AIRPACKS LTD.

💤Zombieactive
02556136 · ltd · incorporated 1990-11-07
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 Dec 2024
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 21.3y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 21.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
11 officers (1 active, 11 linked, 8 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees100100

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 officers
Last 90 days
1
filing
  • 1 officers
Last 180 days
1
filing
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-05-21
    KERWIN, Keith Howard appointed
    director
  2. 2026-05-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-11-05
    BLANCHARD, David James resigned
    director
  4. 2025-11-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-09-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2025-07-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2025-07-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-07-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2025-07-09
    🔓
    Charge satisfied #1
  10. 2024-09-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2023-08-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2022-09-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-08-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2021-08-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2020-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2019-10-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2018-09-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2017-09-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2010-05-19
    HODSON, Margaret Ann resigned
    secretary
  20. 2010-05-19
    HUGHES, Gordon Roy resigned
    director
  21. 2010-05-19
    WHIBLEY, Graham John resigned
    director
  22. 2005-03-30
    BLANCHARD, David James appointed
    director
  23. 2005-03-30
    WENZ, Ronald Frederick resigned
    director
  24. 2005-02-01
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  25. 2003-04-03
    WILLIAMS, Michael Rhys resigned
    director
  26. 2001-04-26
    FOSTER, Hilary Elise resigned
    secretary
  27. 2001-04-26
    HODSON, Margaret Ann appointed
    secretary
  28. 2001-04-26
    HUGHES, Gordon Roy appointed
    director
  29. 2000-06-30
    SHUTTLEWOOD, Jeffrey Richard resigned
    director
  30. 2000-04-03
    FOSTER, Hilary Elise appointed
    secretary
  31. 2000-04-03
    WILLIAMS, Diana resigned
    secretary
  32. 2000-04-03
    SHUTTLEWOOD, Jeffrey Richard appointed
    director
  33. 2000-04-03
    WENZ, Ronald Frederick appointed
    director
  34. 2000-04-03
    WHIBLEY, Graham John appointed
    director
  35. 2000-04-03
    WILLIAMS, Diana resigned
    director
  36. 1990-11-07
    🏢
    Company incorporated
    As AIRPACKS LTD.

Owner dependency

75/100
High — earn-out structure required

Material 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 signal

Some 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

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

Group structure

Bsl Gas Technologies Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bsl Gas Technologies Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
AIRPACKS LTD.
This company · 02556136

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
Bsl Gas Technologies Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr David James Blanchardceased 06/04/2016· significant influence

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

7 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
Incorporated1990-11-07
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

101 Laker Road Rochester Airport
Industrial Estate
Rochester
Kent
ME1 3QX

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (1 active · 10 resigned)

KERWIN, Keith Howard
director · ~48y · appointed 2026-05-21
View their other companies + combined net worth →
Active
FOSTER, Hilary Elise
secretary · appointed 2000-04-03 · resigned 2001-04-26
Resigned
HODSON, Margaret Ann
secretary · appointed 2001-04-26 · resigned 2010-05-19
Resigned
WILLIAMS, Diana
secretary · resigned 2000-04-03
Resigned
BLANCHARD, David James
director · ~61y · appointed 2005-03-30 · resigned 2025-11-05
Resigned
HUGHES, Gordon Roy
director · ~76y · appointed 2001-04-26 · resigned 2010-05-19
Resigned
SHUTTLEWOOD, Jeffrey Richard
director · ~88y · appointed 2000-04-03 · resigned 2000-06-30
Resigned
WENZ, Ronald Frederick
director · ~86y · appointed 2000-04-03 · resigned 2005-03-30
Resigned
WHIBLEY, Graham John
director · ~77y · appointed 2000-04-03 · resigned 2010-05-19
Resigned
WILLIAMS, Diana
director · ~88y · resigned 2000-04-03
Resigned
WILLIAMS, Michael Rhys
director · ~88y · resigned 2003-04-03
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Guarantee & debenture1 property01/02/200509/07/2025

Recent filings (101 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-05-21
termination-director-company-with-name-termination-date
officers · TM01
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
accounts-with-accounts-type-dormant
accounts · AA
2025-09-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-07-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-11
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-04
accounts-with-accounts-type-dormant
accounts · AA
2024-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
accounts-with-accounts-type-dormant
accounts · AA
2023-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-01
accounts-with-accounts-type-dormant
accounts · AA
2022-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-01
change-person-director-company-with-change-date
officers · CH01
2021-08-06