ACCESS DOOR SYSTEMS LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 30.7y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 30.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key 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 | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Gross profit | £2.48M | £2.40M |
| Operating profit | £699.0k | £681.5k |
| Profit before tax | £720.9k | £689.1k |
| Average employees | 0 | 0 |
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 (28 events)Click to expand
- 2025-04-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-05-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-01🔒Charge registered #4Lender: Barclays Security Trustee Limited
- 2023-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-10🔓Charge satisfied #3
- 2023-02-10🔓Charge satisfied #2
- 2022-03-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-03-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-10-01📄change-person-director-company-with-change-dateofficers · CH01
- 2020-10-01📄change-person-director-company-with-change-dateofficers · CH01
- 2020-10-01📄change-person-secretary-company-with-change-dateofficers · CH03
- 2020-02-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-08-21📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-08-20📄gazette-notice-compulsorygazette · GAZ1
- 2019-02-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-02-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2011-09-28🔒Charge registered #3Lender: Rbs Invoice Finance Limited
- 2006-06-27🔓Charge satisfied #1
- 2006-02-02🔒Charge registered #2Lender: National Westminster Bank PLC
- 2006-01-01➕FISHER, Michael appointeddirector
- 2001-05-28➕FISHER, Michael appointedsecretary
- 2001-05-28➖HAMMOND, Robert Simpson resignedsecretary
- 2000-08-11➖WILLIAMS, David resigneddirector
- 1995-09-25🔒Charge registered #1Lender: Barclays Bank PLC
- 1989-04-17🏢Company incorporatedAs ACCESS DOOR SYSTEMS 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 20 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 37 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.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robert Simpson Hammond Individual · British · DOB 07/1961 · age 65 | 25–50% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 01/06/2023 | — | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | All assets debenture | 1 property | 28/09/2011 | 10/02/2023 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 02/02/2006 | 10/02/2023 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 25/09/1995 | 27/06/2006 |