AGEMA ENGINEERING LIMITED
- · Oldest live charge 39.4y old — refinance window within 12 months
- 71129Other engineering activities
Opportunity 73/100 (strong), bankability 65/100. Strong seller-intent signal (68/100, director aged 71). 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
11 live charges · 2 lenders · oldest 39.4y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 39.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 40/100 — 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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | — | £12.59M |
| Current assets | — | £14.89M |
| Cash | — | £675.7k |
| Debtors | — | £12.43M |
| Net assets | — | £10.19M |
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (38 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-mediumaccounts · AA
- 2025-08-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-08-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2023-12-18📄accounts-with-accounts-type-fullaccounts · AA
- 2022-11-28📄accounts-with-accounts-type-fullaccounts · AA
- 2021-11-02📄accounts-with-accounts-type-fullaccounts · AA
- 2021-04-01📄accounts-with-accounts-type-fullaccounts · AA
- 2020-12-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-12-03🔒Charge registered #11Lender: Barclays Bank PLC
- 2020-05-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-05-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-12-20📄accounts-with-accounts-type-fullaccounts · AA
- 2018-12-21📄accounts-with-accounts-type-fullaccounts · AA
- 2018-06-27📄change-person-director-company-with-change-dateofficers · CH01
- 2017-12-19📄accounts-with-accounts-type-fullaccounts · AA
- 2017-05-25📄resolutionresolution · RESOLUTIONS
- 2016-11-25🔓Charge satisfied #5
- 2016-11-25🔓Charge satisfied #4
- 2016-11-24🔓Charge satisfied #7
- 2016-11-24🔓Charge satisfied #6
- 2016-11-24🔓Charge satisfied #2
- 2014-06-09🔒Charge registered #10Lender: Barclays Bank PLC
- 2013-02-18🔒Charge registered #9Lender: Barclays Bank PLC
- 2012-12-18🔒Charge registered #8Lender: Barclays Bank PLC
- 2012-12-04🔓Charge satisfied #1
- 2012-03-01➕STRINGER, Jonathan appointeddirector
- 1998-08-26➕STRINGER, Julie appointedsecretary
- 1998-08-26➖STRINGER, John Frank Edward resignedsecretary
- 1998-08-26➖STRINGER, Josie resigneddirector
- 1996-06-25🔒Charge registered #7Lender: Barclays Bank PLC
- 1994-03-28🔒Charge registered #6Lender: Barclays Bank PLC
- 1994-03-03🔒Charge registered #5Lender: Barclays Bank PLC
- 1989-12-06🔒Charge registered #4Lender: Barclays Bank PLC
- 1988-04-26🔒Charge registered #3Lender: Barclays Bank PLC
- 1988-01-27🔒Charge registered #2Lender: Barclays Bank PLC
- 1987-02-10🔒Charge registered #1Lender: The Council of the City of Coventry
- 1986-11-11🏢Company incorporatedAs AGEMA ENGINEERING 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 71 — 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 71 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jonathan Stringer Individual · British · DOB 02/1983 · age 43 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 16/01/2020 |
1 historic (ceased) PSC
- Mr John Frank Edward Stringerceased 18/08/2023· 25-50% shares · 25-50% voting
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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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 · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 03/12/2020 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 09/06/2014 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 18/02/2013 | — | |
| outstanding | Barclays Barclays Bank PLC | Fixed and floating charge | 1 property | 18/12/2012 | — | |
| satisfied | Barclays Barclays Bank PLC | Chattel mortgage | 1 property | 25/06/1996 | 24/11/2016 | |
| satisfied | Barclays Barclays Bank PLC | Chattel mortgage | 1 property | 28/03/1994 | 24/11/2016 | |
| satisfied | Barclays Barclays Bank PLC | Guarantee and debenture | 1 property | 03/03/1994 | 25/11/2016 | |
| satisfied | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 06/12/1989 | 25/11/2016 | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 26/04/1988 | — | |
| satisfied | Barclays Barclays Bank PLC | Corporate mortgage | 1 property | 27/01/1988 | 24/11/2016 | |
| satisfied | The Council of the City of Coventry | Legal charge | 1 property | 10/02/1987 | 04/12/2012 |