AQS MIDCO LIMITED

🏛️Establishedactive
13166962 · ltd · incorporated 2021-01-29
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 5.3y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 5.3y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 5.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 capital
Last 180 days
2
filings
  • 1 capital
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-06-18
    📄
    capital-allotment-shares
    capital · SH01
  2. 2025-09-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-07-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2025-04-02
    📄
    capital-allotment-shares
    capital · SH01
  5. 2025-03-26
    📄
    capital-allotment-shares
    capital · SH01
  6. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2025-01-13
    📄
    capital-allotment-shares
    capital · SH01
  8. 2025-01-13
    📄
    capital-allotment-shares
    capital · SH01
  9. 2025-01-13
    📄
    capital-allotment-shares
    capital · SH01
  10. 2024-12-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2024-12-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2024-12-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  13. 2024-12-18
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  14. 2024-12-13
    WEBB, Danny John Craig appointed
    director
  15. 2024-12-13
    DIJKSTRA, Jan Jetse resigned
    director
  16. 2024-01-22
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  17. 2024-01-16
    📄
    capital-allotment-shares
    capital · SH01
  18. 2024-01-10
    📄
    capital-allotment-shares
    capital · SH01
  19. 2023-08-21
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  20. 2023-08-17
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2023-08-17
    ⚠️
    legacy
    insolvency · CAP-SS
  22. 2023-08-17
    📄
    legacy
    capital · SH20
  23. 2023-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2023-05-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2023-05-05
    SIERADZKI, Maxime Joseph resigned
    director
  26. 2021-03-29
    🔒
    Charge registered #1
    Lender: Trimont Real Estate Advisors, U.K., LTD (As Common Security Agent)
  27. 2021-01-29
    🏢
    Company incorporated
    As AQS MIDCO LIMITED
  28. 2021-01-29
    GARBUTT, Helen Mary Theresa appointed
    director
  29. 2021-01-29
    DIJKSTRA, Jan Jetse appointed
    director
  30. 2021-01-29
    SIERADZKI, Maxime Joseph 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 62 — approaching natural succession window.

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 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high · 1 med ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-08-17: legacy

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-12-18: certificate-change-of-name-company

Group structure

Aqs Pbsa Holding (Uk) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Aqs Pbsa Holding (Uk) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
AQS MIDCO LIMITED
This company · 13166962

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%
NameSharesVoting rightsNature of controlNotified
Aqs Pbsa Holding (Uk) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control29/01/2021

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

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.

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Company details

Statusactive
Typeltd
Incorporated2021-01-29
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

4th Floor Phoenix House
1 Station Hill
Reading
Berkshire
RG1 1NB
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-11
Last: 2026-01-28

Officers (2 active · 2 resigned)

GARBUTT, Helen Mary Theresa
director · ~62y · appointed 2021-01-29
View their other companies + combined net worth →
Active
WEBB, Danny John Craig
director · ~58y · appointed 2024-12-13
View their other companies + combined net worth →
Active
DIJKSTRA, Jan Jetse
director · ~58y · appointed 2021-01-29 · resigned 2024-12-13
Resigned
SIERADZKI, Maxime Joseph
director · ~45y · appointed 2021-01-29 · resigned 2023-05-05
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Trimont Real Estate Advisors, U.K., (As Common Security Agent)
Trimont Real Estate Advisors, U.K., LTD (As Common Security Agent)
A registered charge1 property29/03/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (42 total)

capital-allotment-shares
capital · SH01
2026-06-18
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-09-10
accounts-with-accounts-type-small
accounts · AA
2025-07-23
capital-allotment-shares
capital · SH01
2025-04-02
capital-allotment-shares
capital · SH01
2025-03-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
capital-allotment-shares
capital · SH01
2025-01-13
capital-allotment-shares
capital · SH01
2025-01-13
capital-allotment-shares
capital · SH01
2025-01-13
termination-director-company-with-name-termination-date
officers · TM01
2024-12-23
appoint-person-director-company-with-name-date
officers · AP01
2024-12-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-12-19
certificate-change-of-name-company
change-of-name · CERTNM
2024-12-18