A.S.K. LEGAL LLP
Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
1 live charge · oldest 16.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 16.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £85.0k | £87.7k |
| Current assets | £115.2k | £115.3k |
| Cash | £21.4k | £5.7k |
| Debtors | £48.9k | £69.5k |
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
Corporate timeline (31 events)Click to expand
- 2025-10-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-07-28📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-01📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-09-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-09📄cessation-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC07
- 2023-08-09📄cessation-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC07
- 2023-07-20📄change-to-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC04
- 2023-07-19📄cessation-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC07
- 2023-07-18📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-10-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-12📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-06📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-07-01📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2021-06-30➖SEERS, Malcolm Leslie resignedllp-designated-member
- 2021-06-23📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2021-06-01➕EDWARDS, Joyce Edith appointedllp-designated-member
- 2020-07-06📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2020-06-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-01📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2019-04-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-07-19📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2017-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-04📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2017-07-04📄notification-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC01
- 2010-03-25🔒Charge registered #1Lender: National Westminster Bank PLC
- 2009-06-17🏢Company incorporatedAs A.S.K. LEGAL LLP
- 2009-06-17➕KILLEN, Marcia Joanne appointedllp-designated-member
- 2009-06-17➕SEERS, Malcolm Leslie appointedllp-designated-member
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ms Marcia Joanne Killen Individual · British · DOB 03/1956 · age 70 | — | 75–100% | 75-100% voting | 06/04/2016 |
3 historic (ceased) PSCs
- Mr Malcolm Leslie Seersceased 01/10/2021· 25-50% voting
- Ms Marcia Joanne Killenceased 01/07/2016· 25-50% voting
- Malcolm Leslie Seersceased 01/10/2021· 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| 1ST CHOICE AUTO SALES LTD→ 15883362 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
6 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 (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 25/03/2010 | — |