SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                       ACCREDITED HOME LENDERS HOLDING CO.
              -----------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
              -----------------------------------------------------
                         (Title of Class of Securities)

                                    00437P107
              -----------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2005
              -----------------------------------------------------
             (Date of Event Which Requires Filing of This Statement)

      Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

      [x] Rule 13d-1(b)

      [x] Rule 13d-1(c)

      [ ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



CUSIP No. 00437P107

   1.  NAME OF REPORTING PERSON(S)
           Eubel Brady & Suttman Asset Management, Inc.
--------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                             (a) [ ]
                                                             (b) [X]
--------------------------------------------------------------------------------
   3.  SEC USE ONLY
--------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
           Delaware
--------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    --------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH                 1,333,145
   REPORTING      --------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  --------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                           1,333,145
--------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
           1,333,145
--------------------------------------------------------------------------------
   10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
   11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
           6.08%
--------------------------------------------------------------------------------
   12. TYPE OF REPORTING PERSON*
           IA, CO

CUSIP No. 00437P107

   1.  NAME OF REPORTING PERSON(S)
           Ronald L. Eubel
--------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a) [ ]
                                                             (b) [X]
--------------------------------------------------------------------------------
   3.  SEC USE ONLY
--------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
           United States of America
--------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    --------------------------------------------------------------



    OWNED BY      6.   SHARED VOTING POWER
      EACH                 1,333,145
   REPORTING      -------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  -------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                           1,333,145
--------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
           1,333,145
--------------------------------------------------------------------------------
   10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
   11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
           6.08%
--------------------------------------------------------------------------------
   12. TYPE OF REPORTING PERSON*
           IN

CUSIP No. 00437P107

   1.  NAME OF REPORTING PERSON(S)
           Mark E. Brady
--------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                             (a) [ ]
                                                             (b) [X]
--------------------------------------------------------------------------------
   3.  SEC USE ONLY
--------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
           United States of America
--------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    --------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH                 1,333,145
   REPORTING      --------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  --------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                           1,333,145
--------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
           1,333,145
--------------------------------------------------------------------------------
   10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
   11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
           6.08%
--------------------------------------------------------------------------------
   12. TYPE OF REPORTING PERSON*
           IN



CUSIP No. 00437P107

   1.  NAME OF REPORTING PERSON(S)
           Robert J. Suttman
--------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                             (a) [ ]
                                                             (b) [X]
--------------------------------------------------------------------------------
   3.  SEC USE ONLY
--------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
           United States of America
--------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    --------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH                 1,333,145
   REPORTING      --------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  --------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                           1,333,145
--------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
           1,333,145
--------------------------------------------------------------------------------
   10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
   11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
           6.08%
--------------------------------------------------------------------------------
   12. TYPE OF REPORTING PERSON*
           IN

CUSIP No. 00437P107

   1.  NAME OF REPORTING PERSON(S)
           William E. Hazel
--------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                             (a) [ ]
                                                             (b) [X]
--------------------------------------------------------------------------------
   3.  SEC USE ONLY
--------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
           United States of America
--------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    --------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH                 1,333,145



   REPORTING      --------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  --------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                       1,333,145
--------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
           1,333,145

--------------------------------------------------------------------------------
   10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
   11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
           6.08%
--------------------------------------------------------------------------------
   12. TYPE OF REPORTING PERSON*
           IN

CUSIP No. 00437P107

   1.  NAME OF REPORTING PERSON(S)
           Bernard J. Holtgreive
--------------------------------------------------------------------------------
   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                             (a) [ ]
                                                             (b) [X]
--------------------------------------------------------------------------------
   3.  SEC USE ONLY
--------------------------------------------------------------------------------
   4.  CITIZENSHIP OR PLACE OF ORGANIZATION
           United States of America
--------------------------------------------------------------------------------
   NUMBER OF      5.   SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    -------------------------------------------------------------
    OWNED BY      6.   SHARED VOTING POWER
      EACH                 1,333,145
   REPORTING      -------------------------------------------------------------
     PERSON       7.   SOLE DISPOSITIVE POWER
      WITH               0
                  -------------------------------------------------------------
                  8.   SHARED DISPOSITIVE POWER
                           1,333,145
--------------------------------------------------------------------------------
   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
           1,333,145

--------------------------------------------------------------------------------
   10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
   11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
           6.08%
--------------------------------------------------------------------------------
   12. TYPE OF REPORTING PERSON*
           IN



Item 1. (a) Name of Issuer:
                  Accredited Home Lenders Holding Co.
            --------------------------------------------------------------------
        (b) Address of Issuer's Principal Executive Offices:

                  15090 Avenue of Science
                  San Diego, CA 92128

            --------------------------------------------------------------------
Item 2. (a) Name of Person Filing:
                  Eubel Brady & Suttman Asset Management, Inc. ("EBS")
                  Ronald L. Eubel*
                  Mark E. Brady*
                  Robert J. Suttman*
                  William E. Hazel*
                  Bernard J. Holtgreive*

                  *These individuals may, as a result of their ownership in and
            positions with EBS, be deemed to be indirect beneficial owners of
            the equity securities held by EBS. The filing of this statement
            shall not be deemed an admission by Ronald L. Eubel, Mark E. Brady,
            Robert J. Suttman, William E. Hazel or Bernard J. Holtgreive that
            any of them beneficially own the securities for which they report
            shared dispositive power and shared voting power, regardless of
            whether they are acting in concert or acting severally.

            --------------------------------------------------------------------
        (b) Address of Principal Business Office, or if None, Residence:
                  7777 Washington Village Drive
                  Suite 210
                  Dayton, OH 45459

            --------------------------------------------------------------------
        (c) Citizenship:
                  Eubel Brady & Suttman Asset Management, Inc. -
                       Delaware corporation
                  Ronald L. Eubel, Mark E. Brady, Robert J.
                  Suttman, William E. Hazel and Bernard J. Holtgreive -
                       United States citizens
            --------------------------------------------------------------------
        (d) Title of Class of Securities:
                       Common Stock
            --------------------------------------------------------------------
        (e) CUSIP Number:
                       00437P107
            --------------------------------------------------------------------

Item 3.

(e) (x) Investment Adviser registered under Section 203 of the Investment
        Advisers Act of 1940

If this statement is filed pursuant to Rule 13d-1(c), check this box (x)

Item 4. Ownership.

   (a) Amount Beneficially Owned



         Eubel Brady & Suttman Asset Management, Inc., 1,333,145 shares. Messrs.
         Eubel, Brady, Suttman, Hazel and Holtgreive may, as a result of their
         ownership in and positions with EBS, be deemed to be indirect
         beneficial owners of the 1,333,145 shares held by EBS.

   (b) Percent of Class

         Eubel Brady & Suttman Asset Management, Inc. 6.08%
         Messrs. Eubel, Brady, Suttman, Hazel and Holtgreive 6.08%

   (c) Number of Shares as to which the Person has:

         (i)   Sole power to vote or direct the vote
                 0

         (ii)  Shared power to vote or direct the vote
                 1,333,145 (Messrs. Eubel, Brady, Suttman, Hazel and Holtgreive)
                 1,333,145 (EBS)

         (iii) Sole power to dispose or to direct the disposition of
                 0

         (iv)  Shared power to dispose or to direct the disposition of
                 1,333,145 (Messrs. Eubel, Brady, Suttman, Hazel and Holtgreive)
                 1,333,145 (EBS)

Item 5. Ownership of Five Percent or Less of a Class.

        Inapplicable

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

        Inapplicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the
        Security Being Reported on By the Parent Holding Company or Control
        Person.

        Inapplicable

Item 8. Identification and Classification of Members of the Group.

        Inapplicable

Item 9. Notice of Dissolution of Group.

        Inapplicable



Item 10.    Certification.

      With respect to Eubel Brady & Suttman Asset Management, Inc.:

      Certification for Rule 13d-1(b): By signing below, I certify that, to the
best of my knowledge and belief, the securities referred to above were acquired
and are held in the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.

      With respect to Ronald L. Eubel, Mark E. Brady, Robert J. Suttman, William
E. Hazel and Bernard J. Holtgreive:

      Certification for Rule 13d-1(c): By signing below, I certify that, to the
best of my knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.

                                   SIGNATURES

      With respect to all reporting persons: After reasonable inquiry and to the
best of my knowledge and belief, I certify that the information set forth in
this statement is true, complete and correct.

Date:  February 14, 2006

            EUBEL BRADY & SUTTMAN ASSET MANAGEMENT, INC.
Signature:  /s/ RONALD L. EUBEL
            -------------------------------------------------
            By:  Ronald L. Eubel
                 ----------------------------------
            Title: Chief Investment Officer

Signature:  /s/ RONALD L. EUBEL
            -------------------------------------------------
Name/Title  Ronald L. Eubel

Signature:  /s/ MARK E. BRADY
            -------------------------------------------------
Name/Title  Mark E. Brady

Signature:  /s/ ROBERT J. SUTTMAN
            -------------------------------------------------
Name/Title  Robert J. Suttman

Signature:  /s/ WILLIAM E. HAZEL
            -------------------------------------------------
Name/Title  William E. Hazel

Signature:  /s/ BERNARD J. HOLTGREIVE
            -------------------------------------------------
Name/Title  Bernard J. Holtgreive



* Attention. Intentional misstatements or omissions of fact constitute federal
  criminal violations (see 18 U.S.C. 1001).

                                    AGREEMENT

      The undersigned agree that this Schedule 13G dated February 14, 2006
relating to the Common Stock of Accredited Home Lenders Holding Co. shall be
filed on behalf of the undersigned.

                               /s/ EUBEL BRADY & SUTTMAN ASSET
                                    MANAGEMENT, INC.
                                    By: /s/ RONALD L. EUBEL
                                        ---------------------------------
                                    By: Ronald L. Eubel
                                        ---------------------------------
                                    Title: Chief Investment Officer

                                    /s/ RONALD L. EUBEL
                                        ---------------------------------
                                        Ronald L. Eubel

                                    /s/ MARK E. BRADY
                                        ---------------------------------
                                        Mark E. Brady

                                    /s/ ROBERT J. SUTTMAN
                                        ---------------------------------
                                        Robert J. Suttman

                                    /s/ WILLIAM E. HAZEL
                                        ---------------------------------
                                        William E. Hazel

                                    /s/ BERNARD J. HOLTGREIVE
                                        ---------------------------------
                                        Bernard J. Holtgreive