ADVANCED FURNACE TECHNOLOGY LTD.
- · Oldest live charge 38.8y old — refinance window within 12 months
Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 88). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
1 live charge · oldest 38.8y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 38.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | — | £3.91M |
| Current assets | — | £2.13M |
| Cash | — | £1.69M |
| Debtors | — | £356.7k |
| Net assets | — | £3.91M |
| Average employees | 1900 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 2 capital
- • 1 accounts
- • 2 capital
- • 1 accounts
- • 2 capital
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (20 events)Click to expand
- 2026-05-13📄capital-cancellation-sharescapital · SH06
- 2026-05-13📄capital-return-purchase-own-sharescapital · SH03
- 2026-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-31📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-13📄capital-alter-shares-subdivisioncapital · SH02
- 2023-03-13📄capital-name-of-class-of-sharescapital · SH08
- 2023-01-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-04📄capital-allotment-sharescapital · SH01
- 2022-12-13📄resolutionresolution · RESOLUTIONS
- 2022-12-13📄memorandum-articlesincorporation · MA
- 2022-09-07📄capital-allotment-sharescapital · SH01
- 2022-09-07📄capital-allotment-sharescapital · SH01
- 2022-03-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 1987-08-03🔒Charge registered #1Lender: Midland Bank PLC
- 1983-04-21🏢Company incorporatedAs ADVANCED FURNACE TECHNOLOGY LTD.
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 88 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 88 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 43 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Ann May Tolkien Individual · British · DOB 07/1939 · age 87 | — | — | sig. influencesignificant influence | 06/04/2016 |
Mr Paul Walter Dominic Tolkien Individual · British · DOB 08/1938 · age 88 | — | — | sig. influencesignificant influence | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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7 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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 03/08/1987 | — |