@ WORK (AT WORK) LIMITED
🌳Matureactive
03602728 · ltd · incorporated 1998-07-23
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 21.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 47770
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 21.1y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 21.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover 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 |
|---|---|---|
| Average employees | 2 | 200 |
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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-01-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-28📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-07-28📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-25📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-01-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-03-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-01-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-03-03🔓Charge satisfied #2
- 2011-07-16🔒Charge registered #2Lender: Barclays Bank PLC
- 2005-03-04🔒Charge registered #1Lender: The Crown Estate Commissioners
- 2005-02-01➖MADGE, Amy resigneddirector
- 2002-04-30➕BUTLER, Joanna Victoria appointeddirector
- 1998-07-23🏢Company incorporatedAs @ WORK (AT WORK) LIMITED
- 1998-07-23➕BUTLER, Joanna Victoria appointedsecretary
- 1998-07-23➕TIPLER, Adele appointeddirector
- 1998-07-23➕FIRST SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1998-07-23➖FIRST SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1998-07-23➕MADGE, Amy appointeddirector
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ms Joanna Victoria Butler Individual · British · DOB 06/1967 · age 59 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Ms Adele Tipler Ma Individual · British · DOB 06/1970 · age 56 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 0086 LIMITED→ 11908509 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
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| 1 JEWELLER LTD→ 16999056 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 100 CARAT DIAMOND LTD→ 12802541 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 100% FRUIT & VEG LIMITED→ 10282291 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| 11 OLD BOND STREET LONDON→ 03766515 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
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| 12345 RETAIL GROUP LIMITED→ 14030878 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 14X9 IO LTD→ 16550874 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1923 ANTIQUES LTD→ 16367891 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 1972 NND LIMITED→ 12651254 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 1UP ENTERPRISE LIMITED→ 12463487 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1998-07-23
Jurisdictionengland-wales
Primary SIC47770 — SIC 47770
Registered office
35 Ponsonby Terrace
Pimlico
London
SW1P 4PZ
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-08-06
Last: 2025-07-23
Officers (3 active · 2 resigned)
BUTLER, Joanna Victoria→
Activesecretary · appointed 1998-07-23
View their other companies + combined net worth →
BUTLER, Joanna Victoria→
Activedirector · ~59y · appointed 2002-04-30
View their other companies + combined net worth →
TIPLER, Adele→
Activedirector · ~56y · appointed 1998-07-23
View their other companies + combined net worth →
FIRST SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-07-23 · resigned 1998-07-23
MADGE, Amy→
Resigneddirector · ~58y · appointed 1998-07-23 · resigned 2005-02-01
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 16/07/2011 | 03/03/2012 | |
| outstanding | The Crown Estate Commissioners | Deed of rental deposit | 1 property | 04/03/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (70 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-28
change-person-secretary-company-with-change-date
officers · CH03
2025-07-28
change-person-director-company-with-change-date
officers · CH01
2025-07-28
change-person-director-company-with-change-date
officers · CH01
2025-07-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-16