AJM MATERIAL SALVAGE LIMITED
🏛️Establishedactive
11219447 · ltd · incorporated 2018-02-22
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
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-31.4k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 46720
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -60% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
29 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
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £31,359
Net assets shrinking
Down £106,656 YoY
Cash draining
Cash down 60% YoY
Cash YoY
-60%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£24k
↓ 60% YoY
Net Worth
-£31k
↓ 142% YoY
Current Assets
£39k
↓ 44% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £29.2k | £96.3k |
| Current assets | £38.7k | £69.7k |
| Cash | £24.0k | £60.1k |
| Debtors | £14.8k | £9.6k |
| Net assets | £-31.4k | £75.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-02-28📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2020-11-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-07-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-11-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-11-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-02-22🏢Company incorporatedAs AJM MATERIAL SALVAGE LIMITED
- 2018-02-22➕JAMES-MILLS, Ayrton appointeddirector
- 2018-02-22➕MILLS, Adrian appointeddirector
Owner dependency
78/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adrian Mills Individual · British · DOB 10/1955 · age 71 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 22/02/2018 |
Mr Ayrton James-Mills Individual · British · DOB 06/1992 · age 34 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 22/02/2018 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 3D MTO HOLDINGS LTD→ 16552156 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABSOLUTE BOARD CO. LIMITED→ 08130948 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ACCESS INSTRUMENTATION LIMITED→ 02414540 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| ACELL SOLUTIONS UK LIMITED→ 08776838 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ACTIVE GROUP COMMERCIAL CO. LIMITED→ 16675412 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFM INTERNATIONAL LTD→ 16491636 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFRO HEIGHTS LTD→ 15904460 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALBION 4C LIMITED→ 05677101 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| ALBION COMPONENTS LTD→ 07163111 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ALEPEN LIMITED→ 10872155 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ALEXANDER COMMERCE LIMITED→ 16925661 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALEXANDER HADLEIGH WINE MERCHANTS AND IMPORTERS LIMITED→ 01866487 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
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
Incorporated2018-02-22
Jurisdictionengland-wales
Primary SIC46720 — SIC 46720
Registered office
Unit 1 Westwood Botley Road
West End
Southampton
Hampshire
SO30 3HA
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-07
Last: 2026-02-21
Officers (2 active · 0 resigned)
JAMES-MILLS, Ayrton→
Activedirector · ~34y · appointed 2018-02-22
View their other companies + combined net worth →
MILLS, Adrian→
Activedirector · ~71y · appointed 2018-02-22
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (29 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-07