AJS COMPOSITES LTD
🌿Early-stageactive
13581055 · ltd · incorporated 2021-08-24
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£-66.3k
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: SIC 23140
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 70/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
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, 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
1 connected companies via shared directors
48
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
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 £66,337
Net assets shrinking
Down £66,535 YoY
Cash YoY
-9%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£4k
↓ 8.9% YoY
Net Worth
-£66k
↓ 33604% YoY
Current Assets
£55k
↑ 60% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £-66.3k | £198 |
| Current assets | £55.4k | £34.7k |
| Cash | £3.8k | £4.1k |
| Debtors | £47.0k | £23.0k |
| Net assets | £-66.3k | £198 |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
- 2025-05-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-05-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-04-11📄capital-allotment-sharescapital · SH01
- 2024-02-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-01-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-10-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-18➕LAPPING, Steven Philip appointeddirector
- 2021-11-08📄capital-allotment-sharescapital · SH01
- 2021-08-24🏢Company incorporatedAs AJS COMPOSITES LTD
- 2021-08-24➕SMITH, Joseph Peter appointeddirector
- 2021-08-24📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited 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
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 Stevel Philip Lapping Individual · British · DOB 06/1975 · age 51 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 18/11/2021 |
Mr Joseph Peter Smith Individual · British · DOB 12/1988 · age 38 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 24/08/2021 |
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
Active · Manufacturing · YO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 10SQUARED LIMITED→ 05174578 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| AGRIV WORKWEAR LTD→ 14999426 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AIRSIDE SERVICES (YORKS) LTD→ 08186850 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AL SUSPENSION LTD→ 11968349 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ALEX JAMES HUNT LTD→ 15138370 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AM:PM (UK) LIMITED→ 08659917 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ANEMOIC LTD→ 16933463 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ANNWYN BOTANICALS LTD→ 09048893 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| APEX JOINERY (YORKSHIRE) LTD→ 16897218 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| APPLIED EXPERIMENTAL LTD→ 14586400 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| APPROVED PHARMA SOLUTIONS LTD→ 09155008 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AQUASTAN HEATING LIMITED→ 04573196 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
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
Incorporated2021-08-24
Jurisdictionengland-wales
Primary SIC23140 — SIC 23140
Registered office
138 Quay Road 138 Quay Road
Bridlington
YO16 4JB
England
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-09-06
Last: 2025-08-23
Officers (2 active · 0 resigned)
LAPPING, Steven Philip→
Activedirector · ~51y · appointed 2021-11-18
View their other companies + combined net worth →
SMITH, Joseph Peter→
Activedirector · ~38y · appointed 2021-08-24
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (14 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-02
capital-allotment-shares
capital · SH01
2024-04-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-02-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-13
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-07
appoint-person-director-company-with-name-date
officers · AP01
2021-11-30
capital-allotment-shares
capital · SH01
2021-11-08
incorporation-company
incorporation · NEWINC
2021-08-24