AEROFOAM LIMITED

🌳Matureactive
02417999 · ltd · incorporated 1989-08-30
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 36.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Manufacture of other furniture
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 36.6y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 36.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
130 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Average employees1500

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2024-12-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2024-01-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2023-03-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2022-11-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-12-23
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2020-12-22
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2020-09-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2020-09-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-12-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-01-31
    ➖
    RAWLINS, Michael Timothy resigned
    secretary
  17. 2014-01-31
    ➖
    RAWLINS, Michael Timothy resigned
    director
  18. 2013-11-25
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  19. 2013-10-04
    ➕
    CHHIPA, Aniket Hiralal appointed
    director
  20. 2013-10-04
    ➕
    CHHIPA, Haren Hiralal appointed
    director
  21. 2013-10-04
    ➖
    KELSALL, Anthony David resigned
    director
  22. 2011-02-11
    ➕
    RAWLINS, Michael Timothy appointed
    director
  23. 2004-05-12
    ➕
    RAWLINS, Michael Timothy appointed
    secretary
  24. 2004-05-12
    ➖
    H S (NOMINEES) LIMITED resigned
    corporate-secretary
  25. 2004-01-30
    ➖
    PATEL, Chandrakant resigned
    director
  26. 2002-06-13
    ➖
    SMITH, George Bernard resigned
    director
  27. 1998-04-14
    ➕
    PATEL, Chandrakant appointed
    director
  28. 1998-04-14
    ➕
    SMITH, George Bernard appointed
    director
  29. 1998-03-23
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  30. 1998-03-23
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  31. 1997-03-14
    🔓
    Charge satisfied #1
  32. 1993-09-08
    ➖
    PATEL, Chandrakant resigned
    secretary
  33. 1993-09-08
    ➕
    HS (NOMINEES) LIMITED appointed
    corporate-secretary
  34. 1993-09-07
    ➖
    HS (NOMINEES) LIMITED resigned
    corporate-secretary
  35. 1989-11-10
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  36. 1989-08-30
    🏢
    Company incorporated
    As AEROFOAM LIMITED

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 68 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • secondaryStable-but-static management: Company is 37 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

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

Group structure

Twinstar (Uk) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Twinstar (Uk) Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
AEROFOAM LIMITED
This company · 02417999

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Twinstar (Uk) Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Typeltd
Incorporated1989-08-30
Jurisdictionengland-wales
Primary SIC31090 — Manufacture of other furniture

Registered office

30 Dalston Gardens
Honeypot Lane
Stanmore
Middlesex
HA7 1BY

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-21
Last: 2025-09-07

Officers (2 active · 8 resigned)

CHHIPA, Aniket Hiralal→
director · ~68y · appointed 2013-10-04
View their other companies + combined net worth →
Active
CHHIPA, Haren Hiralal→
director · ~62y · appointed 2013-10-04
View their other companies + combined net worth →
Active
PATEL, Chandrakant→
secretary · resigned 1993-09-08
Resigned
RAWLINS, Michael Timothy→
secretary · appointed 2004-05-12 · resigned 2014-01-31
Resigned
H S (NOMINEES) LIMITED→
corporate-secretary · resigned 2004-05-12
Resigned
HS (NOMINEES) LIMITED→
corporate-secretary · appointed 1993-09-08 · resigned 1993-09-07
Resigned
KELSALL, Anthony David→
director · ~80y · resigned 2013-10-04
Resigned
PATEL, Chandrakant→
director · ~87y · appointed 1998-04-14 · resigned 2004-01-30
Resigned
RAWLINS, Michael Timothy→
director · ~67y · appointed 2011-02-11 · resigned 2014-01-31
Resigned
SMITH, George Bernard→
director · ~87y · appointed 1998-04-14 · resigned 2002-06-13
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
A registered charge2 properties25/11/2013—
outstanding
Barclays
Barclays Bank PLC
Legal charge2 properties23/03/1998—
outstanding
Barclays
Barclays Bank PLC
Debenture1 property23/03/1998—
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture3 properties10/11/198914/03/1997
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (130 total)

accounts-with-accounts-type-small
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-17
accounts-with-accounts-type-small
accounts · AA
2024-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-21
accounts-with-accounts-type-small
accounts · AA
2024-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-12
accounts-with-accounts-type-small
accounts · AA
2023-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-06
gazette-filings-brought-up-to-date
gazette · DISS40
2020-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-22
gazette-notice-compulsory
gazette · GAZ1
2020-12-22