AIRVAULT LTD

💤Zombieactive
14255385 · ltd · incorporated 2022-07-25
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 Jul 2024
Net worth
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Other information service activities n.e.c.
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (40/100).

🏦

Refinance opportunity

1 live charge · oldest 0.1y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 0.1 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-07-312023-07-31

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

Recent activity

Last 30 days
0
filings
Last 90 days
6
filings
  • 2 persons-with-significant-control
  • 2 officers
  • 1 mortgage
Last 180 days
6
filings
  • 2 persons-with-significant-control
  • 2 officers
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-05-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-04-30
    🔒
    Charge registered #1
    Lender: Henika Investments Limited
  3. 2026-04-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2026-04-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2026-04-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2026-04-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2026-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2026-02-28
    SCOTT, Christopher Graham resigned
    director
  9. 2025-07-23
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2025-07-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2025-07-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2024-06-26
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2024-06-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2024-06-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2023-09-15
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  16. 2023-09-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2023-09-01
    SCOTT, Christopher Graham appointed
    director
  18. 2023-07-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2023-07-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2022-07-26
    PALMER, James appointed
    director
  21. 2022-07-26
    BARNETT, Timothy Paul resigned
    director
  22. 2022-07-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  23. 2022-07-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  24. 2022-07-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2022-07-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2022-07-25
    🏢
    Company incorporated
    As AIRVAULT LTD
  27. 2022-07-25
    BARNETT, Timothy Paul appointed
    director
  28. 2022-07-25
    📄
    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 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-04-30

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Palmer
Individual · British · DOB 04/1974 · age 52
75100%
75-100% shares01/04/2026
3 historic (ceased) PSCs
  • Free To Perform Technology Group Ltdceased 01/04/2026· 75-100% shares · 75-100% voting · board control
  • F2p Holdings Ltdceased 28/07/2022· 75-100% shares · 75-100% voting · board control
  • Mr Timothy Paul Barnettceased 26/07/2022· 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.

🔒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

10 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
Incorporated2022-07-25
Jurisdictionengland-wales
Primary SIC63990 — Other information service activities n.e.c.

Registered office

Formal House
60 St. Georges Place
Cheltenham
Gloucestershire
GL50 3PN
England

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-07
Last: 2025-07-24

Officers (1 active · 2 resigned)

PALMER, James
director · ~52y · appointed 2022-07-26
View their other companies + combined net worth →
Active
BARNETT, Timothy Paul
director · ~45y · appointed 2022-07-25 · resigned 2022-07-26
Resigned
SCOTT, Christopher Graham
director · ~65y · appointed 2023-09-01 · resigned 2026-02-28
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
Henika Investments
Henika Investments Limited
A registered charge1 property30/04/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (24 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-07
change-person-director-company-with-change-date
officers · CH01
2026-04-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-02
termination-director-company-with-name-termination-date
officers · TM01
2026-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-16
gazette-filings-brought-up-to-date
gazette · DISS40
2025-07-23
accounts-with-accounts-type-dormant
accounts · AA
2025-07-22
gazette-notice-compulsory
gazette · GAZ1
2025-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-07
gazette-filings-brought-up-to-date
gazette · DISS40
2024-06-26
gazette-notice-compulsory
gazette · GAZ1
2024-06-25
accounts-with-accounts-type-dormant
accounts · AA
2024-06-24
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-09-15