ADVANCED INHALATION RITUALS BIDCO LIMITED
Opportunity 70/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 5.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 5.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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.
Recent activity
- • 1 accounts
Corporate timeline (40 events)Click to expand
- 2026-01-04📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-26📄change-person-director-company-with-change-dateofficers · CH01
- 2025-09-10📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-11-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-09-26📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2024-09-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-08-20📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-15📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2023-11-14📍move-registers-to-registered-office-company-with-new-addressaddress · AD04
- 2023-11-07📄accounts-with-accounts-type-fullaccounts · AA
- 2023-10-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-06-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-06-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-03-28📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2023-03-28📍change-sail-address-company-with-new-addressaddress · AD02
- 2023-03-08➖DYE & DURHAM SECRETARIAL LIMITED resignedcorporate-secretary
- 2023-01-16🔓Charge satisfied #4
- 2023-01-16🔓Charge satisfied #3
- 2022-12-13🔒Charge registered #4Lender: First Abu Dhabi Bank Pjsc, Fab Building, Khalifa Business Park, Al Qurm District, Loan Agency, Global Corporate Finance, 4TH Floor, P.O. Box 6316, Abu Dhabi, Uae
- 2022-09-21🔓Charge satisfied #2
- 2022-09-21🔓Charge satisfied #1
- 2022-09-20🔒Charge registered #3Lender: Credit Suisse Ag, Uetlibergstrasse 231, Zurich, 8045, Switzerland
- 2022-06-08➕LOTFY, Bassem appointeddirector
- 2022-05-25➖SOCHA, Adrian Dominik resigneddirector
- 2021-01-11🔒Charge registered #2Lender: Mashreqbank Psc, Po Box 1250, Mashreqbank, Dubai, as Security Agent for and on Behalf of the Secured Parties
- 2020-11-05➕ORR, Mary-Ann appointeddirector
- 2020-11-05➖MCNAUGHTON, Conor resigneddirector
- 2020-11-05➕SOCHA, Adrian Dominik appointeddirector
- 2020-10-04🔒Charge registered #1Lender: Credit Suisse Ag, Uetlibergstrasse 231, 8045 Zürich, Switzerland, as Offshore Security Agent for Each of the Secured Parties
- 2019-10-07➕DYE & DURHAM SECRETARIAL LIMITED appointedcorporate-secretary
- 2019-09-25🏢Company incorporatedAs ADVANCED INHALATION RITUALS BIDCO LIMITED
- 2019-09-25➕SAEED, Tamir appointeddirector
- 2019-09-25➕MCNAUGHTON, Conor appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Pioneer International Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Pioneer International Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 26/01/2023 |
1 historic (ceased) PSC
- Advanced Inhalation Rituals Midco Limitedceased 26/01/2023· 75-100% shares · 75-100% voting · board control
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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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 →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 (3 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | First Abu Dhabi Bank Pjsc, Fab Building, Khalifa Business Park, Al Qurm District, Loan Agency, Global Corporate Finance, 4TH Floor, P.O. Box 6316, Abu Dhabi, Uae | A registered charge | — | 13/12/2022 | 16/01/2023 | |
| satisfied | Credit Suisse Ag, Uetlibergstrasse 231, Zurich, 8045, Switzerland | A registered charge | — | 20/09/2022 | 16/01/2023 | |
| satisfied | Mashreqbank Psc, Po Box 1250, Mashreqbank, Dubai, as Security Agent for and on Behalf of the Secured Parties | A registered charge | — | 11/01/2021 | 21/09/2022 | |
| satisfied | Credit Suisse Ag, Uetlibergstrasse 231, 8045 Zürich, Switzerland, as Offshore Security Agent for Each of the Secured Parties | A registered charge | — | 04/10/2020 | 21/09/2022 |