ASSEMBLY CIRCUIT TECHNOLOGY LIMITED

💤Zombieactive
02783785 · ltd · incorporated 1993-01-26
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£383.1k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 33190
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 76-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (75/100)

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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 2 with DOB)
76
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £383,109
Cash YoY
-17%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£288k
↓ 17% YoY
Net Worth
£383k
~ YoY
Current Assets
£289k
↓ 17% YoY
Current Liabilities
—
£0£77k£153k£230k£306k£383kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Total assets£383.1k£381.5k
Current assets£288.6k£346.4k
Cash£288.3k£346.1k
Debtors£248£237
Net assets£383.1k£381.5k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-04-09
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  4. 2025-04-07
    ➕
    WOOD, Suzanne appointed
    secretary
  5. 2024-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-01-07
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  7. 2023-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-09-11
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2023-09-11
    📄
    memorandum-articles
    incorporation · MA
  10. 2023-09-06
    ➖
    RIX & KAY COMPANY SECRETARIAL SERVICES LIMITED resigned
    corporate-secretary
  11. 2023-09-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2022-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-07-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2009-01-13
    ➕
    RIX & KAY COMPANY SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  20. 2009-01-12
    ➖
    HUGHES, John Roderick resigned
    secretary
  21. 1993-10-20
    ➖
    COBLEY, Leslie Allen resigned
    director
  22. 1993-02-18
    ➕
    COLEMAN, Michael John appointed
    director
  23. 1993-02-18
    ➕
    HUGHES, John Roderick appointed
    secretary
  24. 1993-02-18
    ➖
    ASHCROFT CAMERON SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  25. 1993-02-18
    ➕
    COBLEY, Leslie Allen appointed
    director
  26. 1993-02-18
    ➖
    ASHCROFT CAMERON NOMINEES LIMITED resigned
    corporate-nominee-director
  27. 1993-01-26
    🏢
    Company incorporated
    As ASSEMBLY CIRCUIT TECHNOLOGY LIMITED
  28. 1993-01-26
    ➕
    ASHCROFT CAMERON SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  29. 1993-01-26
    ➕
    ASHCROFT CAMERON NOMINEES LIMITED appointed
    corporate-nominee-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 33 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 76 — succession pressure is live.

Succession & seller-readiness

95/100
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 76 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 33 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael John Coleman
Individual · British · DOB 09/1950 · age 76
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

8 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
Incorporated1993-01-26
Jurisdictionengland-wales
Primary SIC33190 — SIC 33190

Registered office

Tybesta Tolfrue
Hewas Water
St. Austell
Cornwall
PL26 7JF
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-04-21
Last: 2026-04-07

Officers (2 active · 5 resigned)

WOOD, Suzanne→
secretary · appointed 2025-04-07
View their other companies + combined net worth →
Active
COLEMAN, Michael John→
director · ~76y · appointed 1993-02-18
View their other companies + combined net worth →
Active
HUGHES, John Roderick→
secretary · appointed 1993-02-18 · resigned 2009-01-12
Resigned
ASHCROFT CAMERON SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1993-01-26 · resigned 1993-02-18
Resigned
RIX & KAY COMPANY SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2009-01-13 · resigned 2023-09-06
Resigned
COBLEY, Leslie Allen→
director · ~74y · appointed 1993-02-18 · resigned 1993-10-20
Resigned
ASHCROFT CAMERON NOMINEES LIMITED→
corporate-nominee-director · appointed 1993-01-26 · resigned 1993-02-18
Resigned

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

Recent filings (91 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-09
appoint-person-secretary-company-with-name-date
officers · AP03
2025-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-23
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-20
resolution
resolution · RESOLUTIONS
2023-09-11
memorandum-articles
incorporation · MA
2023-09-11
termination-secretary-company-with-name-termination-date
officers · TM02
2023-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-20