ADVANCED INSTRUMENTS HOLDINGS LTD.

🌳Matureactive
01830061 · ltd · incorporated 1984-07-04
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
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Turnover
year to Dec 2024
Net worth
£-48.21M
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 47749
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 57/100. 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

7 live charges · 3 lenders · oldest 38.4y

15/100
under pressure

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

  • · Oldest live charge is 38.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (69/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
13 officers (5 active, 13 linked, 10 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
140 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red 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 £48,212,989
Net assets shrinking
Down £48,641,310 YoY
Cash draining
Cash down 87% YoY
Cash YoY
-87%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£30k
↓ 87% YoY
Net Worth
-£48m
↓ 11356% YoY
Current Assets
£11m
↓ 6.7% YoY
Current Liabilities
-£48m-£36m-£24m-£12m£146k£12mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£51.79M£100.43M
Current assets£11.41M£12.24M
Cash£29.6k£224.2k
Debtors£11.38M£12.01M
Net assets£-48.21M£428.3k

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

🔒Filing-note intelligence

4 signals 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
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2026-03-16
    📄
    accounts-with-accounts-type-group
    accounts · AA
  2. 2025-07-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-07-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-07-09
    🔒
    Charge registered #7
    Lender: Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
  5. 2025-07-09
    🔒
    Charge registered #6
    Lender: Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
  6. 2025-03-13
    📄
    accounts-with-accounts-type-group
    accounts · AA
  7. 2025-03-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2025-03-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2024-03-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2024-03-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2024-02-22
    📄
    accounts-with-accounts-type-group
    accounts · AA
  12. 2024-02-16
    HOYER, Matthew Carl appointed
    director
  13. 2024-02-16
    SMITH, James Scott Allen resigned
    director
  14. 2023-06-06
    📄
    accounts-with-accounts-type-group
    accounts · AA
  15. 2023-04-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2023-04-13
    🔒
    Charge registered #5
    Lender: Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
  17. 2022-07-14
    📄
    capital-allotment-shares
    capital · SH01
  18. 2022-05-31
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  19. 2022-04-21
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  20. 2022-04-08
    HOYER, Matthew appointed
    secretary
  21. 2021-09-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2021-09-27
    🔒
    Charge registered #4
    Lender: Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
  23. 2021-08-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  24. 2020-11-17
    📄
    memorandum-articles
    incorporation · MA
  25. 2020-11-17
    📄
    resolution
    resolution · RESOLUTIONS
  26. 2020-11-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  27. 2020-11-06
    🔒
    Charge registered #3
    Lender: Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
  28. 2019-04-23
    GARRATT, Adrian Richard resigned
    director
  29. 2017-07-10
    HANLON, Susan Marie appointed
    director
  30. 2017-07-09
    NORIS, James Patrick resigned
    director
  31. 2017-06-19
    COSTAS, Peter Paul resigned
    director
  32. 2017-05-15
    SELMAN, Byron appointed
    director
  33. 2017-05-12
    COUGHLIN, John Leland resigned
    director
  34. 2014-04-24
    GRAVITAS COMPANY SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  35. 2014-04-24
    COSTAS, Peter Paul appointed
    director
  36. 2014-04-24
    COUGHLIN, John Leland appointed
    director
  37. 2014-04-24
    HOOPER, Peter John resigned
    director
  38. 2014-04-24
    NORIS, James Patrick appointed
    director
  39. 2013-12-31
    HOOPER, Elizabeth Carol Denholm resigned
    secretary
  40. 2010-01-30
    🔓
    Charge satisfied #2
  41. 2009-10-01
    GARRATT, Adrian Richard appointed
    director
  42. 2009-10-01
    SMITH, James Scott Allen appointed
    director
  43. 2008-03-19
    BOWN, Christopher Stanley resigned
    director
  44. 1999-10-30
    🔓
    Charge satisfied #1
  45. 1999-03-08
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  46. 1991-01-01
    BOWN, Christopher Stanley appointed
    director
  47. 1988-03-04
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  48. 1984-07-04
    🏢
    Company incorporated
    As ADVANCED INSTRUMENTS HOLDINGS LTD.

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

40/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.

Red flags

1 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

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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
Incorporated1984-07-04
Jurisdictionengland-wales
Primary SIC47749 — SIC 47749

Registered office

5th Floor One New Change
London
EC4M 9AF

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-28
Last: 2025-12-14

Officers (5 active · 8 resigned)

HOYER, Matthew
secretary · appointed 2022-04-08
View their other companies + combined net worth →
Active
GRAVITAS COMPANY SECRETARIAL SERVICES LIMITED
corporate-secretary · appointed 2014-04-24
View their other companies + combined net worth →
Active
HANLON, Susan Marie
director · ~58y · appointed 2017-07-10
View their other companies + combined net worth →
Active
HOYER, Matthew Carl
director · ~52y · appointed 2024-02-16
View their other companies + combined net worth →
Active
SELMAN, Byron
director · ~60y · appointed 2017-05-15
View their other companies + combined net worth →
Active
HOOPER, Elizabeth Carol Denholm
secretary · resigned 2013-12-31
Resigned
BOWN, Christopher Stanley
director · ~83y · appointed 1991-01-01 · resigned 2008-03-19
Resigned
COSTAS, Peter Paul
director · ~67y · appointed 2014-04-24 · resigned 2017-06-19
Resigned
COUGHLIN, John Leland
director · ~75y · appointed 2014-04-24 · resigned 2017-05-12
Resigned
GARRATT, Adrian Richard
director · ~73y · appointed 2009-10-01 · resigned 2019-04-23
Resigned
HOOPER, Peter John
director · ~87y · resigned 2014-04-24
Resigned
NORIS, James Patrick
director · ~54y · appointed 2014-04-24 · resigned 2017-07-09
Resigned
SMITH, James Scott Allen
director · ~68y · appointed 2009-10-01 · resigned 2024-02-16
Resigned

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

Mortgages & charges

7
Total charges
5
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Glas Trust Company (And Its Successors in Title and Permitted Transferees)
Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
A registered charge1 property09/07/2025
outstanding
Glas Trust Company (And Its Successors in Title and Permitted Transferees)
Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
A registered charge1 property09/07/2025
outstanding
Glas Trust Company (And Its Successors in Title and Permitted Transferees)
Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
A registered charge13/04/2023
outstanding
Glas Trust Company (And Its Successors in Title and Permitted Transferees)
Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
A registered charge27/09/2021
outstanding
Glas Trust Company (And Its Successors in Title and Permitted Transferees)
Glas Trust Company Llc (And Its Successors in Title and Permitted Transferees)
A registered charge06/11/2020
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property08/03/199930/01/2010
satisfied
Barclays
Barclays Bank PLC
Debenture1 property04/03/198830/10/1999
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (140 total)

accounts-with-accounts-type-group
accounts · AA
2026-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-10
accounts-with-accounts-type-group
accounts · AA
2025-03-13
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-12
gazette-notice-compulsory
gazette · GAZ1
2025-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
appoint-person-director-company-with-name-date
officers · AP01
2024-03-05
termination-director-company-with-name-termination-date
officers · TM01
2024-03-05
accounts-with-accounts-type-group
accounts · AA
2024-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-14
accounts-with-accounts-type-group
accounts · AA
2023-06-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-15