ALTEX ENGINEERING LIMITED

🌳Matureactive
01632650 · ltd · incorporated 1982-04-30
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.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£2.35M
book net assets
Opportunity
80/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 25500
Sector: Manufacturing
ALSO REGISTERED FOR
  • 25620Machining
  • 25990SIC 25990
  • 32990Other manufacturing n.e.c.
Investor take
Pursue
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 77/100. 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

6 live charges · 4 lenders · oldest 26.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 26.1 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — 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, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
8 officers (4 active, 8 linked, 6 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
130 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
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 · accounting standard not declared
Positive net assets
Net assets £2,348,809
Cash YoY
+54%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£343k
↑ 54% YoY
Net Worth
£2.3m
↑ 2.5% YoY
Current Assets
£947k
↑ 19% YoY
Current Liabilities
—
£0£470k£940k£1.4m£1.9m£2.3mDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£2.62M£2.68M
Current assets£946.8k£797.1k
Cash£342.8k£222.2k
Debtors£534.6k£466.9k
Net assets£2.35M£2.29M

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-08-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-08-04
    ➕
    JACKETT, Stephen Paul appointed
    director
  6. 2025-08-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-04-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-04-11
    ➖
    BREWER, Adrian Francis resigned
    director
  9. 2025-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-04-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2023-04-27
    🔓
    Charge satisfied #6
  13. 2023-03-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2023-03-31
    🔓
    Charge satisfied #5
  15. 2023-02-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-02-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2019-02-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2016-06-10
    🔒
    Charge registered #6
    Lender: Lloyds Bank PLC
  23. 2013-08-12
    🔒
    Charge registered #5
    Lender: Lloyds Tsb Bank PLC
  24. 2008-07-25
    🔓
    Charge satisfied #3
  25. 2008-07-25
    🔓
    Charge satisfied #1
  26. 2008-04-06
    ➕
    BREWER, Adrian Francis appointed
    director
  27. 2007-11-14
    🔓
    Charge satisfied #2
  28. 2007-10-09
    🔓
    Charge satisfied #4
  29. 2005-06-24
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  30. 2005-03-29
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland Commercial Services Limited
  31. 2001-04-05
    ➖
    HOGTON, Robert John resigned
    director
  32. 2000-08-11
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  33. 2000-05-18
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  34. 1998-03-09
    ➕
    HOGTON, Robert John appointed
    director
  35. 1997-04-07
    ➕
    JACKETT, Suzan appointed
    director
  36. 1997-01-31
    ➖
    JACKETT, Thomas Wesley resigned
    director
  37. 1994-02-01
    ➕
    JACKETT, Suzan appointed
    secretary
  38. 1994-02-01
    ➖
    JACKETT, John Wesley resigned
    secretary
  39. 1982-04-30
    🏢
    Company incorporated
    As ALTEX ENGINEERING LIMITED

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — JACKETT, Stephen Paul (same surname) appointed 2025-08-04. Pattern consistent with intra-family handover.
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primary20+ year tenure: Director in role 29 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 ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr John Wesley Jackett
Individual · British · DOB 11/1964 · age 62
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mrs Suzan Jackett
Individual · German · DOB 09/1966 · age 60
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

Active · Manufacturing · SN postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
A G AUTOMATION LIMITED→
08886445 · est 2014 · no financials extracted
————12y——
ABSTRACT I.T. MANAGEMENT LIMITED→
08515920 · est 2013 · no financials extracted
————12y——
AC PRECISION ENGINEERING LIMITED→
04815509 · est 2003 · no financials extracted
————22y——
AGILE VEHICLE TECHNOLOGIES LIMITED→
09189617 · est 2014 · no financials extracted
————11y——
AH FRAME ARTIST LTD→
16653070 · est 2025 · no financials extracted
———————
AHT CONSULTING LTD→
11709884 · est 2018 · no financials extracted
————7y——
AKER FIRE AND SECURITY LIMITED→
10140670 · est 2016 · no financials extracted
————9y——
ALIGNERSTX LIMITED→
15491816 · est 2024 · no financials extracted
————2y——
ALLPORT & VINCENT DENTAL LABORATORY LTD→
05333437 · est 2005 · no financials extracted
————21y——
ALLSET LUGGAGE LTD→
16769925 · est 2025 · no financials extracted
———————
ALPUNCH TOOLING LIMITED→
02288475 · est 1988 · no financials extracted
————37y——
ALUMINIUM MANUFACTURING LTD→
07229969 · est 2010 · no financials extracted
————15y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated1982-04-30
Jurisdictionengland-wales
Primary SIC25500 — SIC 25500

Registered office

Beversbrook Business Park
Stanier Road
Calne
Wiltshire
SN11 9PX

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-12-16
Last: 2025-12-02

Officers (4 active · 4 resigned)

JACKETT, Suzan→
secretary · appointed 1994-02-01
View their other companies + combined net worth →
Active
JACKETT, John Wesley→
director · ~62y
View their other companies + combined net worth →
Active
JACKETT, Stephen Paul→
director · ~51y · appointed 2025-08-04
View their other companies + combined net worth →
Active
JACKETT, Suzan→
director · ~60y · appointed 1997-04-07
View their other companies + combined net worth →
Active
JACKETT, John Wesley→
secretary · resigned 1994-02-01
Resigned
BREWER, Adrian Francis→
director · ~56y · appointed 2008-04-06 · resigned 2025-04-11
Resigned
HOGTON, Robert John→
director · ~89y · appointed 1998-03-09 · resigned 2001-04-05
Resigned
JACKETT, Thomas Wesley→
director · ~92y · resigned 1997-01-31
Resigned

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

Mortgages & charges

6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property10/06/201627/04/2023
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
A registered charge1 property12/08/201331/03/2023
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property24/06/200509/10/2007
satisfied
Lloyds Banking Group
The Royal Bank of Scotland Commercial Services Limited
Fixed and floating charge1 property29/03/200525/07/2008
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property11/08/200014/11/2007
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property18/05/200025/07/2008

Recent filings (130 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-12
change-person-director-company-with-change-date
officers · CH01
2025-08-19
appoint-person-director-company-with-name-date
officers · AP01
2025-08-04
termination-director-company-with-name-termination-date
officers · TM01
2025-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-05
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-27
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-06