AS-P NORTHERN LTD
Opportunity 74/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).
Refinance opportunity
1 live charge · oldest 9.7y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey 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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-2.2k | £-13.2k |
| Current assets | £112.5k | £3.0k |
| Cash | £91.8k | £2.8k |
| Debtors | £20.7k | £204 |
| Net assets | £-2.2k | £-13.2k |
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 confirmation-statement
- • 1 address
- • 1 accounts
Corporate timeline (28 events)Click to expand
- 2026-01-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-03-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-04➖DAWSON-WATTS, Andrew Mark resigneddirector
- 2024-10-04✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-04-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-04-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-09-30🔒Charge registered #1Lender: Cmg (Ldn) Limited
- 2012-09-30➖WOMBWELL, Paul Michael resigneddirector
- 2004-04-30🏢Company incorporatedAs AS-P NORTHERN LTD
- 2004-04-30➕SEELEY, Anthony Edward appointedsecretary
- 2004-04-30➕SEELEY, Anthony Edward appointeddirector
- 2004-04-30➕YORK PLACE COMPANY SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2004-04-30➖YORK PLACE COMPANY SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2004-04-30➕DAWSON-WATTS, Andrew Mark appointeddirector
- 2004-04-30➕WOMBWELL, Paul Michael appointeddirector
- 2004-04-30➕YORK PLACE COMPANY NOMINEES LIMITED appointedcorporate-nominee-director
- 2004-04-30➖YORK PLACE COMPANY NOMINEES LIMITED resignedcorporate-nominee-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 22 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 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
1 med ·Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2024-10-04: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Anthony Edward Seeley Individual · British · DOB 05/1972 · age 54 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 04/10/2024 |
2 historic (ceased) PSCs
- Cast Media Group Ltdceased 04/10/2024· 75-100% shares · 75-100% voting · board control
- Mr Anthony Edward Seeleyceased 11/10/2016· 25-50% shares · 25-50% voting · board control · significant influence · trust interest · firm interest
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.
See pricing →Similar companies
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| B.O.M. LIGHT ENGINEERING LIMITED→ 01118477 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
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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.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Cmg (Ldn) Cmg (Ldn) Limited | A registered charge | — | 30/09/2016 | — |