AJAY ELECTRONICS LIMITED
💤Zombieactive
01259845 · ltd · incorporated 1976-05-24
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
£203.4k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 26120
Sector: Manufacturing
ALSO REGISTERED FOR
- 26511SIC 26511
- 26512SIC 26512
- 27320SIC 27320
Investor take
PursueAsset-holding vehicle with a 78-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 78). 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
1 live charge · oldest 45.0y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 45.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
94 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
85
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 £203,368
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£203k
↑ 8.0% YoY
Current Assets
£118k
↑ 4.1% 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 | £203.4k | £188.4k |
| Current assets | £117.8k | £113.2k |
| Net assets | £203.4k | £188.4k |
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 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2026-03-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-29🔓Charge satisfied #1
- 2023-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-24➖BICKELL, Stephen, Mr. resignedsecretary
- 2020-09-24➖BICKELL, Stephen, Mr. resigneddirector
- 2020-09-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-09-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-09-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-03-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-04-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-01-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-05-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 1981-06-10🔒Charge registered #1Lender: Barclays Bank PLC
- 1976-05-24🏢Company incorporatedAs AJAY ELECTRONICS LIMITED
Owner dependency
90/100
Critical — business is the founderThe 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 78 — succession pressure is live.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 78 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 50 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David James Macgraw Individual · British · DOB 02/1948 · age 78 | 25–50% | — | 25-50% shares | 01/10/2016 |
1 historic (ceased) PSC
- Mr. Stephen Bickellceased 24/09/2020· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| BAKERY RECORDS LIMITED→ 13022395 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BAUMULLER (U.K.) LIMITED→ 01999052 · est 1986 · no financials extracted | — | — | — | — | 40y | — | — |
| BELLA SPOSA LTD→ 17055500 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BENSONS BOOKBINDING LTD→ 12723750 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BERMONDSEYBOY1 LIMITED→ 14010148 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BLACK COWBOY JEANS CO LTD→ 10229124 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| BMT SERVICES LTD→ 12283909 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BODY COAST LIMITED→ 09834943 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BONADI LIMITED→ 16488647 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BORN ELECTRONICS LIMITED→ 12222108 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BREW GARAGE SERVICES LIMITED→ 02842236 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| BROWNLEY ENGINEERING COMPANY LIMITED→ 05035993 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
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 →🔒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
Incorporated1976-05-24
Jurisdictionengland-wales
Primary SIC26120 — SIC 26120
Registered office
Unit 4 Kimpton Link Business
Centre, 40 Kimpton Road
Sutton
Surrey
SM3 9QP
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24
Officers (1 active · 2 resigned)
Active
BICKELL, Stephen, Mr.→
Resignedsecretary · resigned 2020-09-24
BICKELL, Stephen, Mr.→
Resigneddirector · ~76y · resigned 2020-09-24
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Charge | 1 property | 10/06/1981 | 29/11/2023 |
Recent filings (94 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-24
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-22
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-24
termination-director-company-with-name-termination-date
officers · TM01
2020-09-24
termination-secretary-company-with-name-termination-date
officers · TM02
2020-09-24