bank Limited
A registered charge3 properties01/02/202319/05/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (15 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-05-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-13
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-06
accounts-with-accounts-type-dormant
accounts · AA
2022-11-04
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-11-03
incorporation-company
incorporation · NEWINC
2022-04-21