AC ENGINEERING (BYFLEET) LIMITED

🌳Matureactive

04736551 · ltd · incorporated 2003-04-16

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£1.9k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 25990

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -98% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 19.9y

30/100

under pressure

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

· Oldest live charge is 19.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (2 active, 7 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

65 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £1,934

Very low cash

Cash position: £56

Cash draining

Cash down 98% YoY

Cash YoY

-98%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£56

↓ 98% YoY

Net Worth

£2k

↑ 20% YoY

Current Assets

£36k

↑ 2.9% 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	£13.1k	£15.6k
Current assets	£35.6k	£34.6k
Cash	£56	£3.0k
Debtors	£35.6k	£31.6k
Net assets	£1.9k	£1.6k

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2019-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-11-11
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-19
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-11-30
➕
CLARK, Kanyarat appointed
director
2015-11-30
➖
CLARK, Kanyarat resigned
secretary
2015-11-30
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2013-10-09
🔒
Charge registered #2
Lender: Ashley Commercial Finance Limited
2006-06-08
🔒
Charge registered #1
Lender: Lloyds Tsb Commercial Finance Limited
2005-12-14
➖
CROOK, John resigned
secretary
2004-04-01
➕
CLARK, Kanyarat appointed
secretary
2004-03-31
➖
CLARK, Alex Duncan resigned
secretary
2004-03-31
➕
CROOK, John appointed
secretary
2003-04-16
🏢
Company incorporated
As AC ENGINEERING (BYFLEET) LIMITED
2003-04-16
➕
CLARK, Alexander Duncan appointed
director
2003-04-16
➕
CLARK, Alex Duncan appointed
secretary
2003-04-16
➕
HCS SECRETARIAL LIMITED appointed
corporate-nominee-secretary
2003-04-16
➖
HCS SECRETARIAL LIMITED resigned
corporate-nominee-secretary
2003-04-16
➕
HANOVER DIRECTORS LIMITED appointed
corporate-nominee-director
2003-04-16
➖
HANOVER DIRECTORS LIMITED resigned
corporate-nominee-director

Owner dependency

84/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 59 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100

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 59. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 23 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Alex Duncan Clark Individual · British · DOB 05/1967 · age 59	50–75%	50–75%	50-75% shares · 50-75% voting	30/06/2016
Mrs Kanyarat Clark Individual · Thai · DOB 12/1974 · age 52	25–50%	25–50%	25-50% shares · 25-50% voting	30/06/2016

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

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40PARTS LTD→ 16221557 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
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A AND L MOORINGS LIMITED→ 16554468 · est 2025 · no financials extracted	—	—	—	—	—	—	—
A3P LTD→ 13655409 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AALTO HAPS LIMITED→ 13925802 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
ABSOLUTE AROMAS LIMITED→ 02968674 · est 1994 · no financials extracted	—	—	—	—	31y	—	—
ABTECH PRECISION ENGINEERING LIMITED→ 03956270 · est 2000 · no financials extracted	—	—	—	—	26y	—	—
ABUS CRANE SYSTEMS LIMITED→ 02591463 · est 1991 · no financials extracted	—	—	—	—	35y	—	—
ACCUMAX LIMITED→ 02858585 · est 1993 · no financials extracted	—	—	—	—	32y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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.

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Company details

Statusactive

Typeltd

Incorporated2003-04-16

Jurisdictionengland-wales

Primary SIC25990 — SIC 25990

Registered office

22 Fairfax Road

Old Woking

Surrey

GU22 9HW

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-21

Last: 2026-04-07

Officers (2 active · 5 resigned)

CLARK, Alexander Duncan→

director · ~59y · appointed 2003-04-16

View their other companies + combined net worth →

Active

CLARK, Kanyarat→

director · ~52y · appointed 2015-11-30

View their other companies + combined net worth →

Active

CLARK, Alex Duncan→

secretary · appointed 2003-04-16 · resigned 2004-03-31

Resigned

CLARK, Kanyarat→

secretary · appointed 2004-04-01 · resigned 2015-11-30

Resigned

CROOK, John→

secretary · appointed 2004-03-31 · resigned 2005-12-14

Resigned

HCS SECRETARIAL LIMITED→

corporate-nominee-secretary · appointed 2003-04-16 · resigned 2003-04-16

Resigned

HANOVER DIRECTORS LIMITED→

corporate-nominee-director · appointed 2003-04-16 · resigned 2003-04-16

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Ashley Commercial Finance Ashley Commercial Finance Limited	A registered charge	1 property	09/10/2013	—
	outstanding	Lloyds Banking Group Lloyds Tsb Commercial Finance Limited	All assets debenture	1 property	08/06/2006	—

Click column headers to sort. Use filters above to narrow by status and lender.