AQUASPIRA LIMITED

🌳Matureactive

06433303 · ltd · incorporated 2007-11-21

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

—

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: SIC 24200

Sector: Manufacturing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 68). Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

9 live charges · 7 lenders · oldest 17.7y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 17.7 years old — likely at or near maturity.
· 7 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (64/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

12 officers (6 active, 12 linked, 11 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

2 connected companies via shared directors

Filing history

100 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-05-31
Average employees	4300

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (54 events)Click to expand

2026-02-27
📄
accounts-with-accounts-type-small
accounts · AA
2025-06-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-31
➕
ROBERTS, David Nigel appointed
director
2025-05-30
📄
accounts-with-accounts-type-small
accounts · AA
2025-05-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-03-11
➖
DUNCOMBE, Paul resigned
director
2024-05-15
📄
accounts-with-accounts-type-small
accounts · AA
2023-04-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-30
➕
DUNCOMBE, Paul appointed
director
2023-03-30
➖
READ, Trevor Leslie resigned
director
2023-03-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-15
📄
accounts-with-accounts-type-small
accounts · AA
2022-07-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-07-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-05-31
➖
WOODS, Andrew Michael resigned
director
2022-05-31
➖
WORNE, Nigel John resigned
director
2022-04-07
📄
accounts-with-accounts-type-small
accounts · AA
2021-10-11
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2021-10-11
📄
legacy
capital · SH20
2021-10-11
⚠️
legacy
insolvency · CAP-SS
2021-10-11
📄
resolution
resolution · RESOLUTIONS
2021-09-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-09-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-09-10
➕
BARRICK, Christopher Paul appointed
director
2021-09-10
➕
O'REGAN, Paul James, Dr appointed
director
2021-05-28
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-05-28
🔓
Charge satisfied #6
2021-05-06
📄
accounts-with-accounts-type-small
accounts · AA
2021-04-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-22
🔒
Charge registered #9
Lender: Barclays Bank PLC
2020-10-02
🔒
Charge registered #8
Lender: Barclays Bank PLC
2020-08-11
🔒
Charge registered #7
Lender: Barclays Bank PLC
2020-04-01
🔓
Charge satisfied #2
2019-09-30
➖
WICKS, Lee resigned
director
2019-02-27
➖
JENKINS, Iain Gifford Kittermaster resigned
director
2019-02-27
➕
READ, Trevor Leslie appointed
director
2018-08-01
🔓
Charge satisfied #4
2018-08-01
🔓
Charge satisfied #3
2017-11-23
🔓
Charge satisfied #1
2016-06-01
➕
WOODS, Andrew Michael appointed
director
2016-06-01
➕
WORNE, Nigel John appointed
director
2013-08-05
➕
WICKS, Lee appointed
director
2013-03-18
🔒
Charge registered #6
Lender: Close Invoice Finance Limited
2012-10-25
🔓
Charge satisfied #5
2011-01-11
🔒
Charge registered #5
Lender: Nrd Wallace Amg Wallace and Emlyn Agricultural Holdings Limited
2010-04-20
🔒
Charge registered #4
Lender: Hsbc Invoice Finance (UK) LTD the Security Holder
2009-02-06
🔒
Charge registered #3
Lender: Hsbc Asset Finance (UK) Limited and Hsbc Equiment (UK) Limited
2008-12-04
🔒
Charge registered #2
Lender: Profile Design Limited
2008-11-14
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2008-04-03
➕
JENKINS, Iain Gifford Kittermaster appointed
director

Showing most recent 50 of 54 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 19 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high · 1 med ·

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2021-10-11: legacy

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

🔒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 →

Similar companies

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A-ONE KITCHENS AND BEDROOMS LTD→ 10789270 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
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AGENDA BOXES & PACKAGING LTD→ 09479373 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
ANGEL CANDLE COMPANY LTD→ 10912207 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
APEKS MARINE EQUIPMENT LIMITED→ 01231692 · est 1975 · no financials extracted	—	—	—	—	50y	—	—
APEX UN LIMITED→ 10641678 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
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APT CONTROLS LIMITED→ 11392699 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
APT PRODUCTIONS LIMITED→ 13524236 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ARC ELEVATORS LIMITED→ 07036592 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
ARC-TECH ENGINEERING LTD→ 12876468 · est 2020 · no financials extracted	—	—	—	—	5y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2007-11-21

Jurisdictionengland-wales

Primary SIC24200 — SIC 24200

Registered office

Unit 1-1a Profile Park

Junction St

Nelson

Lancs

BB9 8AH

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-12-05

Last: 2025-11-21