AIR DRYER TECHNOLOGY LIMITED

🌳Matureactive
05407003 · ltd · incorporated 2005-03-30
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: SIC 33190
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 3.0y

50/100
clean up first

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

  • · Newest facility, 3.0 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 23/100 — clean.

Data confidence

Overall: medium (79/100)

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
8 officers (2 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
63 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
55
Some acquirability indicators.
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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Average employees9700

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-20
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  6. 2023-07-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-07-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2023-07-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2023-07-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-07-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2023-07-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-07-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2023-07-31
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2023-07-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2023-07-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2023-07-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2023-07-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2023-07-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2023-07-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2023-07-03
    ➕
    POTTS, David appointed
    director
  21. 2023-07-03
    ➕
    POTTS, Stephen appointed
    director
  22. 2023-07-03
    ➖
    POTTS, Elspeth resigned
    secretary
  23. 2023-07-03
    ➖
    POTTS, Anthony resigned
    director
  24. 2023-07-03
    ➕
    POTTS, David appointed
    director
  25. 2023-07-03
    ➖
    POTTS, David resigned
    director
  26. 2023-07-03
    ➖
    POTTS, Elspeth resigned
    director
  27. 2023-07-03
    ➕
    POTTS, Stephen appointed
    director
  28. 2023-07-03
    ➖
    POTTS, Stephen resigned
    director
  29. 2023-07-03
    🔒
    Charge registered #1
    Lender: Anthony Potts and Elspeth Potts
  30. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  31. 2005-03-30
    🏢
    Company incorporated
    As AIR DRYER TECHNOLOGY LIMITED
  32. 2005-03-30
    ➕
    POTTS, Elspeth appointed
    secretary
  33. 2005-03-30
    ➕
    CHETTLEBURGHS SECRETARIAL LTD appointed
    corporate-nominee-secretary
  34. 2005-03-30
    ➖
    CHETTLEBURGHS SECRETARIAL LTD resigned
    corporate-nominee-secretary
  35. 2005-03-30
    ➕
    POTTS, Anthony appointed
    director
  36. 2005-03-30
    ➕
    POTTS, Elspeth appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Sd Potts Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Sd Potts Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
AIR DRYER TECHNOLOGY LIMITED
This company · 05407003

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Sd Potts Holdings Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting03/07/2023
2 historic (ceased) PSCs
  • Mr Anthony Edward Pottsceased 03/07/2023· 25-50% shares · 25-50% voting · board control
  • Mrs Elspeth Pottsceased 03/07/2023· 25-50% shares · 25-50% voting · board control

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

6 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
Incorporated2005-03-30
Jurisdictionengland-wales
Primary SIC33190 — SIC 33190

Registered office

Unit M Northstage
92 Broadway
Salford
Greater Manchester
M50 2UW
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-10-18
Last: 2025-10-04

Officers (2 active · 6 resigned)

POTTS, David→
director · ~41y · appointed 2023-07-03
View their other companies + combined net worth →
Active
POTTS, Stephen→
director · ~43y · appointed 2023-07-03
View their other companies + combined net worth →
Active
POTTS, Elspeth→
secretary · appointed 2005-03-30 · resigned 2023-07-03
Resigned
CHETTLEBURGHS SECRETARIAL LTD→
corporate-nominee-secretary · appointed 2005-03-30 · resigned 2005-03-30
Resigned
POTTS, Anthony→
director · ~69y · appointed 2005-03-30 · resigned 2023-07-03
Resigned
POTTS, David→
director · ~41y · appointed 2023-07-03 · resigned 2023-07-03
Resigned
POTTS, Elspeth→
director · ~69y · appointed 2005-03-30 · resigned 2023-07-03
Resigned
POTTS, Stephen→
director · ~43y · appointed 2023-07-03 · resigned 2023-07-03
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
Anthony Potts and Elspeth Potts
A registered charge—03/07/2023—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (63 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
change-account-reference-date-company-previous-extended
accounts · AA01
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-04
appoint-person-director-company-with-name-date
officers · AP01
2023-07-31
appoint-person-director-company-with-name-date
officers · AP01
2023-07-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-07-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-31
termination-director-company-with-name-termination-date
officers · TM01
2023-07-31
termination-director-company-with-name-termination-date
officers · TM01
2023-07-31