AARO GLASS LTD

💤Zombieactive
04804675 · ltd · incorporated 2003-06-19
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 Jun 2025
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Glazing
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 77/100. Strong seller-intent signal (68/100, director aged 54). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 17.1y

15/100
under pressure

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

  • · Oldest live charge is 17.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · 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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£47k£95k£142k£190k£237kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£192.8k
Current assets£236.9k
Cash£204.8k
Debtors£19.4k
Net assets£184.7k
Average employees300

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
5
filings
  • 2 address
  • 1 officers
  • 1 persons-with-significant-control
Last 180 days
5
filings
  • 2 address
  • 1 officers
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-04-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-04-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-04-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2026-04-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2026-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2025-07-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2025-07-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-07-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2024-07-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2024-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2024-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2024-01-15
    📄
    capital-return-purchase-own-shares
    capital · SH03
  15. 2024-01-08
    📄
    capital-cancellation-shares
    capital · SH06
  16. 2024-01-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2024-01-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2024-01-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2024-01-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2023-12-21
    SHAW, John Richard resigned
    secretary
  21. 2023-12-21
    SHAW, John Richard resigned
    director
  22. 2023-08-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2023-08-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2023-08-09
    🔓
    Charge satisfied #4
  25. 2023-08-09
    🔓
    Charge satisfied #3
  26. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2011-07-08
    🔓
    Charge satisfied #2
  28. 2011-06-16
    🔒
    Charge registered #4
    Lender: Lloyds Tsb Bank PLC
  29. 2011-06-08
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Bank PLC
  30. 2011-04-01
    🔓
    Charge satisfied #1
  31. 2009-12-11
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  32. 2009-04-29
    🔒
    Charge registered #1
    Lender: Richard Shaw
  33. 2003-07-22
    JOHNSTON, Victor Ian resigned
    secretary
  34. 2003-07-22
    SHAW, John Richard appointed
    secretary
  35. 2003-07-22
    SHAW, John Richard appointed
    director
  36. 2003-06-19
    🏢
    Company incorporated
    As AARO GLASS LTD
  37. 2003-06-19
    OWENS, Matthew appointed
    director
  38. 2003-06-19
    JOHNSTON, Victor Ian appointed
    secretary

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 23 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

1 med · 1 low
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%
NameSharesVoting rightsNature of controlNotified
Mr Matthew Owens
Individual · British · DOB 04/1972 · age 54
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr John Richard Shawceased 21/12/2023· 25-50% shares · 25-50% voting

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
Incorporated2003-06-19
Jurisdictionengland-wales
Primary SIC43342 — Glazing

Registered office

Unit 8/8a Stanley Green Crescent Industrial Estate
Stanley Green Road
Poole
Dorset
BH15 3TH
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-03
Last: 2025-06-19

Officers (1 active · 3 resigned)

OWENS, Matthew
director · ~54y · appointed 2003-06-19
View their other companies + combined net worth →
Active
JOHNSTON, Victor Ian
secretary · appointed 2003-06-19 · resigned 2003-07-22
Resigned
SHAW, John Richard
secretary · appointed 2003-07-22 · resigned 2023-12-21
Resigned
SHAW, John Richard
director · ~60y · appointed 2003-07-22 · resigned 2023-12-21
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage1 property16/06/201109/08/2023
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property08/06/201109/08/2023
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property11/12/200908/07/2011
satisfied
Richard Shaw
Legal charge1 property29/04/200901/04/2011

Recent filings (93 total)

change-person-director-company-with-change-date
officers · CH01
2026-04-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-03
change-person-director-company-with-change-date
officers · CH01
2025-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-25
change-person-director-company-with-change-date
officers · CH01
2024-07-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-25
change-person-director-company-with-change-date
officers · CH01
2024-07-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28