AS POWER ENGINEERING LTD

💤Zombieactive
09033254 · ltd · incorporated 2014-05-09
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
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Turnover
year to Mar 2025
Net worth
£84.6k
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: SIC 33140
Sector: Manufacturing
Investor take
Special-situation opportunity
Distressed manufacturing with salvageable qualities — special-situations priority.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (71/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £84,637
Cash YoY
+167%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£91k
↑ 167% YoY
Net Worth
£85k
↑ 384% YoY
Current Assets
£197k
↑ 229% YoY
Current Liabilities
-£30k£15k£61k£106k£151k£197kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£119.0k£-17.4k
Current assets£196.6k£59.8k
Cash£91.0k£34.1k
Debtors£105.6k£25.8k
Net assets£84.6k£-29.8k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-06-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-04-30
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  11. 2018-06-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-07-23
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  13. 2017-07-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2017-07-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2017-05-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2016-05-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-05-09
    🏢
    Company incorporated
    As AS POWER ENGINEERING LTD
  18. 2014-05-09
    SMITH, Alex appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

53/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 12 years.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-23

🔒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

8 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
Incorporated2014-05-09
Jurisdictionwales
Primary SIC33140 — SIC 33140

Registered office

8 Cae'R Delyn
Oakdale
Caerphilly
NP12 0NW
Wales

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-23OVERDUE
Last: 2025-05-09

Officers (1 active · 0 resigned)

SMITH, Alex
director · ~36y · appointed 2014-05-09
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)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-06-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-30
accounts-with-accounts-type-micro-entity
accounts · AA
2019-08-22