A.J.M. ENGINEERING LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 80/100 (exceptional), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
5 live charges · 4 lenders · oldest 44.6y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 44.6 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (55/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Recent activity
- • 1 accounts
- • 1 resolution
- • 2 resolution
- • 1 accounts
- • 1 persons-with-significant-control
- • 2 resolution
- • 1 accounts
- • 1 persons-with-significant-control
Corporate timeline (33 events)Click to expand
- 2026-05-11📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2026-04-29📄resolutionresolution · RESOLUTIONS
- 2026-04-11📄resolutionresolution · RESOLUTIONS
- 2026-04-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-16➕MAY, Clare appointedsecretary
- 2024-12-16➕MAY, Clare appointeddirector
- 2024-12-16➖MAY, Miriam Anne resignedsecretary
- 2024-12-16📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-12-16📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-12-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-24📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2018-05-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-12-18🔓Charge satisfied #5
- 2015-10-22🔓Charge satisfied #1
- 2001-11-08🔓Charge satisfied #3
- 2001-09-14🔒Charge registered #5Lender: Ge Capital Equipment Finance Limited
- 2000-04-05➕MAY, Richard Paul appointeddirector
- 2000-04-05➖MAY, Anthony John resigneddirector
- 2000-04-05➖MAY, Miriam Anne resigneddirector
- 1997-05-15🔒Charge registered #4Lender: Midland Bank PLC
- 1996-10-14🔒Charge registered #3Lender: National Westminster Bank PLC
- 1995-04-10➖MAY, Richard Paul resigneddirector
- 1994-09-28🔒Charge registered #2Lender: Bank of Ireland
- 1993-03-02➕MAY, Richard Paul appointeddirector
- 1981-10-27🔒Charge registered #1Lender: National Westminster Bank PLC
- 1981-08-18🏢Company incorporatedAs A.J.M. ENGINEERING LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- primaryFamily succession underway: Not a takeover target — MAY, Clare (same surname) appointed 2024-12-16. Pattern consistent with intra-family handover.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple 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 |
|---|---|---|---|---|
Mr Richard Paul May Individual · British · DOB 04/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Ge Capital Equipment Finance Ge Capital Equipment Finance Limited | Equipment mortgage | 1 property | 14/09/2001 | 18/12/2015 | |
| outstanding | Midland Bank Midland Bank PLC | Debenture | 1 property | 15/05/1997 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 14/10/1996 | 08/11/2001 | |
| outstanding | Bank of Ireland | Fixed charge | 1 property | 28/09/1994 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 27/10/1981 | 22/10/2015 |