AS93 LTD
- 68209Other letting and operating of own or leased real estate
Opportunity 66/100 (strong), bankability 52/100. 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
8 live charges · 3 lenders · oldest 3.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.6 years — mid-life; refi window approaching.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey 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 | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total assets | £356.7k | £272.3k |
| Current assets | £23.8k | £2.3k |
| Net assets | £10.8k | £19.5k |
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 accounts
- • 1 accounts
- • 1 accounts
Corporate timeline (26 events)Click to expand
- 2026-04-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-15🔓Charge satisfied #6
- 2024-11-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-07🔒Charge registered #7Lender: Lendinvest Btl Limited
- 2024-11-04🔒Charge registered #8Lender: Lendinvest Btl Limited
- 2024-07-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-03🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2023-12-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-20🔒Charge registered #5Lender: The Mortgage Works (UK) PLC
- 2023-12-20🔓Charge satisfied #3
- 2023-08-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-03🔒Charge registered #4Lender: The Mortgage Works (UK) PLC
- 2023-05-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-06🔒Charge registered #3Lender: Together Commercial Finance Limited
- 2022-10-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-19🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2022-10-07🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2022-07-27🏢Company incorporatedAs AS93 LTD
- 2022-07-27➕SMITH, Andrew appointeddirector
- 2022-07-27📄incorporation-companyincorporation · NEWINC
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 · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Smith Individual · Scottish · DOB 03/1993 · age 33 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 27/07/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| CORE CITI LETS ABERDEEN LIMITED→ SC587376 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CORMACK PROPERTY INVESTMENT LTD→ SC878617 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
11 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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 2 properties | 07/11/2024 | — | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 04/11/2024 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 03/07/2024 | 15/01/2025 | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 20/12/2023 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 03/06/2023 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 06/05/2023 | 20/12/2023 | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 3 properties | 19/10/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 07/10/2022 | — |