A9 LEASING LLP
💤Zombieactive
OC433917 · llp · incorporated 2020-10-23
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 2024
Net worth
—
book net assets
Opportunity
66/100
Strong
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 66/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -96% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
5 live charges · oldest 1.4y
10/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 1.4 years old — likely still in initial term.
- · 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.
Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
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
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
66/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredCash draining
Cash down 96% YoY
Cash YoY
-96%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£10k
↓ 96% YoY
Net Worth
—
Current Assets
£483k
↑ 36% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Current assets | £483.0k | £354.6k |
| Cash | £10.5k | £243.6k |
| Debtors | £472.6k | £111.0k |
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
2
filings
- • 2 mortgage
Last 90 days
3
filings
- • 3 mortgage
Last 180 days
5
filings
- • 5 mortgage
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-04-27📄mortgage-satisfy-charge-full-limited-liability-partnershipmortgage · LLMR04
- 2026-04-27📄mortgage-satisfy-charge-full-limited-liability-partnershipmortgage · LLMR04
- 2026-04-27🔓Charge satisfied #2
- 2026-04-27🔓Charge satisfied #1
- 2026-02-03📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2026-02-02🔒Charge registered #5Lender: Close Brothers Limited
- 2025-12-30📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2025-12-29🔒Charge registered #4Lender: Close Brothers Limited
- 2025-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2025-12-19🔒Charge registered #3Lender: Close Brothers Limited
- 2025-10-21📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-10-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-13📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2025-03-11🔒Charge registered #2Lender: Close Brothers Limited
- 2024-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2024-12-23🔒Charge registered #1Lender: Close Brothers Limited
- 2024-10-21📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-24📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-21📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-07-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-21📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2020-10-23🏢Company incorporatedAs A9 LEASING LLP
- 2020-10-23➕POLMAN, Paulus Gerardus Josephus Maria appointedllp-designated-member
- 2020-10-23➕POLMAN, Philippe appointedllp-designated-member
- 2020-10-23📄incorporation-limited-liability-partnershipincorporation · LLIN01
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
2 med ·3 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-02-02: A registered charge; 2025-12-29: A registered charge; 2025-12-19: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Paulus Gerardus Josephus Maria Polman Individual · Dutch · DOB 07/1956 · age 70 | — | 25–50% | 25-50% voting | 23/10/2020 |
Mr Philippe Polman Individual · Dutch · DOB 04/1985 · age 41 | — | 25–50% | 25-50% voting | 23/10/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · same sector · CV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 0510 LIMITED→ 13940270 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 0800 SURVEYS LTD→ 16589833 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 0FFSET TRAINING SOLUTIONS LIMITED→ 12604852 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 100 IVERSON ROAD LIMITED→ 05991678 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| 101 PROPCO LIMITED→ 13590114 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 1010 ELECTRICAL SERVICES LTD→ 15750197 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 103 WESTWOOD LTD→ 13133435 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 10X COMMUNITIES LIMITED→ 12628747 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 10X GC ALBANIA LIMITED→ 14149415 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 10X MEDIA LIMITED→ 14911505 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 11 GABRIEL STREET RTM COMPANY LIMITED→ 16107581 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 110 PROPERTY LTD→ 13542080 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Typellp
Incorporated2020-10-23
Jurisdictionengland-wales
Primary SIC—
Registered office
1 & 2 Mercia Village Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX
England
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-04
Last: 2025-10-21
Officers (2 active · 0 resigned)
POLMAN, Paulus Gerardus Josephus Maria→
Activellp-designated-member · ~70y · appointed 2020-10-23
View their other companies + combined net worth →
POLMAN, Philippe→
Activellp-designated-member · ~41y · appointed 2020-10-23
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 02/02/2026 | — | |
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 29/12/2025 | — | |
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 19/12/2025 | — | |
| satisfied | Close Brothers Close Brothers Limited | A registered charge | 1 property | 11/03/2025 | 27/04/2026 | |
| satisfied | Close Brothers Close Brothers Limited | A registered charge | 1 property | 23/12/2024 | 27/04/2026 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (17 total)
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2026-04-27
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2026-04-27
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2026-02-03
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2025-12-30
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-08
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2025-03-13
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-09
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-22