AT NEWCO 20 LIMITED

💤Zombieactive
09042596 · ltd · incorporated 2014-05-15
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 Apr 2025
Net worth
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (65/100, director aged 61). 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

3 live charges · 2 lenders · oldest 12.1y

30/100
under pressure

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

  • · Oldest live charge is 12.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 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

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-03-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-01-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-01-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-01-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2022-03-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-07-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2021-06-09
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  8. 2021-06-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2021-06-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2021-06-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2021-05-28
    LENNON, Andrew Patrick James appointed
    secretary
  12. 2021-05-28
    FRANCIS, Richard Stewart Clement resigned
    secretary
  13. 2021-05-28
    FRANCIS, Richard Stewart Clement resigned
    director
  14. 2021-05-04
    LENNON, Andrew Patrick James appointed
    director
  15. 2020-04-14
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  16. 2020-04-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2020-04-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2020-03-31
    FRANCIS, Richard Stewart Clement appointed
    secretary
  19. 2020-03-31
    KELLY, Noel resigned
    secretary
  20. 2020-03-31
    KELLY, Noel Anthony, Mr. resigned
    director
  21. 2020-03-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2020-03-12
    FRANCIS, Richard Stewart Clement appointed
    director
  23. 2019-12-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  24. 2019-01-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  25. 2017-11-16
    🔓
    Charge satisfied #3
  26. 2017-11-16
    🔓
    Charge satisfied #2
  27. 2017-11-16
    🔓
    Charge satisfied #1
  28. 2017-11-14
    KINGSWOOD, Mike resigned
    director
  29. 2016-07-14
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC as Security Trustee
  30. 2014-05-29
    🔒
    Charge registered #2
    Lender: Ldc (Managers) Limited
  31. 2014-05-29
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC as Security Trustee
  32. 2014-05-28
    KELLY, Noel appointed
    secretary
  33. 2014-05-15
    🏢
    Company incorporated
    As AT NEWCO 20 LIMITED
  34. 2014-05-15
    KELLY, Noel Anthony, Mr. appointed
    director
  35. 2014-05-15
    KINGSWOOD, Mike 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 61 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Atcore Technology Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Atcore Technology Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
AT NEWCO 20 LIMITED
This company · 09042596

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Atcore Technology Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control15/05/2016

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
Incorporated2014-05-15
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

353 Buckingham Avenue
Slough
Berkshire
SL1 4PF

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-29
Last: 2026-05-15

Officers (2 active · 5 resigned)

LENNON, Andrew Patrick James
secretary · appointed 2021-05-28
View their other companies + combined net worth →
Active
LENNON, Andrew Patrick James
director · ~61y · appointed 2021-05-04
View their other companies + combined net worth →
Active
FRANCIS, Richard Stewart Clement
secretary · appointed 2020-03-31 · resigned 2021-05-28
Resigned
KELLY, Noel
secretary · appointed 2014-05-28 · resigned 2020-03-31
Resigned
FRANCIS, Richard Stewart Clement
director · ~57y · appointed 2020-03-12 · resigned 2021-05-28
Resigned
KELLY, Noel Anthony, Mr.
director · ~58y · appointed 2014-05-15 · resigned 2020-03-31
Resigned
KINGSWOOD, Mike
director · ~72y · appointed 2014-05-15 · resigned 2017-11-14
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC as Security Trustee
A registered charge1 property14/07/201616/11/2017
satisfied
Ldc (Managers)
Ldc (Managers) Limited
A registered charge29/05/201416/11/2017
satisfied
HSBC
Hsbc Bank PLC as Security Trustee
A registered charge29/05/201416/11/2017

Recent filings (44 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-28
accounts-with-accounts-type-dormant
accounts · AA
2026-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
accounts-with-accounts-type-dormant
accounts · AA
2025-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-22
accounts-with-accounts-type-dormant
accounts · AA
2024-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
accounts-with-accounts-type-dormant
accounts · AA
2023-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-23
accounts-with-accounts-type-dormant
accounts · AA
2022-03-10
accounts-with-accounts-type-dormant
accounts · AA
2021-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-02
appoint-person-secretary-company-with-name-date
officers · AP03
2021-06-09
appoint-person-director-company-with-name-date
officers · AP01
2021-06-09
termination-director-company-with-name-termination-date
officers · TM01
2021-06-09