ACONPEX (UK) LIMITED

⚰️Wound downliquidation
02506398 · ltd · incorporated 1990-05-29
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
year to May 2025
Net worth
book net assets
Opportunity
42/100
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What this business does
Primary activity: Repair of machinery
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 42/100 (watch), bankability 42/100. Strong seller-intent signal (80/100, director aged 73). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (75/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 33.9y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 33.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 5 with DOB)
87
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
99 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
42/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
23
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Average employees11900

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
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Last 180 days
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-05-08
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · LIQ01
  2. 2026-04-23
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  3. 2026-04-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2026-04-07
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2025-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-02-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-10-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-06-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2016-06-06
    🔓
    Charge satisfied #3
  17. 2016-06-06
    🔓
    Charge satisfied #2
  18. 2016-06-06
    🔓
    Charge satisfied #1
  19. 2007-06-04
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  20. 2002-01-04
    WEST, James Burns resigned
    director
  21. 2001-04-09
    WEST, James Burns appointed
    director
  22. 1995-05-29
    WEST, James Burns appointed
    director
  23. 1995-05-10
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  24. 1992-12-15
    WEST, James Burns resigned
    director
  25. 1992-12-15
    WEST SNR, James Burns resigned
    director
  26. 1992-07-15
    🔒
    Charge registered #1
    Lender: Charringtons Fuels Limited
  27. 1990-05-29
    🏢
    Company incorporated
    As ACONPEX (UK) LIMITED

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 31 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

91/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • 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.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 36 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-01

Company in liquidation
high

Company is actively being wound up. Not a going concern.

2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-05-08: liquidation-voluntary-declaration-of-solvency; 2026-04-23: liquidation-voluntary-appointment-of-liquidator

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr James Burns West
Individual · British · DOB 12/1953 · age 73
2550%
25–50%25-50% shares · 25-50% voting30/06/2016
Mrs Joan Catherine West
Individual · British · DOB 06/1954 · age 72
2550%
25–50%25-50% shares · 25-50% voting30/06/2016

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

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

11 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

Statusliquidation
Typeltd
Incorporated1990-05-29
Jurisdictionengland-wales
Primary SIC33120 — Repair of machinery

Registered office

Building 5 Carrwood Business Park
Selby Road
Leeds
LS15 4LG

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-01OVERDUE
Last: 2025-04-17

Officers (3 active · 3 resigned)

WEST, Joan Catherine
secretary
View their other companies + combined net worth →
Active
WEST, James Burns
director · ~73y · appointed 1995-05-29
View their other companies + combined net worth →
Active
WEST, Joan Catherine
director · ~72y
View their other companies + combined net worth →
Active
WEST, James Burns
director · ~51y · appointed 2001-04-09 · resigned 2002-01-04
Resigned
WEST, James Burns
director · ~73y · resigned 1992-12-15
Resigned
WEST SNR, James Burns
director · ~97y · resigned 1992-12-15
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property04/06/200706/06/2016
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Single debenture1 property10/05/199506/06/2016
satisfied
Charringtons Fuels
Charringtons Fuels Limited
Legal mortgage1 property15/07/199206/06/2016

Recent filings (99 total)

liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2026-05-08
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2026-04-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-15
resolution
resolution · RESOLUTIONS
2026-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-07