ALTITUDE ENGINEERING EUROPE LTD
Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (65/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 5.7y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.7 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £-140.9k | £-106.1k |
| Current assets | £1.8k | £8.3k |
| Net assets | £-140.9k | £-106.1k |
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
- • 1 confirmation-statement
Corporate timeline (16 events)Click to expand
- 2026-01-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-09-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-12🔒Charge registered #2Lender: Apollo Business Finance Limited
- 2024-08-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-27🔓Charge satisfied #1
- 2022-06-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-11-25🔒Charge registered #1Lender: Hitachi Capital (UK) PLC
- 2020-09-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-07-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-01-07🏢Company incorporatedAs ALTITUDE ENGINEERING EUROPE LTD
- 2019-01-07➕MILLAR, Ian James appointeddirector
- 2019-01-07📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ian James Millar Individual · British · DOB 10/1977 · age 49 | — | — | sig. influencesignificant influence | 07/01/2019 |
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 (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Apollo Business Finance Apollo Business Finance Limited | A registered charge | — | 12/09/2025 | — | |
| satisfied | Hitachi Capital (UK) Hitachi Capital (UK) PLC | A registered charge | 1 property | 25/11/2020 | 27/04/2023 |