AQUATHERM HEAT TRANSFER LIMITED

🌳Matureactive
09193553 · ltd · incorporated 2014-08-29
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
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Turnover
year to Aug 2025
Net worth
£65.1k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 25210
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
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 £65,148
Cash YoY
-17%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£30k
↓ 17% YoY
Net Worth
£65k
↑ 27% YoY
Current Assets
£142k
↑ 43% YoY
Current Liabilities
£0£28k£57k£85k£114k£142kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£77.3k£67.7k
Current assets£142.5k£99.7k
Cash£30.1k£36.4k
Debtors£100.5k£51.9k
Net assets£65.1k£51.3k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-26
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  5. 2023-05-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2022-09-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-09-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-09-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-08-01
    ROPER, Mark James appointed
    director
  11. 2022-08-01
    MAYNARD, Curtis Dermont resigned
    director
  12. 2022-04-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-05-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-06-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2014-08-29
    🏢
    Company incorporated
    As AQUATHERM HEAT TRANSFER LIMITED
  19. 2014-08-29
    HEWLETT, William John appointed
    director
  20. 2014-08-29
    MAYNARD, Curtis Dermont appointed
    director

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

51/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Mark James Roper
Individual · British · DOB 05/1967 · age 59
2550%
25-50% shares01/08/2022
Mr William Hewlett
Individual · British · DOB 12/1972 · age 54
2550%
25-50% shares29/08/2016
1 historic (ceased) PSC
  • Mr Curtis Maynardceased 01/08/2022· 25-50% shares

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

6 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
Incorporated2014-08-29
Jurisdictionengland-wales
Primary SIC25210 — SIC 25210

Registered office

Unit 20a Pershore Trading Estate
Pershore
Worcestershire
WR10 2DD

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-09-12
Last: 2025-08-29

Officers (2 active · 1 resigned)

HEWLETT, William John
director · ~55y · appointed 2014-08-29
View their other companies + combined net worth →
Active
ROPER, Mark James
director · ~59y · appointed 2022-08-01
View their other companies + combined net worth →
Active
MAYNARD, Curtis Dermont
director · ~73y · appointed 2014-08-29 · resigned 2022-08-01
Resigned

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

Recent filings (28 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
certificate-change-of-name-company
change-of-name · CERTNM
2023-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-25
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-09-12
termination-director-company-with-name-termination-date
officers · TM01
2022-09-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-09-12
appoint-person-director-company-with-name-date
officers · AP01
2022-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-31