AIR CONDITIONING ACCESSORIES LIMITED

💤Zombieactive
05119576 · ltd · incorporated 2004-05-05
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
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 64). 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 (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 22.0y

30/100
under pressure

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

  • · Oldest live charge is 22.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 1 with DOB)
74
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
60 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 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
Average employees11001100

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 (29 events)Click to expand
  1. 2025-11-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2025-11-15
    🔓
    Charge satisfied #2
  3. 2025-10-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-10-10
    🔓
    Charge satisfied #1
  5. 2025-07-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-11-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-12-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-06-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2018-06-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2017-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-01-01
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  17. 2017-01-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2017-01-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2006-03-22
    🔒
    Charge registered #2
    Lender: Brixton (Westbrook,Trafford Park) Limited
  20. 2004-06-01
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  21. 2004-05-06
    STEWART, Lorraine Sarah appointed
    secretary
  22. 2004-05-06
    BRITTON, Evelyn Jane resigned
    secretary
  23. 2004-05-05
    🏢
    Company incorporated
    As AIR CONDITIONING ACCESSORIES LIMITED
  24. 2004-05-05
    STEWART, Richard John appointed
    director
  25. 2004-05-05
    BRITTON, Evelyn Jane appointed
    secretary
  26. 2004-05-05
    SAME-DAY COMPANY SERVICES LIMITED appointed
    corporate-nominee-secretary
  27. 2004-05-05
    SAME-DAY COMPANY SERVICES LIMITED resigned
    corporate-nominee-secretary
  28. 2004-05-05
    WILDMAN & BATTELL LIMITED appointed
    corporate-nominee-director
  29. 2004-05-05
    WILDMAN & BATTELL LIMITED resigned
    corporate-nominee-director

Owner dependency

93/100
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 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

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 64. 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 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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 Lorraine Sarah Stewart
Individual · British · DOB 04/1966 · age 60
2550%
25–50%25-50% shares · 25-50% voting01/01/2018
Mr Richard John Stewart
Individual · British · DOB 03/1962 · age 64
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated2004-05-05
Jurisdictionengland-wales
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

Herriot Lodge
13 Oatlands Drive
Harrogate
North Yorkshire
HG2 8JT
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-24
Last: 2025-06-10

Officers (2 active · 3 resigned)

STEWART, Lorraine Sarah
secretary · appointed 2004-05-06
View their other companies + combined net worth →
Active
STEWART, Richard John
director · ~64y · appointed 2004-05-05
View their other companies + combined net worth →
Active
BRITTON, Evelyn Jane
secretary · appointed 2004-05-05 · resigned 2004-05-06
Resigned
SAME-DAY COMPANY SERVICES LIMITED
corporate-nominee-secretary · appointed 2004-05-05 · resigned 2004-05-05
Resigned
WILDMAN & BATTELL LIMITED
corporate-nominee-director · appointed 2004-05-05 · resigned 2004-05-05
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Brixton (Westbrook,Trafford Park)
Brixton (Westbrook,Trafford Park) Limited
Rent deposit deed1 property22/03/200615/11/2025
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property01/06/200410/10/2025

Recent filings (60 total)

mortgage-satisfy-charge-full
mortgage · MR04
2025-11-15
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-20