ACE COMPOSITES LIMITED

💤Zombieactive
09028029 · ltd · incorporated 2014-05-07
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 Jun 2024
Net worth
£5.3k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 22290
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. 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 8.7y

45/100
under pressure

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

  • · Oldest live charge is 8.7 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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £5,273
Net assets shrinking
Down £563 YoY
Cash YoY
+119%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£553
↑ 119% YoY
Net Worth
£5k
↓ 9.6% YoY
Current Assets
£255k
↑ 6.7% YoY
Current Liabilities
£0£51k£102k£153k£204k£255kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-302023-06-30
Total assets£55.6k£86.4k
Current assets£254.5k£238.5k
Cash£553£252
Debtors£222.2k£206.5k
Net assets£5.3k£5.8k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-09-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-09-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-09-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-09-12
    SALTER, Christopher Anthony resigned
    director
  5. 2025-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2024-06-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2024-05-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2024-05-22
    🔓
    Charge satisfied #1
  9. 2023-06-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2022-02-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2019-03-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2018-03-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2017-09-07
    📄
    mortgage-create-with-deed
    mortgage · MR01
  16. 2017-08-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2017-08-18
    🔒
    Charge registered #1
    Lender: Broomco (4178) Limited
  18. 2017-03-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2016-06-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2014-05-07
    🏢
    Company incorporated
    As ACE COMPOSITES LIMITED
  21. 2014-05-07
    HILL, Andrew David appointed
    director
  22. 2014-05-07
    SALTER, Christopher Anthony appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

60/100
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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew David Hill
Individual · English · DOB 08/1966 · age 60
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Christopher Anthony Salterceased 12/09/2025· 25-50% shares · 25-50% voting

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
Incorporated2014-05-07
Jurisdictionengland-wales
Primary SIC22290 — SIC 22290

Registered office

Units 3 & 4 Gratton Place
East Gillibrands
Skelmersdale
Lancashire
WN8 9UE

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-05-21
Last: 2025-05-07

Officers (1 active · 1 resigned)

HILL, Andrew David
director · ~60y · appointed 2014-05-07
View their other companies + combined net worth →
Active
SALTER, Christopher Anthony
director · ~62y · appointed 2014-05-07 · resigned 2025-09-12
Resigned

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
Broomco (4178)
Broomco (4178) Limited
A registered charge1 property18/08/201722/05/2024

Recent filings (33 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-16
termination-director-company-with-name-termination-date
officers · TM01
2025-09-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-28
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-09
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-18
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-15