AIRTEC FILTRATION SERVICES LIMITED

🌳Matureactive
01407543 · ltd · incorporated 1979-01-03
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
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Turnover
year to May 2025
Net worth
£2.4k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Agents specialised in the sale of other particular products
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 71129Other engineering activities
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

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

45/100
under pressure

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.

Company profile
address, 2 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
8 officers (2 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
118 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £2,400
Net assets shrinking
Down £1,614 YoY
Cash YoY
-27%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£159k
↓ 27% YoY
Net Worth
£2k
↓ 40% YoY
Current Assets
£729k
↑ 64% YoY
Current Liabilities
£0£146k£292k£437k£583k£729kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
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.

🔒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
2
filings
  • 1 confirmation-statement
  • 1 accounts
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-02-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-02-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-02-15
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  6. 2023-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-03-30
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2023-03-30
    📄
    memorandum-articles
    incorporation · MA
  9. 2023-03-30
    📄
    capital-name-of-class-of-shares
    capital · SH08
  10. 2023-03-29
    📄
    statement-of-companys-objects
    change-of-constitution · CC04
  11. 2022-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-03-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2022-03-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2022-03-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2022-03-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2022-02-28
    BURKE, Sean, Mr. appointed
    director
  17. 2022-02-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2022-02-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2022-02-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2022-02-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  21. 2022-02-03
    RIXON, Karl appointed
    director
  22. 2022-02-03
    REDMOND, Gillian Elizabeth resigned
    secretary
  23. 2022-02-03
    REDMOND, Michael John resigned
    director
  24. 2022-02-03
    WHALLEY, Mark Cameron resigned
    director
  25. 2021-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2003-12-05
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  27. 1995-03-01
    HIGGINS, Francis resigned
    director
  28. 1995-03-01
    REDMOND, Michael John appointed
    director
  29. 1995-03-01
    WHALLEY, Mark Cameron appointed
    director
  30. 1994-09-01
    HIGGINS, Shirley resigned
    secretary
  31. 1994-09-01
    REDMOND, Gillian Elizabeth appointed
    secretary
  32. 1994-09-01
    HIGGINS, Shirley resigned
    director
  33. 1979-01-03
    🏢
    Company incorporated
    As AIRTEC FILTRATION SERVICES LIMITED

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Karl Rixon
Individual · British · DOB 01/1971 · age 55
75100%
75–100%75-100% shares · 75-100% voting28/02/2022
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.

🔒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

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 →
🔒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
Incorporated1979-01-03
Jurisdictionengland-wales
Primary SIC46180 — Agents specialised in the sale of other particular products

Registered office

17 Peasley Cross Lane
St Helens
Merseyside
WA9 3BG
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-03-30
Last: 2026-03-16

Officers (2 active · 6 resigned)

BURKE, Sean, Mr.
director · ~30y · appointed 2022-02-28
View their other companies + combined net worth →
Active
RIXON, Karl
director · ~55y · appointed 2022-02-03
View their other companies + combined net worth →
Active
HIGGINS, Shirley
secretary · resigned 1994-09-01
Resigned
REDMOND, Gillian Elizabeth
secretary · appointed 1994-09-01 · resigned 2022-02-03
Resigned
HIGGINS, Francis
director · ~87y · resigned 1995-03-01
Resigned
HIGGINS, Shirley
director · ~86y · resigned 1994-09-01
Resigned
REDMOND, Michael John
director · ~70y · appointed 1995-03-01 · resigned 2022-02-03
Resigned
WHALLEY, Mark Cameron
director · ~66y · appointed 1995-03-01 · resigned 2022-02-03
Resigned

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
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge15/02/2024
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property05/12/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (118 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-03
resolution
resolution · RESOLUTIONS
2023-03-30
memorandum-articles
incorporation · MA
2023-03-30
capital-name-of-class-of-shares
capital · SH08
2023-03-30
statement-of-companys-objects
change-of-constitution · CC04
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-17
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-17