ALTRINCHAM PREPARATORY SCHOOL LIMITED

🌳Matureactive
00314852 · ltd · incorporated 1936-06-05
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
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Turnover
year to Aug 2025
Net worth
£1.86M
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Primary education
Sector: Education
Investor take
Pursue
Active trading company with a 88-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 88). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -51% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 29.1y

45/100
under pressure

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

  • · Oldest live charge is 29.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (71/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
13 officers (6 active, 13 linked, 11 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
122 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,861,500
Cash draining
Cash down 51% YoY
Cash YoY
-51%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£617k
↓ 51% YoY
Net Worth
£1.9m
↑ 3.3% YoY
Current Assets
£730k
↓ 49% YoY
Current Liabilities
£0£372k£745k£1.1m£1.5m£1.9mAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£3.01M£3.06M
Current assets£729.6k£1.44M
Cash£617.0k£1.26M
Debtors£112.6k£177.4k
Net assets£1.86M£1.80M

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

Recent activity

Last 30 days
0
filings
Last 90 days
4
filings
  • 2 capital
  • 1 resolution
  • 1 confirmation-statement
Last 180 days
5
filings
  • 2 capital
  • 1 resolution
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-04-14
    📄
    capital-return-purchase-own-shares
    capital · SH03
  2. 2026-04-13
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2026-04-09
    📄
    capital-cancellation-shares
    capital · SH06
  4. 2026-03-03
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  5. 2025-12-18
    📄
    capital-cancellation-shares
    capital · SH06
  6. 2025-11-24
    📄
    capital-return-purchase-own-shares
    capital · SH03
  7. 2025-05-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-04-30
    GEDDES, John Malcolm resigned
    director
  9. 2025-04-09
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  10. 2025-02-10
    📄
    capital-cancellation-shares
    capital · SH06
  11. 2024-05-01
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  12. 2023-05-24
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  13. 2022-04-22
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  14. 2021-02-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2020-12-12
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  16. 2020-02-05
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  17. 2019-11-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2019-09-01
    NODDING, Keith Lonsdale resigned
    director
  19. 2019-03-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  20. 2018-09-01
    STEPHENSON, Deborah Jane appointed
    director
  21. 2018-09-01
    FURNESS, William Michael resigned
    director
  22. 2013-07-23
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  23. 2012-07-02
    HURST, Alan James appointed
    director
  24. 2010-10-01
    FURNESS, Michael John appointed
    secretary
  25. 2010-10-01
    FURNESS, William Michael resigned
    secretary
  26. 1999-01-20
    FURNESS, Michael John appointed
    director
  27. 1998-01-22
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  28. 1997-05-01
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  29. 1996-11-27
    FURNESS, John resigned
    director
  30. 1995-10-18
    HILL, Andrew Robin appointed
    director
  31. 1995-08-04
    HILL, Mary resigned
    director
  32. 1994-03-15
    JONES, Frederick Albert resigned
    director
  33. 1936-06-05
    🏢
    Company incorporated
    As ALTRINCHAM PREPARATORY SCHOOL LIMITED

Owner dependency

73/100
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.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 88 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 88 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 90 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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.

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Company details

Statusactive
Typeltd
Incorporated1936-06-05
Jurisdictionengland-wales
Primary SIC85200 — Primary education

Registered office

Marlborough Road
Bowdon
Altrincham
Cheshire
WA14 2RR

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20

Officers (6 active · 7 resigned)

FURNESS, Michael John
secretary · appointed 2010-10-01
View their other companies + combined net worth →
Active
FURNESS, Michael John
director · ~63y · appointed 1999-01-20
View their other companies + combined net worth →
Active
HILL, Andrew Robin
director · ~55y · appointed 1995-10-18
View their other companies + combined net worth →
Active
HILL, Arthur Edwin, Doctor
director · ~88y
View their other companies + combined net worth →
Active
HURST, Alan James
director · ~71y · appointed 2012-07-02
View their other companies + combined net worth →
Active
STEPHENSON, Deborah Jane
director · ~56y · appointed 2018-09-01
View their other companies + combined net worth →
Active
FURNESS, William Michael
secretary · resigned 2010-10-01
Resigned
FURNESS, John
director · ~117y · resigned 1996-11-27
Resigned
FURNESS, William Michael
director · ~92y · resigned 2018-09-01
Resigned
GEDDES, John Malcolm
director · ~88y · resigned 2025-04-30
Resigned
HILL, Mary
director · ~126y · resigned 1995-08-04
Resigned
JONES, Frederick Albert
director · ~100y · resigned 1994-03-15
Resigned
NODDING, Keith Lonsdale
director · ~97y · resigned 2019-09-01
Resigned

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
TypeProperties
outstanding
Barclays
Barclays Bank PLC
A registered charge1 property23/07/2013
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property22/01/1998
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property01/05/1997
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (122 total)

capital-return-purchase-own-shares
capital · SH03
2026-04-14
resolution
resolution · RESOLUTIONS
2026-04-13
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-09
capital-cancellation-shares
capital · SH06
2026-04-09
accounts-with-accounts-type-audited-abridged
accounts · AA
2026-03-03
capital-cancellation-shares
capital · SH06
2025-12-18
capital-return-purchase-own-shares
capital · SH03
2025-11-24
termination-director-company-with-name-termination-date
officers · TM01
2025-05-13
accounts-with-accounts-type-audited-abridged
accounts · AA
2025-04-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-19
capital-cancellation-shares
capital · SH06
2025-02-10
accounts-with-accounts-type-audited-abridged
accounts · AA
2024-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-04
accounts-with-accounts-type-audited-abridged
accounts · AA
2023-05-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-17