AIR HANDLERS (NORTHERN) LIMITED
🌳Matureactive
02762764 · ltd · incorporated 1992-11-06
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
£3.64M
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
15 live charges · 7 lenders · oldest 29.2y
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 29.2 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
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
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
20 officers (4 active, 20 linked, 15 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
143 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £3,642,807
Net assets shrinking
Down £484 YoY
Cash YoY
+48%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1.6m
↑ 48% YoY
Net Worth
£3.6m
~ YoY
Current Assets
£3.0m
↑ 8.7% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £3.74M | £3.74M |
| Current assets | £2.99M | £2.75M |
| Cash | £1.60M | £1.08M |
| Debtors | £764.7k | £1.01M |
| Net assets | £3.64M | £3.64M |
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 (82 events)Click to expand
- 2025-11-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-26➖DUNLEAVY, Stephen resigneddirector
- 2024-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-15➖MENDES NUNES BEIRAO, Filipe resigneddirector
- 2023-08-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-15➕DUNLEAVY, Stephen appointeddirector
- 2023-05-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-27➕COYLE, Dawn Ann appointeddirector
- 2023-03-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-15➖ROBERTS, David James resigneddirector
- 2022-12-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-11-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-09➕SOUTH, David Norman appointeddirector
- 2021-10-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-10-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-10-17🔓Charge satisfied #13
- 2018-10-17🔓Charge satisfied #12
- 2018-10-17🔓Charge satisfied #9
- 2015-08-14➕COYLE, Dawn Ann appointedsecretary
- 2015-08-14➕HIGGITT, Mark Gerard William appointeddirector
- 2015-08-14➕MENDES NUNES BEIRAO, Filipe appointeddirector
- 2015-08-14➖PINCHBECK, Brian resigneddirector
- 2015-08-14➕ROBERTS, David James appointeddirector
- 2014-06-17➖WILLIAMS, Cecilia Sarah resignedsecretary
- 2014-06-17➖WILLIAMS, Cecilia Sarah resigneddirector
- 2014-04-07🔒Charge registered #14Lender: Lloyds Bank PLC
- 2014-03-26🔒Charge registered #15Lender: Lloyds Bank PLC
- 2013-12-17🔓Charge satisfied #11
- 2013-12-17🔓Charge satisfied #10
- 2012-11-15🔒Charge registered #13Lender: Aldermore Invoice Finance, a Division of Aldermore Bank PLC
- 2012-09-13🔒Charge registered #12Lender: Hsbc Bank PLC
- 2012-03-23🔓Charge satisfied #7
- 2011-12-12🔒Charge registered #11Lender: Hsbc Bank PLC
- 2011-11-29🔒Charge registered #10Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
- 2011-01-19🔒Charge registered #9Lender: Hsbc Bank PLC
- 2010-12-31➖HOWARTH, John resigneddirector
- 2010-09-27➕WILLIAMS, Cecilia Sarah appointeddirector
- 2010-09-13➖CLAYTON, David resigneddirector
- 2010-09-13➖PINCHBECK, Alexander James resigneddirector
- 2010-09-13➖PINCHBECK, Andrew David resigneddirector
- 2010-08-31➕HOWARTH, John appointeddirector
- 2010-08-31➕PINCHBECK, Brian appointeddirector
Showing most recent 50 of 82 events
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryStable-but-static management: Company is 34 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Martin Pinchbeck Individual · British · DOB 01/1945 · age 81 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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
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|---|---|---|---|---|---|---|---|
| A & K ENGINEERING SERVICES LTD→ 04521123 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| AG7 CONSTRUCT LTD→ 14557034 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AHOJAS LTD→ 16751443 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AI ENGINEERING & CONSULTANCY LTD→ 16346642 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AIR DRYER TECHNOLOGY LIMITED→ 05407003 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| AIR HANDLING COMPONENTS LIMITED→ 03530440 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| AIRFLOW MEASUREMENTS LIMITED→ 01111677 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
| AIRTEK LIMITED→ 06245025 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| AJ ENGINEERING SERVICES LIMITED→ 05157754 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| AJOTO LIMITED→ 07639134 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| AK LCD REPAIR LTD→ 15807347 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AKARIL (UK) LTD→ 15362280 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1992-11-06
Jurisdictionengland-wales
Primary SIC25990 — SIC 25990
Registered office
Alfred Procter House
Bute Street
Salford
Lancashire
M50 1DU
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06
Officers (4 active · 16 resigned)
Active
COYLE, Dawn Ann→
Activedirector · ~49y · appointed 2023-04-27
View their other companies + combined net worth →
HIGGITT, Mark Gerard William→
Activedirector · ~48y · appointed 2015-08-14
View their other companies + combined net worth →
SOUTH, David Norman→
Activedirector · ~40y · appointed 2022-11-09
View their other companies + combined net worth →
PINCHBECK, Barbara Edna→
Resignedsecretary · appointed 1992-11-06 · resigned 2006-10-27
WILLIAMS, Cecilia Sarah→
Resignedsecretary · appointed 2006-10-27 · resigned 2014-06-17
BRITANNIA COMPANY FORMATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-11-06 · resigned 1992-11-06
CLAYTON, David→
Resigneddirector · ~69y · appointed 1992-12-21 · resigned 2010-09-13
DUNLEAVY, Stephen→
Resigneddirector · ~43y · appointed 2023-05-15 · resigned 2024-10-26
HOWARTH, John→
Resigneddirector · ~78y · appointed 2010-08-31 · resigned 2010-12-31
MENDES NUNES BEIRAO, Filipe→
Resigneddirector · ~52y · appointed 2015-08-14 · resigned 2024-03-15
PINCHBECK, Alexander James→
Resigneddirector · ~53y · appointed 2006-10-27 · resigned 2010-09-13
PINCHBECK, Andrew David→
Resigneddirector · ~56y · appointed 1996-10-15 · resigned 2010-09-13
PINCHBECK, Andrew David→
Resigneddirector · ~56y · appointed 1992-11-06 · resigned 1992-12-21
PINCHBECK, Brian→
Resigneddirector · ~64y · appointed 2010-08-31 · resigned 2015-08-14
PINCHBECK, Brian→
Resigneddirector · ~64y · appointed 1998-11-24 · resigned 2007-09-30
PINCHBECK, David Martin→
Resigneddirector · ~81y · appointed 1992-11-06 · resigned 2008-03-31
ROBERTS, David James→
Resigneddirector · ~73y · appointed 2015-08-14 · resigned 2022-12-15
WILLIAMS, Cecilia Sarah→
Resigneddirector · ~71y · appointed 2010-09-27 · resigned 2014-06-17
DEANSGATE COMPANY FORMATIONS LIMITED→
Resignedcorporate-nominee-director · appointed 1992-11-06 · resigned 1992-11-06
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
2
Outstanding
1
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 07/04/2014 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 26/03/2014 | — | |
| satisfied | Aldermore Aldermore Invoice Finance, a Division of Aldermore Bank PLC | Debenture | 1 property | 15/11/2012 | 17/10/2018 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 2 properties | 13/09/2012 | 17/10/2018 | |
| satisfied | HSBC Hsbc Bank PLC | Legal assignment | 1 property | 12/12/2011 | 17/12/2013 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) LTD ("the Security Holder") | Fixed charge on non-vesting debts and floating charge | 1 property | 29/11/2011 | 17/12/2013 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 19/01/2011 | 17/10/2018 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 23/10/2003 | 10/06/2009 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 23/10/2003 | 23/03/2012 | |
| satisfied | Northern Rock Northern Rock PLC | Charge deed | 2 properties | 17/09/2001 | 10/01/2004 | |
| satisfied | Norther Rock Norther Rock PLC | Charge | 1 property | 22/06/2001 | 10/01/2004 | |
| satisfied | Northern Rock Northern Rock PLC | Mortgage debenture | 1 property | 08/02/1999 | 01/09/2006 | |
| satisfied | Northern Rock Northern Rock PLC | Legal charge | 1 property | 08/02/1999 | 01/09/2006 | |
| satisfied | Midland Bank Midland Bank PLC | Legal mortgage | 1 property | 28/08/1998 | 01/09/2006 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 07/03/1997 | 01/09/2006 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (143 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-22
termination-director-company-with-name-termination-date
officers · TM01
2024-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
termination-director-company-with-name-termination-date
officers · TM01
2024-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-04
appoint-person-director-company-with-name-date
officers · AP01
2023-05-15
appoint-person-director-company-with-name-date
officers · AP01
2023-05-11
appoint-person-director-company-with-name-date
officers · AP01
2023-03-20
termination-director-company-with-name-termination-date
officers · TM01
2022-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-18