ALTIMEX LIMITED

🌳Matureactive
03105767 · ltd · incorporated 1995-09-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
£1.44M
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 26110
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 72-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -36% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 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.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,437,984
Net assets shrinking
Down £83,238 YoY
Cash YoY
-36%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£962k
↓ 36% YoY
Net Worth
£1.4m
↓ 5.5% YoY
Current Assets
£1.4m
↓ 33% YoY
Current Liabilities
—
£0£420k£840k£1.3m£1.7m£2.1mJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£1.47M£1.57M
Current assets£1.42M£2.10M
Cash£962.1k£1.49M
Debtors£160.3k£279.2k
Net assets£1.44M£1.52M

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-11-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-11-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-11-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-11-11
    ➖
    O'MAHONY, Mark resigned
    director
  7. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-02-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2024-02-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-02-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2024-02-19
    🔓
    Charge satisfied #3
  12. 2024-02-19
    🔓
    Charge satisfied #2
  13. 2024-02-19
    🔓
    Charge satisfied #1
  14. 2023-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-12-21
    ➕
    O'MAHONY, Mark appointed
    director
  18. 2020-12-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2020-08-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2020-08-14
    ➖
    HARDMAN, Jeffrey resigned
    director
  21. 2020-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-01-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2020-01-21
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  24. 2020-01-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  25. 2017-09-18
    🔒
    Charge registered #3
    Lender: Rbs Invoice Finance LTD
  26. 2015-09-23
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  27. 2015-05-01
    ➕
    HARDMAN, Jeffrey appointed
    director
  28. 2004-08-01
    ➖
    WILLIAMS, Margaret resigned
    secretary
  29. 2004-08-01
    ➖
    PEACOCK, George Alastair resigned
    director
  30. 2004-05-24
    ➕
    LOTAY, Davinder Singh appointed
    secretary
  31. 2004-05-24
    ➕
    LOTAY, Davinder Singh appointed
    director
  32. 2004-05-24
    ➕
    SMITH, Stephen John appointed
    director
  33. 1998-02-24
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  34. 1995-11-16
    ➕
    WILLIAMS, Margaret appointed
    secretary
  35. 1995-11-16
    ➖
    SEMKEN LIMITED resigned
    corporate-nominee-secretary
  36. 1995-11-16
    ➕
    PEACOCK, George Alastair appointed
    director
  37. 1995-11-16
    ➖
    LUFMER LIMITED resigned
    corporate-nominee-director
  38. 1995-09-22
    🏢
    Company incorporated
    As ALTIMEX LIMITED
  39. 1995-09-22
    ➕
    SEMKEN LIMITED appointed
    corporate-nominee-secretary
  40. 1995-09-22
    ➕
    LUFMER LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

96/100
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 72 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 22 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

1 med ·
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 Stephen John Smith
Individual · British · DOB 02/1954 · age 72
25–50%
—25-50% shares06/04/2016
Mr Davinder Singh Lotay
Individual · British · DOB 09/1967 · age 59
25–50%
—25-50% shares06/04/2016

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
Incorporated1995-09-22
Jurisdictionengland-wales
Primary SIC26110 — SIC 26110

Registered office

Thornton Science Park
Pool Lane
Chester
Cheshire
CH2 4NU
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-10-06
Last: 2025-09-22

Officers (3 active · 6 resigned)

LOTAY, Davinder Singh→
secretary · appointed 2004-05-24
View their other companies + combined net worth →
Active
LOTAY, Davinder Singh→
director · ~59y · appointed 2004-05-24
View their other companies + combined net worth →
Active
SMITH, Stephen John→
director · ~72y · appointed 2004-05-24
View their other companies + combined net worth →
Active
WILLIAMS, Margaret→
secretary · appointed 1995-11-16 · resigned 2004-08-01
Resigned
SEMKEN LIMITED→
corporate-nominee-secretary · appointed 1995-09-22 · resigned 1995-11-16
Resigned
HARDMAN, Jeffrey→
director · ~72y · appointed 2015-05-01 · resigned 2020-08-14
Resigned
O'MAHONY, Mark→
director · ~53y · appointed 2020-12-21 · resigned 2024-11-11
Resigned
PEACOCK, George Alastair→
director · ~89y · appointed 1995-11-16 · resigned 2004-08-01
Resigned
LUFMER LIMITED→
corporate-nominee-director · appointed 1995-09-22 · resigned 1995-11-16
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
NatWest Group
Rbs Invoice Finance LTD
A registered charge—18/09/201719/02/2024
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge—23/09/201519/02/2024
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property24/02/199819/02/2024

Recent filings (93 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
change-person-director-company-with-change-date
officers · CH01
2024-11-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-20
termination-director-company-with-name-termination-date
officers · TM01
2024-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-29