AIR-CON SERVICE LIMITED

💤Zombieactive
05000459 · ltd · incorporated 2003-12-19
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 Dec 2024
Net worth
£56.0k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 35300
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (68/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £55,990

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£56k
Current Assets
£100k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-30
Total assets£56.0k
Current assets£100.4k
Net assets£56.0k

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

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 (24 events)Click to expand
  1. 2025-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-09-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-04-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-07-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-07-08
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  6. 2023-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-09-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2022-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-09-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2021-12-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-09-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2020-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-09-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2013-12-21
    ➖
    THOMAS, Shilu resigned
    secretary
  16. 2013-02-23
    ➖
    THOMAS, Joby resigned
    secretary
  17. 2013-02-23
    ➕
    THOMAS, Shilu appointed
    secretary
  18. 2004-01-06
    ➖
    ABERGAN REED NOMINEES LIMITED resigned
    corporate-nominee-secretary
  19. 2004-01-06
    ➖
    ABERGAN REED LIMITED resigned
    corporate-nominee-director
  20. 2004-01-02
    ➕
    JOSEPH, Thomaskutty appointed
    director
  21. 2004-01-02
    ➕
    THOMAS, Joby appointed
    secretary
  22. 2003-12-19
    🏢
    Company incorporated
    As AIR-CON SERVICE LIMITED
  23. 2003-12-19
    ➕
    ABERGAN REED NOMINEES LIMITED appointed
    corporate-nominee-secretary
  24. 2003-12-19
    ➕
    ABERGAN REED LIMITED appointed
    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 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

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
NameSharesVoting rightsNature of controlNotified
Mr Thomaskutty Joseph
Individual · Indian · DOB 06/1969 · age 57
25–50%
—25-50% shares06/04/2016

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
Incorporated2003-12-19
Jurisdictionengland-wales
Primary SIC35300 — SIC 35300

Registered office

2 Wensleydale Avenue
Ilford
IG5 0NA
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-30
Confirmation statement
Next due: 2027-02-10
Last: 2026-01-27

Officers (1 active · 4 resigned)

JOSEPH, Thomaskutty→
director · ~57y · appointed 2004-01-02
View their other companies + combined net worth →
Active
THOMAS, Joby→
secretary · appointed 2004-01-02 · resigned 2013-02-23
Resigned
THOMAS, Shilu→
secretary · appointed 2013-02-23 · resigned 2013-12-21
Resigned
ABERGAN REED NOMINEES LIMITED→
corporate-nominee-secretary · appointed 2003-12-19 · resigned 2004-01-06
Resigned
ABERGAN REED LIMITED→
corporate-nominee-director · appointed 2003-12-19 · resigned 2004-01-06
Resigned

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

Recent filings (69 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-09-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-08
change-account-reference-date-company-previous-extended
accounts · AA01
2024-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-03