AOI SYSTEMS LIMITED
💤Zombieactive
SC254755 · ltd · incorporated 2003-08-26
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 Aug 2024
Net worth
£440.4k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 26512
Sector: Manufacturing
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 8.2y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £440,442
Net assets shrinking
Down £7,949 YoY
Cash YoY
+12%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£162k
↑ 12% YoY
Net Worth
£440k
↓ 1.8% YoY
Current Assets
£162k
↑ 12% 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 | £470.4k | £489.1k |
| Current assets | £162.4k | £145.3k |
| Cash | £162.4k | £145.3k |
| Net assets | £440.4k | £448.4k |
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
3
filings
- • 2 persons-with-significant-control
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-01-06📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-01-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-03📄change-person-director-company-with-change-dateofficers · CH01
- 2020-01-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-04-06🔒Charge registered #2Lender: Clydesdale Bank PLC
- 2018-02-16🔒Charge registered #1Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2014-02-21➖MURRAY, Martin resignedsecretary
- 2003-08-26🏢Company incorporatedAs AOI SYSTEMS LIMITED
- 2003-08-26➕CARRIGAN, Vincent appointeddirector
- 2003-08-26➕MURRAY, Martin appointedsecretary
- 2003-08-26➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2003-08-26➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2003-08-26➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2003-08-26➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
93/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
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 Vincent Carrigan Individual · British · DOB 01/1965 · age 61 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/01/2026 |
Mrs Donna Jeanette Carrigan Individual · British · DOB 10/1964 · age 62 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 26/08/2016 |
1 historic (ceased) PSC
- Mr Vincent Carriganceased 06/01/2026· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 2 POINT 8 LTD→ SC669890 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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| ALLGLASS REPROCESSORS (U.K.) LIMITED→ SC226505 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| APPROVED CARAVAN SERVICES LIMITED→ SC318883 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| AQUASKY LIMITED→ SC189598 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| ARDMALEISH HOLDINGS LIMITED→ SC453644 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ARGYLL FOREST PRODUCTS LIMITED→ SC357053 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| ARKANSAS GOLD MINING CORP LIMITED→ SC477921 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AROMATICS OF THE HEBRIDES LTD→ SC650192 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ARRAH OUD LIMITED→ SC819184 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ASPIRE UPHOLSTERY LTD→ SC387591 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ATLAS ENGINES LTD→ SC464934 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2003-08-26
Jurisdictionscotland
Primary SIC26512 — SIC 26512
Registered office
31 Midton Circle
Howwood
Johnstone
PA9 1ED
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-09-09
Last: 2025-08-26
Officers (1 active · 3 resigned)
CARRIGAN, Vincent→
Activedirector · ~61y · appointed 2003-08-26
View their other companies + combined net worth →
MURRAY, Martin→
Resignedsecretary · appointed 2003-08-26 · resigned 2014-02-21
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2003-08-26 · resigned 2003-08-26
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2003-08-26 · resigned 2003-08-26
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 06/04/2018 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 16/02/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (74 total)
change-person-director-company-with-change-date
officers · CH01
2026-01-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-24