AIR POWER PRODUCTS LIMITED
💤Zombieactive
02447892 · ltd · incorporated 1989-11-30
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 Feb 2025
Net worth
£957.0k
book net assets
Opportunity
64/100
Worth a look
What this business does
Primary activity: SIC 28990
Sector: Manufacturing
ALSO REGISTERED FOR
- 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Investor take
Special-situation opportunityDistressed manufacturing with salvageable qualities — special-situations priority.
Opportunity 64/100 (worth a look), bankability 32/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100).
🏦
Refinance opportunity
10 live charges · 6 lenders · oldest 36.3y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 36.3 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
140 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £957,017
Cash YoY
+41%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£211k
↑ 41% YoY
Net Worth
£957k
↑ 6.5% YoY
Current Assets
£768k
↑ 13% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £977.9k | £919.9k |
| Current assets | £768.2k | £680.6k |
| Cash | £211.3k | £149.5k |
| Debtors | £500.7k | £458.7k |
| Net assets | £957.0k | £898.7k |
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
1
filing
- • 1 mortgage
Last 90 days
6
filings
- • 3 persons-with-significant-control
- • 2 officers
- • 1 mortgage
Last 180 days
6
filings
- • 3 persons-with-significant-control
- • 2 officers
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
- 2026-05-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-21🔓Charge satisfied #10
- 2026-04-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-04-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-04-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-30➕FROGGATT, Gary David appointeddirector
- 2026-03-30➖COLLEY, Robert Eric resigneddirector
- 2025-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-10-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2012-05-04🔒Charge registered #10Lender: National Westminster Bank PLC
- 2011-03-01🔒Charge registered #9Lender: National Westminster Bank PLC
- 2008-04-14➖FROGGATT, Bernard resigneddirector
- 2007-09-21🔒Charge registered #8Lender: National Westminster Bank PLC
- 2007-08-03🔓Charge satisfied #4
- 2005-08-10🔓Charge satisfied #5
- 2005-08-10🔓Charge satisfied #3
- 2005-02-24🔒Charge registered #7Lender: The Royal Bank of Scotland Commercial Services Limited
- 2005-02-10🔒Charge registered #6Lender: National Westminster Bank PLC
- 2003-08-11➕COLLEY, Robert Eric appointeddirector
- 2003-02-28➖HAMILTON, Robert resigneddirector
- 2003-02-17➕FROGGATT, Gary David appointedsecretary
- 2003-02-13➖HAMILTON, Agnes Alexandra Paterson resignedsecretary
- 2001-04-06🔒Charge registered #5Lender: Hsbc Bank PLC
- 1997-03-20🔒Charge registered #4Lender: Griffin Credit Services Limited
- 1996-07-17🔓Charge satisfied #2
- 1996-05-31🔒Charge registered #3Lender: Midland Bank PLC
- 1995-01-12➕HAMILTON, Agnes Alexandra Paterson appointedsecretary
- 1995-01-12➖HAMILTON, Robert resignedsecretary
- 1995-01-12➕FROGGATT, Bernard appointeddirector
- 1995-01-12➖FROGGATT, Marilyn Delysa resigneddirector
- 1994-03-17🔓Charge satisfied #1
- 1993-10-21🔒Charge registered #2Lender: Barclays Bank PLC
- 1990-03-12🔒Charge registered #1Lender: National Westminster Bank PLC
- 1989-11-30🏢Company incorporatedAs AIR POWER PRODUCTS LIMITED
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 med ·Has insolvency history
mediumCompanies House flags prior insolvency events. Review the insolvency filings for context.
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Air Power Products Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Air Power Products Group Limited
Corporate parent · holds 75-100% shares · board control
⬇
AIR POWER PRODUCTS LIMITED
This company · 02447892
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Air Power Products Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/03/2026 |
2 historic (ceased) PSCs
- Mr Gary David Froggattceased 30/03/2026· significant influence · trust interest · firm interest
- Mr Robert Eric Colleyceased 30/03/2026· significant influence · trust interest · firm interest
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 →Similar companies
Active · Manufacturing · S postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A.L.M.E.C SERVICES LTD→ 15215766 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADEE ENGINEERING (FABRICATIONS) LTD→ 04630088 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| AFRIDI TECH LTD→ 15902759 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AFYA LAFIA INNOVATIONS LTD→ 16611128 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AIMCAM LIMITED→ 08525578 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| AIRBORNE WATCHES LTD→ 16808521 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AJAS SERVICES LIMITED→ 11521517 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AKITU BOTANICALS LTD→ 13528878 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ALDERCOTE LIMITED→ 03780815 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| ALGAR AIR COMPRESSED AIR ENGINEERS LTD→ 07856830 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ALKATEC DOORS LIMITED→ 16429159 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALL BRANDED WORKWEAR LIMITED→ 12723587 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1989-11-30
Jurisdictionengland-wales
Primary SIC28990 — SIC 28990
Registered office
Unit 2 Abbey Way
North Anston Trading Estate
Dinnington Sheffield
South Yorkshire
S25 4JL
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-13
Last: 2025-10-30
Officers (2 active · 6 resigned)
FROGGATT, Gary David→
Activesecretary · appointed 2003-02-17
View their other companies + combined net worth →
FROGGATT, Gary David→
Activedirector · ~52y · appointed 2026-03-30
View their other companies + combined net worth →
HAMILTON, Agnes Alexandra Paterson→
Resignedsecretary · appointed 1995-01-12 · resigned 2003-02-13
HAMILTON, Robert→
Resignedsecretary · resigned 1995-01-12
COLLEY, Robert Eric→
Resigneddirector · ~65y · appointed 2003-08-11 · resigned 2026-03-30
FROGGATT, Bernard→
Resigneddirector · ~77y · appointed 1995-01-12 · resigned 2008-04-14
FROGGATT, Marilyn Delysa→
Resigneddirector · ~75y · resigned 1995-01-12
HAMILTON, Robert→
Resigneddirector · ~82y · resigned 2003-02-28
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
4
Outstanding
2
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 04/05/2012 | 21/05/2026 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 01/03/2011 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 21/09/2007 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed and floating charge | 1 property | 24/02/2005 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 10/02/2005 | — | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 06/04/2001 | 10/08/2005 | |
| satisfied | Griffin Credit Services Griffin Credit Services Limited | Fixed charge on purchased debts | 1 property | 20/03/1997 | 03/08/2007 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 31/05/1996 | 10/08/2005 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 21/10/1993 | 17/07/1996 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 12/03/1990 | 17/03/1994 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (140 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-17
appoint-person-director-company-with-name-date
officers · AP01
2026-04-17
termination-director-company-with-name-termination-date
officers · TM01
2026-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-18