AIRSTONE LIMITED
💤Zombieactive
09316684 · ltd · incorporated 2014-11-18
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 Nov 2025
Net worth
£3.7k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68320Management of real estate on a fee or contract basis
Investor take
PursueAsset-holding vehicle with a 71-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 71). 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 (73/100).
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, 2 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 declaredPositive net assets
Net assets £3,719
Net assets shrinking
Down £5,134 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£4k
↓ 58% YoY
Current Assets
£16k
↑ 436% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Total assets | £3.7k | £8.9k |
| Current assets | £15.5k | £2.9k |
| Net assets | £3.7k | £8.9k |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
- 2026-02-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-02-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-18📄change-person-director-company-with-change-dateofficers · CH01
- 2018-07-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-05-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-15📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-11-18🏢Company incorporatedAs AIRSTONE LIMITED
- 2014-11-18➕KARPEL, Steven appointeddirector
Owner dependency
95/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
80/100
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 71 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Steven Lee Karpel Individual · British · DOB 11/1955 · age 71 | 50–75% | — | 50-75% shares | 18/11/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · AL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AGD CAPITAL SOLUTIONS LIMITED→ 14845944 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AGS REAL CAPITAL LTD→ 16812487 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AH MANAGEMENT SERVICES LIMITED→ 13118918 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AHMED AKHTAR PROPERTIES LIMITED→ 11550380 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AHMED CAPITAL INVESTMENTS LTD→ 16938068 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AHMEDAKHTAR1 LTD→ 13307739 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AJM AND DBM PROPERTY LTD→ 16011355 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AJM PROP. MANAGEMENT LTD→ 15283802 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AJV FORTUNA LTD→ 16101698 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AKHARSHA PROPERTIES LTD→ 13516127 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AKU PROPERTY SERVICES LTD→ 15447285 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AL CHARTERS LIMITED→ 14113111 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2014-11-18
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
5 Malting Mead
Endymion Road
Hatfield
AL10 8AR
England
Filing status
Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-12-02
Last: 2025-11-18
Officers (1 active · 0 resigned)
KARPEL, Steven→
Activedirector · ~71y · appointed 2014-11-18
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (29 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-02
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-01
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-18