AGRICON ENGINEERING LIMITED

🌳Matureactive
08081276 · ltd · incorporated 2012-05-24
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£-25.9k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other engineering activities
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (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: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £25,930
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
-£26k
Current Assets
£78k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-30
Total assets£160.7k
Current assets£78.1k
Net assets£-25.9k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-01
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  3. 2024-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-11-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-08-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2020-11-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-12-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2018-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-10-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2017-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-08-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-07-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-05-24
    🏢
    Company incorporated
    As AGRICON ENGINEERING LIMITED
  17. 2012-05-24
    ➕
    PITTAWAY-DAVIS, James appointed
    director
  18. 2012-05-24
    ➕
    WILLMER, John Terry appointed
    director

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr James Pittaway - Davis
Individual · British · DOB 12/1988 · age 38
25–50%
—25-50% shares06/04/2016
Mr John Terry Willmer
Individual · British · DOB 07/1987 · age 39
25–50%
—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
Incorporated2012-05-24
Jurisdictionengland-wales
Primary SIC71129 — Other engineering activities

Registered office

Yew Tree Cottage Forest Road
Colgate
Horsham
West Sussex
RH12 4SZ

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-06-06
Last: 2026-05-23

Officers (2 active · 0 resigned)

PITTAWAY-DAVIS, James→
director · ~38y · appointed 2012-05-24
View their other companies + combined net worth →
Active
WILLMER, John Terry→
director · ~39y · appointed 2012-05-24
View their other companies + combined net worth →
Active

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

Recent filings (32 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
change-account-reference-date-company-current-extended
accounts · AA01
2024-09-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-23
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-03
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-16
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-03