AJS ELECTRICS LTD
Opportunity 65/100 (strong), 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: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.44M | £1.44M |
| Current assets | £1.14M | £1.22M |
| Cash | £677.9k | £865.3k |
| Debtors | £354.1k | £250.1k |
| Net assets | £1.43M | £1.41M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (19 events)Click to expand
- 2025-09-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-06➕SMYTH, Charlotte appointeddirector
- 2024-12-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-12-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-17📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-10-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-10-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-06-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-10-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-05-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2015-06-02🏢Company incorporatedAs AJS ELECTRICS LTD
- 2015-06-02➕SMYTH, Adam John appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-06-16
Group structure
A Smyth Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
A Smyth Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/12/2024 |
Mr Adam John Smyth Individual · British · DOB 02/1991 · age 35 | — | — | sig. influencesignificant influence | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
Click a director name to see their full track record across all companies.