ASSESSMENT & TRAINING NERAC LIMITED

🌳Matureactive
05697922 · ltd · incorporated 2006-02-04
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£2.1k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Post-secondary non-tertiary education
Sector: Education
ALSO REGISTERED FOR
  • 85590Other education n.e.c.
Investor take
Pursue
Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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, 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
9 officers (3 active, 9 linked, 8 with DOB)
88
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2,143

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£2k
↑ 39% YoY
Current Assets
£29k
↓ 12% YoY
Current Liabilities
—
£0£7k£13k£20k£26k£33kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£13.2k£11.9k
Current assets£29.0k£33.0k
Net assets£2.1k£1.5k

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
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-08-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-04-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-08-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-05-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-07-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-09-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-02-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2016-09-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-02-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-02-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2015-04-01
    ➕
    MILNES, Dean Tony appointed
    director
  17. 2013-11-01
    ➖
    MILNES, Dean Tony resigned
    director
  18. 2012-01-01
    ➖
    BRATLEY, Keith resigned
    director
  19. 2012-01-01
    ➖
    HADFIELD, Peter Alexander resigned
    director
  20. 2012-01-01
    ➕
    MILNES, Dean Tony appointed
    director
  21. 2011-07-08
    ➖
    MELLORS, Richard resigned
    director
  22. 2010-01-01
    ➕
    HADFIELD, Peter Alexander appointed
    director
  23. 2010-01-01
    ➕
    MELLORS, Richard appointed
    director
  24. 2009-12-31
    ➖
    HUGHES, Glen Leslie resigned
    director
  25. 2009-12-31
    ➖
    PEATTIE, Alexander George resigned
    director
  26. 2006-02-04
    🏢
    Company incorporated
    As ASSESSMENT & TRAINING NERAC LIMITED
  27. 2006-02-04
    ➕
    MILNES, Karen Amanda appointed
    secretary
  28. 2006-02-04
    ➕
    MILNES, Karen Amanda appointed
    director
  29. 2006-02-04
    ➕
    BRATLEY, Keith appointed
    director
  30. 2006-02-04
    ➕
    HUGHES, Glen Leslie appointed
    director
  31. 2006-02-04
    ➕
    PEATTIE, Alexander George appointed
    director

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Karen Amanda Milnes
Individual · British · DOB 08/1956 · age 70
25–50%
25–50%board control25-50% shares · 25-50% voting · board control · firm interest01/06/2016
Mr Dean Tony Milnes
Individual · British · DOB 10/1967 · age 59
25–50%
25–50%board control25-50% shares · 25-50% voting · board control · trust interest · firm interest01/06/2016

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2006-02-04
Jurisdictionengland-wales
Primary SIC85410 — Post-secondary non-tertiary education

Registered office

26 Westgate
Monk Bretton
Barnsley
S71 2DJ
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-02-13
Last: 2026-01-30

Officers (3 active · 6 resigned)

MILNES, Karen Amanda→
secretary · appointed 2006-02-04
View their other companies + combined net worth →
Active
MILNES, Dean Tony→
director · ~59y · appointed 2015-04-01
View their other companies + combined net worth →
Active
MILNES, Karen Amanda→
director · ~70y · appointed 2006-02-04
View their other companies + combined net worth →
Active
BRATLEY, Keith→
director · ~89y · appointed 2006-02-04 · resigned 2012-01-01
Resigned
HADFIELD, Peter Alexander→
director · ~78y · appointed 2010-01-01 · resigned 2012-01-01
Resigned
HUGHES, Glen Leslie→
director · ~68y · appointed 2006-02-04 · resigned 2009-12-31
Resigned
MELLORS, Richard→
director · ~71y · appointed 2010-01-01 · resigned 2011-07-08
Resigned
MILNES, Dean Tony→
director · ~59y · appointed 2012-01-01 · resigned 2013-11-01
Resigned
PEATTIE, Alexander George→
director · ~79y · appointed 2006-02-04 · resigned 2009-12-31
Resigned

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

Recent filings (69 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-08
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-10