AEROTHERMAL LIMITED
Opportunity 40/100 (watch), bankability 35/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.
Refinance opportunity
1 live charge · oldest 0.9y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 0.9 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-29 | 2023-09-29 |
|---|---|---|
| Average employees | 900 | 700 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals 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
- • 2 insolvency
- • 1 address
- • 1 resolution
- • 2 insolvency
- • 1 address
- • 1 resolution
Corporate timeline (31 events)Click to expand
- 2026-06-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-06-05⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2026-06-05⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2026-06-05📄resolutionresolution · RESOLUTIONS
- 2025-08-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-19🔒Charge registered #1Lender: Nucleus Cash Flow FINANCE2 Limited
- 2025-08-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-13📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-05-09📄gazette-notice-compulsorygazette · GAZ1
- 2022-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-09-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-09-14📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2021-09-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-16📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-07-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-16➕TOLL, Kelly Jane appointedsecretary
- 2021-06-16➕TOLL, Kelly Jane appointeddirector
- 2021-06-16➖TOLL, Ian Cecil resigneddirector
- 2021-01-03➖TOLL, Mary resignedsecretary
- 2021-01-03➖TOLL, Mary resigneddirector
- 2006-07-19🏢Company incorporatedAs AEROTHERMAL LIMITED
- 2006-07-19➕TOLL, Christian Andrew Ian appointeddirector
- 2006-07-19➕TOLL, Mary appointedsecretary
- 2006-07-19➕TOLL, Ian Cecil appointeddirector
- 2006-07-19➕TOLL, Mary appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high · 1 lowStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-06-29
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-06-05: liquidation-voluntary-statement-of-affairs; 2026-06-05: liquidation-voluntary-appointment-of-liquidator
Multiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Kc Seven Management Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Kc Seven Management Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/06/2021 |
1 historic (ceased) PSC
- Ian Cecil Tollceased 28/06/2021· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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11 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 →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
Registered office
Filing status
Officers (3 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Nucleus Cash Flow FINANCE2 Nucleus Cash Flow FINANCE2 Limited | A registered charge | — | 19/08/2025 | — |