AQUA-HEAT LIMITED

🌳Matureactive
02964201 · ltd · incorporated 1994-09-01
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 24.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£1.06M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 24.7y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 24.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
94 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
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 £1,057,808
Net assets shrinking
Down £55,609 YoY
Cash YoY
-9%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£338k
↓ 8.5% YoY
Net Worth
£1.1m
↓ 5.0% YoY
Current Assets
£1.2m
↓ 3.6% YoY
Current Liabilities
—
£0£256k£511k£767k£1.0m£1.3mJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£1.06M£1.11M
Current assets£1.23M£1.28M
Cash£337.5k£369.1k
Debtors£344.4k£396.3k
Net assets£1.06M£1.11M

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 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-04-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2022-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-09-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2020-09-15
    🔓
    Charge satisfied #1
  11. 2020-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-11-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-11-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-05-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-09-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2018-09-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2005-03-01
    ➕
    POWELL, Tracy Jane appointed
    secretary
  19. 2005-03-01
    ➕
    POWELL, Tracy Jane appointed
    director
  20. 2005-03-01
    ➖
    POWELL, Tracy Jane resigned
    director
  21. 2005-02-28
    ➖
    POWELL-STEANE, Beverley Heather resigned
    secretary
  22. 2005-02-28
    ➖
    POWELL-STEANE, Beverley Heather resigned
    director
  23. 2001-10-19
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Bank PLC
  24. 1995-08-29
    ➖
    POWELL, Michael Thomas resigned
    director
  25. 1994-09-01
    🏢
    Company incorporated
    As AQUA-HEAT LIMITED
  26. 1994-09-01
    ➕
    POWELL, Nigel Patrick appointed
    director
  27. 1994-09-01
    ➕
    POWELL-STEANE, Beverley Heather appointed
    secretary
  28. 1994-09-01
    ➕
    FIRST SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  29. 1994-09-01
    ➖
    FIRST SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  30. 1994-09-01
    ➕
    POWELL, Michael Thomas appointed
    director
  31. 1994-09-01
    ➕
    POWELL, Tracy Jane appointed
    director
  32. 1994-09-01
    ➕
    POWELL-STEANE, Beverley Heather appointed
    director

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 32 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Tracy Jane Powell
Individual · British · DOB 02/1961 · age 65
25–50%
—25-50% shares31/08/2018
Mr Nigel Patrick Powell
Individual · British · DOB 03/1962 · age 64
25–50%
—25-50% shares06/04/2016

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1994-09-01
Jurisdictionengland-wales
Primary SIC46740 — SIC 46740

Registered office

Unit 1 Faraday Road
Hereford
HR4 9NU
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01

Officers (3 active · 5 resigned)

POWELL, Tracy Jane→
secretary · appointed 2005-03-01
View their other companies + combined net worth →
Active
POWELL, Nigel Patrick→
director · ~64y · appointed 1994-09-01
View their other companies + combined net worth →
Active
POWELL, Tracy Jane→
director · ~65y · appointed 2005-03-01
View their other companies + combined net worth →
Active
POWELL-STEANE, Beverley Heather→
secretary · appointed 1994-09-01 · resigned 2005-02-28
Resigned
FIRST SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1994-09-01 · resigned 1994-09-01
Resigned
POWELL, Michael Thomas→
director · ~80y · appointed 1994-09-01 · resigned 1995-08-29
Resigned
POWELL, Tracy Jane→
director · ~65y · appointed 1994-09-01 · resigned 2005-03-01
Resigned
POWELL-STEANE, Beverley Heather→
director · ~68y · appointed 1994-09-01 · resigned 2005-02-28
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
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property19/10/200115/09/2020

Recent filings (94 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-15
mortgage-satisfy-charge-full
mortgage · MR04
2020-09-15