A L H SYSTEMS LIMITED
- · Thesis: well-run, low negotiation leverage
- 28990SIC 28990
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (60/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
14 live charges · 9 lenders · oldest 48.1y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 48.1 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key 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 |
|---|---|---|
| Average employees | 2400 | 2800 |
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
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (83 events)Click to expand
- 2025-08-05📄accounts-with-accounts-type-smallaccounts · AA
- 2025-05-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-09➖JILLESTAM, Johan Oscar resigneddirector
- 2025-03-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-01➕OKSALA, Sanna Maria appointeddirector
- 2025-02-28➖ROWLANDS, Peter Ian resigneddirector
- 2024-10-24➕KUJALA, Juha Tapani appointeddirector
- 2024-10-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-13📄accounts-with-accounts-type-smallaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-smallaccounts · AA
- 2023-03-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-01➕PYE, David Michael appointeddirector
- 2022-09-27📄accounts-with-accounts-type-fullaccounts · AA
- 2022-08-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-12➖LYES, David John resigneddirector
- 2021-11-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-10-26➖JENKINS, Mark Lewis resigneddirector
- 2021-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2021-01-10📄accounts-with-accounts-type-fullaccounts · AA
- 2019-08-08📄accounts-with-accounts-type-fullaccounts · AA
- 2019-02-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2019-01-11📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-01-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-01-10➖COUSINS, Andrew Johannes resignedsecretary
- 2019-01-10➖COUSINS, Andrew Johannes resigneddirector
- 2018-10-05➕LYES, David John appointeddirector
- 2016-11-23➖LUCAS, Andrew John resigneddirector
- 2015-11-05➖HJALMARSON, Claes Harald Hjalmar resigneddirector
- 2015-11-05➕JENKINS, Mark Lewis appointeddirector
- 2015-02-27➖DAVIES, Malcolm Francis resigneddirector
- 2014-12-16🔒Charge registered #14Lender: Svenska Handelsbanken Ab (Publ)
- 2014-06-26➕HJALMARSON, Claes Harald Hjalmar appointeddirector
- 2014-06-26➕JILLESTAM, Johan Oscar appointeddirector
- 2014-06-26➕ROWLANDS, Peter Ian appointeddirector
- 2014-04-28🔓Charge satisfied #13
- 2014-04-28🔓Charge satisfied #12
- 2014-04-28🔓Charge satisfied #11
- 2005-06-13🔒Charge registered #13Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
- 2004-08-16🔒Charge registered #12Lender: Andrew Cousins, Andrew Lucas and David Morrison Together Being the Trustees of the Scheme
- 2004-05-24🔒Charge registered #11Lender: Hsbc Bank PLC
- 2004-03-23🔓Charge satisfied #10
- 2004-03-23🔓Charge satisfied #9
- 2004-03-23🔓Charge satisfied #8
- 2004-03-23🔓Charge satisfied #6
- 2004-03-23🔓Charge satisfied #1
- 2001-10-01➖STELL, Bernard resigneddirector
- 2001-09-19➕COUSINS, Andrew Johannes appointedsecretary
- 2001-09-19➖LUCAS, Andrew John resignedsecretary
- 2001-09-19➕COUSINS, Andrew Johannes appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Indutrade Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Indutrade Uk Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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6 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 (3 active · 20 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | — | 16/12/2014 | — | |
| satisfied | HSBC Hsbc Invoice Finance (UK) LTD ("the Security Holder") | Fixed charge on purchased debts which fail to vest | 1 property | 13/06/2005 | 28/04/2014 | |
| satisfied | Andrew Cousins, Andrew Lucas and David Morrison Together Being the Trustees of the Scheme | Agreement creating floating charge | 1 property | 16/08/2004 | 28/04/2014 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 24/05/2004 | 28/04/2014 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Charge over credit balance | 1 property | 14/03/1991 | 23/03/2004 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 14/08/1986 | 23/03/2004 | |
| satisfied | Investors in Industry Investors in Industry PLC | Collateral debenture | 1 property | 14/08/1986 | 23/03/2004 | |
| satisfied | Midland Bank Midland Bank PLC | Facility letter | 1 property | 18/01/1986 | 30/10/1986 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Facility letter | 1 property | 18/01/1983 | 23/03/2004 | |
| satisfied | Midland Bank as Trustee Midland Bank PLC as Trustee | Deed of variation | 1 property | 18/01/1983 | 30/10/1986 | |
| satisfied | Midland Bank Plcas Trustee | Legal charge | 1 property | 18/01/1983 | 30/10/1986 | |
| satisfied | Midland Bank Plcas Trustee | Fixed charge on book debts | 1 property | 18/01/1983 | 30/10/1986 | |
| satisfied | Midland Bank Plcas Trustee | Floating charge | 1 property | 18/01/1983 | 30/10/1986 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 31/03/1978 | 23/03/2004 |