ALFA FIVE SECURITIES LIMITED

🌳Matureactive
09924073 · ltd · incorporated 2015-12-21
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
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Turnover
year to Dec 2024
Net worth
£-17.6k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Activities of open-ended investment companies
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 82990Other business support service activities n.e.c.
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 87). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -52% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
26 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
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £17,644
Cash draining
Cash down 52% YoY
Cash YoY
-52%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↓ 52% YoY
Net Worth
-£18k
↓ 11% YoY
Current Assets
£4k
↓ 52% YoY
Current Liabilities
-£18k-£13k-£7k-£2k£3k£8kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£-17.6k£-15.9k
Current assets£3.7k£7.8k
Cash£3.7k£7.8k
Net assets£-17.6k£-15.9k

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

🔒Filing-note intelligence

3 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
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-12-01
    PERRETT, Nicola Jane resigned
    director
  2. 2025-12-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-10-03
    CRUX, Thomas Alan resigned
    director
  5. 2025-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-03-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2021-03-05
    CRUX, Dominic Lee appointed
    director
  12. 2021-03-05
    CRUX, Thomas Alan appointed
    director
  13. 2021-03-05
    📄
    capital-allotment-shares
    capital · SH01
  14. 2021-03-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2020-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-05-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2018-04-28
    PERRETT, Nicola Jane appointed
    director
  20. 2017-09-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2015-12-21
    🏢
    Company incorporated
    As ALFA FIVE SECURITIES LIMITED
  22. 2015-12-21
    CRUX, Josephine appointed
    secretary
  23. 2015-12-21
    CRUX, Alan Ernest appointed
    director

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 87 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

71/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 87 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: CRUX, Thomas Alan resigned 2025-10-03; PERRETT, Nicola Jane resigned 2025-12-01

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Alan Ernest Crux
Individual · British · DOB 11/1939 · age 87
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

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
Incorporated2015-12-21
Jurisdictionengland-wales
Primary SIC64304 — Activities of open-ended investment companies

Registered office

Unit 21 Kingspark Business Centre
152-178 Kingston Road
New Malden
Surrey
KT3 3ST
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-02
Last: 2025-12-19

Officers (3 active · 2 resigned)

CRUX, Josephine
secretary · appointed 2015-12-21
View their other companies + combined net worth →
Active
CRUX, Alan Ernest
director · ~87y · appointed 2015-12-21
View their other companies + combined net worth →
Active
CRUX, Dominic Lee
director · ~56y · appointed 2021-03-05
View their other companies + combined net worth →
Active
CRUX, Thomas Alan
director · ~33y · appointed 2021-03-05 · resigned 2025-10-03
Resigned
PERRETT, Nicola Jane
director · ~62y · appointed 2018-04-28 · resigned 2025-12-01
Resigned

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

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-19
termination-director-company-with-name-termination-date
officers · TM01
2025-12-01
termination-director-company-with-name-termination-date
officers · TM01
2025-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
appoint-person-director-company-with-name-date
officers · AP01
2021-03-14
capital-allotment-shares
capital · SH01
2021-03-05
appoint-person-director-company-with-name-date
officers · AP01
2021-03-05