A.C. LESTER & SON LIMITED
Opportunity 78/100 (strong), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -40% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
7 live charges · 2 lenders · oldest 60.7y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 60.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £5.70M | £7.22M |
| Current assets | £914.8k | £1.43M |
| Cash | £817.3k | £1.36M |
| Debtors | £97.5k | £64.5k |
| Net assets | £5.39M | £6.88M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 4 officers
- • 1 address
Corporate timeline (41 events)Click to expand
- 2025-12-16📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-08-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-12📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-12-01➖LESTER, Robert George resignedsecretary
- 2024-11-30➖LESTER, Kenneth Alfred John resigneddirector
- 2024-11-30➖LESTER, Robert George resigneddirector
- 2024-11-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-01📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-01📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2024-10-25➕LESTER, Charles George appointeddirector
- 2024-10-25➕LESTER, Henry Robert Kerr appointeddirector
- 2024-10-25➕SATCHWELL, Victoria Claire appointeddirector
- 2024-10-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-08-14🔓Charge satisfied #7
- 2015-07-23🔓Charge satisfied #6
- 2005-09-23🔓Charge satisfied #5
- 2005-09-23🔓Charge satisfied #4
- 2005-09-23🔓Charge satisfied #3
- 2005-09-23🔓Charge satisfied #2
- 2005-09-23🔓Charge satisfied #1
- 2002-07-14🔒Charge registered #7Lender: National Westminster Bank PLC
- 2002-07-14🔒Charge registered #6Lender: National Westminster Bank PLC
- 1969-08-04🔒Charge registered #5Lender: Westminster Bank Limited.
- 1969-08-04🔒Charge registered #4Lender: Westminster Bank Limited.
- 1968-04-03🔒Charge registered #3Lender: Westminster Bank Limited.
- 1968-04-03🔒Charge registered #2Lender: Westminster Bank Limited.
- 1965-09-08🔒Charge registered #1Lender: Westminster Bank Limited.
- 1963-03-29🏢Company incorporatedAs A.C. LESTER & SON LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "LESTER" — strong identity link between founder and business.
- +Founder age: Director aged approximately 77 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
No meaningful acquirability indicators from public data.
- primaryFamily succession underway: Not a takeover target — LESTER, Charles George (same surname) appointed 2024-10-25. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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7 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 →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
Registered office
Filing status
Officers (4 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 14/07/2002 | 14/08/2015 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 14/07/2002 | 23/07/2015 | |
| satisfied | Westminster Bank . Westminster Bank Limited. | Mortgage | 1 property | 04/08/1969 | 23/09/2005 | |
| satisfied | Westminster Bank . Westminster Bank Limited. | Mortgage | 1 property | 04/08/1969 | 23/09/2005 | |
| satisfied | Westminster Bank . Westminster Bank Limited. | Charge of whole | 1 property | 03/04/1968 | 23/09/2005 | |
| satisfied | Westminster Bank . Westminster Bank Limited. | Legal mortgage | 1 property | 03/04/1968 | 23/09/2005 | |
| satisfied | Westminster Bank . Westminster Bank Limited. | Legal charge | 1 property | 08/09/1965 | 23/09/2005 |