ARCTIC WATERS LIMITED

💤Zombieactive
07772260 · ltd · incorporated 2011-09-13
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 Dec 2024
Net worth
£1.28M
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Wholesale of other food, including fish, crustaceans and molluscs
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,284,812

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£1.3m
↑ 10% YoY
Current Assets
£4.7m
~ YoY
Current Liabilities
£0£937k£1.9m£2.8m£3.7m£4.7mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-28
Total assets£1.28M£1.16M
Current assets£4.68M£4.69M
Net assets£1.28M£1.17M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (24 events)Click to expand
  1. 2025-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-04-05
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-04-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-08-28
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  6. 2024-08-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-08-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-08-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-01-16
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  10. 2023-11-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2022-12-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2022-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-09-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2022-04-27
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2022-04-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-08-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2020-07-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2017-04-30
    HOWARD, Martyn resigned
    director
  21. 2016-07-28
    HOWARD, Martyn appointed
    director
  22. 2011-09-13
    🏢
    Company incorporated
    As ARCTIC WATERS LIMITED
  23. 2011-09-13
    JACKSON, Andrew Liam appointed
    secretary
  24. 2011-09-13
    JACKSON, Andrew Liam appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

58/100
Strong succession signal

Multiple 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.
  • secondary12+ year tenure: Director in role 15 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Igor Smirnov
Individual · Romanian · DOB 01/1977 · age 49
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2011-09-13
Jurisdictionengland-wales
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

87 Cambridge Road
Crosby
Liverpool
Merseyside
L23 7TX
United Kingdom

Filing status

Accounts
Next due: 2026-09-28
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-27
Last: 2025-09-13

Officers (2 active · 1 resigned)

JACKSON, Andrew Liam
secretary · appointed 2011-09-13
View their other companies + combined net worth →
Active
JACKSON, Andrew Liam
director · ~53y · appointed 2011-09-13
View their other companies + combined net worth →
Active
HOWARD, Martyn
director · ~68y · appointed 2016-07-28 · resigned 2017-04-30
Resigned

Click a director name to see their full track record across all companies.

Recent filings (54 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-19
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-04
change-person-secretary-company-with-change-date
officers · CH03
2024-08-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-27
change-person-director-company-with-change-date
officers · CH01
2024-08-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-27
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-01-16
gazette-notice-compulsory
gazette · GAZ1
2023-11-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-12-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-15