AXIS PRECISION LIMITED
💤Zombieactive
04221207 · ltd · incorporated 2001-05-22
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 Jun 2025
Net worth
£290.0k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
PursueActive trading company with a 62-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -43% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 17.2y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
71 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 declaredPositive net assets
Net assets £290,032
Cash draining
Cash down 43% YoY
Cash YoY
-43%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£10k
↓ 43% YoY
Net Worth
£290k
↑ 1.4% YoY
Current Assets
£72k
↓ 39% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £334.0k | £369.5k |
| Current assets | £71.8k | £117.5k |
| Cash | £9.9k | £17.4k |
| Debtors | £36.4k | £74.6k |
| Net assets | £290.0k | £286.1k |
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
1
filing
- • 1 confirmation-statement
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 (28 events)Click to expand
- 2026-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-08-06🔒Charge registered #3Lender: Lloyds Bank PLC
- 2020-05-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-05-06🔓Charge satisfied #2
- 2020-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-03-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-03-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-06-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-03-30🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2009-05-12🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2004-03-01➕THATCHER, Carol Wynne appointedsecretary
- 2004-03-01➖THATCHER, David Glyn resignedsecretary
- 2004-03-01➖OWEN, Rodney Allen resigneddirector
- 2001-05-22🏢Company incorporatedAs AXIS PRECISION LIMITED
- 2001-05-22➕THATCHER, David Glyn appointeddirector
- 2001-05-22➕THATCHER, David Glyn appointedsecretary
- 2001-05-22➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 2001-05-22➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 2001-05-22➕OWEN, Rodney Allen appointeddirector
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 25 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 25 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Glyn Thatcher Individual · British · DOB 05/1964 · age 62 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| AWB PLASTICS LIMITED→ 06581267 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
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| BAMES LTD→ 12709160 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BARKER TESTING LIMITED→ 09459372 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| BARKER-MAYNE LTD→ 14824806 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BASECAMP LEISURE LIMITED→ 15940726 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2001-05-22
Jurisdictionengland-wales
Primary SIC25620 — Machining
Registered office
Maes Madog 21 Bryn Celyn Road
Talysarn
Caernarfon
Gwynedd
LL54 6AB
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-06-05
Last: 2026-05-22
Officers (2 active · 3 resigned)
THATCHER, Carol Wynne→
Activesecretary · appointed 2004-03-01
View their other companies + combined net worth →
THATCHER, David Glyn→
Activedirector · ~62y · appointed 2001-05-22
View their other companies + combined net worth →
THATCHER, David Glyn→
Resignedsecretary · appointed 2001-05-22 · resigned 2004-03-01
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2001-05-22 · resigned 2001-05-22
OWEN, Rodney Allen→
Resigneddirector · ~60y · appointed 2001-05-22 · resigned 2004-03-01
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 06/08/2020 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 30/03/2012 | 06/05/2020 | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 2 properties | 12/05/2009 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (71 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-03
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-06