AQUA SPIN SOUTHWEST LTD

🏛️Establishedactive

11672456 · ltd · incorporated 2018-11-12

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2025

Net worth

£-13.2k

book net assets

Opportunity

77/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Fitness facilities

Sector: Arts, entertainment & recreation

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (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: 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

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

15 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £13,237

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£13k

~ YoY

Current Assets

£1k

↓ 51% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-11-30	2024-11-30
Total assets	£-13.2k	£-13.3k
Current assets	£1.1k	£2.2k
Net assets	£-13.2k	£-13.3k

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

🔒Filing-note intelligence

2 signals 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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (11 events)Click to expand

2026-04-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-11-12
🏢
Company incorporated
As AQUA SPIN SOUTHWEST LTD
2018-11-12
➕
ROBERTS, Janine Helen appointed
director
2018-11-12
➕
ROBERTS, Kelvin Vaughan appointed
director
2018-11-12
📄
incorporation-company
incorporation · NEWINC

Owner dependency

79/100

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.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

46/100

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.

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

Name	Shares	Voting rights	Nature of control	Notified
Mrs Janine Helen Roberts Individual · British · DOB 09/1971 · age 55	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	12/11/2018
Mr Kelvin Vaughan Roberts Individual · British · DOB 03/1967 · age 59	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	12/11/2018

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Leisure & entertainment · EX postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
77 EVENTS LTD→ 15453252 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
A THOMAS M/A LTD→ 10854414 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ACADEMIC FACILITIES SERVICES LTD→ 16157543 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ACTIVE ESCAPE ADVENTURE LIMITED→ 08214808 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
ADDITIVE MUSIC PR LTD.→ 10152668 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
ADVENTURE BASE LIMITED→ 06556200 · est 2008 · no financials extracted	—	—	—	—	18y	—	—
AGENT NOVEMBER LTD→ 09443172 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
ALDER AND ALDER LIMITED→ 05532322 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
ANATOMY SOUTH WEST LIMITED→ 15342866 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ANDREW COTTON SURFING LIMITED→ 12761285 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
ANYTIME GOLF LIMITED→ 17001773 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ARC CENTRE LIMITED→ 09357363 · est 2014 · no financials extracted	—	—	—	—	11y	—	—

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

Incorporated2018-11-12

Jurisdictionengland-wales

Primary SIC93130 — Fitness facilities

Registered office

51 Hamilton Lane

Exmouth

EX8 2LW

United Kingdom

Filing status

Accounts

Next due: 2027-08-31

Last made up to: 2025-11-30

Confirmation statement

Next due: 2026-12-08

Last: 2025-11-24

Officers (2 active · 0 resigned)

ROBERTS, Janine Helen→

director · ~55y · appointed 2018-11-12

View their other companies + combined net worth →

Active

ROBERTS, Kelvin Vaughan→

director · ~59y · appointed 2018-11-12

View their other companies + combined net worth →

Active

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