AZTEC (U.K.) LIMITED
💤Zombieactive
02096127 · ltd · incorporated 1987-02-03
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£562.0k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 37.7y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 37.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
141 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
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £561,984
Net assets shrinking
Down £41,012 YoY
Cash draining
Cash down 54% YoY
Cash YoY
-54%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£37k
↓ 54% YoY
Net Worth
£562k
↓ 6.8% YoY
Current Assets
£668k
↓ 10% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £567.9k | £652.0k |
| Current assets | £668.5k | £745.7k |
| Cash | £37.3k | £81.7k |
| Debtors | £181.8k | £229.3k |
| Net assets | £562.0k | £603.0k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2025-09-23📄accounts-with-accounts-type-smallaccounts · AA
- 2024-05-08📄accounts-with-accounts-type-smallaccounts · AA
- 2024-04-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-12➖CIULIS, Marek resigneddirector
- 2023-06-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-04-15📄accounts-with-accounts-type-smallaccounts · AA
- 2023-03-20📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-20📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-20📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-03-15📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2022-09-20📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-11🔓Charge satisfied #4
- 2022-03-11🔓Charge satisfied #3
- 2021-09-09📄accounts-with-accounts-type-fullaccounts · AA
- 2020-11-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-09-17📄accounts-with-accounts-type-fullaccounts · AA
- 2020-08-06➕CEDROWSKI, Rafal appointeddirector
- 2020-08-06➖DE GRAAN, Matthew resignedsecretary
- 2020-08-06➕CIULIS, Marek appointeddirector
- 2020-08-06➖DE GRAAN, Henry Robert resigneddirector
- 2020-08-06➖DE GRAAN, Matthew resigneddirector
- 2020-08-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-08-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-09-24➖WELK, David Edward resigneddirector
- 2011-10-26➕WELK, David Edward appointeddirector
- 2001-07-31➖HORNE, Graham Ronald resigneddirector
- 1998-10-30➕DE GRAAN, Matthew appointedsecretary
- 1998-10-30➖WIDAMAN, Jan Kenneth resignedsecretary
- 1998-10-30➕DE GRAAN, Matthew appointeddirector
- 1998-10-30➖WIDAMAN, Jan Kenneth resigneddirector
- 1996-12-16🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1994-06-30🔒Charge registered #3Lender: Venture Factors PLC
- 1989-05-24🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1988-11-25🔒Charge registered #1Lender: Standard Chartered Bank
- 1987-02-03🏢Company incorporatedAs AZTEC (U.K.) LIMITED
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Aztec International Spolka Akcyjna is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Aztec International Spolka Akcyjna
Corporate parent · holds 75-100% shares · board control
⬇
AZTEC (U.K.) LIMITED
This company · 02096127
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Aztec International Spolka Akcyjna Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Aztec International Spolka Akcyjnaceased 03/09/2017· 75-100% shares · 75-100% voting · significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Wholesale & distribution · NN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BENIMA GROUP LIMITED→ 16716661 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BIGJOHN GLOBAL TRADING LTD→ 16362751 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BLUEAGLE LIMITED→ 16199454 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BOGAGOLF LTD→ 16184163 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BORDEAUX AND BEYOND LTD→ 06198882 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| BOTZEN FACILITIES MANAGEMENT LTD→ 14093998 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BOY LIMITED→ 05276927 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BRANDS IN DISTRIBUTION LTD→ 11169657 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| BRIGHT CONNECTIONS LIMITED→ 04657864 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| BRIGSTOCK SAWMILL LTD→ 16201726 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BRITCAN SOURCING LTD→ 14556880 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BRIWAY DIRECT LTD→ 11520935 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1987-02-03
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade
Registered office
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-14
Last: 2025-08-31
Officers (1 active · 8 resigned)
CEDROWSKI, Rafal→
Activedirector · ~44y · appointed 2020-08-06
View their other companies + combined net worth →
DE GRAAN, Matthew→
Resignedsecretary · appointed 1998-10-30 · resigned 2020-08-06
WIDAMAN, Jan Kenneth→
Resignedsecretary · resigned 1998-10-30
CIULIS, Marek→
Resigneddirector · ~56y · appointed 2020-08-06 · resigned 2024-04-12
DE GRAAN, Henry Robert→
Resigneddirector · ~85y · resigned 2020-08-06
DE GRAAN, Matthew→
Resigneddirector · ~56y · appointed 1998-10-30 · resigned 2020-08-06
HORNE, Graham Ronald→
Resigneddirector · ~70y · resigned 2001-07-31
WELK, David Edward→
Resigneddirector · ~67y · appointed 2011-10-26 · resigned 2019-09-24
WIDAMAN, Jan Kenneth→
Resigneddirector · ~80y · resigned 1998-10-30
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 16/12/1996 | 11/03/2022 | |
| satisfied | Venture Factors Venture Factors PLC | Fixed equitable charge | 1 property | 30/06/1994 | 11/03/2022 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 24/05/1989 | — | |
| outstanding | Standard Chartered Bank | Fixed and floating charge | 1 property | 25/11/1988 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (141 total)
accounts-with-accounts-type-small
accounts · AA
2025-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-03
accounts-with-accounts-type-small
accounts · AA
2024-05-08
termination-director-company-with-name-termination-date
officers · TM01
2024-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-06-22
accounts-with-accounts-type-small
accounts · AA
2023-04-15
change-person-director-company-with-change-date
officers · CH01
2023-03-20
change-person-director-company-with-change-date
officers · CH01
2023-03-20
change-person-director-company-with-change-date
officers · CH01
2023-03-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-03-15
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2023-03-15
accounts-with-accounts-type-full
accounts · AA
2022-09-20