AAC PROJECTS LIMITED

🌳Matureactive
05966183 · ltd · incorporated 2006-10-13
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 Jul 2025
Net worth
£43.4k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Electrical installation
Sector: Construction
ALSO REGISTERED FOR
  • 43220Plumbing, heat and air-conditioning installation
Investor take
Pursue
Asset-holding vehicle with a 63-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -79% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £43,360
Net assets shrinking
Down £56,105 YoY
Cash draining
Cash down 79% YoY
Cash YoY
-79%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£46k
↓ 79% YoY
Net Worth
£43k
↓ 56% YoY
Current Assets
£825k
↓ 3.7% YoY
Current Liabilities
—
£0£171k£343k£514k£685k£856kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Total assets£257.6k£233.5k
Current assets£824.9k£856.3k
Cash£46.3k£218.1k
Debtors£728.2k£638.1k
Net assets£43.4k£99.5k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-10-08
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2025-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-04-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-12-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-12-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-12-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2022-12-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-03-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2021-01-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2020-07-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2020-04-10
    ➖
    SMITH, Terry Alan resigned
    director
  16. 2019-04-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2017-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2015-07-31
    ➖
    MILLARD, Leslie Charles resigned
    director
  19. 2012-12-21
    ➖
    NATION, Nicholas James resigned
    director
  20. 2011-08-01
    ➕
    SMITH, Michelle appointed
    director
  21. 2011-08-01
    ➖
    WITHERS, Hilary Tracy resigned
    secretary
  22. 2011-08-01
    ➕
    MILLARD, Leslie Charles appointed
    director
  23. 2011-08-01
    ➕
    NATION, Nicholas James appointed
    director
  24. 2011-08-01
    ➕
    SMITH, Terry Alan appointed
    director
  25. 2006-10-13
    🏢
    Company incorporated
    As AAC PROJECTS LIMITED
  26. 2006-10-13
    ➕
    WITHERS, Gary Mark appointed
    director
  27. 2006-10-13
    ➕
    WITHERS, Hilary Tracy appointed
    secretary
  28. 2006-10-13
    ➕
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  29. 2006-10-13
    ➖
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  30. 2006-10-13
    ➕
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  31. 2006-10-13
    ➖
    WATERLOW NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

79/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • 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

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-10-08: certificate-change-of-name-company

Group structure

Aac Group Projects Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Aac Group Projects Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
AAC PROJECTS LIMITED
This company · 05966183

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%
NameSharesVoting rightsNature of controlNotified
Aac Group Projects Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control16/09/2016

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

6 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
Incorporated2006-10-13
Jurisdictionengland-wales
Primary SIC43210 — Electrical installation

Registered office

Office 16, 206 New Road
Croxley Green
Rickmansworth
WD3 3HH
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-10-22
Last: 2025-10-08

Officers (2 active · 6 resigned)

SMITH, Michelle→
director · ~60y · appointed 2011-08-01
View their other companies + combined net worth →
Active
WITHERS, Gary Mark→
director · ~63y · appointed 2006-10-13
View their other companies + combined net worth →
Active
WITHERS, Hilary Tracy→
secretary · appointed 2006-10-13 · resigned 2011-08-01
Resigned
WATERLOW SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2006-10-13 · resigned 2006-10-13
Resigned
MILLARD, Leslie Charles→
director · ~60y · appointed 2011-08-01 · resigned 2015-07-31
Resigned
NATION, Nicholas James→
director · ~53y · appointed 2011-08-01 · resigned 2012-12-21
Resigned
SMITH, Terry Alan→
director · ~65y · appointed 2011-08-01 · resigned 2020-04-10
Resigned
WATERLOW NOMINEES LIMITED→
corporate-nominee-director · appointed 2006-10-13 · resigned 2006-10-13
Resigned

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

Recent filings (71 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-10-08
certificate-change-of-name-company
change-of-name · CERTNM
2025-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-05
change-person-director-company-with-change-date
officers · CH01
2022-12-20
change-person-director-company-with-change-date
officers · CH01
2022-12-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-12-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-16