ACE JOINERY (N.E.) LIMITED
💤Zombieactive
04632269 · ltd · incorporated 2003-01-09
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 Mar 2025
Net worth
£101.1k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Manufacture of other builders' carpentry and joinery
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -67% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 2.0y
10/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.0 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
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 £101,077
Net assets shrinking
Down £196,276 YoY
Cash draining
Cash down 67% YoY
Cash YoY
-67%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£54k
↓ 67% YoY
Net Worth
£101k
↓ 66% YoY
Current Assets
£423k
↓ 12% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £122.2k | £353.0k |
| Current assets | £423.4k | £482.1k |
| Cash | £54.0k | £166.1k |
| Debtors | £366.2k | £313.4k |
| Net assets | £101.1k | £297.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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 address
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-03-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-10🔒Charge registered #1Lender: Npif Ii - Debt Nw LP Acting by Fwc Npifii Debt Gp Limited, as the General Partner of Npif Ii Debt Nw LP, Acting by Fw Capital Limited
- 2023-07-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-13📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-02📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2021-09-02📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2021-08-10📄second-filing-of-annual-return-with-made-up-dateannual-return · RP04AR01
- 2021-06-09📄resolutionresolution · RESOLUTIONS
- 2021-05-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-05-26📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-05-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-05-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-05-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-05-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-05-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-05-21➕FOWLER, Kyle appointeddirector
- 2021-05-21➖IVESON, Elizabeth resignedsecretary
- 2021-05-21➖IVESON, Elizabeth resigneddirector
- 2021-05-21➖IVESON, William Hutchinson resigneddirector
- 2021-05-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2003-01-09🏢Company incorporatedAs ACE JOINERY (N.E.) LIMITED
- 2003-01-09➕IVESON, Elizabeth appointedsecretary
- 2003-01-09➕IVESON, Elizabeth appointeddirector
- 2003-01-09➕IVESON, William Hutchinson appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Original Investments Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Original Investments Group Limited
Corporate parent · holds 75-100% shares · board control
⬇
ACE JOINERY (N.E.) LIMITED
This company · 04632269
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Original Investments Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 21/05/2021 |
2 historic (ceased) PSCs
- Mr William Hutchinson Ivesonceased 09/01/2017· 25-50% shares · 25-50% voting · board control · significant influence · firm interest
- Ace Joinery Holdings Limitedceased 21/05/2021· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Manufacturing · NE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AEI CABLES LIMITED→ 07745837 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| AGA INDUSTRY LTD→ 15054425 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AGW MECHANICAL SERVICES LIMITED→ 14840876 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AIKO ROOF BARS LIMITED→ 15941973 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AIRGILL LTD→ 12610235 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AJS TRADE INTERIORS LTD→ 16432416 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AL BRIGHT DENTAL LTD→ 14759725 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALBANY METAL SPINNERS LTD→ 09270842 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ALEX GALES LIMITED→ 14093714 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALEXANDER CARRICK LTD→ 12028440 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ALEXANDRA INTERIORS LIMITED→ 07061442 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ALEXANDRA INTERIORS THE FACTORY LTD→ 12700270 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2003-01-09
Jurisdictionengland-wales
Primary SIC16230 — Manufacture of other builders' carpentry and joinery
Registered office
Unit A Baltic Park
Saltmeadows Road
Gateshead
NE8 3DA
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31
Officers (1 active · 3 resigned)
FOWLER, Kyle→
Activedirector · ~40y · appointed 2021-05-21
View their other companies + combined net worth →
IVESON, Elizabeth→
Resignedsecretary · appointed 2003-01-09 · resigned 2021-05-21
IVESON, Elizabeth→
Resigneddirector · ~63y · appointed 2003-01-09 · resigned 2021-05-21
IVESON, William Hutchinson→
Resigneddirector · ~65y · appointed 2003-01-09 · resigned 2021-05-21
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Npif Ii - Debt Nw LP Acting by Fwc Npifii Debt Gp , as the General Partner of Npif Ii Debt Nw LP, Acting by Fw Capital Npif Ii - Debt Nw LP Acting by Fwc Npifii Debt Gp Limited, as the General Partner of Npif Ii Debt Nw LP, Acting by Fw Capital Limited | A registered charge | 2 properties | 10/06/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (67 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-11
change-account-reference-date-company-current-extended
accounts · AA01
2023-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-09
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2021-09-02
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2021-09-02
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-18