AQUASHIELD (NORTH EAST) LIMITED

💤Zombieactive
05302198 · ltd · incorporated 2004-12-01
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
book net assets
Opportunity
75/100
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 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 (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
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
61 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2024-12-312023-12-31
Average employees400400

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 (26 events)Click to expand
  1. 2025-08-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-09-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-06-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-04-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-06-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-07-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-12-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2016-09-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-12-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-12-07
    📍
    change-sail-address-company-with-new-address
    address · AD02
  15. 2015-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2012-09-30
    GRAINGE, Richard Timothy Guy resigned
    director
  17. 2008-10-01
    COAD, Sharon Jane appointed
    secretary
  18. 2008-10-01
    COAD, David appointed
    director
  19. 2008-10-01
    GREEN, Melanie resigned
    secretary
  20. 2005-01-01
    GREEN, Melanie appointed
    secretary
  21. 2005-01-01
    GRAINGE, Richard Timothy Guy appointed
    director
  22. 2004-12-03
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  23. 2004-12-03
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  24. 2004-12-01
    🏢
    Company incorporated
    As AQUASHIELD (NORTH EAST) LIMITED
  25. 2004-12-01
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  26. 2004-12-01
    FORM 10 DIRECTORS FD LTD 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 18 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr David Coad
Individual · British · DOB 11/1971 · age 55
2550%
25-50% shares01/12/2016

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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08197136 · est 2012 · no financials extracted
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11828338 · est 2019 · no financials extracted
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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
Incorporated2004-12-01
Jurisdictionengland-wales
Primary SIC43342 — Glazing

Registered office

67 Duke Street
Darlington
Co Durham
DL3 7SD

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-18
Last: 2025-11-04

Officers (2 active · 4 resigned)

COAD, Sharon Jane
secretary · appointed 2008-10-01
View their other companies + combined net worth →
Active
COAD, David
director · ~55y · appointed 2008-10-01
View their other companies + combined net worth →
Active
GREEN, Melanie
secretary · appointed 2005-01-01 · resigned 2008-10-01
Resigned
FORM 10 SECRETARIES FD LTD
corporate-nominee-secretary · appointed 2004-12-01 · resigned 2004-12-03
Resigned
GRAINGE, Richard Timothy Guy
director · ~68y · appointed 2005-01-01 · resigned 2012-09-30
Resigned
FORM 10 DIRECTORS FD LTD
corporate-nominee-director · appointed 2004-12-01 · resigned 2004-12-03
Resigned

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

Recent filings (61 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-08
change-person-director-company-with-change-date
officers · CH01
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-28
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-29
accounts-with-accounts-type-micro-entity
accounts · AA
2020-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-04
accounts-with-accounts-type-micro-entity
accounts · AA
2019-06-21