ATHRON HILL CONTRACTS LIMITED

💤Zombieactive
SC715879 · ltd · incorporated 2021-11-23
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Jul 2024
Net worth
book net assets
Opportunity
67/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 67/100 (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 4.3y

20/100
under pressure

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

  • · Charge age ~4.3 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
2 connected companies via shared directors
51
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
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
69
Some moderate concerns — review 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£0Jul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-07-312023-07-31
Average employees200100

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

🔒Filing-note intelligence

2 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
0
filings
Last 180 days
2
filings
  • 1 change-of-name
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-02-19
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2025-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-04-25
    🔓
    Charge satisfied #2
  6. 2025-04-25
    🔓
    Charge satisfied #1
  7. 2025-04-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2025-04-17
    🔒
    Charge registered #4
    Lender: Shawbrook Bank Limited
  9. 2025-04-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2025-04-10
    🔒
    Charge registered #3
    Lender: Shawbrook Bank Limited
  11. 2024-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2024-02-12
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2024-02-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2023-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-02-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2022-02-14
    🔒
    Charge registered #2
    Lender: Close Brothers Limited (00195626) (The "Lender")
  17. 2022-02-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2022-02-07
    🔒
    Charge registered #1
    Lender: Close Brothers Limited (00195626) (The "Lender")
  19. 2021-11-23
    🏢
    Company incorporated
    As ATHRON HILL CONTRACTS LIMITED
  20. 2021-11-23
    MULTON, Daniel Frederick Bugatti appointed
    director
  21. 2021-11-23
    📄
    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

2 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.

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-02-19: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Daniel Frederick Bugatti Multon
Individual · British · DOB 03/1978 · age 48
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/11/2021

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
Incorporated2021-11-23
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

5 South Gyle Crescent Lane
Edinburgh
EH12 9EG
Scotland

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-12-06
Last: 2025-11-22

Officers (1 active · 0 resigned)

MULTON, Daniel Frederick Bugatti
director · ~48y · appointed 2021-11-23
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
Shawbrook
Shawbrook Bank Limited
A registered charge2 properties17/04/2025
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge10/04/2025
satisfied
Close Brothers
Close Brothers Limited (00195626) (The "Lender")
A registered charge2 properties14/02/202225/04/2025
satisfied
Close Brothers
Close Brothers Limited (00195626) (The "Lender")
A registered charge07/02/202225/04/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (17 total)

certificate-change-of-name-company
change-of-name · CERTNM
2026-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-25
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-04
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-02-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-18