AQUEOUS (FITTED BATHROOMS) II LIMITED

💤Zombieactive
03696959 · ltd · incorporated 1999-01-18
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 Mar 2025
Net worth
£836
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -55% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
9 officers (2 active, 9 linked, 4 with DOB)
79
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £836
Net assets shrinking
Down £18,847 YoY
Cash draining
Cash down 55% YoY
Cash YoY
-55%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 55% YoY
Net Worth
£836
↓ 96% YoY
Current Assets
£1k
↓ 96% YoY
Current Liabilities
—
£0£6k£13k£19k£25k£32kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£836£19.7k
Current assets£1.4k£31.6k
Cash£1.4k£3.0k
Debtors—£28.6k
Net assets£836£19.7k

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 (32 events)Click to expand
  1. 2025-11-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-25
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  4. 2023-12-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2023-12-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2023-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-04-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2019-04-05
    ➖
    AUSTIN, Lorna Catherine resigned
    director
  13. 2018-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-09-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-01-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2011-02-03
    ➕
    AUSTIN, Lorna Catherine appointed
    secretary
  18. 2011-02-03
    ➖
    HURLEY, Brett Alexander resigned
    secretary
  19. 2011-02-03
    ➕
    AUSTIN, Lorna Catherine appointed
    director
  20. 2011-02-03
    ➖
    HURLEY, Brett Alexander resigned
    director
  21. 2006-05-09
    ➕
    HURLEY, Brett Alexander appointed
    secretary
  22. 2006-05-09
    ➖
    MORLEY, Kevin Leslie resigned
    secretary
  23. 2006-05-09
    ➖
    MORLEY, Kevin Leslie resigned
    director
  24. 1999-01-18
    🏢
    Company incorporated
    As AQUEOUS (FITTED BATHROOMS) II LIMITED
  25. 1999-01-18
    ➕
    AUSTIN, Leslie Trevor appointed
    director
  26. 1999-01-18
    ➕
    MORLEY, Kevin Leslie appointed
    secretary
  27. 1999-01-18
    ➕
    THE OXFORD SECRETARIAT LIMITED appointed
    corporate-secretary
  28. 1999-01-18
    ➖
    THE OXFORD SECRETARIAT LIMITED resigned
    corporate-secretary
  29. 1999-01-18
    ➕
    HURLEY, Brett Alexander appointed
    director
  30. 1999-01-18
    ➕
    MORLEY, Kevin Leslie appointed
    director
  31. 1999-01-18
    ➕
    OXFORD FORMATIONS LIMITED appointed
    corporate-director
  32. 1999-01-18
    ➖
    OXFORD FORMATIONS LIMITED resigned
    corporate-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 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

95/100
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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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 Lorna Catherine Austin
Individual · British · DOB 04/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting01/12/2023
Mr Leslie Trevor Austin
Individual · English · DOB 10/1961 · age 65
25–50%
25–50%board control25-50% shares · 25-50% 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 →

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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
Incorporated1999-01-18
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

46/48 Bell Street
Princes Risborough
Buckinghamshire
HP27 0AD

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-29
Last: 2025-12-15

Officers (2 active · 7 resigned)

AUSTIN, Lorna Catherine→
secretary · appointed 2011-02-03
View their other companies + combined net worth →
Active
AUSTIN, Leslie Trevor→
director · ~65y · appointed 1999-01-18
View their other companies + combined net worth →
Active
HURLEY, Brett Alexander→
secretary · appointed 2006-05-09 · resigned 2011-02-03
Resigned
MORLEY, Kevin Leslie→
secretary · appointed 1999-01-18 · resigned 2006-05-09
Resigned
THE OXFORD SECRETARIAT LIMITED→
corporate-secretary · appointed 1999-01-18 · resigned 1999-01-18
Resigned
AUSTIN, Lorna Catherine→
director · ~62y · appointed 2011-02-03 · resigned 2019-04-05
Resigned
HURLEY, Brett Alexander→
director · ~56y · appointed 1999-01-18 · resigned 2011-02-03
Resigned
MORLEY, Kevin Leslie→
director · ~65y · appointed 1999-01-18 · resigned 2006-05-09
Resigned
OXFORD FORMATIONS LIMITED→
corporate-director · appointed 1999-01-18 · resigned 1999-01-18
Resigned

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

Recent filings (74 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
change-account-reference-date-company-previous-extended
accounts · AA01
2024-04-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-24