ABILITY STEEL FABRICATION LTD
🌿Early-stageactive
14957982 · ltd · incorporated 2023-06-24
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 Mar 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
PursueActive trading company with a 66-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 70/100. Strong seller-intent signal (60/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
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, 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
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · IFRS| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 200 | 200 |
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 (12 events)Click to expand
- 2025-12-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-16📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-08-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-05➖TILEY, Neil resigneddirector
- 2023-07-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-24🏢Company incorporatedAs ABILITY STEEL FABRICATION LTD
- 2023-06-24➕MUNCASTER, Philip appointeddirector
- 2023-06-24➕OSBORNE, Alan appointeddirector
- 2023-06-24➕TILEY, Neil appointeddirector
- 2023-06-24📄incorporation-companyincorporation · NEWINC
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 66 — succession pressure is live.
- +Young company: Only 3.0 years old — management layer unlikely to be developed.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- 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 Philip Muncaster Individual · British · DOB 09/1960 · age 66 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 24/06/2023 |
Mr Alan Osborne Individual · British · DOB 12/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 24/06/2023 |
1 historic (ceased) PSC
- Mr Neil Tileyceased 05/07/2023· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| ACEKO LTD→ 10225427 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ACORN INVESTMENTS LTD→ 09495853 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| ACROVISION TRUSTEE COMPANY LIMITED→ 13069690 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ACTION RECRUITERS LIMITED→ 13978572 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2023-06-24
Jurisdictionengland-wales
Primary SIC96090 — Other service activities n.e.c.
Registered office
Third Floor
12 Church Square
Leighton Buzzard
Bedfordshire
LU7 1AE
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-19
Last: 2025-07-05
Officers (2 active · 1 resigned)
MUNCASTER, Philip→
Activedirector · ~66y · appointed 2023-06-24
View their other companies + combined net worth →
OSBORNE, Alan→
Activedirector · ~60y · appointed 2023-06-24
View their other companies + combined net worth →
TILEY, Neil→
Resigneddirector · ~56y · appointed 2023-06-24 · resigned 2023-07-05
Click a director name to see their full track record across all companies.
Recent filings (10 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-02
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-05
termination-director-company-with-name-termination-date
officers · TM01
2023-07-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-05
incorporation-company
incorporation · NEWINC
2023-06-24