ADVANCED GRINDING SUPPLIES LTD
💤Zombieactive
05976793 · ltd · incorporated 2006-10-24
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 Oct 2024
Net worth
£1.49M
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 46140
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 77/100 (strong), bankability 75/100. 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: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 11.3y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £1,492,478
Cash YoY
+8%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£553k
↑ 7.7% YoY
Net Worth
£1.5m
↑ 26% YoY
Current Assets
£1.3m
↑ 14% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £1.79M | £1.18M |
| Current assets | £1.25M | £1.10M |
| Cash | £552.8k | £513.4k |
| Debtors | £325.3k | £286.8k |
| Net assets | £1.49M | £1.18M |
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
- 2025-07-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-02-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-31🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2024-07-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-07-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-07-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-07-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-06-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-07-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-07-15📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-11-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-05-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-04-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-02-27🔒Charge registered #2Lender: Hsbc Bank PLC
- 2015-01-28🔒Charge registered #1Lender: Hsbc Bank PLC
- 2015-01-01➖HARDING, Lisa Jane resignedsecretary
- 2006-10-24🏢Company incorporatedAs ADVANCED GRINDING SUPPLIES LTD
- 2006-10-24➕HARDING, Peter Arnold appointeddirector
- 2006-10-24➕HARDING, Lisa Jane appointedsecretary
Owner dependency
85/100
Critical — business is the founderThe 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 20 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
Strong succession signalMultiple 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.
- 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Peter Arnold Harding Individual · British · DOB 06/1973 · age 53 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Wholesale & distribution · GL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 3P ENTERPRISE LIMITED→ 06074449 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| ABBEY CEREALS LIMITED→ 07169066 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ABBEY METAL RECYCLING LIMITED→ 07247228 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ABBOTT & COMPANY (WESSEX) LIMITED→ 00363475 · est 1940 · no financials extracted | — | — | — | — | 85y | — | — |
| ABSOLUTELY PERSONAL LTD→ 15400846 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADM PALLETS LIMITED→ 04746010 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ADSETT TRADING CO LTD→ 03188392 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| ADTECH BUSINESS SYSTEMS LIMITED→ 01318623 · est 1977 · no financials extracted | — | — | — | — | 48y | — | — |
| ADVANTAGE EQUIPMENT LTD→ 07511272 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| AETEE LIMITED→ 04187564 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| AFINITEK LIMITED→ 06954722 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| AFROSCOOL LTD→ 16472379 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2006-10-24
Jurisdictionengland-wales
Primary SIC46140 — SIC 46140
Registered office
Unit 9, Whitworth Court Baird Road
Quedgeley
Gloucester
Gloucestershire
GL2 2DG
England
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-07
Last: 2025-10-24
Officers (1 active · 1 resigned)
HARDING, Peter Arnold→
Activedirector · ~53y · appointed 2006-10-24
View their other companies + combined net worth →
HARDING, Lisa Jane→
Resignedsecretary · appointed 2006-10-24 · resigned 2015-01-01
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 31/10/2024 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 27/02/2015 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 28/01/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (49 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-07-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-24