A.S.P. FARMING LIMITED

💤Zombieactive
05090529 · ltd · incorporated 2004-04-01
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
68/100
Strong
🔔
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What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 01610Support activities for crop production
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 21.2y

30/100
under pressure

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

  • · Oldest live charge is 21.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees400400

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-03-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-03-13
    🔓
    Charge satisfied #1
  5. 2024-02-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-10-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-01-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-03-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-11-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-10-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2017-10-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2017-10-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2017-09-29
    ➖
    ADAMS, John Wakefield resigned
    director
  16. 2016-12-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-04-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2010-05-24
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Bank PLC
  19. 2007-06-19
    ➕
    PAYNE, Charles Thomas Richard appointed
    secretary
  20. 2007-06-19
    ➖
    GALLOWAY, Richard resigned
    secretary
  21. 2007-04-10
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Bank PLC
  22. 2005-02-09
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  23. 2004-05-31
    ➖
    SMITH, William resigned
    director
  24. 2004-04-01
    🏢
    Company incorporated
    As A.S.P. FARMING LIMITED
  25. 2004-04-01
    ➕
    PAYNE, Charles Thomas Richard appointed
    director
  26. 2004-04-01
    ➕
    GALLOWAY, Richard appointed
    secretary
  27. 2004-04-01
    ➕
    ALDBURY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  28. 2004-04-01
    ➖
    ALDBURY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  29. 2004-04-01
    ➕
    ADAMS, John Wakefield appointed
    director
  30. 2004-04-01
    ➕
    SMITH, William appointed
    director
  31. 2004-04-01
    ➕
    ALDBURY DIRECTORS LIMITED appointed
    corporate-nominee-director
  32. 2004-04-01
    ➖
    ALDBURY DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-15

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Charles Thomas Richard Payne
Individual · British · DOB 06/1975 · age 51
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Mr John Wakefield Adamsceased 29/09/2017· 25-50% shares

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

🔒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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10815464 · est 2017 · no financials extracted
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AVENUE FARM GROUP LIMITED→
16417441 · est 2025 · no financials extracted
———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2004-04-01
Jurisdictionengland-wales
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

Spinney Lodge Farm
Hanslope
Milton Keynes
Buckinghamshire
MK19 7DE

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-15OVERDUE
Last: 2025-04-01

Officers (2 active · 5 resigned)

PAYNE, Charles Thomas Richard→
secretary · appointed 2007-06-19
View their other companies + combined net worth →
Active
PAYNE, Charles Thomas Richard→
director · ~51y · appointed 2004-04-01
View their other companies + combined net worth →
Active
GALLOWAY, Richard→
secretary · appointed 2004-04-01 · resigned 2007-06-19
Resigned
ALDBURY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2004-04-01 · resigned 2004-04-01
Resigned
ADAMS, John Wakefield→
director · ~81y · appointed 2004-04-01 · resigned 2017-09-29
Resigned
SMITH, William→
director · ~67y · appointed 2004-04-01 · resigned 2004-05-31
Resigned
ALDBURY DIRECTORS LIMITED→
corporate-nominee-director · appointed 2004-04-01 · resigned 2004-04-01
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage deed of a life policy to secure own liabilities1 property24/05/2010—
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property10/04/2007—
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property09/02/200513/03/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-18
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-11
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-13
confirmation-statement-with-updates
confirmation-statement · CS01
2019-11-08