ASCF LTD
Opportunity 77/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Refinance opportunity
1 live charge · oldest 21.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 1400 | 1200 |
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
Corporate timeline (25 events)Click to expand
- 2025-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-05-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-05-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-05-29📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-04-30➖LEWIS, Sophie resignedsecretary
- 2018-04-30➖LEWIS, Sophie resigneddirector
- 2017-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-05-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-02-10🔓Charge satisfied #1
- 2004-11-23🔒Charge registered #1Lender: Hsbc Bank PLC
- 2003-12-01➕LEWIS, Sophie appointeddirector
- 2002-11-26🏢Company incorporatedAs ASCF LTD
- 2002-11-26➕LEWIS, Julian John appointeddirector
- 2002-11-26➕LEWIS, Sophie appointedsecretary
- 2002-11-26➕CHETTLEBURGHS SECRETARIAL LTD appointedcorporate-nominee-secretary
- 2002-11-26➖CHETTLEBURGHS SECRETARIAL LTD resignedcorporate-nominee-secretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +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.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Julian John Lewis Individual · British · DOB 11/1970 · age 56 | 75–100% | — | 75-100% shares | 15/11/2016 |
1 historic (ceased) PSC
- Mrs Sophie Lewisceased 30/04/2018· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 23/11/2004 | 10/02/2016 |