ADVANCED CONTRACTS (MIDLANDS) LIMITED
- · Oldest live charge 24.0y old — refinance window within 12 months
- 43320Joinery installation
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
1 live charge · oldest 24.0y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 24.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (71/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 |
|---|---|
| Total assets | £360.2k |
| Current assets | £560.8k |
| Cash | £107.2k |
| Debtors | £437.6k |
| Net assets | £311.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
- • 1 officers
Corporate timeline (27 events)Click to expand
- 2026-05-06📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2026-01-12📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-30📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-30📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-30📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-02-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-27📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-26➕PLANT, Spencer John appointeddirector
- 2022-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-07-25➖GOLBY, Kevin resigneddirector
- 2002-05-28🔒Charge registered #1Lender: Barclays Bank PLC
- 2001-02-21🏢Company incorporatedAs ADVANCED CONTRACTS (MIDLANDS) LIMITED
- 2001-02-21➕HAYNES, Steven Edward appointedsecretary
- 2001-02-21➕HAYNES, Steven Edward appointeddirector
- 2001-02-21➕SAME-DAY COMPANY SERVICES LIMITED appointedcorporate-nominee-secretary
- 2001-02-21➖SAME-DAY COMPANY SERVICES LIMITED resignedcorporate-nominee-secretary
- 2001-02-21➕GOLBY, Kevin appointeddirector
- 2001-02-21➕WILDMAN & BATTELL LIMITED appointedcorporate-nominee-director
- 2001-02-21➖WILDMAN & BATTELL LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 25 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Steven Edward Haynes Individual · British · DOB 03/1968 · age 58 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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6 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 →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
Registered office
Filing status
Officers (3 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 28/05/2002 | — |