AQUALINE MARINE LIMITED

💤Zombieactive
04544308 · ltd · incorporated 2002-09-25
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 Dec 2024
Net worth
£270.3k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 30120
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 57). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 20.4y

30/100
under pressure

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

  • · Oldest live charge is 20.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
86 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
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 £270,333
Net assets shrinking
Down £441,330 YoY
Cash YoY
+2%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£200k
↑ 2.1% YoY
Net Worth
£270k
↓ 62% YoY
Current Assets
£868k
↓ 35% YoY
Current Liabilities
—
£0£269k£538k£807k£1.1m£1.3mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£270.3k£711.7k
Current assets£867.8k£1.34M
Cash£199.5k£195.5k
Debtors£668.2k£945.9k
Net assets£270.3k£711.7k

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 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-10-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-09-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-11-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-09-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2013-09-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-01-21
    🔓
    Charge satisfied #3
  17. 2013-01-21
    🔓
    Charge satisfied #2
  18. 2012-09-18
    ➖
    BERRIDGE, Christopher Thomas resigned
    director
  19. 2012-04-26
    ➖
    HILL, Christopher Roger resigned
    director
  20. 2011-01-31
    🔒
    Charge registered #3
    Lender: Royscot Larch LTD
  21. 2010-02-05
    🔒
    Charge registered #2
    Lender: Royscot Larch LTD
  22. 2008-11-11
    ➖
    BERRIDGE, Jane Wesley resigned
    secretary
  23. 2008-06-18
    ➕
    BERRIDGE, Jane Wesley appointed
    secretary
  24. 2008-06-18
    ➖
    HILL, Gemma Victoria resigned
    secretary
  25. 2006-01-09
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  26. 2003-11-06
    ➕
    CORKER, Jonathan appointed
    director
  27. 2003-11-06
    ➕
    BERRIDGE, Christopher Thomas appointed
    director
  28. 2002-09-25
    🏢
    Company incorporated
    As AQUALINE MARINE LIMITED
  29. 2002-09-25
    ➕
    HILL, Gemma Victoria appointed
    secretary
  30. 2002-09-25
    ➕
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  31. 2002-09-25
    ➖
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  32. 2002-09-25
    ➕
    HILL, Christopher Roger appointed
    director
  33. 2002-09-25
    ➕
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  34. 2002-09-25
    ➖
    WATERLOW NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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 23 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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 Jonathan Corker
Individual · British · DOB 04/1969 · age 57
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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AG SURFACE REPAIR SPECIALIST LTD→
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ALUMNI SPORT LTD→
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13988226 · est 2022 · no financials extracted
————4y——
ANGLO EUROPEAN PALLETS LTD→
03488117 · est 1998 · no financials extracted
————28y——
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05537717 · est 2005 · no financials extracted
————20y——
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06569628 · est 2008 · no financials extracted
————18y——
ANKERDINE MACHINERY LIMITED→
14724780 · est 2023 · no financials extracted
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APPLIED THOUGHTS LTD.→
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AQUATHERAPY LTD→
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———————
AQUATHERM HEAT TRANSFER LIMITED→
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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
Incorporated2002-09-25
Jurisdictionengland-wales
Primary SIC30120 — SIC 30120

Registered office

C/O NEW BOAT CO
Hanbury Wharf Hanbury Road
Droitwich
Worcestershire
WR9 7DU

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-06
Last: 2025-08-23

Officers (1 active · 6 resigned)

CORKER, Jonathan→
director · ~57y · appointed 2003-11-06
View their other companies + combined net worth →
Active
BERRIDGE, Jane Wesley→
secretary · appointed 2008-06-18 · resigned 2008-11-11
Resigned
HILL, Gemma Victoria→
secretary · appointed 2002-09-25 · resigned 2008-06-18
Resigned
WATERLOW SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-09-25 · resigned 2002-09-25
Resigned
BERRIDGE, Christopher Thomas→
director · ~67y · appointed 2003-11-06 · resigned 2012-09-18
Resigned
HILL, Christopher Roger→
director · ~56y · appointed 2002-09-25 · resigned 2012-04-26
Resigned
WATERLOW NOMINEES LIMITED→
corporate-nominee-director · appointed 2002-09-25 · resigned 2002-09-25
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Royscot Larch
Royscot Larch LTD
Marine mortgage1 property31/01/201121/01/2013
satisfied
Royscot Larch
Royscot Larch LTD
Marine mortgage1 property05/02/201021/01/2013
outstanding
Barclays
Barclays Bank PLC
Debenture1 property09/01/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (86 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-29