ADDED SECURITY TECHNOLOGY LIMITED

💤Zombieactive
03048064 · ltd · incorporated 1995-04-20
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 Aug 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 62). 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).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 28.2y

30/100
under pressure

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

  • · Oldest live charge is 28.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
78 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£233k£465k£698k£931k£1.2mAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-08-312024-08-31
Total assets—£1.17M
Current assets—£1.06M
Cash—£720.8k
Debtors—£264.6k
Net assets—£1.16M
Average employees23—

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2023-09-11
    🔓
    Charge satisfied #1
  6. 2023-09-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2023-09-07
    🔓
    Charge satisfied #2
  8. 2023-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-05-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-05-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-02-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-05-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-01-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-04-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2007-05-04
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Bank PLC
  19. 1998-03-31
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  20. 1995-04-20
    🏢
    Company incorporated
    As ADDED SECURITY TECHNOLOGY LIMITED
  21. 1995-04-20
    ➕
    SULLIVAN, Susan Louise appointed
    secretary
  22. 1995-04-20
    ➕
    SULLIVAN, Paul Robert appointed
    director
  23. 1995-04-20
    ➕
    JPCORS LIMITED appointed
    corporate-nominee-secretary
  24. 1995-04-20
    ➖
    JPCORS LIMITED resigned
    corporate-nominee-secretary
  25. 1995-04-20
    ➕
    JPCORD LIMITED appointed
    corporate-nominee-director
  26. 1995-04-20
    ➖
    JPCORD LIMITED resigned
    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 31 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Paul Robert Sullivan
Individual · British · DOB 09/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Susan Louise Sullivan
Individual · British · DOB 08/1965 · age 61
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated1995-04-20
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Unit 2e Portchester Park
Hamilton Road
Portchester
Hampshire
PO6 4QE

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-05-07
Last: 2026-04-23

Officers (2 active · 2 resigned)

SULLIVAN, Susan Louise→
secretary · appointed 1995-04-20
View their other companies + combined net worth →
Active
SULLIVAN, Paul Robert→
director · ~62y · appointed 1995-04-20
View their other companies + combined net worth →
Active
JPCORS LIMITED→
corporate-nominee-secretary · appointed 1995-04-20 · resigned 1995-04-20
Resigned
JPCORD LIMITED→
corporate-nominee-director · appointed 1995-04-20 · resigned 1995-04-20
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage1 property04/05/200707/09/2023
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Debenture1 property31/03/199811/09/2023

Recent filings (78 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-11
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-11