FROST AIR SOLUTIONS LTD

💤Zombieactive
07774508 · ltd · incorporated 2011-09-15
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 Mar 2025
Net worth
£227
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: SIC 35300
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (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: Cash flow review and working-capital discipline. Cash down -42% YoY — forensic review of receivables, stock turns, and creditor days. 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 (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £227
Net assets shrinking
Down £242 YoY
Cash draining
Cash down 42% YoY
Cash YoY
-42%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£12k
↓ 42% YoY
Net Worth
£227
↓ 52% YoY
Current Assets
£26k
↓ 30% YoY
Current Liabilities
£0£7k£15k£22k£30k£37kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£227£469
Current assets£26.2k£37.3k
Cash£11.5k£19.7k
Debtors£14.7k£17.5k
Net assets£227£469

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-09-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-12-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-12-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-11-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-11-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-11-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-09-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-09-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2023-09-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2023-09-11
    ROWE, Kerry resigned
    secretary
  15. 2023-09-11
    ROWE, Kerry resigned
    director
  16. 2022-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-12-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2019-10-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2018-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2014-07-15
    ROWE, Kerry appointed
    director
  22. 2011-09-15
    🏢
    Company incorporated
    As FROST AIR SOLUTIONS LTD
  23. 2011-09-15
    ROWE, Ian Russell appointed
    director
  24. 2011-09-15
    ROWE, Kerry appointed
    secretary

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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ian Russell Rowe
Individual · British · DOB 12/1980 · age 46
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Kerry Roweceased 11/09/2023· board control · significant influence

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
Incorporated2011-09-15
Jurisdictionengland-wales
Primary SIC35300 — SIC 35300

Registered office

107 Felpham Way
Felpham
West Sussex
PO22 8QB
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01

Officers (1 active · 2 resigned)

ROWE, Ian Russell
director · ~46y · appointed 2011-09-15
View their other companies + combined net worth →
Active
ROWE, Kerry
secretary · appointed 2011-09-15 · resigned 2023-09-11
Resigned
ROWE, Kerry
director · ~45y · appointed 2014-07-15 · resigned 2023-09-11
Resigned

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

Recent filings (45 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-28
change-person-director-company-with-change-date
officers · CH01
2023-11-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-12
termination-secretary-company-with-name-termination-date
officers · TM02
2023-09-12