ADVANCED FLUID SYSTEMS LIMITED
⚰️Wound downdissolved
02543127 · ltd · incorporated 1990-09-25
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
What this business does
Primary activity: SIC 3663
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 42/100. Strong seller-intent signal (88/100, director aged 79). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 35.3y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 35.3 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: low (50/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
19 officers (2 active, 19 linked, 13 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
141 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (72 events)Click to expand
- 2015-05-20⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2015-05-20🏁Company dissolved
- 2015-02-20⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2015-02-20⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2014-11-04⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2014-04-29⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2013-10-23⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2013-05-10⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2012-10-30⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2012-05-11⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2011-10-27⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2011-05-05⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-11-05⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-07-05⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-07-05⚠️liquidation-voluntary-statement-of-receipts-and-paymentsinsolvency · 4.68
- 2010-07-05⚠️liquidation-voluntary-statement-of-receipts-and-paymentsinsolvency · 4.68
- 2009-11-16⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-06-04⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-05-16📍legacyaddress · 287
- 2009-05-07⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2009-04-21⚠️liquidation-voluntary-removal-liquidatorinsolvency · 4.38
- 2008-10-22⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2008-04-26⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2007-10-29⚠️liquidation-voluntary-statement-of-receipts-and-paymentsinsolvency · 4.68
- 2006-10-20⚠️liquidation-voluntary-statement-of-affairsinsolvency · 4.20
- 2006-10-20⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2006-10-03➕STAFFORD, Gary appointedsecretary
- 2006-10-03➕AUKETT, Bryan Courtney appointeddirector
- 2006-10-03➖COURTNEY AUKETT, Bryan resignedsecretary
- 2005-03-04➖AUKETT, Bryan Courtney resigneddirector
- 2005-03-04➖BROOKS, Douglas Alan, Dr resigneddirector
- 2004-08-06🔓Charge satisfied #5
- 2004-08-06🔓Charge satisfied #4
- 2004-08-06🔓Charge satisfied #3
- 2004-08-02➖RAY, Jenelle resigneddirector
- 2002-12-02🔒Charge registered #6Lender: Industrial Development Partnership Ii (Trading Subsidiary) Limited
- 2001-06-21➕COURTNEY AUKETT, Bryan appointedsecretary
- 2001-06-05➖STEWART, James Alexander resigneddirector
- 2001-03-30➖WATLINGTON SECURITIES LIMITED resignedcorporate-secretary
- 2001-03-20➕AUKETT, Bryan Courtney appointeddirector
- 2001-03-20➖COAD, Jocelyn Charles resigneddirector
- 2000-12-08➖HORWICH, Lee Martin resigneddirector
- 2000-07-31🔒Charge registered #5Lender: Liquidics, Inc
- 2000-03-30🔒Charge registered #4Lender: Kokopelli Tech, Inc
- 2000-01-12🔒Charge registered #3Lender: Kokopelli Tech, Inc
- 2000-01-11➖MACDONALD, Alexander Allen Baillie resigneddirector
- 2000-01-05🔓Charge satisfied #2
- 1999-12-03➕RAY, Jenelle appointeddirector
- 1999-09-29➖COAD, Jocelyn Charles resignedsecretary
- 1999-09-29➕WATLINGTON SECURITIES LIMITED appointedcorporate-secretary
Showing most recent 50 of 72 events
Owner dependency
100/100
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 20 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 79 — succession pressure is live.
Succession & seller-readiness
98/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 36 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
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2015-05-20
24 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2015-05-20: gazette-dissolved-liquidation; 2015-02-20: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 · Energy & utilities · WC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 2 W SERVICES LTD→ 15737321 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 74 WASTE DISPOSAL LIMITED→ 16021772 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A2B RECYCLING LTD→ 16484520 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABT U.K. INTERNATIONAL CORPORATION LIMITED→ 10247455 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ACE WASTE REMOVALS LTD→ 17045040 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ADM CLEANING SERVICES LIMITED→ 14014393 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AEOLUS WIND LIMITED→ 08682656 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| AFORIS GLOBAL TRADE LIMITED→ 17059740 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AIR-CON SUPPLY LTD.→ 09857180 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AIRCONUK LTD→ 15477073 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AIRFIELD WIND FARM LIMITED→ 09625520 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AIROMAX LTD→ 16553919 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Statusdissolved
Typeltd
Incorporated1990-09-25
Jurisdictionengland-wales
Primary SIC3663 — SIC 3663
Registered office
Griffins Tavistock House South
Tavistock Square
London
WC1H 9LG
Filing status
Accounts
Next due: —
Last made up to: 2004-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 17 resigned)
Active
AUKETT, Bryan Courtney→
Activedirector · ~79y · appointed 2006-10-03
View their other companies + combined net worth →
BROOKS, Douglas Alan→
Resignedsecretary · appointed 1990-11-08 · resigned 1996-12-13
BROOKS, Douglas Alan→
Resignedsecretary · resigned 1996-12-13
COAD, Jocelyn Charles→
Resignedsecretary · appointed 1996-12-13 · resigned 1999-09-29
COURTNEY AUKETT, Bryan→
Resignedsecretary · appointed 2001-06-21 · resigned 2006-10-03
WATLINGTON SECURITIES LIMITED→
Resignedcorporate-secretary · appointed 1999-09-29 · resigned 2001-03-30
AIRD, John George, Sir→
Resigneddirector · ~86y · appointed 1996-03-25 · resigned 1998-08-29
AUKETT, Bryan Courtney→
Resigneddirector · ~79y · appointed 2001-03-20 · resigned 2005-03-04
BACH, Girard Ian→
Resigneddirector · ~93y · resigned 1995-12-14
BROOKS, Douglas Alan, Dr→
Resigneddirector · ~74y · appointed 1990-11-08 · resigned 2005-03-04
COAD, Jocelyn Charles→
Resigneddirector · ~77y · appointed 1996-12-13 · resigned 2001-03-20
HORWICH, Lee Martin→
Resigneddirector · ~76y · appointed 1996-01-01 · resigned 2000-12-08
HOW, Denzil Robert Onslow→
Resigneddirector · ~82y · appointed 1998-06-15 · resigned 1998-09-15
HOWELL, Gerald Stewart→
Resigneddirector · ~89y · appointed 1994-03-07 · resigned 1996-03-05
MACDONALD, Alexander Allen Baillie→
Resigneddirector · ~79y · appointed 1999-04-01 · resigned 2000-01-11
RAY, Jenelle→
Resigneddirector · ~76y · appointed 1999-12-03 · resigned 2004-08-02
STEWART, James Alexander→
Resigneddirector · ~77y · appointed 1995-12-14 · resigned 2001-06-05
WESTMACOTT, Richard Kelso→
Resigneddirector · ~92y · appointed 1994-03-07 · resigned 1999-07-02
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Industrial Development Partnership Ii (Trading Subsidiary) Industrial Development Partnership Ii (Trading Subsidiary) Limited | Rent deposit agreement | 1 property | 02/12/2002 | — | |
| satisfied | Liquidics, Liquidics, Inc | Debenture | 1 property | 31/07/2000 | 06/08/2004 | |
| satisfied | Kokopelli Tech, Kokopelli Tech, Inc | Debenture | 1 property | 30/03/2000 | 06/08/2004 | |
| satisfied | Kokopelli Tech, Kokopelli Tech, Inc | Debenture | 1 property | 12/01/2000 | 06/08/2004 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Debenture | 1 property | 15/01/1998 | 05/01/2000 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 28/01/1991 | 12/02/1998 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (141 total)
gazette-dissolved-liquidation
gazette · GAZ2
2015-05-20
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2015-02-20
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · 4.72
2015-02-20
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2014-11-04
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2014-04-29
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2013-10-23
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2013-05-10
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2012-10-30
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2012-05-11
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-10-27
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-05-05
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2010-11-05
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2010-07-05
liquidation-voluntary-statement-of-receipts-and-payments
insolvency · 4.68
2010-07-05
liquidation-voluntary-statement-of-receipts-and-payments
insolvency · 4.68
2010-07-05