AIRXCITE LIMITED

💤Zombieactive
03487563 · ltd · incorporated 1997-12-31
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 Sept 2024
Net worth
£-1.95M
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -45% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 20.0y

45/100
under pressure

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

  • · Oldest live charge is 20.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
10 officers (1 active, 10 linked, 5 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
85 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
Negative net assets
Liabilities exceed assets by £1,952,791
Cash draining
Cash down 45% YoY
Cash YoY
-45%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.5m
↓ 45% YoY
Net Worth
-£2.0m
↓ 22% YoY
Current Assets
£3.2m
↓ 24% YoY
Current Liabilities
—
-£2.0m-£725k£503k£1.7m£3.0m£4.2mSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£-1.95M£-1.60M
Current assets£3.18M£4.19M
Cash£1.52M£2.78M
Debtors£1.49M£1.22M
Net assets£-1.95M£-1.60M

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
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-06-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-06-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-06-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-06-24
    ➖
    JONES, Matthew Edward resigned
    director
  5. 2023-05-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-11-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-11-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-05-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-08-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2020-09-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-04-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-12-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2018-12-01
    ➕
    JONES, Matthew Edward appointed
    director
  14. 2018-06-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2017-06-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2017-04-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2017-04-04
    🔓
    Charge satisfied #1
  18. 2016-06-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2013-08-01
    ➖
    KARLSTROM, Kenneth Roland resigned
    secretary
  20. 2013-07-23
    ➖
    SOMMERS, Jeffrey resigned
    director
  21. 2009-02-06
    ➖
    HARDIE, Alex James resigned
    director
  22. 2008-05-29
    ➖
    BROCKWAY, Damian Paul resigned
    director
  23. 2008-02-13
    ➕
    HARDIE, Alex James appointed
    director
  24. 2008-02-13
    ➕
    SOMMERS, Jeffrey appointed
    director
  25. 2006-06-06
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  26. 2003-02-14
    ➕
    KARLSTROM, Kenneth Roland appointed
    secretary
  27. 2003-02-14
    ➖
    GLOBAL SECRETARIAL SERVICES LIMITED resigned
    corporate-secretary
  28. 2003-02-12
    ➕
    BROCKWAY, Damian Paul appointed
    director
  29. 2000-10-21
    ➕
    GLOBAL SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  30. 2000-10-01
    ➖
    KARLSTROM, Shilpa resigned
    secretary
  31. 1998-01-26
    ➕
    KARLSTROM, Kenneth Roland appointed
    director
  32. 1998-01-26
    ➕
    KARLSTROM, Shilpa appointed
    secretary
  33. 1998-01-26
    ➖
    BRITANNIA COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-secretary
  34. 1998-01-26
    ➖
    DEANSGATE COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-director
  35. 1997-12-31
    🏢
    Company incorporated
    As AIRXCITE LIMITED
  36. 1997-12-31
    ➕
    BRITANNIA COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-secretary
  37. 1997-12-31
    ➕
    DEANSGATE COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-director

Owner dependency

100/100
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 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

100/100
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 73 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Roland Karlstrom
Individual · Swedish · DOB 09/1953 · age 73
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

Active · Leisure & entertainment · TF postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BRIGHTSTAR BOXING ACADEMY LTD→
11297921 · est 2018 · no financials extracted
————8y——
BUILDWAS LEISURE LIMITED→
04787992 · est 2003 · no financials extracted
————22y——
C. STILL LIMITED→
04910037 · est 2003 · no financials extracted
————22y——
CAN MANAGEMENT LIMITED→
08060986 · est 2012 · no financials extracted
————13y——
CARP FISHERS ABROAD LIMITED→
09436229 · est 2015 · no financials extracted
————11y——
CEG BROSELEY LTD→
14067201 · est 2022 · no financials extracted
————3y——
CLAY & COUNTRY LTD→
16903921 · est 2025 · no financials extracted
———————
COALITION PRESENTS LIMITED→
05426067 · est 2005 · no financials extracted
————21y——
D FITNESS UK LTD→
13695532 · est 2021 · no financials extracted
————4y——
D'VYBE LTD→
15341578 · est 2023 · no financials extracted
————2y——
DAISY HUGHES LTD→
16845310 · est 2025 · no financials extracted
———————
DAVID BISHOP TRAVEL COUNSELLOR LTD→
11114930 · est 2017 · no financials extracted
————8y——
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
Incorporated1997-12-31
Jurisdictionengland-wales
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

Jesson House Stafford Court
Stafford Park 1
Telford
Shropshire
TF3 3BD

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30

Officers (1 active · 9 resigned)

KARLSTROM, Kenneth Roland→
director · ~73y · appointed 1998-01-26
View their other companies + combined net worth →
Active
KARLSTROM, Kenneth Roland→
secretary · appointed 2003-02-14 · resigned 2013-08-01
Resigned
KARLSTROM, Shilpa→
secretary · appointed 1998-01-26 · resigned 2000-10-01
Resigned
BRITANNIA COMPANY FORMATIONS LIMITED→
corporate-nominee-secretary · appointed 1997-12-31 · resigned 1998-01-26
Resigned
GLOBAL SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2000-10-21 · resigned 2003-02-14
Resigned
BROCKWAY, Damian Paul→
director · ~58y · appointed 2003-02-12 · resigned 2008-05-29
Resigned
HARDIE, Alex James→
director · ~46y · appointed 2008-02-13 · resigned 2009-02-06
Resigned
JONES, Matthew Edward→
director · ~47y · appointed 2018-12-01 · resigned 2024-06-24
Resigned
SOMMERS, Jeffrey→
director · ~60y · appointed 2008-02-13 · resigned 2013-07-23
Resigned
DEANSGATE COMPANY FORMATIONS LIMITED→
corporate-nominee-director · appointed 1997-12-31 · resigned 1998-01-26
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
Barclays
Barclays Bank PLC
Deed of charge over credit balances1 property06/06/200604/04/2017

Recent filings (85 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-26
termination-director-company-with-name-termination-date
officers · TM01
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-16
change-person-director-company-with-change-date
officers · CH01
2022-11-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-09-21