A.J.AUTOMATIC MACHINE CO.LTD

💤Zombieactive
04673787 · ltd · incorporated 2003-02-21
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
£317.2k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: SIC 33190
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. 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

3 live charges · 2 lenders · oldest 8.2y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 8.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
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 declared
Positive net assets
Net assets £317,160

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£317k
↑ 8.5% YoY
Current Assets
£27k
↑ 57% YoY
Current Liabilities
£0£63k£127k£190k£254k£317kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£726.7k£621.3k
Current assets£27.4k£17.5k
Net assets£317.2k£292.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-11-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-11-19
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  4. 2024-11-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2024-11-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-11-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2024-11-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-11-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-09-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-04-15
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  11. 2023-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-08-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2020-08-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2020-07-31
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  17. 2020-07-31
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  18. 2020-01-01
    FRANCOMBE, Sarah appointed
    secretary
  19. 2020-01-01
    FRANCOMBE, Carol resigned
    secretary
  20. 2020-01-01
    FRANCOMBE, Carol resigned
    director
  21. 2019-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2018-03-08
    🔒
    Charge registered #1
    Lender: Touchtunes UK LTD
  24. 2015-10-21
    FRANCOMBE, Keith James resigned
    director
  25. 2006-07-25
    PARKER, Alexander Ian resigned
    director
  26. 2006-04-01
    FRANCOMBE, Andrew James appointed
    director
  27. 2006-04-01
    PARKER, Alexander Ian appointed
    director
  28. 2003-02-21
    🏢
    Company incorporated
    As A.J.AUTOMATIC MACHINE CO.LTD
  29. 2003-02-21
    FRANCOMBE, Carol appointed
    secretary
  30. 2003-02-21
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  31. 2003-02-21
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  32. 2003-02-21
    FRANCOMBE, Carol appointed
    director
  33. 2003-02-21
    FRANCOMBE, Keith James appointed
    director

Owner dependency

85/100
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 20 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Andrew James Francombe
Individual · British · DOB 10/1980 · age 46
sig. influencesignificant influence01/01/2020
1 historic (ceased) PSC
  • Mrs Carol Francombeceased 01/01/2020· 25-50% shares · 25-50% voting

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2003-02-21
Jurisdictionengland-wales
Primary SIC33190 — SIC 33190

Registered office

Unit 5 Glencoe Business Park, Warne Road
Weston-Super-Mare
BS23 3TS
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-07
Last: 2026-02-21

Officers (2 active · 5 resigned)

FRANCOMBE, Sarah
secretary · appointed 2020-01-01
View their other companies + combined net worth →
Active
FRANCOMBE, Andrew James
director · ~46y · appointed 2006-04-01
View their other companies + combined net worth →
Active
FRANCOMBE, Carol
secretary · appointed 2003-02-21 · resigned 2020-01-01
Resigned
SWIFT INCORPORATIONS LIMITED
corporate-nominee-secretary · appointed 2003-02-21 · resigned 2003-02-21
Resigned
FRANCOMBE, Carol
director · ~78y · appointed 2003-02-21 · resigned 2020-01-01
Resigned
FRANCOMBE, Keith James
director · ~83y · appointed 2003-02-21 · resigned 2015-10-21
Resigned
PARKER, Alexander Ian
director · ~45y · appointed 2006-04-01 · resigned 2006-07-25
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property31/07/2020
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property31/07/2020
outstanding
Touchtunes UK
Touchtunes UK LTD
A registered charge08/03/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
appoint-person-secretary-company-with-name-date
officers · AP03
2024-11-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-11-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-19
termination-secretary-company-with-name-termination-date
officers · TM02
2024-11-19
termination-director-company-with-name-termination-date
officers · TM01
2024-11-19
termination-director-company-with-name-termination-date
officers · TM01
2024-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-15
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2023-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31