ANTEX (ELECTRONICS) LIMITED

🌳Matureactive
04762632 · ltd · incorporated 2003-05-13
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£-216.3k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 27900
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 4 lenders · oldest 23.0y

15/100
under pressure

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

  • · Oldest live charge is 23.0 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (71/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
17 officers (2 active, 17 linked, 9 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £216,336
Cash YoY
-30%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£48k
↓ 30% YoY
Net Worth
-£216k
↓ 14% YoY
Current Assets
—
Current Liabilities
—
-£216k-£159k-£102k-£45k£12k£69kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Cash£47.9k£68.6k
Net assets£-216.3k£-190.3k

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
4
filings
  • • 2 officers
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
4
filings
  • • 2 officers
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 officers
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (61 events)Click to expand
  1. 2026-05-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-05-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-05-04
    ➖
    WANG, Weiping resigned
    director
  4. 2026-04-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2026-04-26
    ➖
    CHAPMAN, Leanne Kelly resigned
    secretary
  6. 2025-04-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-03-21
    ➕
    CHAPMAN, Leanne Kelly appointed
    secretary
  11. 2022-03-21
    ➖
    DAVIES, Graham Derek resigned
    secretary
  12. 2022-03-21
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2022-03-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2021-09-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2020-12-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2019-08-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2019-04-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2019-04-03
    ➖
    CURZON, John Vigurs resigned
    director
  19. 2018-08-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  20. 2018-02-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2016-10-10
    🔒
    Charge registered #7
    Lender: Tsc Group Holdings Limited
  22. 2016-05-11
    🔓
    Charge satisfied #6
  23. 2016-05-11
    🔓
    Charge satisfied #5
  24. 2016-05-11
    🔓
    Charge satisfied #4
  25. 2016-05-11
    🔓
    Charge satisfied #3
  26. 2016-05-11
    🔓
    Charge satisfied #1
  27. 2015-07-27
    ➕
    DAVIES, Graham Derek appointed
    secretary
  28. 2015-05-18
    ➖
    SCOTT, John Edward resigned
    secretary
  29. 2015-05-18
    ➖
    LAURIE, John Kendall resigned
    director
  30. 2013-12-19
    ➕
    CURZON, John Vigurs appointed
    director
  31. 2012-08-02
    ➖
    OWEN, Andrew Gwynne resigned
    director
  32. 2010-03-09
    ➖
    LOCKHART, Ian Leonard resigned
    secretary
  33. 2010-03-09
    ➕
    SCOTT, John Edward appointed
    secretary
  34. 2009-12-29
    ➕
    COLLINS, Peter Ralph appointed
    director
  35. 2009-12-29
    ➖
    PRINCE, John resigned
    director
  36. 2009-12-29
    ➖
    RICHARDS, Robert Brian resigned
    director
  37. 2009-12-29
    ➕
    WANG, Weiping appointed
    director
  38. 2009-05-08
    🔒
    Charge registered #6
    Lender: Hsbc Bank PLC
  39. 2006-11-27
    🔒
    Charge registered #5
    Lender: Hsbc Invoice Finance (UK) LTD (the Security Holder)
  40. 2006-11-27
    🔒
    Charge registered #4
    Lender: Hsbc Invoice Finance (UK) LTD (the Security Holder)
  41. 2006-11-25
    🔓
    Charge satisfied #2
  42. 2006-11-01
    ➕
    LOCKHART, Ian Leonard appointed
    secretary
  43. 2006-10-31
    ➖
    CHILVERS, Anthony resigned
    secretary
  44. 2004-09-29
    ➕
    CHILVERS, Anthony appointed
    secretary
  45. 2004-09-28
    ➖
    PRINCE, John resigned
    secretary
  46. 2003-06-09
    🔒
    Charge registered #2
    Lender: Hsbc Invoice Finance (UK) LTD
  47. 2003-06-04
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  48. 2003-06-04
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  49. 2003-06-02
    ➖
    LOCKHART, Ian Leonard resigned
    secretary
  50. 2003-06-02
    ➕
    PRINCE, John appointed
    secretary
Showing most recent 50 of 61 events

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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 63 — approaching natural succession window.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • 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

2 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: CHAPMAN, Leanne Kelly resigned 2026-04-26; WANG, Weiping resigned 2026-05-04

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

🔒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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2003-05-13
Jurisdictionengland-wales
Primary SIC27900 — SIC 27900

Registered office

4 Darklake View
Estover
Plymouth
Devon
PL6 7TL
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-05-11
Last: 2026-04-27

Officers (2 active · 15 resigned)

COLLINS, Peter Ralph→
director · ~63y · appointed 2009-12-29
View their other companies + combined net worth →
Active
LOCKHART, Ian Leonard→
director · ~61y · appointed 2003-05-15
View their other companies + combined net worth →
Active
CHAPMAN, Leanne Kelly→
secretary · appointed 2022-03-21 · resigned 2026-04-26
Resigned
CHILVERS, Anthony→
secretary · appointed 2004-09-29 · resigned 2006-10-31
Resigned
DAVIES, Graham Derek→
secretary · appointed 2015-07-27 · resigned 2022-03-21
Resigned
GAWLER, Simon Christopher Cox→
secretary · appointed 2003-05-13 · resigned 2003-05-15
Resigned
LOCKHART, Ian Leonard→
secretary · appointed 2006-11-01 · resigned 2010-03-09
Resigned
LOCKHART, Ian Leonard→
secretary · appointed 2003-05-15 · resigned 2003-06-02
Resigned
PRINCE, John→
secretary · appointed 2003-06-02 · resigned 2004-09-28
Resigned
SCOTT, John Edward→
secretary · appointed 2010-03-09 · resigned 2015-05-18
Resigned
CURZON, John Vigurs→
director · ~66y · appointed 2013-12-19 · resigned 2019-04-03
Resigned
JACKSON, Matthew John→
director · ~64y · appointed 2003-05-13 · resigned 2003-05-15
Resigned
LAURIE, John Kendall→
director · ~77y · appointed 2003-06-02 · resigned 2015-05-18
Resigned
OWEN, Andrew Gwynne→
director · ~66y · appointed 2003-05-15 · resigned 2012-08-02
Resigned
PRINCE, John→
director · ~83y · appointed 2003-06-02 · resigned 2009-12-29
Resigned
RICHARDS, Robert Brian→
director · ~86y · appointed 2003-06-02 · resigned 2009-12-29
Resigned
WANG, Weiping→
director · ~62y · appointed 2009-12-29 · resigned 2026-05-04
Resigned

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

Mortgages & charges

7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Tsc Group Holdings
Tsc Group Holdings Limited
A registered charge1 property10/10/2016—
satisfied
HSBC
Hsbc Bank PLC
Legal assignment1 property08/05/200911/05/2016
satisfied
HSBC
Hsbc Invoice Finance (UK) LTD (the Security Holder)
Fixed charge on purchased debts which fail to vest1 property27/11/200611/05/2016
satisfied
HSBC
Hsbc Invoice Finance (UK) LTD (the Security Holder)
Floating charge (all assets)1 property27/11/200611/05/2016
satisfied
HSBC
Hsbc Invoice Finance (UK) LTD
Fixed charge on purchased debts which fail to vest1 property09/06/200325/11/2006
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property04/06/200311/05/2016
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property04/06/200311/05/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (116 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-05
termination-director-company-with-name-termination-date
officers · TM01
2026-05-05
termination-secretary-company-with-name-termination-date
officers · TM02
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-28
appoint-person-secretary-company-with-name-date
officers · AP03
2022-03-21
termination-secretary-company-with-name-termination-date
officers · TM02
2022-03-21
accounts-with-accounts-type-small
accounts · AA
2021-09-30