ACCO SYSTEMS LIMITED
Opportunity 67/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 15.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 15.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.97M | £1.60M |
| Current assets | £2.32M | £1.86M |
| Cash | £110.7k | £109.8k |
| Debtors | £2.21M | £1.73M |
| Net assets | £1.97M | £1.60M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (37 events)Click to expand
- 2025-08-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-08-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-08-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-08-21➕CARSON, James appointeddirector
- 2025-08-21➖SHAW, Russell resignedsecretary
- 2025-08-21➖SHAW, Russell resigneddirector
- 2025-08-20📄legacycapital · SH20
- 2025-08-20📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-08-20⚠️legacyinsolvency · CAP-SS
- 2025-08-20📄resolutionresolution · RESOLUTIONS
- 2025-06-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-11-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-10-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-11-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-08-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-11-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2013-10-31➖LEEK, Michael John resignedsecretary
- 2013-10-31➕SHAW, Russell appointedsecretary
- 2013-10-31➖LEEK, Michael John resigneddirector
- 2012-06-01🔒Charge registered #4Lender: Irere Eagle 1 Limited and Irere Eagle 2 Limited
- 2011-01-21🔒Charge registered #3Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
- 2011-01-12🔒Charge registered #1Lender: Hsbc Bank PLC
- 2011-01-11🔒Charge registered #2Lender: Hsbc Bank PLC
- 2008-06-26➖LEEK, Louise Emma resignedsecretary
- 2008-06-26➕LEEK, Michael John appointedsecretary
- 2007-04-01➕SHAW, Russell appointeddirector
- 2003-11-19🏢Company incorporatedAs ACCO SYSTEMS LIMITED
- 2003-11-19➕LEEK, Louise Emma appointedsecretary
- 2003-11-19➕AT SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2003-11-19➖AT SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2003-11-19➕LEEK, Michael John appointeddirector
- 2003-11-19➕AT DIRECTORS LIMITED appointedcorporate-nominee-director
- 2003-11-19➖AT DIRECTORS LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high · 1 med ·Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-08-20: legacy
Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: SHAW, Russell resigned 2025-08-21; SHAW, Russell resigned 2025-08-21
Group structure
Acco Systems Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Acco Systems Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 21/08/2025 |
1 historic (ceased) PSC
- Mr Russell Shawceased 21/08/2025· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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9 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 (1 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Irere Eagle 1 and Irere Eagle 2 Irere Eagle 1 Limited and Irere Eagle 2 Limited | Rent deposit deed | 1 property | 01/06/2012 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD ("the Security Holder") | Fixed charge on non-vesting debts and floating charge | 1 property | 21/01/2011 | — | |
| outstanding | HSBC Hsbc Bank PLC | Legal assignment | 1 property | 12/01/2011 | — | |
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 11/01/2011 | — |