ALPHA THERM LIMITED
📉Decliningactive
00882439 · ltd · incorporated 1966-06-29
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 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 25210
Sector: Manufacturing
Investor take
PursueStrong opportunity: conservative operator with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (70/100).
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 50.6y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 50.6 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
25 officers (2 active, 25 linked, 22 with DOB)
88
Ownership & PSC
2 active PSC(s) of 7 total, 7 with control declared
90
Director network
Network not yet resolved
30
Filing history
178 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £1,153,752
Key financials
2 years extracted from filed iXBRL accountsCash
—
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 | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Profit before tax | £1.15M | £1.69M |
| Average employees | 79 | 8000 |
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
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (75 events)Click to expand
- 2026-03-23📄accounts-with-accounts-type-fullaccounts · AA
- 2025-04-10📄accounts-with-accounts-type-fullaccounts · AA
- 2024-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-09📄accounts-with-accounts-type-fullaccounts · AA
- 2023-03-30📄accounts-with-accounts-type-fullaccounts · AA
- 2022-04-07📄accounts-with-accounts-type-fullaccounts · AA
- 2021-06-26📄resolutionresolution · RESOLUTIONS
- 2021-04-09📄accounts-with-accounts-type-fullaccounts · AA
- 2021-04-07📄memorandum-articlesincorporation · MA
- 2021-03-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-03-10➕WILSON, Michael John appointeddirector
- 2021-03-10➖ALBERICI, Pietro resigneddirector
- 2021-03-10➖AMADEI, Alfredo resigneddirector
- 2021-03-10➖MAINI, Massimo resigneddirector
- 2020-10-30📄accounts-with-accounts-type-fullaccounts · AA
- 2018-02-23➖TIMPERLEY, Joelle resigneddirector
- 2016-04-14🔓Charge satisfied #4
- 2015-12-21🔓Charge satisfied #5
- 2015-12-21🔓Charge satisfied #3
- 2015-12-21🔓Charge satisfied #2
- 2015-12-21🔓Charge satisfied #1
- 2015-10-21🔒Charge registered #6Lender: Barclays Bank PLC
- 2014-11-01➕CARMELI, Andrea appointeddirector
- 2014-11-01➕TIMPERLEY, Joelle appointeddirector
- 2014-10-31➖STUDDEN, Jeremy James resigneddirector
- 2011-02-11🔒Charge registered #5Lender: Hsbc Bank PLC
- 2010-12-13➖JONES, Trevor resignedsecretary
- 2010-10-01➕STUDDEN, Jeremy James appointeddirector
- 2010-09-30➖JONES, Clifford Brian resigneddirector
- 2009-02-13🔒Charge registered #4Lender: Hsbc Invoice Finance (UK) Limited
- 2008-04-23➕ALBERICI, Pietro appointeddirector
- 2008-04-23➖CROWN, Andrew David resigneddirector
- 2008-04-23➖JONES, Trevor resigneddirector
- 2008-04-23➕MAINI, Massimo appointeddirector
- 2008-04-23➖MCKINNON, Gary resigneddirector
- 2006-08-01➕MCKINNON, Gary appointeddirector
- 2006-07-31➖LINLEY, Paul Anthony resigneddirector
- 2004-12-31➕CROWN, Andrew David appointeddirector
- 2004-12-31➕LINLEY, Paul Anthony appointeddirector
- 2004-12-31➖NICHOLLS, Garry John resigneddirector
- 2004-04-21🔒Charge registered #3Lender: Hsbc Bank PLC
- 2003-04-30➖SIVILL, Alistair David resigneddirector
- 2003-01-17➕JONES, Trevor appointeddirector
Showing most recent 50 of 75 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
51/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 60 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alfredo Amadei Individual · Italian · DOB 02/1968 · age 58 | 25–50% | — | 25-50% shares | 30/06/2016 |
Mr Romano Amadei Individual · Italian · DOB 07/1939 · age 87 | 25–50% | — | 25-50% shares | 30/06/2016 |
5 historic (ceased) PSCs
- Elisa Fraticeased 14/11/2024· significant influence
- Alessandro Carraceased 14/11/2024· significant influence
- Gionata Carraceased 14/11/2024· significant influence
- Lia Azziniceased 14/11/2024· significant influence
- Immerfin Spaceased 14/11/2024· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Manufacturing · TN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ACT ENGINEERING LIMITED→ 15114996 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVARTEX LIMITED→ 01312944 · est 1977 · no financials extracted | — | — | — | — | 48y | — | — |
| AJG AVIATION LTD→ 14913041 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ALISON ARDEN ACUPUNCTURE LTD→ 15971208 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALL ABOUT THE LANDSCAPE LTD→ 16623718 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALL ASPECTS CONSTRUCTION LTD→ 16238579 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ALL CNC LTD→ 15403714 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AMAC RECORDS & MANUFACTURING LTD→ 15958946 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AMALA BAY LTD→ 13016921 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AMBERSET LIMITED→ 03145479 · est 1996 · no financials extracted | — | — | — | — | 30y | — | — |
| AMBRE CANDLES LTD→ 15966249 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AMELIA ROXANNA LIMITED→ 14877645 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1966-06-29
Jurisdictionengland-wales
Primary SIC25210 — SIC 25210
Registered office
Nepicar House
London Road, Wrotham Heath
Sevenoaks
Kent
TN15 7RS
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31
Officers (2 active · 23 resigned)
CARMELI, Andrea→
Activedirector · ~53y · appointed 2014-11-01
View their other companies + combined net worth →
WILSON, Michael John→
Activedirector · ~55y · appointed 2021-03-10
View their other companies + combined net worth →
CROSS, Stephen→
Resignedsecretary · resigned 2000-11-06
JONES, Trevor→
Resignedsecretary · appointed 2001-07-17 · resigned 2010-12-13
PINI, Domenic Augustus→
Resignedsecretary · appointed 2000-02-29 · resigned 2001-07-17
ALBERICI, Pietro→
Resigneddirector · ~64y · appointed 2008-04-23 · resigned 2021-03-10
ALBERICI, Pietro→
Resigneddirector · ~64y · appointed 2000-02-29 · resigned 2001-02-07
AMADEI, Alfredo→
Resigneddirector · ~58y · appointed 2001-02-07 · resigned 2021-03-10
CORRADI, Bruno→
Resigneddirector · ~59y · appointed 2001-02-07 · resigned 2002-10-24
COWIN, David→
Resigneddirector · ~75y · appointed 1997-09-01 · resigned 1999-01-31
CROWN, Andrew David→
Resigneddirector · ~55y · appointed 2004-12-31 · resigned 2008-04-23
GRANTER, Geoffrey Ernest Thurston→
Resigneddirector · ~90y · appointed 1999-06-08 · resigned 2000-02-29
JONES, Clifford Brian→
Resigneddirector · ~62y · appointed 1997-07-01 · resigned 2010-09-30
JONES, Trevor→
Resigneddirector · ~59y · appointed 2003-01-17 · resigned 2008-04-23
LINLEY, Paul Anthony→
Resigneddirector · ~54y · appointed 2004-12-31 · resigned 2006-07-31
MAINI, Massimo→
Resigneddirector · ~59y · appointed 2008-04-23 · resigned 2021-03-10
MARTINI, Fulvio→
Resigneddirector · ~55y · appointed 2000-02-29 · resigned 2001-02-07
MCKINNON, Gary→
Resigneddirector · ~66y · appointed 2006-08-01 · resigned 2008-04-23
NICHOLLS, Garry John→
Resigneddirector · ~82y · resigned 2004-12-31
NORTH, William→
Resigneddirector · ~81y · appointed 1992-01-21 · resigned 1999-11-30
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 21/10/2015 | — | |
| satisfied | HSBC Hsbc Bank PLC | Legal assignment | 1 property | 11/02/2011 | 21/12/2015 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) Limited | Fixed charge on non-vesting debts and floating charge | 1 property | 13/02/2009 | 14/04/2016 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 21/04/2004 | 21/12/2015 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 25/09/1991 | 21/12/2015 | |
| satisfied | Midland Bank Midland Bank LTD | Charge | 1 property | 11/11/1975 | 21/12/2015 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (178 total)
accounts-with-accounts-type-full
accounts · AA
2026-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
accounts-with-accounts-type-full
accounts · AA
2025-04-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-14
accounts-with-accounts-type-full
accounts · AA
2024-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-08
accounts-with-accounts-type-full
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-09
accounts-with-accounts-type-full
accounts · AA
2022-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-10