AQUASPEC LIMITED

💤Zombieactive
03068442 · ltd · incorporated 1995-06-14
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 Jun 2025
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: SIC 46520
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (65/100, director aged 63). Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

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
Confirmed no charges registered
85
Directors & officers
10 officers (2 active, 10 linked, 5 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
91 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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£0Jun 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

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 address
Last 90 days
1
filing
  • 1 address
Last 180 days
2
filings
  • 1 address
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-06-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-01-16
    📄
    capital-allotment-shares
    capital · SH01
  6. 2023-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-03-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2020-03-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2019-04-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-03-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-06-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-03-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2002-01-01
    BICKET, Katharine Phoebe appointed
    secretary
  18. 2002-01-01
    BICKET, Robert Morris appointed
    director
  19. 2002-01-01
    BICKET, Henry Brussel resigned
    secretary
  20. 2002-01-01
    BICKET, Henry Brussel resigned
    director
  21. 2002-01-01
    HAYWARD, Lindsay Dawson resigned
    director
  22. 1999-10-22
    BICKET, Henry Brussel appointed
    secretary
  23. 1999-10-21
    FITZGERALD, Anthony Colman resigned
    secretary
  24. 1999-10-21
    HAYWARD, Lindsay Dawson appointed
    director
  25. 1997-12-05
    FITZGERALD, Anthony Colman appointed
    secretary
  26. 1997-12-05
    HOWSON, Jonathan Peter Montagu resigned
    secretary
  27. 1997-12-05
    HOWSON, Jonathan Peter Montagu resigned
    director
  28. 1996-03-14
    HOWSON, Jonathan Peter Montagu appointed
    secretary
  29. 1996-03-14
    LAWGRAM SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  30. 1995-08-16
    BICKET, Henry Brussel appointed
    director
  31. 1995-08-16
    CUNNINGHAM, Tracy Ann resigned
    nominee-director
  32. 1995-08-16
    HOWSON, Jonathan Peter Montagu appointed
    director
  33. 1995-06-14
    🏢
    Company incorporated
    As AQUASPEC LIMITED
  34. 1995-06-14
    LAWGRAM SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  35. 1995-06-14
    CUNNINGHAM, Tracy Ann appointed
    nominee-director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

90/100
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 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-28

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Robert Morris Bicket
Individual · British · DOB 08/1963 · age 63
75100%
75–100%75-100% shares · 75-100% voting01/07/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1995-06-14
Jurisdictionengland-wales
Primary SIC46520 — SIC 46520

Registered office

Lisle Court Farmhouse
Lisle Court Road
Lymington
SO41 5SH
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-28OVERDUE
Last: 2025-06-14

Officers (2 active · 8 resigned)

BICKET, Katharine Phoebe
secretary · appointed 2002-01-01
View their other companies + combined net worth →
Active
BICKET, Robert Morris
director · ~63y · appointed 2002-01-01
View their other companies + combined net worth →
Active
BICKET, Henry Brussel
secretary · appointed 1999-10-22 · resigned 2002-01-01
Resigned
FITZGERALD, Anthony Colman
secretary · appointed 1997-12-05 · resigned 1999-10-21
Resigned
HOWSON, Jonathan Peter Montagu
secretary · appointed 1996-03-14 · resigned 1997-12-05
Resigned
LAWGRAM SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1995-06-14 · resigned 1996-03-14
Resigned
BICKET, Henry Brussel
director · ~104y · appointed 1995-08-16 · resigned 2002-01-01
Resigned
CUNNINGHAM, Tracy Ann
nominee-director · ~57y · appointed 1995-06-14 · resigned 1995-08-16
Resigned
HAYWARD, Lindsay Dawson
director · ~97y · appointed 1999-10-21 · resigned 2002-01-01
Resigned
HOWSON, Jonathan Peter Montagu
director · ~67y · appointed 1995-08-16 · resigned 1997-12-05
Resigned

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

Recent filings (91 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-27
capital-allotment-shares
capital · SH01
2024-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-25