AA FENCING UK LIMITED

💤Zombieactive
06904634 · ltd · incorporated 2009-05-13
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 May 2024
Net worth
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Manufacture of other builders' carpentry and joinery
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 14.6y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 14.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-282023-05-28
Average employees4600

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

🔒Filing-note intelligence

2 signals 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-02-25
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2021-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-02-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2019-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-02-19
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2018-06-12
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  13. 2018-06-05
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  14. 2018-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-02-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-06-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2011-10-03
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  18. 2009-05-13
    🏢
    Company incorporated
    As AA FENCING UK LIMITED
  19. 2009-05-13
    GORMAN, Leslie John appointed
    director

Owner dependency

98/100
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 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +No director turnover: Company is 17 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

78/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

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
NameSharesVoting rightsNature of controlNotified
Mr Leslie John Gorman
Individual · British · DOB 01/1966 · age 60
2550%
25-50% shares06/04/2016

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

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
Incorporated2009-05-13
Jurisdictionengland-wales
Primary SIC16230 — Manufacture of other builders' carpentry and joinery

Registered office

C/O Williamson Croft (Liverpool) Limited 1 Old Hall Street
1st Floor
Liverpool
L3 9HF
United Kingdom

Filing status

Accounts
Next due: 2026-05-28
Last made up to: 2024-05-28
Confirmation statement
Next due: 2026-05-27
Last: 2025-05-13

Officers (1 active · 0 resigned)

GORMAN, Leslie John
director · ~60y · appointed 2009-05-13
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Debenture1 property03/10/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-23
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-02-25
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-21
change-account-reference-date-company-previous-shortened
accounts · AA01
2020-02-28