ATLAS ENGINEERING SYSTEMS LTD
💤Zombieactive
12276303 · ltd · incorporated 2019-10-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
£-2.2k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Machining
Sector: Manufacturing
ALSO REGISTERED FOR
- 25990SIC 25990
- 28290SIC 28290
- 28930SIC 28930
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 72/100 (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: Cash flow review and working-capital discipline. Cash down -51% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £2,229
Net assets shrinking
Down £2,341 YoY
Cash draining
Cash down 51% YoY
Cash YoY
-51%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£7k
↓ 51% YoY
Net Worth
-£2k
↓ 2090% YoY
Current Assets
£8k
↓ 59% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-10-31 | 2024-10-31 |
|---|---|---|
| Total assets | £3.7k | £10.8k |
| Current assets | £7.7k | £18.8k |
| Cash | £7.2k | £14.5k |
| Debtors | £550 | £4.3k |
| Net assets | £-2.2k | £112 |
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 accounts
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
- 2026-03-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-03-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-12-18➖COATES, Christopher Neil resigneddirector
- 2020-01-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-23🏢Company incorporatedAs ATLAS ENGINEERING SYSTEMS LTD
- 2019-10-23➕LAKE, Shane Kieron Kenneth appointeddirector
- 2019-10-23➕COATES, Christopher Neil appointeddirector
- 2019-10-23📄incorporation-companyincorporation · NEWINC
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Shane Kieron Kenneth Lake Individual · British · DOB 10/1991 · age 35 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 23/10/2019 |
1 historic (ceased) PSC
- Mr Christopher Neil Coatesceased 30/03/2021· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| ATB ELECTRICAL SERVICES LTD→ 06707790 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
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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
Incorporated2019-10-23
Jurisdictionengland-wales
Primary SIC25620 — Machining
Registered office
22-26 King Street
King's Lynn
Norfolk
PE30 1HJ
England
Filing status
Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22
Officers (1 active · 1 resigned)
LAKE, Shane Kieron Kenneth→
Activedirector · ~35y · appointed 2019-10-23
View their other companies + combined net worth →
COATES, Christopher Neil→
Resigneddirector · ~31y · appointed 2019-10-23 · resigned 2020-12-18
Click a director name to see their full track record across all companies.
Recent filings (17 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-26
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-16
termination-director-company-with-name-termination-date
officers · TM01
2021-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-19