ALPHA CONVERTING EQUIPMENT LIMITED
💤Zombieactive
03909474 · ltd · incorporated 2000-01-19
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 Feb 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 28950
Sector: Manufacturing
Investor take
PursueActive trading company with a 69-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 25.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 25.4 years old — likely at or near maturity.
- · 3 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-28 |
|---|---|---|
| Average employees | 18 | 1700 |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-10-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-08📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-14📄change-person-secretary-company-with-change-dateofficers · CH03
- 2020-12-14📄change-person-director-company-with-change-dateofficers · CH01
- 2020-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-01-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-01-14🔓Charge satisfied #3
- 2020-01-14🔓Charge satisfied #2
- 2019-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-12-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2016-10-14🔓Charge satisfied #7
- 2016-10-14🔓Charge satisfied #6
- 2014-07-22🔒Charge registered #7Lender: Santander UK PLC
- 2014-05-27🔒Charge registered #6Lender: Santander UK PLC (As Secuirty Trustee)
- 2013-12-20🔓Charge satisfied #5
- 2012-12-20🔒Charge registered #5Lender: Santander UK PLC
- 2011-01-08🔓Charge satisfied #4
- 2010-07-05🔒Charge registered #4Lender: Santander UK PLC
- 2004-01-31🔒Charge registered #3Lender: National Westminster Bank PLC
- 2003-07-28🔒Charge registered #2Lender: National Westminster Bank PLC
- 2001-01-09🔒Charge registered #1Lender: National Westminster Bank PLC
- 2000-01-19🏢Company incorporatedAs ALPHA CONVERTING EQUIPMENT LIMITED
- 2000-01-19➕KING, Jennifer Anne appointedsecretary
- 2000-01-19➕KING, Simon Robert Francis appointeddirector
- 2000-01-19➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 2000-01-19➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
Owner dependency
100/100
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 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
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 69. 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 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Simon Robert Francis King Individual · British · DOB 10/1957 · age 69 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Jennifer Anne Kingceased 01/03/2022· 25-50% shares · 25-50% voting
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 · Manufacturing · MK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 3DP LTD→ 12250492 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| A&M VERTI-MOVE LIFTS SERVICES LIMITED→ 15943550 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADVISE-DETA LIMITED→ 09702692 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AEEC EQUIPMENT LIMITED→ 16390668 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AERO EXPRESS AVIATION LIMITED→ 07474107 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ALBA ENGINEERING LIMITED→ 02521466 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| ALEC EVENTS LTD→ 12334819 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ALEX JOINERY&CARPENTERY LTD→ 12943550 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ALL ABOUT THE OFFICE LIMITED→ 04607049 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| ALL ELECTRICAL SERVICES LIMITED→ 03576383 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| ALPHA 4 X 4 JOINERY LIMITED→ 05073181 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| ALPHA GAMMA BETA LTD→ 04160345 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
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
Incorporated2000-01-19
Jurisdictionengland-wales
Primary SIC28950 — SIC 28950
Registered office
16 Edison Road
Bedford
Beds
MK41 0HU
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-02
Last: 2026-01-19
Officers (2 active · 1 resigned)
KING, Jennifer Anne→
Activesecretary · appointed 2000-01-19
View their other companies + combined net worth →
KING, Simon Robert Francis→
Activedirector · ~69y · appointed 2000-01-19
View their other companies + combined net worth →
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-01-19 · resigned 2000-01-19
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Santander Santander UK PLC | A registered charge | — | 22/07/2014 | 14/10/2016 | |
| satisfied | Santander Santander UK PLC (As Secuirty Trustee) | A registered charge | 1 property | 27/05/2014 | 14/10/2016 | |
| satisfied | Santander Santander UK PLC | Charge on cash deposit | 1 property | 20/12/2012 | 20/12/2013 | |
| satisfied | Santander Santander UK PLC | Charge on cash deposits | 1 property | 05/07/2010 | 08/01/2011 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Charge of deposit | 1 property | 31/01/2004 | 14/01/2020 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Letter of pledge | 1 property | 28/07/2003 | 14/01/2020 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 09/01/2001 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (87 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-08
change-person-director-company-with-change-date
officers · CH01
2022-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-12