AQUASTAN HEATING LIMITED

🌳Matureactive
04573196 · ltd · incorporated 2002-10-25
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£-188.8k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 28990
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 81). 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 (65/100).

🏦

Refinance opportunity

1 live charge · oldest 23.2y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 23.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

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
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
65 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 · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £188,802

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£189k
↓ 1.1% YoY
Current Assets
£400
~ YoY
Current Liabilities
—
-£189k-£151k-£113k-£75k-£37k£400Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£-188.3k£-186.3k
Current assets£400£400
Net assets£-188.8k£-186.8k

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 (24 events)Click to expand
  1. 2025-10-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-07-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-08-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-10-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-08-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2015-12-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-12-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2004-07-01
    ➕
    WHETSTONE, Matthew David appointed
    secretary
  15. 2004-06-11
    ➖
    WHETSTONE, Jane Dorothy resigned
    secretary
  16. 2003-03-21
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  17. 2003-01-27
    ➕
    WHETSTONE, Jane Dorothy appointed
    director
  18. 2003-01-27
    ➕
    WHETSTONE, Stanley appointed
    director
  19. 2003-01-27
    ➕
    WHETSTONE, Jane Dorothy appointed
    secretary
  20. 2003-01-27
    ➖
    ROLLITS COMPANY SECRETARIES LIMITED resigned
    corporate-secretary
  21. 2003-01-27
    ➖
    ROLLITS COMPANY FORMATIONS LIMITED resigned
    corporate-director
  22. 2002-10-25
    🏢
    Company incorporated
    As AQUASTAN HEATING LIMITED
  23. 2002-10-25
    ➕
    ROLLITS COMPANY SECRETARIES LIMITED appointed
    corporate-secretary
  24. 2002-10-25
    ➕
    ROLLITS COMPANY FORMATIONS LIMITED appointed
    corporate-director

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 81 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 81 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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 Stanley Whetstone
Individual · British · DOB 12/1945 · age 81
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.

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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
Incorporated2002-10-25
Jurisdictionengland-wales
Primary SIC28990 — SIC 28990

Registered office

11 Peartree Close
Barlby
Selby
North Yorkshire
YO8 5BT

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-22
Last: 2025-11-08

Officers (3 active · 3 resigned)

WHETSTONE, Matthew David→
secretary · appointed 2004-07-01
View their other companies + combined net worth →
Active
WHETSTONE, Jane Dorothy→
director · ~76y · appointed 2003-01-27
View their other companies + combined net worth →
Active
WHETSTONE, Stanley→
director · ~81y · appointed 2003-01-27
View their other companies + combined net worth →
Active
WHETSTONE, Jane Dorothy→
secretary · appointed 2003-01-27 · resigned 2004-06-11
Resigned
ROLLITS COMPANY SECRETARIES LIMITED→
corporate-secretary · appointed 2002-10-25 · resigned 2003-01-27
Resigned
ROLLITS COMPANY FORMATIONS LIMITED→
corporate-director · appointed 2002-10-25 · resigned 2003-01-27
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
Debenture1 property21/03/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-08