AC&T LTD.

🚨Distressedactive
02755841 · ltd · incorporated 1992-10-14
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
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Turnover
year to Jun 2024
Net worth
£-78.7k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Other research and experimental development on natural sciences and engineering
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 82990Other business support service activities n.e.c.
  • 86900Other human health activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 55/100. Strong seller-intent signal (78/100, director aged 87). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

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, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
79 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £78,739

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£79k
↑ 2.5% YoY
Current Assets
£71k
↓ 48% YoY
Current Liabilities
-£81k-£37k£6k£50k£93k£137kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-302023-06-30
Total assets£70.6k£136.1k
Current assets£71.2k£136.6k
Net assets£-78.7k£-80.7k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (21 events)Click to expand
  1. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-03-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2018-07-02
    RICHARDSON, Ann- Charlotte resigned
    secretary
  9. 2018-07-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2018-05-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-06-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2017-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-06-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2017-05-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2016-04-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2015-07-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 1993-07-01
    SCOTT, Eric Nigel resigned
    director
  18. 1992-10-14
    🏢
    Company incorporated
    As AC&T LTD.
  19. 1992-10-14
    RICHARDSON, George, Dr appointed
    director
  20. 1992-10-14
    RICHARDSON, Ann- Charlotte appointed
    secretary
  21. 1992-10-14
    SCOTT, Eric Nigel appointed
    director

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 87 — succession pressure is live.

Succession & seller-readiness

100/100
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 87 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 34 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Dr George Richardson
Individual · British · DOB 04/1939 · age 87
75100%
75-100% shares01/05/2016

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

10 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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated1992-10-14
Jurisdictionengland-wales
Primary SIC72190 — Other research and experimental development on natural sciences and engineering

Registered office

'Mereside'
Cheddar Road
Axbridge
Somerset
BS26 2DL
England

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30

Officers (1 active · 2 resigned)

RICHARDSON, George, Dr
director · ~87y · appointed 1992-10-14
View their other companies + combined net worth →
Active
RICHARDSON, Ann- Charlotte
secretary · appointed 1992-10-14 · resigned 2018-07-02
Resigned
SCOTT, Eric Nigel
director · ~67y · appointed 1992-10-14 · resigned 1993-07-01
Resigned

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

Recent filings (79 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-03
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-07-02