AIRTEC FILTRATION SERVICES LIMITED
- · Thesis: well-run, low negotiation leverage
- 71129Other engineering activities
Opportunity 74/100 (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
2 live charges · oldest 22.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (79/100)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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £13.6k | £22.6k |
| Current assets | £729.1k | £444.9k |
| Cash | £159.1k | £216.7k |
| Debtors | £570.0k | £228.2k |
| Net assets | £2.4k | £4.0k |
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
- • 1 confirmation-statement
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (33 events)Click to expand
- 2026-02-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-15🔒Charge registered #2Lender: National Westminster Bank PLC
- 2023-04-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-30📄resolutionresolution · RESOLUTIONS
- 2023-03-30📄memorandum-articlesincorporation · MA
- 2023-03-30📄capital-name-of-class-of-sharescapital · SH08
- 2023-03-29📄statement-of-companys-objectschange-of-constitution · CC04
- 2022-03-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-03-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-03-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-02-28➕BURKE, Sean, Mr. appointeddirector
- 2022-02-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-08📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-02-03➕RIXON, Karl appointeddirector
- 2022-02-03➖REDMOND, Gillian Elizabeth resignedsecretary
- 2022-02-03➖REDMOND, Michael John resigneddirector
- 2022-02-03➖WHALLEY, Mark Cameron resigneddirector
- 2021-05-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2003-12-05🔒Charge registered #1Lender: National Westminster Bank PLC
- 1995-03-01➖HIGGINS, Francis resigneddirector
- 1995-03-01➕REDMOND, Michael John appointeddirector
- 1995-03-01➕WHALLEY, Mark Cameron appointeddirector
- 1994-09-01➖HIGGINS, Shirley resignedsecretary
- 1994-09-01➕REDMOND, Gillian Elizabeth appointedsecretary
- 1994-09-01➖HIGGINS, Shirley resigneddirector
- 1979-01-03🏢Company incorporatedAs AIRTEC FILTRATION SERVICES LIMITED
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 47 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 |
|---|---|---|---|---|
Mr Karl Rixon Individual · British · DOB 01/1971 · age 55 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 28/02/2022 |
4 historic (ceased) PSCs
- Airtec Filtration Limitedceased 03/02/2022· 75-100% shares · 75-100% voting
- Mr Mark Cameron Whalleyceased 25/04/2019· 25-50% shares · 25-50% voting
- Mrs Jayne Cosgraveceased 25/04/2019· 25-50% shares · 25-50% voting
- Mr Andrew Robertsceased 25/04/2019· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 · 6 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 | A registered charge | — | 15/02/2024 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 05/12/2003 | — |