ALMIC ENGINEERING CO.LIMITED

💤Zombieactive
00709281 · ltd · incorporated 1961-11-29
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 Nov 2024
Net worth
£1.38M
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other engineering activities
Sector: Professional, scientific & technical
Investor take
Pursue
Asset-holding vehicle with a 81-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 81). 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 (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 61.1y

30/100
under pressure

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

  • · Oldest live charge is 61.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,382,546
Cash YoY
+5%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£579k
↑ 5.4% YoY
Net Worth
£1.4m
↑ 2.2% YoY
Current Assets
£825k
↑ 4.5% YoY
Current Liabilities
—
£0£277k£553k£830k£1.1m£1.4mNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Total assets£1.38M£1.35M
Current assets£825.3k£789.5k
Cash£579.2k£549.7k
Debtors£244.0k£237.7k
Net assets£1.38M£1.35M

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-08-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-08-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-08-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-09-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-03-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2021-02-01
    ➖
    MARLAND, Marian resigned
    director
  8. 2020-11-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-08-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2018-08-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2017-06-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-06-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-01-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-02-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-02-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2015-02-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2014-10-15
    ➖
    MARLAND, Wilfred resigned
    director
  18. 1994-01-24
    🔓
    Charge satisfied #4
  19. 1994-01-24
    🔓
    Charge satisfied #3
  20. 1994-01-24
    🔓
    Charge satisfied #2
  21. 1994-01-24
    🔓
    Charge satisfied #1
  22. 1976-07-16
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  23. 1968-07-19
    🔒
    Charge registered #3
    Lender: Goulston Banking Corporation LTD.
  24. 1966-12-30
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  25. 1965-04-12
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  26. 1961-11-29
    🏢
    Company incorporated
    As ALMIC ENGINEERING CO.LIMITED

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 81 — succession pressure is live.

Succession & seller-readiness

85/100
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 81 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 65 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Alwyn Marland
Individual · British · DOB 10/1945 · age 81
75–100%
—75-100% shares01/01/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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 →
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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
Incorporated1961-11-29
Jurisdictionengland-wales
Primary SIC71129 — Other engineering activities

Registered office

Tom Moss Ind Estate
Mossdown Road
Royton
Nr Oldham Lancs
OL2 6HS

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-02-11
Last: 2026-01-28

Officers (2 active · 2 resigned)

MARLAND, Alwyn→
secretary
View their other companies + combined net worth →
Active
MARLAND, Alwyn→
director · ~81y
View their other companies + combined net worth →
Active
MARLAND, Marian→
director · ~106y · resigned 2021-02-01
Resigned
MARLAND, Wilfred→
director · ~106y · resigned 2014-10-15
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property16/07/197624/01/1994
satisfied
Goulston Banking Corporation .
Goulston Banking Corporation LTD.
Charge of whole1 property19/07/196824/01/1994
satisfied
Barclays
Barclays Bank PLC
Inst of charge1 property30/12/196624/01/1994
satisfied
Barclays
Barclays Bank PLC
Debenture1 property12/04/196524/01/1994

Recent filings (92 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-17
termination-director-company-with-name-termination-date
officers · TM01
2021-03-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-08-30