ACCRASYSTEM LIMITED
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 73). 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
6 live charges · 3 lenders · oldest 32.0y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 32.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (57/100)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.
Recent activity
- • 1 accounts
- • 7 persons-with-significant-control
- • 2 capital
- • 1 accounts
Corporate timeline (35 events)Click to expand
- 2026-04-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-02-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-12-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-12-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-12-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-12-11📄resolutionresolution · RESOLUTIONS
- 2025-12-11📄memorandum-articlesincorporation · MA
- 2025-12-11📄capital-alter-shares-subdivisioncapital · SH02
- 2025-12-11📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-12-09📄statement-of-companys-objectschange-of-constitution · CC04
- 2025-09-10📄change-person-director-company-with-change-dateofficers · CH01
- 2025-09-10📄change-person-director-company-with-change-dateofficers · CH01
- 2025-09-10📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-05-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-30📄accounts-with-accounts-type-fullaccounts · AA
- 2023-08-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-05-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-10🔓Charge satisfied #6
- 2022-01-10🔓Charge satisfied #5
- 2022-01-10🔓Charge satisfied #4
- 2022-01-10🔓Charge satisfied #3
- 2022-01-10🔓Charge satisfied #2
- 2022-01-10🔓Charge satisfied #1
- 2009-09-01➕STEVENS, Ben Mark appointeddirector
- 2008-03-10🔒Charge registered #6Lender: National Westminster Bank PLC
- 2002-11-25🔒Charge registered #5Lender: Bhs Pension Trustees Limited and Universal Pension Trustees Limited
- 2002-10-25🔒Charge registered #4Lender: The Royal Bank of Scotland Commercial Services Limited
- 1994-11-28🔒Charge registered #3Lender: National Westminster Bank PLC
- 1994-06-10🔒Charge registered #2Lender: National Westminster Bank PLC
- 1994-06-10🔒Charge registered #1Lender: National Westminster Bank PLC
- 1987-05-01🏢Company incorporatedAs ACCRASYSTEM 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.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — 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 73 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 17 years.
- secondaryStable-but-static management: Company is 39 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 ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Metroseal Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Metroseal Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting · firm interest | 11/02/2026 |
4 historic (ceased) PSCs
- Mrs Cara Grace Wickershamceased 11/02/2026· 25-50% shares · 25-50% voting
- Mrs Susan Christine Stevensceased 21/11/2025· 25-50% shares · 25-50% voting · board control
- Mr Ben Mark Stevensceased 11/02/2026· 50-75% shares · 50-75% voting · board control
- Mr Mark Leonard Stevensceased 21/11/2025· 25-50% shares · 25-50% voting · board control · significant influence
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.
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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 | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 10/03/2008 | 10/01/2022 | |
| satisfied | Bhs Pension Trustees and Universal Pension Trustees Bhs Pension Trustees Limited and Universal Pension Trustees Limited | Rent deposit deed | 1 property | 25/11/2002 | 10/01/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed and floating charge | 1 property | 25/10/2002 | 10/01/2022 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 28/11/1994 | 10/01/2022 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 10/06/1994 | 10/01/2022 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 10/06/1994 | 10/01/2022 |