ACCRAPAK SYSTEMS LIMITED
🌳Matureactive
01272660 · ltd · incorporated 1976-08-11
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£471.9k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 28290
Sector: Manufacturing
Investor take
PursueActive trading company with a 80-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
8 live charges · 3 lenders · oldest 46.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 46.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
98 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
80
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 102Positive net assets
Net assets £471,930
Key financials
2 years extracted from filed iXBRL accountsCash
£213k
Net Worth
£472k
Current Assets
£302k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £471.9k | — |
| Current assets | £301.6k | — |
| Cash | £213.4k | — |
| Debtors | £80.2k | — |
| Net assets | £471.9k | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2026-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-08-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-08-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-08-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-05-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-08-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-02-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-09-14➖PENNINGTON, James Maurice resigneddirector
- 2019-09-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-08-30➕PENNINGTON, Graham James appointeddirector
- 2019-08-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-05-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-05-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2001-12-31➖WEBB, Herbert resigneddirector
- 1998-03-31➖CLARE, John Leonard resigneddirector
- 1997-01-31🔒Charge registered #8Lender: Barclays Bank PLC
- 1996-10-29🔒Charge registered #7Lender: Barclays Bank PLC
- 1994-01-07🔒Charge registered #6Lender: Barclays Bank PLC
- 1992-06-27🔓Charge satisfied #3
- 1992-06-08🔓Charge satisfied #4
- 1992-06-08🔓Charge satisfied #2
- 1992-06-08🔓Charge satisfied #1
- 1992-01-01➕PENNINGTON, Barbara appointeddirector
- 1991-03-27🔒Charge registered #5Lender: Barclays Bank PLC
- 1982-09-14🔒Charge registered #4Lender: Midland Bank PLC
- 1982-05-19🔒Charge registered #3Lender: Council for Small Industries in Rural Areas
- 1982-04-01🔒Charge registered #2Lender: Midland Bank PLC
- 1980-06-24🔒Charge registered #1Lender: Midland Bank PLC
- 1976-08-11🏢Company incorporatedAs ACCRAPAK SYSTEMS LIMITED
Owner dependency
91/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
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 80 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 50 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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Barbara Pennington Individual · British · DOB 03/1946 · age 80 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr James Maurice Penningtonceased 14/09/2019· 50-75% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
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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|---|---|---|---|---|---|---|---|
| APNEA-TECH LIMITED→ 12581980 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ARCLIN UK HOLDINGS LIMITED→ 16882243 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ASTRIUM ENERGY UK LTD→ 15712195 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AUTOMATED INSTALLATIONS LIMITED→ 06342237 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| AVALON AIRSHIPS LTD→ 10850645 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AVDEL UK LIMITED→ 00315076 · est 1936 · no financials extracted | — | — | — | — | 89y | — | — |
| AVOCET RESOURCES LIMITED→ 05480513 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| AXLES AND TURNTABLES LTD→ 10401666 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AXON VASCULAR EUROPE LIMITED→ 16559958 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AXSCEND LIMITED→ 04275454 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| AYAN TYRE SERVICES LTD→ 16790275 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AYLESBURY AUTOMATION LIMITED→ 04046524 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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
Incorporated1976-08-11
Jurisdictionengland-wales
Primary SIC28290 — SIC 28290
Registered office
Burtonwood Industrial Estate
Phipps Lane, Burtonwood
Warrington
Cheshire
WA5 4HX
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31
Officers (3 active · 3 resigned)
Active
PENNINGTON, Barbara→
Activedirector · ~80y · appointed 1992-01-01
View their other companies + combined net worth →
PENNINGTON, Graham James→
Activedirector · ~51y · appointed 2019-08-30
View their other companies + combined net worth →
CLARE, John Leonard→
Resigneddirector · ~100y · resigned 1998-03-31
PENNINGTON, James Maurice→
Resigneddirector · ~80y · resigned 2019-09-14
WEBB, Herbert→
Resigneddirector · ~100y · resigned 2001-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
4
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 31/01/1997 | — | |
| outstanding | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 29/10/1996 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 07/01/1994 | — | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 27/03/1991 | — | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 14/09/1982 | 08/06/1992 | |
| satisfied | Council for Small Industries in Rural Areas | Deed of charge | 1 property | 19/05/1982 | 27/06/1992 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 01/04/1982 | 08/06/1992 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 24/06/1980 | 08/06/1992 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (98 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-02-13