ASCOUGH MANAGEMENT SERVICES LIMITED

🚨Distressedactive
01402655 · ltd · incorporated 1978-11-29
Investment thesis
Distressed but structurally messy — likely a value trap without major surgery.
Why interesting: Headline may look cheap; sector may be recovering.
Why risky: Critical deal-killers in ownership or security; closing cost and post-deal clean-up likely to dominate.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2024
Net worth
£-11.2k
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 26.4y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 26.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
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
104 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £11,194
Cash YoY
+78%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↑ 78% YoY
Net Worth
-£11k
~ YoY
Current Assets
£3k
↓ 56% YoY
Current Liabilities
-£11k-£8k-£4k-£217£3k£7kMar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-03-312023-03-31
Total assets£-11.2k£-11.2k
Current assets£3.2k£7.1k
Cash£3.2k£1.8k
Debtors£5.3k
Net assets£-11.2k£-11.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
2
filings
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Last 90 days
5
filings
  • 2 persons-with-significant-control
  • 2 address
  • 1 confirmation-statement
Last 180 days
9
filings
  • 4 officers
  • 2 persons-with-significant-control
  • 2 address
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-05-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2026-05-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-05-06
    📍
    move-registers-to-sail-company-with-new-address
    address · AD03
  4. 2026-05-06
    📍
    change-sail-address-company-with-new-address
    address · AD02
  5. 2026-01-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2026-01-31
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  7. 2026-01-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2026-01-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2026-01-29
    ABERCROMBIE, Rachel Kay appointed
    secretary
  10. 2026-01-29
    ABERCROMBIE, Rachel Kay appointed
    director
  11. 2026-01-29
    ABERCROMBIE, Judith Ann resigned
    secretary
  12. 2026-01-29
    ABERCROMBIE, Alexander John resigned
    director
  13. 2024-12-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2023-10-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2022-12-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2022-11-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-12-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2020-10-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2019-12-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2018-08-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  21. 2000-02-14
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  22. 1999-09-30
    ABERCROMBIE, Judith Ann appointed
    secretary
  23. 1999-09-30
    ASCOUGH, Marian resigned
    secretary
  24. 1999-09-30
    ASCOUGH, Ian Johnson resigned
    director
  25. 1999-06-10
    ABERCROMBIE, Alexander John appointed
    director
  26. 1978-11-29
    🏢
    Company incorporated
    As ASCOUGH MANAGEMENT SERVICES LIMITED

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 1 med · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-12-31

2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ABERCROMBIE, Judith Ann resigned 2026-01-29; ABERCROMBIE, Alexander John resigned 2026-01-29

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Ms Rachel Kay Abercrombie
Individual · British · DOB 02/1976 · age 50
2550%
25–50%25-50% shares · 25-50% voting29/01/2026
1 historic (ceased) PSC
  • Mr Alexander John Abercrombieceased 29/01/2026· 25-50% 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated1978-11-29
Jurisdictionengland-wales
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

17 Forget Me Not Lane
Plymouth
Devon
PL6 7FA
England

Filing status

Accounts
Next due: 2025-12-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2027-05-12
Last: 2026-04-28

Officers (2 active · 4 resigned)

ABERCROMBIE, Rachel Kay
secretary · appointed 2026-01-29
View their other companies + combined net worth →
Active
ABERCROMBIE, Rachel Kay
director · ~50y · appointed 2026-01-29
View their other companies + combined net worth →
Active
ABERCROMBIE, Judith Ann
secretary · appointed 1999-09-30 · resigned 2026-01-29
Resigned
ASCOUGH, Marian
secretary · resigned 1999-09-30
Resigned
ABERCROMBIE, Alexander John
director · ~88y · appointed 1999-06-10 · resigned 2026-01-29
Resigned
ASCOUGH, Ian Johnson
director · ~92y · resigned 1999-09-30
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property14/02/2000
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (104 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-05-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-22
move-registers-to-sail-company-with-new-address
address · AD03
2026-05-06
change-sail-address-company-with-new-address
address · AD02
2026-05-06
appoint-person-director-company-with-name-date
officers · AP01
2026-01-31
appoint-person-secretary-company-with-name-date
officers · AP03
2026-01-31
termination-secretary-company-with-name-termination-date
officers · TM02
2026-01-30
termination-director-company-with-name-termination-date
officers · TM01
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-06