AAT SYSTEMS LTD

💤Zombieactive
05121667 · ltd · incorporated 2004-05-06
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 Nov 2024
Net worth
£50.7k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 62090Other information technology service activities
Investor take
Special-situation opportunity
Distressed technology with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (65/100, director aged 62). Share purchase looks the cleaner deal structure. 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 (73/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £50,685
Net assets shrinking
Down £9,808 YoY
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£29k
~ YoY
Net Worth
£51k
↓ 16% YoY
Current Assets
£51k
↓ 17% YoY
Current Liabilities
—
£0£12k£25k£37k£49k£62kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Total assets£50.7k£60.5k
Current assets£51.5k£61.7k
Cash£28.8k£28.7k
Debtors£22.7k£33.0k
Net assets£50.7k£60.5k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-07-23
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-07-22
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-08-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-08-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-08-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-02-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-08-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-08-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2020-11-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-10-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-09-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2017-07-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2016-09-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-06-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2012-09-05
    ➖
    BULLEN, Kerry resigned
    secretary
  18. 2010-07-20
    ➖
    O'DOHERTY, Georgina resigned
    secretary
  19. 2007-09-04
    ➕
    BULLEN, Kerry appointed
    secretary
  20. 2004-05-06
    🏢
    Company incorporated
    As AAT SYSTEMS LTD
  21. 2004-05-06
    ➕
    O'DOHERTY, Anthony appointed
    director
  22. 2004-05-06
    ➕
    O'DOHERTY, Georgina appointed
    secretary

Owner dependency

93/100
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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • 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: 2026-05-20

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Anthony O'Doherty
Individual · British · DOB 04/1964 · age 62
——sig. influencesignificant influence06/04/2016

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

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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.

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Company details

Statusactive
Typeltd
Incorporated2004-05-06
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities

Registered office

98 Edgehill Road
Chislehurst
BR7 6LB
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-05-20OVERDUE
Last: 2025-05-06

Officers (1 active · 2 resigned)

O'DOHERTY, Anthony→
director · ~62y · appointed 2004-05-06
View their other companies + combined net worth →
Active
BULLEN, Kerry→
secretary · appointed 2007-09-04 · resigned 2012-09-05
Resigned
O'DOHERTY, Georgina→
secretary · appointed 2004-05-06 · resigned 2010-07-20
Resigned

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

Recent filings (64 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-28
gazette-filings-brought-up-to-date
gazette · DISS40
2025-07-23
gazette-notice-compulsory
gazette · GAZ1
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-08-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-29