AERONAUTICAL & GENERAL INSTRUMENTS LIMITED

📉Decliningactive

00138853 · ltd · incorporated 1915-01-01

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "declining"

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: SIC 26511

Sector: Manufacturing

ALSO REGISTERED FOR

26701SIC 26701
30990SIC 30990
33130SIC 33130

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 62/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 12 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

17 live charges · 12 lenders · oldest 37.9y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 37.9 years old — likely at or near maturity.
· 12 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

17 charges (17/17 with lender, 17/17 with type)

Directors & officers

31 officers (5 active, 31 linked, 24 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

5 connected companies via shared directors

Filing history

246 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Loss-making

Loss before tax £0

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Profit before tax	£0	£761.0k
Average employees	300	13900

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

filings

Last 90 days

filings

• 1 incorporation
• 1 resolution
• 1 change-of-constitution

Last 180 days

filings

• 1 incorporation
• 1 resolution
• 1 change-of-constitution

Counts from Companies House filing history.

Corporate timeline (109 events)Click to expand

2026-03-27
📄
memorandum-articles
incorporation · MA
2026-03-27
📄
resolution
resolution · RESOLUTIONS
2026-03-04
📄
statement-of-companys-objects
change-of-constitution · CC04
2026-02-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-13
🔒
Charge registered #17
Lender: Glas Trust Corporation Limited (As Security Agent and Trustee for the Beneficiaries)
2025-12-03
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2025-11-25
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-10-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-10-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-01
➕
CAMPBELL, Andrew appointed
director
2025-10-01
➕
CAMPBELL, Thomas Justin appointed
director
2025-10-01
➕
WEBER, Jeffrey Carl appointed
director
2025-10-01
➖
BORNAK, Mike resigned
director
2025-09-16
📄
accounts-with-accounts-type-full
accounts · AA
2024-09-26
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-08
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-04-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-04-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-26
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-02-26
📄
legacy
capital · SH20
2024-02-26
⚠️
legacy
insolvency · CAP-SS
2024-02-26
📄
resolution
resolution · RESOLUTIONS
2024-01-31
➕
MITCHELL, Aleesha appointed
director
2024-01-31
➕
BORNAK, Mike appointed
director
2024-01-31
➖
ELKINGTON, Richard David resigned
director
2023-09-29
📄
accounts-with-accounts-type-full
accounts · AA
2023-03-20
📄
accounts-with-accounts-type-full
accounts · AA
2022-07-18
🔒
Charge registered #16
Lender: Hsbc UK Bank PLC
2022-05-06
➖
BURLEY, Thomas resigned
director
2022-05-06
➕
ELKINGTON, Richard David appointed
director
2022-05-03
🔓
Charge satisfied #15
2022-05-03
🔓
Charge satisfied #14
2022-05-03
🔓
Charge satisfied #13
2019-07-08
➕
BURLEY, Thomas appointed
director
2019-07-05
➖
EELES, Geoffrey Barry resigned
director
2019-03-18
➕
HYDE, David Philip appointed
director
2019-01-31
➖
CORBEN, Darcy John resigned
director
2016-08-10
➕
CORBEN, Darcy John appointed
director
2016-08-08
➖
MAYCOCK, Stephen Robert resigned
secretary
2016-08-08
➖
MAYCOCK, Stephen Robert resigned
director
2016-06-30
🔒
Charge registered #15
Lender: Bnp Paribas (As Collateral Agent)
2016-02-12
🔒
Charge registered #14
Lender: Bnp Paribas (As Collateral Agent)
2014-12-03
➖
BROOKS, Stephen Laurence resigned
director
2014-12-03
➕
EELES, Geoffrey Barry appointed
director
2014-08-27
🔓
Charge satisfied #12
2014-08-19
➕
BROOKS, Stephen Laurence appointed
director
2014-08-19
➖
HARRIS, John Graham resigned
director

Showing most recent 50 of 109 events

Owner dependency

63/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 67 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 high · 1 med ·

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-02-26: legacy

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.

Group structure

Rivencore Global Solutions Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Rivencore Global Solutions Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

AERONAUTICAL & GENERAL INSTRUMENTS LIMITED

This company · 00138853

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Rivencore Global Solutions Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

1 historic (ceased) PSC

Jfl Equity Investors Iii, L.P.ceased 06/04/2016· 75-100% shares · 75-100% voting · board control · significant influence · firm interest

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

10 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

Incorporated1915-01-01

Jurisdictionengland-wales

Primary SIC26511 — SIC 26511

Registered office

Fleets Point

Willis Way

Poole

Dorset

BH15 3SS

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-07-19

Last: 2025-07-05