A S ENGINEERING (UK) LIMITED
- · Oldest live charge 19.0y old — refinance window within 12 months
Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
1 live charge · oldest 19.0y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 19.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)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 | £281.4k | £413.1k |
| Current assets | £291.2k | £312.6k |
| Cash | £237.1k | £241.5k |
| Debtors | £54.1k | £71.1k |
| Net assets | £242.7k | £329.7k |
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
- • 1 confirmation-statement
- • 1 officers
Corporate timeline (29 events)Click to expand
- 2026-03-26📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-11-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-11-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-25➖FORD, Wayne Martin resigneddirector
- 2023-04-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-05-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-07-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-07-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-12-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-12-09➕FORD, Jane Rachael appointeddirector
- 2016-09-26➖SIRS, Alan resignedsecretary
- 2016-09-26➖SIRS, Alan resigneddirector
- 2007-07-30🔒Charge registered #1Lender: Bournemouth International Airport Limited
- 2004-03-22➕FORD, Michael James appointeddirector
- 2004-03-22➕SIRS, Alan appointedsecretary
- 2004-03-22➖BRIGHTON SECRETARY LTD resignedcorporate-nominee-secretary
- 2004-03-22➕FORD, Wayne Martin appointeddirector
- 2004-03-22➕SIRS, Alan appointeddirector
- 2004-03-22➖BRIGHTON DIRECTOR LTD resignedcorporate-nominee-director
- 2004-03-18🏢Company incorporatedAs A S ENGINEERING (UK) LIMITED
- 2004-03-18➕BRIGHTON SECRETARY LTD appointedcorporate-nominee-secretary
- 2004-03-18➕BRIGHTON DIRECTOR LTD appointedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael James Ford Individual · British · DOB 07/1980 · age 46 | 50–75% | — | 50-75% shares | 01/07/2023 |
1 historic (ceased) PSC
- Mr Wayne Martin Fordceased 01/07/2023· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bournemouth International Airport Bournemouth International Airport Limited | Rent deposit deed | 1 property | 30/07/2007 | — |