AQUASEAL RUBBER LIMITED

🌳Matureactive
02681117 · ltd · incorporated 1992-01-27
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£896.4k
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 22190
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 26.7y

30/100
under pressure

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

  • · Oldest live charge is 26.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
12 officers (2 active, 12 linked, 9 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
122 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
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 £896,368
Cash YoY
-20%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£331k
↓ 20% YoY
Net Worth
£896k
↑ 25% YoY
Current Assets
£1.2m
↑ 19% YoY
Current Liabilities
—
£0£234k£467k£701k£934k£1.2mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£965.1k£781.2k
Current assets£1.17M£984.0k
Cash£331.2k£413.1k
Debtors£680.4k£482.9k
Net assets£896.4k£714.3k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-04-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-04-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-04-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2024-04-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-04-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-04-11
    ➖
    ALDERSON, David Allan resigned
    director
  10. 2024-04-11
    ➖
    NIGHTINGALE, Alan Edward resigned
    director
  11. 2023-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-08-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2022-08-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-08-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2022-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-03-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  18. 2021-03-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2020-12-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-12-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2020-12-01
    ➕
    ALDERSON, David Allan appointed
    director
  22. 2020-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2020-04-02
    ➖
    BOWLES, Robert Charles Freeman, The Estate Of resigned
    director
  24. 2018-04-01
    ➕
    GRAY, Diane appointed
    director
  25. 2018-04-01
    ➖
    ARMSTRONG, Edward resigned
    director
  26. 2013-07-31
    ➖
    ARMSTRONG, Sylvia Marion resigned
    secretary
  27. 2013-07-31
    ➖
    ARMSTRONG, Sylvia Marion resigned
    director
  28. 2013-07-31
    ➕
    BOWLES, Robert Charles Freeman, The Estate Of appointed
    director
  29. 2013-07-31
    ➕
    NIGHTINGALE, Alan Edward appointed
    director
  30. 2013-07-17
    🔓
    Charge satisfied #1
  31. 2006-08-01
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  32. 2006-04-01
    ➕
    ARMSTRONG, Sylvia Marion appointed
    director
  33. 2006-03-31
    ➖
    ARMSTRONG, Anthony resigned
    director
  34. 2006-03-31
    ➖
    ARMSTRONG, David resigned
    director
  35. 1999-11-15
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  36. 1998-01-31
    ➕
    ARMSTRONG, Jason appointed
    director
  37. 1997-04-01
    ➕
    ARMSTRONG, Anthony appointed
    director
  38. 1997-04-01
    ➕
    ARMSTRONG, David appointed
    director
  39. 1992-02-13
    ➕
    ARMSTRONG, Sylvia Marion appointed
    secretary
  40. 1992-02-13
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  41. 1992-02-13
    ➕
    ARMSTRONG, Edward appointed
    director
  42. 1992-02-13
    ➖
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director
  43. 1992-01-27
    🏢
    Company incorporated
    As AQUASEAL RUBBER LIMITED
  44. 1992-01-27
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  45. 1992-01-27
    ➕
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 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

Aquaseal Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Aquaseal Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
AQUASEAL RUBBER LIMITED
This company · 02681117

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
Aquaseal Group Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting11/04/2024
2 historic (ceased) PSCs
  • Mr Jason Armstrongceased 11/04/2024· 25-50% shares · 25-50% voting
  • Barrier Group Limitedceased 11/04/2024· 25-50% shares · 25-50% voting

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

6 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
Incorporated1992-01-27
Jurisdictionengland-wales
Primary SIC22190 — SIC 22190

Registered office

Unit 6 Benton Business Park
Bellway Industrial Estate, Whitley Road Longbenton
Newcastle Upon Tyne
Tyne & Wear
NE12 9SW

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-10
Last: 2026-01-27

Officers (2 active · 10 resigned)

ARMSTRONG, Jason→
director · ~55y · appointed 1998-01-31
View their other companies + combined net worth →
Active
GRAY, Diane→
director · ~54y · appointed 2018-04-01
View their other companies + combined net worth →
Active
ARMSTRONG, Sylvia Marion→
secretary · appointed 1992-02-13 · resigned 2013-07-31
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1992-01-27 · resigned 1992-02-13
Resigned
ALDERSON, David Allan→
director · ~61y · appointed 2020-12-01 · resigned 2024-04-11
Resigned
ARMSTRONG, Anthony→
director · ~61y · appointed 1997-04-01 · resigned 2006-03-31
Resigned
ARMSTRONG, David→
director · ~63y · appointed 1997-04-01 · resigned 2006-03-31
Resigned
ARMSTRONG, Edward→
director · ~85y · appointed 1992-02-13 · resigned 2018-04-01
Resigned
ARMSTRONG, Sylvia Marion→
director · ~85y · appointed 2006-04-01 · resigned 2013-07-31
Resigned
BOWLES, Robert Charles Freeman, The Estate Of→
director · ~74y · appointed 2013-07-31 · resigned 2020-04-02
Resigned
NIGHTINGALE, Alan Edward→
director · ~64y · appointed 2013-07-31 · resigned 2024-04-11
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 1992-01-27 · resigned 1992-02-13
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
Debenture1 property01/08/2006—
satisfied
Barclays
Barclays Bank PLC
Debenture1 property15/11/199917/07/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (122 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
termination-director-company-with-name-termination-date
officers · TM01
2024-04-19
termination-director-company-with-name-termination-date
officers · TM01
2024-04-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-06
change-person-director-company-with-change-date
officers · CH01
2022-08-10
change-person-director-company-with-change-date
officers · CH01
2022-08-10