F. SMITH & CO. (OFFICE EQUIPMENT) LIMITED

🌳Matureactive
02415396 · ltd · incorporated 1989-08-21
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
year to Oct 2024
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: dormant / non-trading with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 77/100. 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

5 live charges · 3 lenders · oldest 36.0y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 36.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
25 officers (2 active, 25 linked, 20 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
170 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-31
Average employees0

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
1
filing
  • 1 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (70 events)Click to expand
  1. 2026-07-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-03-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-04-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-03-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-02-29
    MARUGGI, Aurelio resigned
    director
  6. 2024-01-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-01-25
    CLARK, James Alexander appointed
    director
  8. 2023-03-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-05-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-05-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-05-20
    JACKSON, Samantha Loraine appointed
    director
  12. 2022-05-20
    CLARK, James Alexander resigned
    director
  13. 2022-04-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2021-06-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-02-18
    📄
    memorandum-articles
    incorporation · MA
  16. 2020-12-17
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2020-06-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2020-06-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-06-18
    MARUGGI, Aurelio appointed
    director
  20. 2020-06-17
    STANTON-GLEAVES, Robin James resigned
    director
  21. 2020-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  22. 2019-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2019-06-10
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  24. 2019-05-28
    PIERPOINT, Alan resigned
    secretary
  25. 2019-05-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2019-05-01
    STANTON-GLEAVES, Robin James appointed
    director
  27. 2019-04-25
    COLLINS, Jason Patrick resigned
    director
  28. 2019-03-15
    RANDALL, Martin Keith resigned
    director
  29. 2018-11-01
    CLARK, James Alexander appointed
    director
  30. 2016-09-30
    🔓
    Charge satisfied #5
  31. 2016-09-30
    🔓
    Charge satisfied #4
  32. 2016-09-02
    FERDINAND, Barry Trevor resigned
    director
  33. 2016-03-31
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC as Security Agent
  34. 2015-09-08
    🔓
    Charge satisfied #3
  35. 2015-09-08
    🔓
    Charge satisfied #2
  36. 2015-08-19
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC as Security Agent
  37. 2013-04-04
    RANDALL, Martin Keith appointed
    director
  38. 2007-05-24
    COLLINS, Jason Patrick resigned
    secretary
  39. 2007-05-24
    PIERPOINT, Alan appointed
    secretary
  40. 2006-12-31
    TURNER, Philip resigned
    director
  41. 2006-01-31
    BALDWIN, Roger Andrew resigned
    director
  42. 2006-01-31
    MEAR, Donald Robert resigned
    director
  43. 2005-10-06
    COLLINS, Jason Patrick appointed
    secretary
  44. 2005-10-06
    MEAR, Donald Robert resigned
    secretary
  45. 2005-10-06
    BUCKETT, Bruce Thomas resigned
    director
  46. 2005-10-06
    COLLINS, Jason Patrick appointed
    director
  47. 2005-10-06
    DOLBY, Alexander William resigned
    director
  48. 2005-10-06
    FERDINAND, Barry Trevor appointed
    director
  49. 2005-10-06
    SMITH, Peter Norman resigned
    director
  50. 1995-04-19
    BRIGHTWELL, Clifford resigned
    secretary
Showing most recent 50 of 70 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Apogee Corporation Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Apogee Corporation Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
F. SMITH & CO. (OFFICE EQUIPMENT) LIMITED
This company · 02415396

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%
NameSharesVoting rightsNature of controlNotified
Apogee Corporation Limited
Corporate entity
75100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1989-08-21
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company

Registered office

Nimbus House Liphook Way
20/20 Business Park
Maidstone
Kent
ME16 0FZ
England

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-09-14
Last: 2025-08-31

Officers (2 active · 23 resigned)

CLARK, James Alexander
director · ~47y · appointed 2024-01-25
View their other companies + combined net worth →
Active
JACKSON, Samantha Loraine
director · ~41y · appointed 2022-05-20
View their other companies + combined net worth →
Active
BRIGHTWELL, Clifford
secretary · appointed 1992-11-23 · resigned 1995-04-19
Resigned
COLLINS, Jason Patrick
secretary · appointed 2005-10-06 · resigned 2007-05-24
Resigned
MEAR, Donald Robert
secretary · appointed 1995-04-19 · resigned 2005-10-06
Resigned
MEAR, Donald Robert
secretary · resigned 1992-11-23
Resigned
PIERPOINT, Alan
secretary · appointed 2007-05-24 · resigned 2019-05-28
Resigned
BALDWIN, Roger Andrew
director · ~71y · appointed 1992-08-31 · resigned 2006-01-31
Resigned
BALDWIN, Roger Andrew
director · ~71y · resigned 1993-08-31
Resigned
BRIGHTWELL, Clifford
director · ~71y · appointed 1993-04-14 · resigned 1993-08-31
Resigned
BRIGHTWELL, Clifford
director · ~71y · appointed 1993-04-14 · resigned 1995-04-19
Resigned
BUCKETT, Bruce Thomas
director · ~69y · appointed 1992-08-31 · resigned 2005-10-06
Resigned
BUCKETT, Bruce Thomas
director · ~69y · resigned 1993-08-31
Resigned
CLARK, James Alexander
director · ~47y · appointed 2018-11-01 · resigned 2022-05-20
Resigned
COLLINS, Jason Patrick
director · ~56y · appointed 2005-10-06 · resigned 2019-04-25
Resigned
DOLBY, Alexander William
director · ~75y · appointed 1992-08-31 · resigned 2005-10-06
Resigned
DOLBY, Alexander William
director · ~75y · resigned 1993-08-31
Resigned
FERDINAND, Barry Trevor
director · ~62y · appointed 2005-10-06 · resigned 2016-09-02
Resigned
MARUGGI, Aurelio
director · ~65y · appointed 2020-06-18 · resigned 2024-02-29
Resigned
MEAR, Donald Robert
director · ~89y · appointed 1995-04-19 · resigned 2006-01-31
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC as Security Agent
A registered charge31/03/201630/09/2016
satisfied
Barclays
Barclays Bank PLC as Security Agent
A registered charge19/08/201530/09/2016
satisfied
Barclays
Barclays Bank PLC
Guarantee and debenture1 property10/01/199408/09/2015
satisfied
Barclays
Barclays Bank PLC
Debenture1 property22/08/199108/09/2015
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating1 property05/07/199006/09/1994

Recent filings (170 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
accounts-with-accounts-type-dormant
accounts · AA
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-02
accounts-with-accounts-type-dormant
accounts · AA
2024-04-22
termination-director-company-with-name-termination-date
officers · TM01
2024-03-01
appoint-person-director-company-with-name-date
officers · AP01
2024-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-04
accounts-with-accounts-type-dormant
accounts · AA
2023-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-06
appoint-person-director-company-with-name-date
officers · AP01
2022-05-23
termination-director-company-with-name-termination-date
officers · TM01
2022-05-23
accounts-with-accounts-type-dormant
accounts · AA
2022-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-02
accounts-with-accounts-type-dormant
accounts · AA
2021-06-02