AIRCON WORLDWIDE LIMITED
Opportunity 77/100 (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: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: distressed disposal / insolvency (65/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 19.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)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 105 (micro)| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £-141.5k | £-119.1k |
| Current assets | £2.4k | £706 |
| Net assets | £-143.2k | £-132.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (22 events)Click to expand
- 2026-01-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-11-17📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-27📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-04-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-02📄gazette-notice-compulsorygazette · GAZ1
- 2018-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-04-05📄gazette-filings-brought-up-to-dategazette · DISS40
- 2017-04-04📄gazette-notice-compulsorygazette · GAZ1
- 2017-03-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-12-05🔒Charge registered #3Lender: Peter J Mullen
- 2013-04-19➖WILSONS (COMPANY SECRETARIES) LIMITED resignedcorporate-secretary
- 2007-03-08🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2007-01-31🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2006-11-23🏢Company incorporatedAs AIRCON WORLDWIDE LIMITED
- 2006-11-23➕NOEST, Tim Peter appointeddirector
- 2006-11-23➕WILSONS (COMPANY SECRETARIES) LIMITED appointedcorporate-secretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Tim Peter Noest Individual · British · DOB 01/1974 · age 52 | — | — | sig. influencesignificant influence | 06/04/2016 |
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.
See pricing →Similar companies
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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 →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 (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Peter J Mullen | A registered charge | — | 05/12/2014 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Deposit agreement to secure own liabilities | 1 property | 08/03/2007 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Deposit agreement to secure own liabilities | 1 property | 31/01/2007 | — |