ATP PROJECTS LTD

🌳Matureactive
08478777 · ltd · incorporated 2013-04-08
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 Apr 2025
Net worth
£98.8k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 25920
Sector: Manufacturing
ALSO REGISTERED FOR
  • 27320SIC 27320
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 9.1y

45/100
under pressure

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

  • · Oldest live charge is 9.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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

Company profile
address, 2 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
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
1 connected companies via shared directors
48
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £98,763
Cash YoY
-21%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£46k
↓ 21% YoY
Net Worth
£99k
↑ 5.3% YoY
Current Assets
£330k
↑ 9.1% YoY
Current Liabilities
—
£0£66k£132k£198k£264k£330kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£209.8k£246.6k
Current assets£329.6k£302.0k
Cash£46.2k£58.4k
Debtors£213.4k£170.5k
Net assets£98.8k£93.8k

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
4
filings
  • • 1 capital
  • • 1 incorporation
  • • 1 resolution
Last 180 days
4
filings
  • • 1 capital
  • • 1 incorporation
  • • 1 resolution
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-04-27
    📄
    capital-name-of-class-of-shares
    capital · SH08
  2. 2026-04-27
    📄
    memorandum-articles
    incorporation · MA
  3. 2026-04-27
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2026-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-04-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-04-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-07-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2021-07-29
    🔓
    Charge satisfied #1
  13. 2020-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-06-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2017-06-21
    🔒
    Charge registered #1
    Lender: EM3 Sme Finance Limited
  19. 2013-04-08
    🏢
    Company incorporated
    As ATP PROJECTS LTD
  20. 2013-04-08
    ➕
    PENNINGTON, Andrew William appointed
    director
  21. 2013-04-08
    ➕
    PENNINGTON, Tamsin Hannah appointed
    director

Owner dependency

71/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 13 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 13 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 Andrew Pennington
Individual · British · DOB 11/1979 · age 47
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Tamsin Hannah Pennington
Individual · British · DOB 05/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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 →
🔒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
Incorporated2013-04-08
Jurisdictionengland-wales
Primary SIC25920 — SIC 25920

Registered office

3 Pine Cottages Harpers Road
Ash
Aldershot
Hampshire
GU12 6BZ

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-22
Last: 2026-04-08

Officers (2 active · 0 resigned)

PENNINGTON, Andrew William→
director · ~47y · appointed 2013-04-08
View their other companies + combined net worth →
Active
PENNINGTON, Tamsin Hannah→
director · ~43y · appointed 2013-04-08
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
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
EM3 Sme Finance
EM3 Sme Finance Limited
A registered charge1 property21/06/201729/07/2021

Recent filings (35 total)

capital-name-of-class-of-shares
capital · SH08
2026-04-27
memorandum-articles
incorporation · MA
2026-04-27
resolution
resolution · RESOLUTIONS
2026-04-27
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
change-person-director-company-with-change-date
officers · CH01
2023-04-11
change-person-director-company-with-change-date
officers · CH01
2023-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-24