AJT CONSTRUCTION LIMITED
💤Zombieactive
03455460 · ltd · incorporated 1997-10-27
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 Oct 2024
Net worth
£24.7k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueActive trading company with a 63-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
22 live charges · 4 lenders · oldest 21.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
22 charges (22/22 with lender, 22/22 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
118 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £24,746
Cash draining
Cash down 56% YoY
Cash YoY
-56%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£6k
↓ 56% YoY
Net Worth
£25k
↑ 198% YoY
Current Assets
£178k
↓ 2.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £59.6k | £53.7k |
| Current assets | £177.6k | £181.5k |
| Cash | £6.3k | £14.3k |
| Debtors | — | £1.5k |
| Net assets | £24.7k | £8.3k |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (60 events)Click to expand
- 2025-07-11📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-07-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-07-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-07-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-07-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-09-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-07-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-10-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-10-26🔓Charge satisfied #23
- 2018-07-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-04-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-04-17🔒Charge registered #23Lender: Folk Nominee Limited
- 2018-04-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-04-13🔓Charge satisfied #18
- 2018-04-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-04-05🔓Charge satisfied #20
- 2018-02-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-02-22🔓Charge satisfied #22
- 2017-07-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2017-03-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-03-03🔒Charge registered #22Lender: Folk Nominee Limited
- 2016-05-01➕TRENDELL, Victoria Lee appointedsecretary
- 2014-09-23🔒Charge registered #21Lender: Barclays Bank PLC
- 2014-09-08🔒Charge registered #20Lender: Barclays Bank PLC
- 2014-08-20🔒Charge registered #19Lender: Barclays Bank PLC
- 2014-08-01➖HITCHCOCK, Peter resignedsecretary
- 2008-06-27🔓Charge satisfied #12
- 2008-06-27🔓Charge satisfied #11
- 2008-06-27🔓Charge satisfied #10
- 2008-06-27🔓Charge satisfied #5
- 2008-06-27🔓Charge satisfied #3
- 2008-02-19🔒Charge registered #18Lender: Barclays Bank PLC
- 2008-02-19🔒Charge registered #17Lender: Barclays Bank PLC
- 2008-02-19🔒Charge registered #16Lender: Barclays Bank PLC
- 2008-02-19🔒Charge registered #15Lender: Barclays Bank PLC
- 2008-02-19🔒Charge registered #14Lender: Barclays Bank PLC
- 2008-02-19🔒Charge registered #13Lender: Barclays Bank PLC
- 2006-07-29🔓Charge satisfied #6
- 2006-07-29🔓Charge satisfied #4
- 2006-07-29🔓Charge satisfied #2
- 2005-12-07🔒Charge registered #12Lender: The Royal Bank of Scotland PLC
- 2005-12-07🔒Charge registered #11Lender: The Royal Bank of Scotland PLC
- 2005-12-07🔒Charge registered #10Lender: The Royal Bank of Scotland PLC
- 2005-09-08🔒Charge registered #9Lender: The Royal Bank of Scotland PLC
- 2005-03-30🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
- 2005-01-28🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2004-10-08🔒Charge registered #6Lender: Paragon Mortgages Limited
- 2004-09-28🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2004-09-28🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2004-09-27🔒Charge registered #4Lender: Paragon Mortgages Limited
Showing most recent 50 of 60 events
Owner dependency
93/100
Critical — business is the founderThe 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 candidateStrong 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 29 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
10 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew John Trendell Individual · British · DOB 04/1963 · age 63 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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 →Similar companies
Active · Construction · TR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 3D LAND SURVEYS LTD→ 05887231 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| A & M CONSTRUCTION SW LTD→ 13948349 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| A J FRANCIS BUILDING CONTRACTORS LTD→ 13278857 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ABC SCAFFOLDING HIRE LIMITED→ 07322476 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ABDEL AZIZ HOLDING GROUP LIMITED→ 14533529 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADMIRE CONSTRUCTION LTD→ 12012420 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AJ OLDS GROUNDWORKS & CO LTD→ 15092539 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AJ STARKEY ELECTRICAL LTD→ 15961753 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AJJS DEVELOPMENT LTD→ 07259714 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| AJS IGNITE LTD→ 15503857 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AJW INSTALLATIONS LTD→ 09704804 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AKD DEVELOPMENTS LIMITED→ 10811459 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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
Incorporated1997-10-27
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
Trevallion Tippetts
Tregony
Truro
Cornwall
TR2 5SX
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-10
Last: 2025-10-27
Officers (2 active · 4 resigned)
TRENDELL, Victoria Lee→
Activesecretary · appointed 2016-05-01
View their other companies + combined net worth →
TRENDELL, Andrew John→
Activedirector · ~63y · appointed 1997-11-10
View their other companies + combined net worth →
HITCHCOCK, Peter→
Resignedsecretary · appointed 2000-07-04 · resigned 2014-08-01
TRENDELL, Karen→
Resignedsecretary · appointed 1997-11-10 · resigned 2000-07-04
M W DOUGLAS & COMPANY LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-10-27 · resigned 1997-11-11
DOUGLAS NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 1997-10-27 · resigned 1997-11-11
Click a director name to see their full track record across all companies.
Mortgages & charges
22
Total charges
10
Outstanding
2
Active lenders
Status:Lender:22 of 22 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Folk Nominee Folk Nominee Limited | A registered charge | 3 properties | 17/04/2018 | 26/10/2018 | |
| satisfied | Folk Nominee Folk Nominee Limited | A registered charge | 1 property | 03/03/2017 | 22/02/2018 | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 23/09/2014 | — | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 08/09/2014 | 05/04/2018 | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 20/08/2014 | — | |
| satisfied | Barclays Barclays Bank PLC | Floating charge | 1 property | 19/02/2008 | 13/04/2018 | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 19/02/2008 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 19/02/2008 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 19/02/2008 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 19/02/2008 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 19/02/2008 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 07/12/2005 | 27/06/2008 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 07/12/2005 | 27/06/2008 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 07/12/2005 | 27/06/2008 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 08/09/2005 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 30/03/2005 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 28/01/2005 | — | |
| satisfied | Paragon Paragon Mortgages Limited | Legal charge | 1 property | 08/10/2004 | 29/07/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 28/09/2004 | 27/06/2008 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Legal charge | 1 property | 28/09/2004 | 27/06/2008 | |
| satisfied | Paragon Paragon Mortgages Limited | Legal charge | 1 property | 27/09/2004 | 29/07/2006 | |
| satisfied | Paragon Paragon Mortgages Limited | Legal charge | 1 property | 12/07/2004 | 29/07/2006 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (118 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2019-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-07-30
confirmation-statement-with-updates
confirmation-statement · CS01
2018-10-29