AAG SYSTEMS LTD

⚰️Wound downdissolved
06865400 · ltd · incorporated 2009-04-01
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
52/100
Worth a look
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 52/100 (worth a look), bankability 42/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 15.2y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 15.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (59/100)

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
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 7 with DOB)
88
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (47 events)Click to expand
  1. 2021-12-07
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2021-12-07
    🏁
    Company dissolved
  3. 2021-09-07
    ⚠️
    liquidation-voluntary-creditors-return-of-final-meeting
    insolvency · LIQ14
  4. 2020-10-29
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  5. 2019-10-15
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  6. 2018-10-03
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  7. 2017-09-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2017-09-01
    ⚠️
    liquidation-voluntary-statement-of-affairs
    insolvency · LIQ02
  9. 2017-09-01
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  10. 2017-09-01
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2017-08-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2017-08-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2017-08-01
    🔓
    Charge satisfied #3
  14. 2017-08-01
    🔓
    Charge satisfied #2
  15. 2017-05-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2017-05-25
    🔓
    Charge satisfied #1
  17. 2017-05-09
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  18. 2017-01-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2016-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2016-09-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2016-09-13
    ➕
    GREAVES, Andrew John appointed
    director
  22. 2016-09-01
    ➖
    FITZGERALD, Jason resigned
    director
  23. 2016-07-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2016-07-11
    🔒
    Charge registered #5
    Lender: Hsbc Bank PLC
  25. 2016-05-25
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  26. 2016-04-20
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  27. 2016-04-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  28. 2016-04-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  29. 2016-04-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  30. 2016-04-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  31. 2016-04-12
    🔒
    Charge registered #4
    Lender: Hsbc Bank PLC
  32. 2016-04-12
    🔒
    Charge registered #3
    Lender: Hsbc Invoice Finance (UK) LTD
  33. 2016-04-12
    🔒
    Charge registered #2
    Lender: Hsbc Invoice Finance (UK) LTD
  34. 2016-03-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  35. 2016-02-01
    ➕
    FITZGERALD, Jason appointed
    director
  36. 2015-11-01
    ➖
    HEMINGBROUGH, Joanna resigned
    director
  37. 2012-07-19
    ➕
    WALKER, Michelle Dawn appointed
    director
  38. 2012-07-17
    ➖
    MCQUEEN, Stuart resigned
    secretary
  39. 2012-07-17
    ➖
    MCQUEEN, Stuart Charles resigned
    director
  40. 2012-05-15
    ➖
    ROSS, Paul Anthony resigned
    director
  41. 2012-03-23
    ➕
    HEMINGBROUGH, Joanna appointed
    director
  42. 2011-02-21
    🔒
    Charge registered #1
    Lender: Bibby Financial Services Limited
  43. 2009-09-18
    ➕
    MCQUEEN, Stuart Charles appointed
    director
  44. 2009-04-01
    🏢
    Company incorporated
    As AAG SYSTEMS LTD
  45. 2009-04-01
    ➕
    GREAVES, Alexandra Jane appointed
    director
  46. 2009-04-01
    ➕
    MCQUEEN, Stuart appointed
    secretary
  47. 2009-04-01
    ➕
    ROSS, Paul Anthony appointed
    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
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

63/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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

2 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2021-12-07

7 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2021-12-07: gazette-dissolved-liquidation; 2021-09-07: liquidation-voluntary-creditors-return-of-final-meeting

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Alexandra Jane Greaves
Individual · British · DOB 12/1966 · age 60
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mr Andrew John Greaves
Individual · British · DOB 02/1966 · age 60
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

9 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

Statusdissolved
Typeltd
Incorporated2009-04-01
Jurisdictionengland-wales
Primary SIC62090 — Other information technology service activities

Registered office

Allen House
1 Westmead Road
Sutton
Surrey
SM1 4LA

Filing status

Accounts
Next due: —
Last made up to: 2016-04-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 5 resigned)

GREAVES, Alexandra Jane→
director · ~60y · appointed 2009-04-01
View their other companies + combined net worth →
Active
GREAVES, Andrew John→
director · ~60y · appointed 2016-09-13
View their other companies + combined net worth →
Active
WALKER, Michelle Dawn→
director · ~52y · appointed 2012-07-19
View their other companies + combined net worth →
Active
MCQUEEN, Stuart→
secretary · appointed 2009-04-01 · resigned 2012-07-17
Resigned
FITZGERALD, Jason→
director · ~57y · appointed 2016-02-01 · resigned 2016-09-01
Resigned
HEMINGBROUGH, Joanna→
director · ~45y · appointed 2012-03-23 · resigned 2015-11-01
Resigned
MCQUEEN, Stuart Charles→
director · ~51y · appointed 2009-09-18 · resigned 2012-07-17
Resigned
ROSS, Paul Anthony→
director · ~70y · appointed 2009-04-01 · resigned 2012-05-15
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property11/07/2016—
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property12/04/2016—
satisfied
HSBC
Hsbc Invoice Finance (UK) LTD
A registered charge—12/04/201601/08/2017
satisfied
HSBC
Hsbc Invoice Finance (UK) LTD
A registered charge—12/04/201601/08/2017
satisfied
Bibby Financial Services
Bibby Financial Services Limited
Debenture1 property21/02/201125/05/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

gazette-dissolved-liquidation
gazette · GAZ2
2021-12-07
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · LIQ14
2021-09-07
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2020-10-29
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2019-10-15
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2018-10-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-09-05
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2017-09-01
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2017-09-01
resolution
resolution · RESOLUTIONS
2017-09-01
mortgage-satisfy-charge-full
mortgage · MR04
2017-08-01
mortgage-satisfy-charge-full
mortgage · MR04
2017-08-01
mortgage-satisfy-charge-full
mortgage · MR04
2017-05-25
accounts-amended-with-accounts-type-total-exemption-small
accounts · AAMD
2017-05-09
confirmation-statement-with-updates
confirmation-statement · CS01
2017-04-27
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-01-30