AYCLIFFE ENGINEERING LIMITED
💤Zombieactive
00443976 · ltd · incorporated 1947-10-21
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£800.4k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: SIC 25730
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 71/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
7 live charges · 4 lenders · oldest 43.5y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 43.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
114 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
82
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 £800,352
Cash draining
Cash down 52% YoY
Cash YoY
-52%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£9k
↓ 52% YoY
Net Worth
£800k
↑ 788% YoY
Current Assets
£324k
↑ 8.5% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £1.21M | £286.0k |
| Current assets | £324.3k | £298.9k |
| Cash | £9.3k | £19.4k |
| Debtors | £235.0k | £191.3k |
| Net assets | £800.4k | £-116.4k |
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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2025-12-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-03-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-01-20➖ALTRINGHAM, Kenneth resigneddirector
- 2024-08-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-05🔓Charge satisfied #4
- 2024-07-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-17➕ALTRINGHAM, Kathryn Helen appointeddirector
- 2024-07-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-21🔒Charge registered #7Lender: Reward Finance Group Limited
- 2024-06-21🔒Charge registered #6Lender: Reward Finance Group Limited
- 2024-06-21🔒Charge registered #5Lender: Reward Finance Group Limited
- 2024-05-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-07-05➖GUEST, David Thomas resigneddirector
- 2020-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 1996-12-22➖JONES, David Mark resigneddirector
- 1994-04-06➕NOBLE, Sarah Louise appointedsecretary
- 1994-04-06➖PARKER, John Charles resignedsecretary
- 1994-04-06➕JONES, David Mark appointeddirector
- 1988-03-24🔒Charge registered #4Lender: Barclays Bank PLC
- 1984-12-05🔒Charge registered #3Lender: Barclays Bank PLC
- 1982-12-07🔒Charge registered #2Lender: Secretary of State of for Industry
- 1982-12-07🔒Charge registered #1Lender: Lloyds Bank PLC
- 1947-10-21🏢Company incorporatedAs AYCLIFFE ENGINEERING LIMITED
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
1 low6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Miss Kathryn Helen Altringham Individual · British · DOB 06/1970 · age 56 | — | 50–75% | 50-75% voting | 20/01/2025 |
1 historic (ceased) PSC
- Mr Kenneth Altringhamceased 20/01/2025· 50-75% shares
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 · DL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ACCESS LADDERS (UK) LIMITED→ 02983939 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| ADVANCE CENTRAL ENGINEERING LTD→ 13093862 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ADVANCE MODULAR LTD→ 12722812 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ADVANCED COOLING SYSTEMS LTD→ 09904399 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ADVANCED ENERGY MINERALS (UK) LIMITED→ 12768286 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AERIAL EXPOSURE LTD→ 10175155 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AGBR LTD→ 13678339 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AGLJH LIMITED→ 16419973 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AGRIKIT LIMITED→ 03713344 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| AJ ALUMINIUM LTD→ 13666401 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AJ PLATES LTD→ 15995913 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AJS & DAUGHTER LIMITED→ 09067320 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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
Incorporated1947-10-21
Jurisdictionengland-wales
Primary SIC25730 — SIC 25730
Registered office
Beaumont Way
Aycliffe Industrial Park
Newton Aycliffe
County Durham
DL5 6SN
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-06-17
Last: 2025-06-03
Officers (2 active · 4 resigned)
NOBLE, Sarah Louise→
Activesecretary · appointed 1994-04-06
View their other companies + combined net worth →
ALTRINGHAM, Kathryn Helen→
Activedirector · ~56y · appointed 2024-07-17
View their other companies + combined net worth →
PARKER, John Charles→
Resignedsecretary · resigned 1994-04-06
ALTRINGHAM, Kenneth→
Resigneddirector · ~84y · resigned 2025-01-20
GUEST, David Thomas→
Resigneddirector · ~90y · resigned 2020-07-05
JONES, David Mark→
Resigneddirector · ~80y · appointed 1994-04-06 · resigned 1996-12-22
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
6
Outstanding
4
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Reward Finance Group Reward Finance Group Limited | A registered charge | 2 properties | 21/06/2024 | — | |
| outstanding | Reward Finance Group Reward Finance Group Limited | A registered charge | 2 properties | 21/06/2024 | — | |
| outstanding | Reward Finance Group Reward Finance Group Limited | A registered charge | — | 21/06/2024 | — | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 2 properties | 24/03/1988 | 05/08/2024 | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 05/12/1984 | — | |
| outstanding | Secretary of State of for Industry | Debenture | 1 property | 07/12/1982 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Debenture | 1 property | 07/12/1982 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (114 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-03-25
termination-director-company-with-name-termination-date
officers · TM01
2025-03-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-05
appoint-person-director-company-with-name-date
officers · AP01
2024-07-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-23