F G ANDERSON & SONS LTD

🌿Early-stageactive

NI681234 · ltd · incorporated 2021-08-03

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 4.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

70/100

Strong

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pursue

Leverage-led grower with a 69-year-old founder — textbook succession opportunity.

Opportunity 70/100 (strong), bankability 60/100. Strong seller-intent signal (60/100, director aged 69). 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 (85/100).

🏦

Refinance opportunity

10 live charges · 2 lenders · oldest 4.6y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Charge age ~4.6 years — mid-life; refi window approaching.
· Two lenders — manageable, but coordination required.
· Legal-friction score 30/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

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

Lenders & charges

10 charges (10/10 with lender, 10/10 with type)

Directors & officers

2 officers (1 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

10 connected companies via shared directors

Filing history

33 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £1,036,524

Turned profitable

Returned to profit this year

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Profit before tax	£1.04M	£-441.9k
Average employees	0	0

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

🔒Filing-note intelligence

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

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2025-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-09
📄
memorandum-articles
incorporation · MA
2025-09-09
📄
resolution
resolution · RESOLUTIONS
2024-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-20
🔒
Charge registered #10
Lender: Ortus Secured Finance I Limited
2023-10-19
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-19
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-19
🔓
Charge satisfied #4
2023-10-19
🔓
Charge satisfied #2
2023-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-26
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-26
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-25
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-25
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-24
📄
mortgage-satisfy-charge-part
mortgage · MR04
2023-07-24
🔓
Charge satisfied #5
2023-07-24
🔓
Charge satisfied #3
2023-07-24
🔓
Charge satisfied #1
2023-07-14
🔒
Charge registered #9
Lender: Ortus Secured Finance I Limited
2023-07-14
🔒
Charge registered #8
Lender: Ortus Secured Finance I Limited
2023-07-14
🔒
Charge registered #7
Lender: Ortus Secured Finance I Limited
2023-07-14
🔒
Charge registered #6
Lender: Ortus Secured Finance I Limited
2022-10-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-06-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-17
🔒
Charge registered #4
Lender: Fiduciam Nominees Limited
2022-06-16
🔒
Charge registered #5
Lender: Fiduciam Nominees Limited
2022-06-16
🔒
Charge registered #3
Lender: Fiduciam Nominees Limited
2021-10-29
➖
LISMORE, Philip John resigned
director
2021-10-29
🔒
Charge registered #2
Lender: Fiduciam Nominees Limited
2021-10-28
🔒
Charge registered #1
Lender: Fiduciam Nominees Limited
2021-10-27
➕
BULLER, Alfred William appointed
director
2021-08-03
🏢
Company incorporated
As F G ANDERSON & SONS LTD
2021-08-03
➕
LISMORE, Philip John appointed
director

Owner dependency

90/100

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.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

65/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med · 1 low

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.

5 live charges

low

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

Group structure

Bullick Developments (1986) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Bullick Developments (1986) Ltd

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

F G ANDERSON & SONS LTD

This company · NI681234

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Bullick Developments (1986) Ltd Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	28/10/2021

1 historic (ceased) PSC

Mr Philip John Lismoreceased 28/10/2021· 75-100% shares · 75-100% voting

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 →

Similar companies

Active · Construction · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BSG CIVIL ENGINEERING LIMITED→ NI021016 · est 1987	£25.64M £18.31M–£32.96M	£36.49M	—	8700	38y	85	73y
E.J.C. CONTRACTS LTD→ NI045412 · est 2003	£24.60M £17.57M–£31.62M	£27.26M	—	7700	23y	90	54y
PETER MCCORMACK & SONS LIMITED→ NI038813 · est 2000	£16.43M £11.74M–£21.13M	—	—	2200	25y	85	60y
P MCVEY BUILDING SYSTEMS LTD→ NI634141 · est 2015	£14.13M £10.09M–£18.17M	£24.15M	—	5400	10y	90	66y
M.J. MCBRIDE CONSTRUCTION LTD→ NI066620 · est 2007	£14.06M £10.04M–£18.07M	£19.82M	—	1500	18y	87	77y
SOUTH BANK SQUARE LTD→ NI605444 · est 2010	£12.16M £8.69M–£15.64M	£13.65M	—	400	15y	86	73y
D B BUILDING CONTRACTS LTD→ NI045897 · est 2003	£8.19M £5.85M–£10.53M	—	—	48	23y	84	60y
J. H. TURKINGTON & SONS LIMITED→ NI018132 · est 1985	£7.97M £5.69M–£10.25M	—	—	8000	41y	84	72y
P MCK LTD→ NI062901 · est 2007	£7.58M £5.42M–£9.75M	£16.85M	—	5100	19y	87	71y
CORICK INVESTMENTS LIMITED→ NI025056 · est 1990	£6.35M £4.54M–£8.16M	—	—	0	35y	92	69y
BAYVIEW CONTRACTS LTD→ NI041488 · est 2001	£4.57M £3.26M–£5.87M	£24.46M	—	17900	24y	87	61y
ADSTON (UK) LIMITED→ NI605512 · est 2010	£4.00M £2.86M–£5.15M	£11.40M	—	1100	15y	100	79y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

10 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

Incorporated2021-08-03

Jurisdictionnorthern-ireland

Primary SIC41100 — Development of building projects

Registered office

Valley Business Centre

67 Church Road

Newtownabbey

Co Antrim

BT36 7LS

Northern Ireland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-08-16

Last: 2025-08-02

Officers (1 active · 1 resigned)

BULLER, Alfred William→

director · ~69y · appointed 2021-10-27

View their other companies + combined net worth →

Active

LISMORE, Philip John→

director · ~63y · appointed 2021-08-03 · resigned 2021-10-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:10 of 10 shown

		Type	Properties
outstanding	Ortus Secured Finance I Ortus Secured Finance I Limited	A registered charge	2 properties	20/10/2023	—
outstanding	Ortus Secured Finance I Ortus Secured Finance I Limited	A registered charge	2 properties	14/07/2023	—
outstanding	Ortus Secured Finance I Ortus Secured Finance I Limited	A registered charge	2 properties	14/07/2023	—
outstanding	Ortus Secured Finance I Ortus Secured Finance I Limited	A registered charge	3 properties	14/07/2023	—
outstanding	Ortus Secured Finance I Ortus Secured Finance I Limited	A registered charge	1 property	14/07/2023	—
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	1 property	17/06/2022	19/10/2023
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	1 property	16/06/2022	24/07/2023
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	3 properties	16/06/2022	24/07/2023
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	1 property	29/10/2021	19/10/2023
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	1 property	28/10/2021	24/07/2023

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (33 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-09-25

memorandum-articles

incorporation · MA

2025-09-09

resolution

resolution · RESOLUTIONS

2025-09-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-08-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-09-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-08-09

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-10-24

mortgage-satisfy-charge-full

mortgage · MR04

2023-10-19

mortgage-satisfy-charge-full

mortgage · MR04

2023-10-19

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-09-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-08-02

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-07-26

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-07-26

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-07-25

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-07-25