ANGELWAX LIMITED
🌳Matureactive
SC383865 · ltd · incorporated 2010-08-18
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£987.2k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 20412
Sector: Manufacturing
Investor take
PursueActive trading company with a 82-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 0.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 0.9 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (81/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £987,238
Net assets shrinking
Down £38,890 YoY
Cash YoY
+20%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£446k
↑ 20% YoY
Net Worth
£987k
↓ 3.8% YoY
Current Assets
£1.1m
↑ 1.6% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | £1.03M | £1.07M |
| Current assets | £1.14M | £1.13M |
| Cash | £446.5k | £373.5k |
| Debtors | £397.7k | £550.6k |
| Net assets | £987.2k | £1.03M |
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
2
filings
- • 1 officers
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-02-20➖COWIN, Misty resignedsecretary
- 2026-02-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-25🔒Charge registered #3Lender: Barclays Security Trustee Limited (As Security Trustee)
- 2025-07-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-03🔒Charge registered #2Lender: Barclays Security Trustee Limited (As Security Trustee)
- 2025-06-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-16🔒Charge registered #1Lender: Barclays Security Trustee Limited (Company Number 10825314) as Security Trustee
- 2024-09-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-10-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-08📄change-person-secretary-company-with-change-dateofficers · CH03
- 2022-10-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-15➕COWIN, Misty appointedsecretary
- 2022-09-15📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-07📄accounts-amended-with-accounts-type-total-exemption-smallaccounts · AAMD
- 2012-08-31➕HOGG, John Matthew appointeddirector
- 2012-08-31➕YATES, Matthew James appointeddirector
- 2010-08-18🏢Company incorporatedAs ANGELWAX LIMITED
- 2010-08-18➕YATES, Robert Wynne appointeddirector
- 2010-08-18➕BRIAN REID LTD. appointedcorporate-secretary
- 2010-08-18➖BRIAN REID LTD. resignedcorporate-secretary
- 2010-08-18➕MABBOTT, Stephen George appointeddirector
- 2010-08-18➖MABBOTT, Stephen George resigneddirector
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 82 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
1 med ·3 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-09-25: A registered charge; 2025-07-03: A registered charge; 2025-05-16: A registered charge
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Matthew Hogg Individual · British · DOB 05/1965 · age 61 | 25–50% | — | 25-50% shares | 18/08/2016 |
Mr Robert Wynne Yates Individual · British · DOB 10/1944 · age 82 | 25–50% | — | 25-50% shares | 18/08/2016 |
Mr Matthew James Yates Individual · British · DOB 01/1972 · age 54 | 25–50% | — | 25-50% shares | 18/08/2016 |
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 · Manufacturing · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 2 POINT 8 LTD→ SC669890 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| A MCINTYRE JOINERY LTD→ SC368989 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| A T MARSHALL JOINERY LIMITED→ SC288555 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ALBA TYRE MANAGEMENT LIMITED→ SC272387 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ALLGLASS REPROCESSORS (U.K.) LIMITED→ SC226505 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| ALUMISE LTD→ SC834784 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ANVIL ART ENGINEERING LIMITED→ SC447155 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| AOI SYSTEMS LIMITED→ SC254755 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| APPROVED CARAVAN SERVICES LIMITED→ SC318883 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| AQUARIAN SPRING MEDIA LTD→ SC859374 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AQUASKY LIMITED→ SC189598 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| AQUAWELD LTD→ SC628745 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2010-08-18
Jurisdictionscotland
Primary SIC20412 — SIC 20412
Registered office
Unit 16 Airlink Industrial Estate
Inchinnan Road
Paisley
PA3 2RS
Scotland
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-31
Last: 2026-01-17
Officers (3 active · 3 resigned)
HOGG, John Matthew→
Activedirector · ~61y · appointed 2012-08-31
View their other companies + combined net worth →
YATES, Matthew James→
Activedirector · ~54y · appointed 2012-08-31
View their other companies + combined net worth →
YATES, Robert Wynne→
Activedirector · ~82y · appointed 2010-08-18
View their other companies + combined net worth →
COWIN, Misty→
Resignedsecretary · appointed 2022-09-15 · resigned 2026-02-20
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2010-08-18 · resigned 2010-08-18
MABBOTT, Stephen George→
Resigneddirector · ~76y · appointed 2010-08-18 · resigned 2010-08-18
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited (As Security Trustee) | A registered charge | 1 property | 25/09/2025 | — | |
| outstanding | Barclays Barclays Security Trustee Limited (As Security Trustee) | A registered charge | 1 property | 03/07/2025 | — | |
| outstanding | Barclays Barclays Security Trustee Limited (Company Number 10825314) as Security Trustee | A registered charge | — | 16/05/2025 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (49 total)
termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-23
change-person-secretary-company-with-change-date
officers · CH03
2023-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-18
appoint-person-secretary-company-with-name-date
officers · AP03
2022-09-15