AIRCONCO (UK) LIMITED

🌳Matureactive

03523705 · ltd · incorporated 1998-03-09

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£831.5k

book net assets

Opportunity

70/100

Strong

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What this business does

Primary activity: SIC 35300

Sector: Electricity, gas & energy

Investor take

Special-situation opportunity

Distressed energy with salvageable qualities — special-situations priority.

Opportunity 70/100 (strong), bankability 42/100. Strong seller-intent signal (63/100, director aged 73). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 28.0y

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 28.0 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 55/100 (high).

Data confidence

Overall: high (82/100)

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

12 officers (3 active, 12 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

13 connected companies via shared directors

Filing history

111 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £831,507

Cash YoY

+189%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£45k

↑ 189% YoY

Net Worth

£832k

↑ 10% YoY

Current Assets

£767k

↑ 41% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Total assets	£853.4k	£776.8k
Current assets	£766.6k	£543.5k
Cash	£44.7k	£15.5k
Debtors	£436.4k	£160.6k
Net assets	£831.5k	£754.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (50 events)Click to expand

2025-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-19
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-17
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-17
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-15
📄
change-person-director-company-with-change-date
officers · CH01
2023-05-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-04-28
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-04-23
➖
LAKE, Stuart resigned
secretary
2023-04-23
➖
LAKE, Stuart resigned
director
2023-01-13
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-03
📄
capital-allotment-shares
capital · SH01
2021-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-03
📄
change-person-director-company-with-change-date
officers · CH01
2020-12-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-07-22
🔓
Charge satisfied #4
2020-07-22
🔓
Charge satisfied #3
2016-01-14
🔓
Charge satisfied #5
2013-12-20
🔒
Charge registered #6
Lender: Barclays Bank PLC
2013-11-14
🔓
Charge satisfied #1
2013-11-11
🔒
Charge registered #5
Lender: Barclays Bank PLC
2010-05-09
➕
SALMON, Richard appointed
director
2009-11-20
➖
COHEN, Andrew Abraham resigned
secretary
2009-11-20
➕
LAKE, Stuart appointed
secretary
2009-11-20
➖
COHEN, Andrew Abraham resigned
director
2008-04-28
➖
COWAN, Jeremy Lawrence resigned
director
2005-09-08
➕
WOODWARD, Gary John appointed
director
2005-03-10
➕
COHEN, Andrew Abraham appointed
secretary
2004-12-10
➖
JAGTIANI, Anil resigned
secretary
2004-04-02
➕
LAKE, Stuart appointed
director
2004-04-01
➕
COWAN, Jeremy Lawrence appointed
director
2003-02-25
🔒
Charge registered #4
Lender: Coutts & Company
2003-01-28
🔒
Charge registered #3
Lender: Coutts & Company
2001-12-19
➕
COHEN, Andrew Abraham appointed
director
2000-12-08
➕
JAGTIANI, Anil appointed
secretary
2000-12-08
➖
LAKE, Stuart resigned
secretary
1998-04-30
🔒
Charge registered #1
Lender: Royscot Trust PLC,Royscot Leasing Limited, Royscot Industrial Leasing Limited, Royscot Commercial Leasing Limited& Royscot Spa Leasing Limited
1998-04-24
🔒
Charge registered #2
Lender: Coutts & Company
1998-03-09
🏢
Company incorporated
As AIRCONCO (UK) LIMITED
1998-03-09
➕
SALMON, Jeffrey Stuart appointed
director
1998-03-09
➕
LAKE, Stuart appointed
secretary
1998-03-09
➕
TEMPLE SECRETARIES LIMITED appointed
corporate-nominee-secretary
1998-03-09
➖
TEMPLE SECRETARIES LIMITED resigned
corporate-nominee-secretary
1998-03-09
➕
COMPANY DIRECTORS LIMITED appointed
corporate-nominee-director
1998-03-09
➖
COMPANY DIRECTORS LIMITED resigned
corporate-nominee-director

Owner dependency

83/100

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

+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.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 70+: Senior director is approximately 73 years old. Natural succession window is now.
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

2 med · 1 low

Has insolvency history

medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Jeffrey Stuart Salmon Individual · British · DOB 05/1953 · age 73	75–100%	75–100%	75-100% shares · 75-100% voting	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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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ABC WASTE REMOVAL LTD→ 15606940 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ACCURATE AIR-CONDITIONING LIMITED→ 06095770 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
ACI INDUSTRIES COMPANY UK LIMITED→ 05605145 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
ACTIVE HEAT LTD→ 17047168 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ADAM REMOVALS LTD→ 11309612 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
AIR CLIMA-COMFORT LTD→ 14425120 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
AIR CONDITIONING ADVANCE LIMITED→ 14451020 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ALEX AND VANS LTD→ 12260139 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ALPHA INTERMEDIARY INTERNATIONAL LIMITED→ 14498365 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
AM FAST CONSTRUCTION LTD→ 16458765 · est 2025 · no financials extracted	—	—	—	—	—	—	—
APEX WASTE REMOVAL LTD→ 16842870 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AQUA CONSILIUM GROUP LIMITED→ 11166017 · est 2018 · 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

Incorporated1998-03-09

Jurisdictionengland-wales

Primary SIC35300 — SIC 35300

Registered office

Unit 2 Bittacy Business Centre

Bittacy Hill

Mill Hill East

London

NW7 1BA

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-05-13

Last: 2026-04-29

Officers (3 active · 9 resigned)

SALMON, Jeffrey Stuart→

director · ~73y · appointed 1998-03-09

View their other companies + combined net worth →

Active

SALMON, Richard→

director · ~41y · appointed 2010-05-09

View their other companies + combined net worth →

Active

WOODWARD, Gary John→

director · ~55y · appointed 2005-09-08

View their other companies + combined net worth →

Active

COHEN, Andrew Abraham→

secretary · appointed 2005-03-10 · resigned 2009-11-20

Resigned

JAGTIANI, Anil→

secretary · appointed 2000-12-08 · resigned 2004-12-10

Resigned

LAKE, Stuart→

secretary · appointed 2009-11-20 · resigned 2023-04-23

Resigned

LAKE, Stuart→

secretary · appointed 1998-03-09 · resigned 2000-12-08

Resigned

TEMPLE SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 1998-03-09 · resigned 1998-03-09

Resigned

COHEN, Andrew Abraham→

director · ~81y · appointed 2001-12-19 · resigned 2009-11-20

Resigned

COWAN, Jeremy Lawrence→

director · ~69y · appointed 2004-04-01 · resigned 2008-04-28

Resigned

LAKE, Stuart→

director · ~68y · appointed 2004-04-02 · resigned 2023-04-23

Resigned

COMPANY DIRECTORS LIMITED→

corporate-nominee-director · appointed 1998-03-09 · resigned 1998-03-09

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
outstanding	Barclays Barclays Bank PLC	A registered charge	1 property	20/12/2013	—
satisfied	Barclays Barclays Bank PLC	A registered charge	1 property	11/11/2013	14/01/2016
satisfied	NatWest Group Coutts & Company	Legal mortgage	1 property	25/02/2003	22/07/2020
satisfied	NatWest Group Coutts & Company	Charge over credit balances	1 property	28/01/2003	22/07/2020
satisfied	Royscot Trust ,Royscot Leasing , Royscot Industrial Leasing , Royscot Commercial Leasing & Royscot Spa Leasing Royscot Trust PLC,Royscot Leasing Limited, Royscot Industrial Leasing Limited, Royscot Commercial Leasing Limited& Royscot Spa Leasing Limited	Master agreement	1 property	30/04/1998	14/11/2013
outstanding	NatWest Group Coutts & Company	Mortgage debenture	1 property	24/04/1998	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (111 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-31

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-09-04

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-09-04

change-person-director-company-with-change-date

officers · CH01

2025-06-19

change-person-director-company-with-change-date

officers · CH01

2025-06-17

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-06-17

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-05-07

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-12-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-02

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-12-21

confirmation-statement-with-updates

confirmation-statement · CS01

2023-05-16

change-person-director-company-with-change-date

officers · CH01

2023-05-15

termination-director-company-with-name-termination-date

officers · TM01

2023-05-11

termination-secretary-company-with-name-termination-date

officers · TM02

2023-04-28