ALTECH ENGINEERING LIMITED

🌳Matureactive
03323050 · ltd · incorporated 1997-02-24
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
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Turnover
—
year to Apr 2025
Net worth
£1.63M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 27.7y

45/100
under pressure

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

  • · Oldest live charge is 27.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 3 with DOB)
79
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
82 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 · accounting standard not declared
Positive net assets
Net assets £1,633,348
Net assets shrinking
Down £86,371 YoY
Cash YoY
-22%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£483k
↓ 22% YoY
Net Worth
£1.6m
↓ 5.0% YoY
Current Assets
£1.6m
↓ 6.8% YoY
Current Liabilities
—
£0£344k£688k£1.0m£1.4m£1.7mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£1.99M£2.12M
Current assets£1.57M£1.68M
Cash£482.7k£615.3k
Debtors£1.01M£1.02M
Net assets£1.63M£1.72M

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 (27 events)Click to expand
  1. 2026-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-04-04
    ➕
    WESTLEY, Arron appointed
    director
  4. 2025-04-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-04-27
    📄
    capital-allotment-shares
    capital · SH01
  10. 2020-12-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2020-12-03
    🔓
    Charge satisfied #1
  12. 2020-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-07-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-07-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-06-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 1998-09-18
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  18. 1998-09-15
    ➕
    WESTLEY, Ian James appointed
    secretary
  19. 1998-09-15
    ➖
    TEMPLETON, James Prentice resigned
    secretary
  20. 1998-05-18
    ➕
    WESTLEY, Julie Margaret appointed
    director
  21. 1997-02-25
    ➕
    WESTLEY, Ian James appointed
    director
  22. 1997-02-25
    ➕
    TEMPLETON, James Prentice appointed
    secretary
  23. 1997-02-25
    ➖
    STARTCO LIMITED resigned
    corporate-nominee-secretary
  24. 1997-02-25
    ➖
    NEWCO LIMITED resigned
    corporate-nominee-director
  25. 1997-02-24
    🏢
    Company incorporated
    As ALTECH ENGINEERING LIMITED
  26. 1997-02-24
    ➕
    STARTCO LIMITED appointed
    corporate-nominee-secretary
  27. 1997-02-24
    ➕
    NEWCO 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
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — WESTLEY, Arron (same surname) appointed 2025-04-04. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 29 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ian James Westley
Individual · British · DOB 10/1959 · age 67
25–50%
—25-50% shares06/04/2016
Mrs Julie Margaret Westley
Individual · British · DOB 02/1962 · age 64
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
Incorporated1997-02-24
Jurisdictionengland-wales
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

5 Hazelgrove Road
Haywards Heath
RH16 3PH
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-09
Last: 2026-03-26

Officers (4 active · 3 resigned)

WESTLEY, Ian James→
secretary · appointed 1998-09-15
View their other companies + combined net worth →
Active
WESTLEY, Arron→
director · ~40y · appointed 2025-04-04
View their other companies + combined net worth →
Active
WESTLEY, Ian James→
director · ~67y · appointed 1997-02-25
View their other companies + combined net worth →
Active
WESTLEY, Julie Margaret→
director · ~64y · appointed 1998-05-18
View their other companies + combined net worth →
Active
TEMPLETON, James Prentice→
secretary · appointed 1997-02-25 · resigned 1998-09-15
Resigned
STARTCO LIMITED→
corporate-nominee-secretary · appointed 1997-02-24 · resigned 1997-02-25
Resigned
NEWCO LIMITED→
corporate-nominee-director · appointed 1997-02-24 · resigned 1997-02-25
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property18/09/199803/12/2020

Recent filings (82 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-20
appoint-person-director-company-with-name-date
officers · AP01
2025-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-30
capital-allotment-shares
capital · SH01
2021-04-27