AQUATIC ENGINEERING LIMITED
🌳Matureactive
06722844 · ltd · incorporated 2008-10-14
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 Mar 2025
Net worth
£12.9k
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 28990
Sector: Manufacturing
Investor take
PursueActive trading company with a 72-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 57/100. Strong seller-intent signal (63/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 14.5y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £12,857
Cash YoY
-36%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£8k
↓ 36% YoY
Net Worth
£13k
↑ 2117% YoY
Current Assets
£77k
↓ 57% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £95.1k | £175.1k |
| Current assets | £77.1k | £180.0k |
| Cash | £7.8k | £12.3k |
| Debtors | £69.3k | £167.7k |
| Net assets | £12.9k | £580 |
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
2
filings
- • 1 confirmation-statement
- • 1 mortgage
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2026-04-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-04-13🔓Charge satisfied #5
- 2025-12-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-06📄legacymiscellaneous · ANNOTATION
- 2025-03-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-03-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-26📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-26📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-26📄mortgage-charge-whole-cease-with-charge-numbermortgage · MR05
- 2024-03-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-04🔒Charge registered #5Lender: Nucleus Cash Flow FINANCE2 Limited
- 2023-12-18📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-05-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-20📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-12-21📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-12-20📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-06-13➖CROUCH, Monique Sophie Devereux resigneddirector
- 2022-06-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-29🔒Charge registered #4Lender: Bank of Scotland PLC
- 2021-07-29🔒Charge registered #3Lender: Lloyds Bank PLC
- 2021-05-04🔒Charge registered #2Lender: Lloyds Bank PLC
- 2021-01-29➕ONIONE, Glyn appointeddirector
- 2021-01-29➕THOMPSON, Joshua Graham appointeddirector
- 2021-01-29➕CROUCH, Monique Sophie Devereux appointeddirector
- 2011-12-01🔒Charge registered #1Lender: Lloyds Tsb Commercial Finance Limited
- 2008-10-14🏢Company incorporatedAs AQUATIC ENGINEERING LIMITED
- 2008-10-14➕DEVEREUX, Caroline Bernadette appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Glyn Onione Individual · British · DOB 07/1954 · age 72 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 20/03/2025 |
Ms Caroline Devereux Individual · British · DOB 06/1958 · age 68 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 30/10/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 1810 ENGINEERING LTD→ 11483347 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AA HEATING GROUP LTD→ 15885450 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABSOLUTE CARPENTRY LIMITED→ 15200112 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACCI AIRCONDITIONING LTD→ 09064423 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ACE GREEN RECYCLING UK LTD→ 14218164 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ACE SERVICES (IOW) LIMITED→ 09402108 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| ACL EXHIBITIONS LTD→ 12988660 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ACS FIRE AND SECURITY LIMITED→ 06441722 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ACT OF KINDNESS ORGANICS LTD→ 11372688 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ACTUATED SOLUTIONS LIMITED→ 04649595 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| AD AUTOMOTIVE LTD→ 15059114 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADAM MERCER ENGINEERING LIMITED→ 16619469 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2008-10-14
Jurisdictionengland-wales
Primary SIC28990 — SIC 28990
Registered office
C/O 5
Holyrood Street
Newport
Isle Of Wight
PO30 5AU
United Kingdom
Filing status
Accounts
Next due: 2026-12-28
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-03
Last: 2026-03-20
Officers (3 active · 1 resigned)
DEVEREUX, Caroline Bernadette→
Activedirector · ~68y · appointed 2008-10-14
View their other companies + combined net worth →
ONIONE, Glyn→
Activedirector · ~72y · appointed 2021-01-29
View their other companies + combined net worth →
THOMPSON, Joshua Graham→
Activedirector · ~37y · appointed 2021-01-29
View their other companies + combined net worth →
CROUCH, Monique Sophie Devereux→
Resigneddirector · ~30y · appointed 2021-01-29 · resigned 2022-06-13
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
4
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Nucleus Cash Flow FINANCE2 Nucleus Cash Flow FINANCE2 Limited | A registered charge | — | 04/01/2024 | 13/04/2026 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 29/07/2021 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 29/07/2021 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 04/05/2021 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture | 1 property | 01/12/2011 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (74 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-20
mortgage-satisfy-charge-full
mortgage · MR04
2026-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-11
legacy
miscellaneous · ANNOTATION
2025-06-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-03-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
change-person-director-company-with-change-date
officers · CH01
2024-11-26
change-person-director-company-with-change-date
officers · CH01
2024-11-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-26
mortgage-charge-whole-cease-with-charge-number
mortgage · MR05
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-19