ATCO MONEY EXCHANGE LTD.

💤Zombieactive

05471882 · ltd · incorporated 2005-06-06

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 May 2025

Net worth

—

book net assets

Opportunity

68/100

Strong

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What this business does

Primary activity: Financial intermediation not elsewhere classified

Sector: Financial & insurance

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 20.2y

45/100

under pressure

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

· Oldest live charge is 20.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

4 officers (1 active, 4 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

55 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

68/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Average employees	0	0

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2026-02-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-02-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-07-15
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-07-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-07-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-02-25
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-06-07
➖
ADAMS BUSINESS CONSULTANTS LIMITED resigned
corporate-secretary
2007-01-25
➖
MALIK, Asif Rashid resigned
secretary
2007-01-25
➕
ADAMS BUSINESS CONSULTANTS LIMITED appointed
corporate-secretary
2007-01-25
➖
MAJID, Asma resigned
director
2006-04-11
🔒
Charge registered #1
Lender: Barclays Bank PLC
2005-06-06
🏢
Company incorporated
As ATCO MONEY EXCHANGE LTD.
2005-06-06
➕
MALIK, Asif Rashid appointed
director
2005-06-06
➕
MALIK, Asif Rashid appointed
secretary
2005-06-06
➕
MAJID, Asma appointed
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 21 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 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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: 2026-06-17

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Asif Rashid Malik Individual · Pakistani · DOB 03/1969 · age 57	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2017

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

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ARMSTRONG SECURITY GAURDS LIMITED→ 14361484 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ASSETLEND LTD→ 11309449 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
ASSETROCK FINANCE LTD→ 10402547 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
AVALEN PARTNERS LIMITED→ 17033374 · est 2026 · no financials extracted	—	—	—	—	—	—	—
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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

Incorporated2005-06-06

Jurisdictionengland-wales

Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

614e Green Lane

Ilford

Essex

IG3 9SQ

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-06-17OVERDUE

Last: 2025-06-03

Officers (1 active · 3 resigned)

MALIK, Asif Rashid→

director · ~57y · appointed 2005-06-06

View their other companies + combined net worth →

Active

MALIK, Asif Rashid→

secretary · appointed 2005-06-06 · resigned 2007-01-25

Resigned

ADAMS BUSINESS CONSULTANTS LIMITED→

corporate-secretary · appointed 2007-01-25 · resigned 2007-06-07

Resigned

MAJID, Asma→

director · ~57y · appointed 2005-06-06 · resigned 2007-01-25

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Barclays Barclays Bank PLC	Debenture	1 property	11/04/2006	—

Click column headers to sort. Use filters above to narrow by status and lender.