ASTEK INNOVATIONS LIMITED
💤Zombieactive
05097602 · ltd · incorporated 2004-04-07
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 Dec 2024
Net worth
£7.34M
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: SIC 46460
Sector: Wholesale & retail
Investor take
Special-situation opportunityDistressed wholesale with salvageable qualities — special-situations priority.
Opportunity 67/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -46% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
2 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 (79/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
24 officers (3 active, 24 linked, 15 with DOB)
83
Ownership & PSC
1 active PSC(s) of 6 total, 6 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
139 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £7,342,577
Cash draining
Cash down 46% YoY
Cash YoY
-46%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£53k
↓ 46% YoY
Net Worth
£7.3m
↑ 4.4% YoY
Current Assets
£7.4m
↓ 1.7% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £7.64M | £7.37M |
| Current assets | £7.44M | £7.57M |
| Cash | £53.1k | £98.4k |
| Debtors | £7.39M | £7.47M |
| Net assets | £7.34M | £7.03M |
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
4
filings
- • 2 capital
- • 1 insolvency
- • 1 resolution
Last 180 days
6
filings
- • 2 capital
- • 1 insolvency
- • 1 resolution
Counts from Companies House filing history.
Corporate timeline (68 events)Click to expand
- 2026-03-11📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2026-03-11📄legacycapital · SH20
- 2026-03-11⚠️legacyinsolvency · CAP-SS
- 2026-03-11📄resolutionresolution · RESOLUTIONS
- 2026-02-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-15➖SEROTA, Kenneth, Mr. resigneddirector
- 2025-12-18📄accounts-with-accounts-type-smallaccounts · AA
- 2025-09-17📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-09-12➖GARRICK, Dan resignedsecretary
- 2025-03-07📄accounts-with-accounts-type-smallaccounts · AA
- 2025-03-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-05➕SHERMAN, Michael Joshua appointeddirector
- 2025-03-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-31➕PELUSE, Mark, Mr. appointedsecretary
- 2024-05-31➕SHERMAN, Michael, Mr. appointedsecretary
- 2024-05-31➖GARRICK, Dan resigneddirector
- 2024-05-31➕SEROTA, Kenneth, Mr. appointeddirector
- 2024-05-31📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-05-31📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-05-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-13📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-12-05📄gazette-notice-compulsorygazette · GAZ1
- 2023-08-24📄accounts-with-accounts-type-smallaccounts · AA
- 2022-09-28📄accounts-with-accounts-type-smallaccounts · AA
- 2021-09-14📄accounts-with-accounts-type-smallaccounts · AA
- 2019-11-11➕GARRICK, Dan appointedsecretary
- 2019-11-11➖ROTH, Christopher resignedsecretary
- 2019-11-11➕GARRICK, Dan appointeddirector
- 2019-11-11➖ROTH, Christopher resigneddirector
- 2019-08-23➖JONES, Andrew resigneddirector
- 2019-05-02➕ROTH, Christopher appointedsecretary
- 2019-05-02➖BUTLER, David Michael resigneddirector
- 2019-05-02➕JONES, Andrew appointeddirector
- 2019-05-02➕ROTH, Christopher appointeddirector
- 2019-05-02➖SPROAT, Dave resigneddirector
- 2019-05-02➖STRAUS, John resigneddirector
- 2018-11-05➕FIESER, Gregory appointedsecretary
- 2018-11-05➖FIESER, Gregory resignedsecretary
- 2018-11-05➖SEGAL, Alan Julian resignedsecretary
- 2018-11-05➕BUTLER, David Michael appointeddirector
- 2018-11-05➕FIESER, Gregory appointeddirector
- 2018-11-05➖FIESER, Gregory resigneddirector
- 2018-11-05➖SEGAL, Alan Julian resigneddirector
- 2018-11-05➕SPROAT, Dave appointeddirector
- 2018-11-05➕STRAUS, John appointeddirector
- 2018-09-12🔓Charge satisfied #2
- 2018-09-05➖SEGAL, Antony Simon resigneddirector
- 2017-04-04➖SHUPAC, Mark, Dr. resigneddirector
- 2010-07-08➖BLANK, Stephen Martin resignedsecretary
Showing most recent 50 of 68 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high · 1 med ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-03-11: legacy
2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: GARRICK, Dan resigned 2025-09-12; SEROTA, Kenneth, Mr. resigned 2026-02-15
Group structure
Y.I. Europe Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Y.I. Europe Limited
Corporate parent · holds 75-100% shares · board control
⬇
ASTEK INNOVATIONS LIMITED
This company · 05097602
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 |
|---|---|---|---|---|
Y.I. Europe Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/11/2018 |
5 historic (ceased) PSCs
- Mr Dan Garrickceased 05/03/2025· significant influence
- Mr Christopher Rothceased 11/11/2019· significant influence
- Mr Andrew Jonesceased 23/08/2019· significant influence
- Mrs Marilyn Joy Segalceased 05/11/2018· 25-50% shares
- Dr Alan Julian Segalceased 05/11/2018· 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 →Similar companies
Active · Wholesale & distribution · WA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ALBERTOLTD LIMITED→ 16786007 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALL OFFICE SUPPLIES LTD→ 13203373 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AMBROS NW LIMITED→ 16441236 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| APEX MATERIALS LIMITED→ 13986788 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| APRES LIFE LIMITED→ 14077525 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AROS BUTCHERS LTD→ 16683997 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ASHDALE ONE LTD→ 16561710 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ASHTON CATERING EQUIPMENT LIMITED→ 05864985 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ASSET MOVERS LTD→ 16590341 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ATHENA PROJECTS PLUS LTD→ 07450141 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ATLAS COMMERCIAL GROUP LTD→ 16974779 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ATTILA MARKETING (UK) LIMITED→ 03188909 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
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
Incorporated2004-04-07
Jurisdictionengland-wales
Primary SIC46460 — SIC 46460
Registered office
Astek House Atlantic Street
Broadheath
Altrincham
Cheshire
WA14 5DH
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-27
Last: 2025-09-13
Officers (3 active · 21 resigned)
Active
SHERMAN, Michael, Mr.→
Activesecretary · appointed 2024-05-31
View their other companies + combined net worth →
SHERMAN, Michael Joshua→
Activedirector · ~48y · appointed 2025-03-05
View their other companies + combined net worth →
BLANK, Stephen Martin→
Resignedsecretary · appointed 2004-04-07 · resigned 2010-07-08
FIESER, Gregory→
Resignedsecretary · appointed 2018-11-05 · resigned 2018-11-05
GARRICK, Dan→
Resignedsecretary · appointed 2019-11-11 · resigned 2025-09-12
ROTH, Christopher→
Resignedsecretary · appointed 2019-05-02 · resigned 2019-11-11
SEGAL, Alan Julian→
Resignedsecretary · appointed 2010-07-08 · resigned 2018-11-05
YORK PLACE COMPANY SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-04-07 · resigned 2004-04-07
BLANK, Stephen Martin→
Resigneddirector · ~75y · appointed 2004-11-09 · resigned 2010-07-08
BUTLER, David Michael→
Resigneddirector · ~61y · appointed 2018-11-05 · resigned 2019-05-02
FIESER, Gregory→
Resigneddirector · ~53y · appointed 2018-11-05 · resigned 2018-11-05
FREEDMAN, Norman→
Resigneddirector · ~88y · appointed 2004-11-09 · resigned 2010-07-08
GARRICK, Dan→
Resigneddirector · ~58y · appointed 2019-11-11 · resigned 2024-05-31
JONES, Andrew→
Resigneddirector · ~38y · appointed 2019-05-02 · resigned 2019-08-23
ROTH, Christopher→
Resigneddirector · ~55y · appointed 2019-05-02 · resigned 2019-11-11
SEGAL, Alan Julian→
Resigneddirector · ~78y · appointed 2004-04-07 · resigned 2018-11-05
SEGAL, Antony Simon→
Resigneddirector · ~48y · appointed 2010-07-08 · resigned 2018-09-05
SEGAL, Marilyn Joy→
Resigneddirector · ~75y · appointed 2004-10-04 · resigned 2006-10-24
SEROTA, Kenneth, Mr.→
Resigneddirector · ~64y · appointed 2024-05-31 · resigned 2026-02-15
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | NatWest Group Rbs Invoice Finance Limited | Debenture | 1 property | 25/06/2008 | 12/09/2018 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 17/03/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (139 total)
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-03-11
legacy
capital · SH20
2026-03-11
legacy
insolvency · CAP-SS
2026-03-11
resolution
resolution · RESOLUTIONS
2026-03-11
termination-director-company-with-name-termination-date
officers · TM01
2026-02-25
accounts-with-accounts-type-small
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-17
termination-secretary-company-with-name-termination-date
officers · TM02
2025-09-17
accounts-with-accounts-type-small
accounts · AA
2025-03-07
appoint-person-director-company-with-name-date
officers · AP01
2025-03-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-20
appoint-person-secretary-company-with-name-date
officers · AP03
2024-05-31
appoint-person-secretary-company-with-name-date
officers · AP03
2024-05-31
appoint-person-director-company-with-name-date
officers · AP01
2024-05-31