A&A REFRIGERATION LIMITED
💤Zombieactive
05501489 · ltd · incorporated 2005-07-06
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 Sept 2024
Net worth
£152.2k
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Engineering design activities for industrial process and production
Sector: Professional, scientific & technical
Investor take
Special-situation opportunityDistressed professional-services with salvageable qualities — special-situations priority.
Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 20.6y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.6 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £152,240
Net assets shrinking
Down £44,259 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£152k
↓ 23% YoY
Current Assets
£150k
↓ 56% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £203.0k | £232.1k |
| Current assets | £150.4k | £341.2k |
| Cash | — | £97.6k |
| Debtors | — | £169.4k |
| Net assets | £152.2k | £196.5k |
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
- 2025-08-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-08-20📄change-person-director-company-with-change-dateofficers · CH01
- 2025-08-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-04-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-31📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-30📄resolutionresolution · RESOLUTIONS
- 2024-05-30📄capital-name-of-class-of-sharescapital · SH08
- 2024-04-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-29➖ADDICOTT, James Charles resigneddirector
- 2023-04-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-04➖ADDICOTT, Heather Christine resignedsecretary
- 2019-02-04➖ADDICOTT, Heather Christine resigneddirector
- 2013-02-22🔒Charge registered #3Lender: National Westminster Bank PLC
- 2013-01-19🔓Charge satisfied #1
- 2006-06-15🔒Charge registered #2Lender: National Westminster Bank PLC
- 2005-10-03🔒Charge registered #1Lender: Barclays Bank PLC
- 2005-07-06🏢Company incorporatedAs A&A REFRIGERATION LIMITED
- 2005-07-06➕ALCOCK, Jeffrey James appointeddirector
- 2005-07-06➕ADDICOTT, Heather Christine appointedsecretary
- 2005-07-06➕ADDICOTT, Heather Christine appointeddirector
- 2005-07-06➕ADDICOTT, James Charles appointeddirector
Owner dependency
85/100
Critical — business is the founderThe 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 21 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
70/100
Strong succession signalMultiple 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.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-24
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jeffrey James Alcock Individual · British · DOB 07/1972 · age 54 | 25–50% | — | 25-50% shares | 05/07/2016 |
1 historic (ceased) PSC
- Mr James Charles Addicottceased 29/11/2023· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Professional services · EX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 19C SURVEYS LTD→ 13783228 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 2BY2 SERVICES LIMITED→ 10170008 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| 3C CONSULTANCY SERVICES LTD→ 12253221 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 3SGROUP LIMITED→ 05143582 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| 4-C CONSULTING LIMITED→ 13673874 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 4WND LIMITED→ 15545108 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A1 ACCOUNTS & TAXATION LIMITED→ 15178337 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AASW LTD→ 16213158 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AB ACCOUNTANCY SOUTH WEST LTD→ 14941432 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ABBEYSIDE CONSULTING LTD→ 16190296 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ABBOTT AEROSPACE UK LTD→ 13937703 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ABC DEVON LTD→ 07895101 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2005-07-06
Jurisdictionengland-wales
Primary SIC71121 — Engineering design activities for industrial process and production
Registered office
Ground Floor Keble House
Southernhay Gardens
Exeter
Devon
EX1 1NT
United Kingdom
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-04-24OVERDUE
Last: 2025-04-10
Officers (1 active · 3 resigned)
ALCOCK, Jeffrey James→
Activedirector · ~54y · appointed 2005-07-06
View their other companies + combined net worth →
ADDICOTT, Heather Christine→
Resignedsecretary · appointed 2005-07-06 · resigned 2019-02-04
ADDICOTT, Heather Christine→
Resigneddirector · ~75y · appointed 2005-07-06 · resigned 2019-02-04
ADDICOTT, James Charles→
Resigneddirector · ~55y · appointed 2005-07-06 · resigned 2023-11-29
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 22/02/2013 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 15/06/2006 | — | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 03/10/2005 | 19/01/2013 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (62 total)
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-20
change-person-director-company-with-change-date
officers · CH01
2025-08-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-14
change-person-director-company-with-change-date
officers · CH01
2025-04-14
change-person-director-company-with-change-date
officers · CH01
2025-01-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-24
resolution
resolution · RESOLUTIONS
2024-05-30
capital-name-of-class-of-shares
capital · SH08
2024-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-10