A + B SYSTEMS LTD.

💤Zombieactive
02791384 · ltd · incorporated 1993-02-18
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
—
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Turnover
—
year to Apr 2025
Net worth
£154.2k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 74909Other professional, scientific and technical activities n.e.c.
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · oldest 22.1y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 22.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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 (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £154,156
Net assets shrinking
Down £53,258 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£154k
↓ 26% YoY
Current Assets
£172k
↓ 44% YoY
Current Liabilities
—
£0£61k£122k£183k£244k£305kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£154.2k£207.4k
Current assets£172.1k£305.2k
Net assets£154.2k£207.4k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-10-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-10-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-12-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-01-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-06-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2023-06-27
    🔓
    Charge satisfied #2
  9. 2023-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-11-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-08-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2018-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-01-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-01-01
    ➖
    WELLS, Anthony James resigned
    secretary
  18. 2015-01-01
    ➖
    WELLS, Anthony James resigned
    director
  19. 2012-03-26
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  20. 2004-12-10
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  21. 2004-04-14
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  22. 1998-03-31
    ➖
    PRAGNELL, Brian Howard resigned
    director
  23. 1997-08-01
    ➕
    DAY, Jeffrey appointed
    director
  24. 1994-02-18
    ➖
    FIRST DIRECTORS LIMITED resigned
    corporate-nominee-director
  25. 1993-02-18
    🏢
    Company incorporated
    As A + B SYSTEMS LTD.
  26. 1993-02-18
    ➕
    FIRST SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  27. 1993-02-18
    ➖
    FIRST SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 1993-02-18
    ➕
    FIRST DIRECTORS LIMITED appointed
    corporate-nominee-director

Owner dependency

93/100
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 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

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 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 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

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 Jeffery Day
Individual · British · DOB 05/1963 · age 63
75–100%
—75-100% shares01/07/2016

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

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 →
🔒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
Incorporated1993-02-18
Jurisdictionengland-wales
Primary SIC46690 — Wholesale of other machinery and equipment

Registered office

4 Cromwell Court
New Street
Aylesbury
HP20 2PB
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-12
Last: 2026-03-29

Officers (1 active · 5 resigned)

DAY, Jeffrey→
director · ~63y · appointed 1997-08-01
View their other companies + combined net worth →
Active
WELLS, Anthony James→
secretary · resigned 2015-01-01
Resigned
FIRST SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1993-02-18 · resigned 1993-02-18
Resigned
PRAGNELL, Brian Howard→
director · ~82y · resigned 1998-03-31
Resigned
WELLS, Anthony James→
director · ~89y · resigned 2015-01-01
Resigned
FIRST DIRECTORS LIMITED→
corporate-nominee-director · appointed 1993-02-18 · resigned 1994-02-18
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge2 properties26/03/2012—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge2 properties10/12/200427/06/2023
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property14/04/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (92 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-30
change-person-director-company-with-change-date
officers · CH01
2025-10-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-26
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-06