ACES WORKWEAR LTD

🏛️Establishedactive
11615905 · ltd · incorporated 2018-10-10
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 4.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-26.8k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 14120
Sector: Manufacturing
ALSO REGISTERED FOR
  • 14190SIC 14190
  • 46420Wholesale of clothing and footwear
  • 47710Retail sale of clothing in specialised stores
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 4.5y

75/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Charge age ~4.5 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £26,829
Net assets shrinking
Down £76,942 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£27k
↓ 154% YoY
Current Assets
£31k
↓ 74% YoY
Current Liabilities
—
-£27k£2k£32k£61k£90k£119kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£63.1k£148.4k
Current assets£30.7k£119.4k
Net assets£-26.8k£50.1k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-12-05
    ➖
    MALIK, Ashok resigned
    director
  2. 2025-12-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-05-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-02-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-06-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-02-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-02-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-02-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-12-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2021-12-14
    🔒
    Charge registered #1
    Lender: Hsbc UK Bank PLC
  11. 2021-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-01-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-01-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2019-12-26
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  16. 2019-10-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2018-10-10
    🏢
    Company incorporated
    As ACES WORKWEAR LTD
  18. 2018-10-10
    ➕
    MALIK, Aakriti appointed
    director
  19. 2018-10-10
    ➕
    MALIK, Aditya appointed
    director
  20. 2018-10-10
    ➕
    MALIK, Ashok appointed
    director
  21. 2018-10-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

Material 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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No 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
NameSharesVoting rightsNature of controlNotified
Aditya Malik
Individual · British · DOB 05/1972 · age 54
25–50%
25–50%25-50% shares · 25-50% voting10/10/2018
Aakriti Malik
Individual · British · DOB 08/1975 · age 51
25–50%
25–50%25-50% shares · 25-50% voting10/10/2018

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2018-10-10
Jurisdictionengland-wales
Primary SIC14120 — SIC 14120

Registered office

24 Chilham Way
Bromley
Kent
BR2 7PR
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-26
Last: 2026-02-12

Officers (2 active · 1 resigned)

MALIK, Aakriti→
director · ~51y · appointed 2018-10-10
View their other companies + combined net worth →
Active
MALIK, Aditya→
director · ~54y · appointed 2018-10-10
View their other companies + combined net worth →
Active
MALIK, Ashok→
director · ~81y · appointed 2018-10-10 · resigned 2025-12-05
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property14/12/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (24 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-28
termination-director-company-with-name-termination-date
officers · TM01
2025-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-06-07
change-person-director-company-with-change-date
officers · CH01
2023-02-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-01