AJC DRAINAGE LTD

💤Zombieactive
04542517 · ltd · incorporated 2002-09-23
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 Aug 2025
Net worth
£218.7k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 37000
Sector: Water supply & waste
Investor take
Pursue
Asset-holding vehicle with a 61-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (75/100)

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
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £218,727

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£219k
↑ 3.2% YoY
Current Assets
£99k
↑ 31% YoY
Current Liabilities
—
£0£44k£87k£131k£175k£219kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£278.5k£290.3k
Current assets£99.3k£75.5k
Net assets£218.7k£212.0k

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 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-04-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-09-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-05-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-09-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-04-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-11-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-11-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-12-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-02-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-10-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-05-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2007-07-17
    ➕
    BRADLEY, Lesley appointed
    secretary
  17. 2007-05-16
    ➖
    TALBOT, Paula Jane resigned
    secretary
  18. 2004-09-23
    ➕
    TALBOT, Paula Jane appointed
    secretary
  19. 2004-09-23
    ➖
    QUEEN SQUARE SECRETARIES LTD resigned
    corporate-secretary
  20. 2002-12-05
    ➖
    DOLAN, Paul Vincent resigned
    secretary
  21. 2002-12-05
    ➕
    QUEEN SQUARE SECRETARIES LTD appointed
    corporate-secretary
  22. 2002-09-23
    🏢
    Company incorporated
    As AJC DRAINAGE LTD
  23. 2002-09-23
    ➕
    COLES, Jon Albert Dickson appointed
    director
  24. 2002-09-23
    ➕
    DOLAN, Paul Vincent appointed
    secretary
  25. 2002-09-23
    ➕
    QUEEN SQUARE HOLDINGS LIMITED appointed
    corporate-director
  26. 2002-09-23
    ➖
    QUEEN SQUARE HOLDINGS LIMITED resigned
    corporate-director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. 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 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

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
Mr Jon Albert Dickson Coles
Individual · British · DOB 07/1965 · age 61
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Vivienne Coles
Individual · British · DOB 04/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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ARRAN VIEW STORAGE LTD→
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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
Incorporated2002-09-23
Jurisdictionengland-wales
Primary SIC37000 — SIC 37000

Registered office

Ocean Drive
Bulls Green Chantry
Frome
Somerset
BA11 3LY

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-10-07
Last: 2025-09-23

Officers (2 active · 4 resigned)

BRADLEY, Lesley→
secretary · appointed 2007-07-17
View their other companies + combined net worth →
Active
COLES, Jon Albert Dickson→
director · ~61y · appointed 2002-09-23
View their other companies + combined net worth →
Active
DOLAN, Paul Vincent→
secretary · appointed 2002-09-23 · resigned 2002-12-05
Resigned
TALBOT, Paula Jane→
secretary · appointed 2004-09-23 · resigned 2007-05-16
Resigned
QUEEN SQUARE SECRETARIES LTD→
corporate-secretary · appointed 2002-12-05 · resigned 2004-09-23
Resigned
QUEEN SQUARE HOLDINGS LIMITED→
corporate-director · appointed 2002-09-23 · resigned 2002-09-23
Resigned

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

Recent filings (61 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-19