ACS TRUSTEE 2 LTD

🌿Early-stageactive
15681923 · private-limited-guarant-nsc · incorporated 2024-04-26
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 Apr 2025
Net worth
£8
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 1.7y

30/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 1.7 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (65/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
16 officers (8 active, 16 linked, 16 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £8

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£8
Current Assets
£8
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-30
Total assets£8
Current assets£8
Net assets£8

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
4
filings
  • 2 officers
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2026-02-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-01-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2026-01-15
    READ, Ian Kenneth appointed
    director
  4. 2025-12-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-11-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-11-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-11-15
    THOMPSON, Maureen Judith appointed
    director
  8. 2025-11-15
    HIRD, Sarah Jane resigned
    director
  9. 2025-11-15
    PATTERSON, Adam resigned
    director
  10. 2025-06-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-06-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2025-06-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2025-05-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2025-05-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2025-05-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2025-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2025-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2025-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2025-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2025-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2025-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2025-03-28
    BARNES, Bryan Frank resigned
    director
  23. 2025-03-28
    BARNES, Naomi Ruth resigned
    director
  24. 2025-03-28
    KEEN, Richard resigned
    director
  25. 2025-03-28
    PATTERSON, Adam resigned
    director
  26. 2025-03-28
    PORTER, Michal John resigned
    director
  27. 2025-03-28
    SWAIN, Nicholas Mark resigned
    director
  28. 2025-01-14
    HIRD, Gary appointed
    director
  29. 2025-01-14
    THOMPSON, Ian James appointed
    director
  30. 2025-01-14
    HIRD, Sarah Jane appointed
    director
  31. 2024-09-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  32. 2024-09-19
    🔒
    Charge registered #1
    Lender: Metro Bank PLC
  33. 2024-04-26
    🏢
    Company incorporated
    As ACS TRUSTEE 2 LTD
  34. 2024-04-26
    COOLICAN-SMITH, Nicholas appointed
    director
  35. 2024-04-26
    KEEN, Richard appointed
    director
  36. 2024-04-26
    LUPSON, Graham Edward John appointed
    director
  37. 2024-04-26
    PORTER, Michal John appointed
    director
  38. 2024-04-26
    BARNES, Bryan Frank appointed
    director
  39. 2024-04-26
    BARNES, Naomi Ruth appointed
    director
  40. 2024-04-26
    KEEN, Richard appointed
    director
  41. 2024-04-26
    PATTERSON, Adam appointed
    director
  42. 2024-04-26
    PATTERSON, Adam appointed
    director
  43. 2024-04-26
    PORTER, Michal John appointed
    director
  44. 2024-04-26
    SWAIN, Nicholas Mark appointed
    director
  45. 2024-04-26
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -8 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 81 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +Young company: Only 2.1 years old — management layer unlikely to be developed.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HIRD, Sarah Jane resigned 2025-11-15; PATTERSON, Adam resigned 2025-11-15

🔒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

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
Typeprivate-limited-guarant-nsc
Incorporated2024-04-26
Jurisdictionengland-wales
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

C/O Aylesbury Canal Society Circus Field Basin
Stocklake
Aylesbury
HP20 1AP
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-09
Last: 2026-04-25

Officers (8 active · 8 resigned)

COOLICAN-SMITH, Nicholas
director · ~62y · appointed 2024-04-26
View their other companies + combined net worth →
Active
HIRD, Gary
director · ~56y · appointed 2025-01-14
View their other companies + combined net worth →
Active
KEEN, Richard
director · ~58y · appointed 2024-04-26
View their other companies + combined net worth →
Active
LUPSON, Graham Edward John
director · ~63y · appointed 2024-04-26
View their other companies + combined net worth →
Active
PORTER, Michal John
director · ~81y · appointed 2024-04-26
View their other companies + combined net worth →
Active
READ, Ian Kenneth
director · ~62y · appointed 2026-01-15
View their other companies + combined net worth →
Active
THOMPSON, Ian James
director · ~77y · appointed 2025-01-14
View their other companies + combined net worth →
Active
THOMPSON, Maureen Judith
director · ~74y · appointed 2025-11-15
View their other companies + combined net worth →
Active
BARNES, Bryan Frank
director · ~86y · appointed 2024-04-26 · resigned 2025-03-28
Resigned
BARNES, Naomi Ruth
director · ~52y · appointed 2024-04-26 · resigned 2025-03-28
Resigned
HIRD, Sarah Jane
director · ~54y · appointed 2025-01-14 · resigned 2025-11-15
Resigned
KEEN, Richard
director · ~58y · appointed 2024-04-26 · resigned 2025-03-28
Resigned
PATTERSON, Adam
director · ~32y · appointed 2024-04-26 · resigned 2025-03-28
Resigned
PATTERSON, Adam
director · ~32y · appointed 2024-04-26 · resigned 2025-11-15
Resigned
PORTER, Michal John
director · ~81y · appointed 2024-04-26 · resigned 2025-03-28
Resigned
SWAIN, Nicholas Mark
director · ~65y · appointed 2024-04-26 · resigned 2025-03-28
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
Metro Bank
Metro Bank PLC
A registered charge1 property19/09/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (21 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-05
appoint-person-director-company-with-name-date
officers · AP01
2026-02-18
accounts-with-accounts-type-dormant
accounts · AA
2026-01-20
appoint-person-director-company-with-name-date
officers · AP01
2025-12-02
termination-director-company-with-name-termination-date
officers · TM01
2025-11-19
termination-director-company-with-name-termination-date
officers · TM01
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
appoint-person-director-company-with-name-date
officers · AP01
2025-06-23
appoint-person-director-company-with-name-date
officers · AP01
2025-06-12
appoint-person-director-company-with-name-date
officers · AP01
2025-06-09
appoint-person-director-company-with-name-date
officers · AP01
2025-05-29
appoint-person-director-company-with-name-date
officers · AP01
2025-05-29
appoint-person-director-company-with-name-date
officers · AP01
2025-05-29
termination-director-company-with-name-termination-date
officers · TM01
2025-04-02
termination-director-company-with-name-termination-date
officers · TM01
2025-04-02