AJ CARRIAGEMASTERS LTD
- · Thesis: well-run, low negotiation leverage
Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -47% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
1 live charge · oldest 14.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £434.5k | £506.6k |
| Current assets | £92.3k | £154.3k |
| Cash | £75.1k | £141.4k |
| Debtors | £17.2k | £12.8k |
| Net assets | £171.8k | £144.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (27 events)Click to expand
- 2025-11-10📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-09-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-04-26📄capital-return-purchase-own-sharescapital · SH03
- 2024-04-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-08📄capital-cancellation-sharescapital · SH06
- 2024-03-26📄memorandum-articlesincorporation · MA
- 2024-03-26📄resolutionresolution · RESOLUTIONS
- 2024-03-22➖MANLEY, Stephen Mark resigneddirector
- 2024-03-22➖MOYLAN, Stephen resigneddirector
- 2023-12-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-01-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-12-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2021-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2021-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2021-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-04-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-07-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-15📄change-person-director-company-with-change-dateofficers · CH01
- 2012-06-07🔒Charge registered #1Lender: British Overseas Bank Nominees Limited and Wgtc Nominees Limited
- 2012-04-06➕JONES, Ian James appointeddirector
- 2012-04-06➕JONES, Kerry Leanne appointeddirector
- 2012-04-06➕MANLEY, Stephen Mark appointeddirector
- 2012-04-02🏢Company incorporatedAs AJ CARRIAGEMASTERS LTD
- 2012-04-02➕MOYLAN, Stephen appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ian James Jones Individual · British · DOB 04/1977 · age 49 | — | — | sig. influencesignificant influence | 06/04/2016 |
Mrs Kerry Leanne Jones Individual · British · DOB 08/1980 · age 46 | — | — | sig. influencesignificant influence | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (2 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | British Overseas Bank Nominees and Wgtc Nominees British Overseas Bank Nominees Limited and Wgtc Nominees Limited | Rent security deposit deed | 1 property | 07/06/2012 | — |