ARCTIC WATERS LIMITED
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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-28 |
|---|---|---|
| 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
Corporate timeline (24 events)Click to expand
- 2025-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-05📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-04-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-28📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-08-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-27📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-16📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-11-28📄gazette-notice-compulsorygazette · GAZ1
- 2022-12-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-04-27📄change-person-secretary-company-with-change-dateofficers · CH03
- 2022-04-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-13📄change-person-director-company-with-change-dateofficers · CH01
- 2020-07-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-04-30➖HOWARD, Martyn resigneddirector
- 2016-07-28➕HOWARD, Martyn appointeddirector
- 2011-09-13🏢Company incorporatedAs ARCTIC WATERS LIMITED
- 2011-09-13➕JACKSON, Andrew Liam appointedsecretary
- 2011-09-13➕JACKSON, Andrew Liam appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on 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 15 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Igor Smirnov Individual · Romanian · DOB 01/1977 · age 49 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 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.
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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 →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 (2 active · 1 resigned)
Click a director name to see their full track record across all companies.