AIRDUCT LIMITED

🌳Matureactive

02625403 · ltd · incorporated 1991-07-01

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 32.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

£557.0k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 25990

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 84-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 84). 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 (65/100).

🏦

Refinance opportunity

2 live charges · oldest 32.9y

65/100

clean up first

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

· Oldest live charge is 32.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

8 officers (5 active, 8 linked, 5 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

103 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £556,991

Net assets shrinking

Down £7,626 YoY

Cash YoY

-9%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£318k

↓ 9.4% YoY

Net Worth

£557k

↓ 1.4% YoY

Current Assets

£539k

↑ 13% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£581.0k	£599.4k
Current assets	£538.9k	£476.9k
Cash	£318.2k	£351.3k
Debtors	£216.7k	£121.6k
Net assets	£557.0k	£564.6k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2026-02-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-16
📄
change-person-director-company-with-change-date
officers · CH01
2025-10-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-23
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-10-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-16
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-30
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-07-30
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-24
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-03-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-03
➕
GREAVES, Nicola Karen appointed
director
2023-03-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-17
📄
memorandum-articles
incorporation · MA
2021-02-17
📄
resolution
resolution · RESOLUTIONS
2021-02-17
📄
statement-of-companys-objects
change-of-constitution · CC04
2021-02-17
📄
capital-name-of-class-of-shares
capital · SH08
2021-02-17
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2019-09-30
➕
BARNES, Leslie appointed
secretary
2019-09-30
➖
LARSEN, Shirley Hazel resigned
secretary
2019-03-26
➕
BARNES, Susan appointed
director
2019-03-26
➕
BARNES FINDLAY, Mollie appointed
director
2011-08-30
🔒
Charge registered #2
Lender: National Westminster Bank PLC
1997-05-16
➖
TAYLOR, Glyn resigned
director
1994-12-12
➖
BARNES, Leslie resigned
secretary
1994-12-12
➕
LARSEN, Shirley Hazel appointed
secretary
1993-07-13
🔒
Charge registered #1
Lender: National Westminster Bank PLC
1991-07-01
🏢
Company incorporated
As AIRDUCT LIMITED
1991-07-01
➕
BARNES, Leslie appointed
director
1991-07-01
➕
BARNES, Leslie appointed
secretary
1991-07-01
➕
TAYLOR, Glyn appointed
director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 84 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
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.)

Shareholders & ownership

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Miss Mollie Barnes Findlay Individual · British · DOB 06/1995 · age 31	25–50%	25–50%	25-50% shares · 25-50% voting	26/03/2019
Mr Leslie Barnes Individual · British · DOB 10/1942 · age 84	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mrs Susan Barnes Individual · British · DOB 01/1944 · age 82	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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.

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Company details

Statusactive

Typeltd

Incorporated1991-07-01

Jurisdictionengland-wales

Primary SIC25990 — SIC 25990

Registered office

Raywell Street

Hull

North Humberside

HU2 8EP

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-07-15

Last: 2025-07-01