ADVANCED FASTENERS LIMITED
- 46690Wholesale of other machinery and equipment
Opportunity 75/100 (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).
Data confidence
Overall: medium (76/100)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 · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Average employees | 300 | 300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (27 events)Click to expand
- 2025-06-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-07📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2017-06-06📄change-person-secretary-company-with-change-dateofficers · CH03
- 2016-06-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-04-13📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-06-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-03-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-06-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2008-10-15➕SHPILIAK, Victoria appointedsecretary
- 2008-10-15➖MEEK, Richard David resignedsecretary
- 2008-07-11➖MEEK, Leonard resigneddirector
- 2003-11-14🏢Company incorporatedAs ADVANCED FASTENERS LIMITED
- 2003-11-14➕MEEK, Richard David appointeddirector
- 2003-11-14➕MEEK, Richard David appointedsecretary
- 2003-11-14➕T.I.B. SECRETARIES LIMITED appointedcorporate-secretary
- 2003-11-14➖T.I.B. SECRETARIES LIMITED resignedcorporate-secretary
- 2003-11-14➕MEEK, Leonard appointeddirector
- 2003-11-14➕T.I.B. NOMINEES LIMITED appointedcorporate-director
- 2003-11-14➖T.I.B. NOMINEES LIMITED resignedcorporate-director
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 23 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 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Richard David Meek Individual · British · DOB 07/1973 · age 53 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 31/05/2017 |
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 (2 active · 4 resigned)
Click a director name to see their full track record across all companies.