AIRQUATIC LTD
💤Zombieactive
12541710 · ltd · incorporated 2020-03-31
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
£-103.1k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 36000
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 72/100 (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 -92% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
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, 3 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
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £103,102
Very low cash
Cash position: £12
Cash draining
Cash down 92% YoY
Cash YoY
-92%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£12
↓ 92% YoY
Net Worth
-£103k
~ YoY
Current Assets
£12
↓ 92% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-103.1k | £-102.1k |
| Current assets | £12 | £153 |
| Cash | £12 | £153 |
| Net assets | £-103.1k | £-102.1k |
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 (24 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-27📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-08-03📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2022-05-24➖DE ROCA, Sergio resigneddirector
- 2022-05-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-05📄capital-allotment-sharescapital · SH01
- 2022-04-01➖BROOKS, Gary resigneddirector
- 2021-07-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-07-27➕BROOKS, Gary appointeddirector
- 2021-07-27➕DE ROCA, Sergio appointeddirector
- 2021-07-27📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-07-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-20📄capital-allotment-sharescapital · SH01
- 2021-03-31📄capital-allotment-sharescapital · SH01
- 2021-02-23📄resolutionresolution · RESOLUTIONS
- 2021-02-23📄capital-alter-shares-subdivisioncapital · SH02
- 2020-03-31🏢Company incorporatedAs AIRQUATIC LTD
- 2020-03-31➕REDONDO DIAZ, David appointeddirector
- 2020-03-31📄incorporation-companyincorporation · NEWINC
Owner dependency
75/100
High — earn-out structure requiredMaterial 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
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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 David Redondo Individual · Spanish · DOB 12/1983 · age 43 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 04/01/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| AIRCONUK LTD→ 15477073 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ALL WASTE LDN LTD→ 15355769 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ALLT CORALAN HYDRO LIMITED→ 08945627 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ALTA CAPITAL LIMITED→ 11604447 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ALTAL GROUP LTD→ 15149844 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AMP BIOMASS (NET ZERO 1) LIMITED→ 13166453 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AMP BIOMASS (NET ZERO 2) LIMITED→ 13166837 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AMP HYDROGEN 3 LIMITED→ 15398930 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AMP SOLAR LIMITED→ 11323197 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
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
Incorporated2020-03-31
Jurisdictionengland-wales
Primary SIC36000 — SIC 36000
Registered office
2 Frederick Street
Kings Cross
London
WC1X 0ND
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-05
Last: 2025-06-21
Officers (1 active · 2 resigned)
REDONDO DIAZ, David→
Activedirector · ~43y · appointed 2020-03-31
View their other companies + combined net worth →
BROOKS, Gary→
Resigneddirector · ~65y · appointed 2021-07-27 · resigned 2022-04-01
DE ROCA, Sergio→
Resigneddirector · ~53y · appointed 2021-07-27 · resigned 2022-05-24
Click a director name to see their full track record across all companies.
Recent filings (25 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-05
change-person-director-company-with-change-date
officers · CH01
2022-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-03
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2022-08-03
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-22
termination-director-company-with-name-termination-date
officers · TM01
2022-05-24
termination-director-company-with-name-termination-date
officers · TM01
2022-04-07
capital-allotment-shares
capital · SH01
2022-04-05
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-19