AGRI-TEL (DEVON) LIMITED

💤Zombieactive

06058406 · ltd · incorporated 2007-01-19

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 Jan 2025

Net worth

£39.7k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 28302

Sector: Manufacturing

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. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -67% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (75/100)

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

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

48 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £39,746

Very low cash

Cash position: £43

Cash draining

Cash down 67% YoY

Cash YoY

-67%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£43

↓ 67% YoY

Net Worth

£40k

↑ 492% YoY

Current Assets

£35k

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-01-31	2024-01-31
Total assets	£39.7k	£-8.0k
Current assets	£34.9k	—
Cash	£43	£132
Debtors	£28.7k	—
Net assets	£39.7k	£-10.1k

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

filings

Last 90 days

filing

• 1 address

Last 180 days

filings

• 1 address
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2026-03-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-03-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-04-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-10-13
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-02-16
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-08-18
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-01-22
➕
LERWILL, Christopher Keith appointed
secretary
2007-01-22
➕
LERWILL, Keith Walter appointed
director
2007-01-22
➖
FORM 10 SECRETARIES FD LTD resigned
corporate-nominee-secretary
2007-01-22
➖
FORM 10 DIRECTORS FD LTD resigned
corporate-nominee-director
2007-01-19
🏢
Company incorporated
As AGRI-TEL (DEVON) LIMITED
2007-01-19
➕
FORM 10 SECRETARIES FD LTD appointed
corporate-nominee-secretary
2007-01-19
➕
FORM 10 DIRECTORS FD LTD appointed
corporate-nominee-director

Owner dependency

100/100

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 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

98/100

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.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Keith Walter Lerwill Individual · British · DOB 02/1956 · age 70	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2016

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

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A & B CRANES (SOUTH WEST) LIMITED→ 11134687 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
ABSOLUTELY KNOT LTD→ 14798875 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
ACRYLUX LIMITED→ 04051866 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
ADDICOTT ELECTRICS LIMITED→ 02164309 · est 1987 · no financials extracted	—	—	—	—	38y	—	—
AEGIS DRONE TECHNOLOGIES LTD→ 15916967 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AGC ELECTRICAL LTD→ 06914320 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
AGLOW KITCHEN REPAIRS AND SERVICING LIMITED→ 10088015 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
AGRIPIPES LTD→ 13484515 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AIR FRESH SERVICES LIMITED→ 08958084 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
ALCO ENGINEERING (MANUFACTURING) LTD→ 09285418 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
ALCO ENGINEERING COMPANY (SHEET METAL) LIMITED→ 00697425 · est 1961 · no financials extracted	—	—	—	—	64y	—	—
ALEX RAE MECHATRONICS LIMITED→ 04953781 · est 2003 · no financials extracted	—	—	—	—	22y	—	—

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

Incorporated2007-01-19

Jurisdictionengland-wales

Primary SIC28302 — SIC 28302

Registered office

2 Lime Court

South Molton

Devon

EX36 3LH

England

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2027-02-02

Last: 2026-01-19

Officers (2 active · 2 resigned)

LERWILL, Christopher Keith→

secretary · appointed 2007-01-22

View their other companies + combined net worth →

Active

LERWILL, Keith Walter→

director · ~70y · appointed 2007-01-22

View their other companies + combined net worth →

Active

FORM 10 SECRETARIES FD LTD→

corporate-nominee-secretary · appointed 2007-01-19 · resigned 2007-01-22

Resigned

FORM 10 DIRECTORS FD LTD→

corporate-nominee-director · appointed 2007-01-19 · resigned 2007-01-22

Resigned

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

Recent filings (48 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-03-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-11