APPLIED CORROSION MONITORING LIMITED
- · Oldest live charge 38.6y old — refinance window within 12 months
Opportunity 71/100 (strong), bankability 75/100. Strong seller-intent signal (73/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
2 live charges · oldest 38.6y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 38.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (70/100)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
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 |
|---|---|
| Average employees | 300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 gazette
- • 1 dissolution
- • 2 accounts
- • 1 gazette
- • 1 dissolution
Corporate timeline (21 events)Click to expand
- 2026-05-19📄gazette-notice-voluntarygazette · GAZ1(A)
- 2026-05-12📄dissolution-application-strike-off-companydissolution · DS01
- 2026-02-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-02-04📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-12-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-05-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2008-10-08🔓Charge satisfied #1
- 2008-08-28🔓Charge satisfied #2
- 1988-10-28🔒Charge registered #2Lender: Midland Bank PLC
- 1987-11-10🔒Charge registered #1Lender: Midland Bank PLC
- 1985-11-25🏢Company incorporatedAs APPLIED CORROSION MONITORING LIMITED
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 70 — 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 70 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 41 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-05-11
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Dr John Stuart Gill Individual · British · DOB 10/1956 · age 70 | 50–75% | — | 50-75% shares | 06/04/2017 |
Mr Raymond Paul Gill Individual · British · DOB 04/1961 · age 65 | 25–50% | — | 25-50% shares | 06/04/2017 |
Mrs Dawn Lee Gill Individual · British · DOB 11/1958 · age 68 | 25–50% | — | 25-50% shares | 06/04/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 | |||||
|---|---|---|---|---|---|---|
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 28/10/1988 | 28/08/2008 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 10/11/1987 | 08/10/2008 |