AARDVARK AGGREGATES LTD

💤Zombieactive
13863111 · ltd · incorporated 2022-01-21
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
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Turnover
year to Mar 2025
Net worth
£-23.9k
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: SIC 38210
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £23,943

Key financials

1 year extracted from filed iXBRL accounts
Cash
£13k
Net Worth
-£24k
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Cash£13.2k
Net assets£-23.9k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-11-28
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2025-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-10-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-10-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-10-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-10-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-10-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2025-09-12
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  9. 2025-09-01
    POOLE, Lawrence Edward appointed
    director
  10. 2025-08-31
    BALL, Nigel Glynn resigned
    director
  11. 2024-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-01-31
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  14. 2022-01-21
    🏢
    Company incorporated
    As AARDVARK AGGREGATES LTD
  15. 2022-01-21
    BALL, Nigel Glynn appointed
    director
  16. 2022-01-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some 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

1 med ·
Name changed recently
medium

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

Evidence: 2025-11-28: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Lawrence Edward Poole
Individual · English · DOB 01/1969 · age 57
5075%
50–75%board control50-75% shares · 50-75% voting · board control01/09/2025
1 historic (ceased) PSC
  • Mr Nigel Glynn Ballceased 31/08/2025· 75-100% voting · board control

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

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
Incorporated2022-01-21
Jurisdictionengland-wales
Primary SIC38210 — SIC 38210

Registered office

Unit 26 The Quarry, Dunchideock Barton,
Exeter
England
EX2 9UA
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-31
Last: 2025-10-17

Officers (1 active · 1 resigned)

POOLE, Lawrence Edward
director · ~57y · appointed 2025-09-01
View their other companies + combined net worth →
Active
BALL, Nigel Glynn
director · ~55y · appointed 2022-01-21 · resigned 2025-08-31
Resigned

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

Recent filings (16 total)

certificate-change-of-name-company
change-of-name · CERTNM
2025-11-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-26
appoint-person-director-company-with-name-date
officers · AP01
2025-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-17
termination-director-company-with-name-termination-date
officers · TM01
2025-10-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-17
change-account-reference-date-company-current-shortened
accounts · AA01
2025-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-19
change-account-reference-date-company-current-extended
accounts · AA01
2022-01-31