AIRS ML LIMITED

💤Zombieactive
14618894 · ltd · incorporated 2023-01-26
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 Jan 2025
Net worth
£-19.1k
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: SIC 26110
Sector: Manufacturing
ALSO REGISTERED FOR
  • 62012Business and domestic software development
  • 71122Engineering related scientific and technical consulting activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (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 (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
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
Network not yet resolved
30
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £19,062
Net assets shrinking
Down £20,594 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£19k
↓ 1344% YoY
Current Assets
£75k
↑ 2346% YoY
Current Liabilities
-£19k-£234£19k£37k£56k£75kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-01-312024-01-31
Total assets£74.2k£2.7k
Current assets£75.1k£3.1k
Net assets£-19.1k£1.5k

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 (14 events)Click to expand
  1. 2025-08-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-06-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-06-06
    MONTGOMERIE-CORCORAN, Alexander resigned
    director
  6. 2024-06-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-06-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-05-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-05-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2023-12-20
    TRIPATHI, Prateek appointed
    director
  11. 2023-12-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2023-01-26
    🏢
    Company incorporated
    As AIRS ML LIMITED
  13. 2023-01-26
    MONTGOMERIE-CORCORAN, Alexander appointed
    director
  14. 2023-01-26
    📄
    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 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Prateek Tripathi
Individual · Indian · DOB 10/1995 · age 31
5075%
50–75%board control50-75% shares · 50-75% voting · board control01/02/2024
1 historic (ceased) PSC
  • Mr Alexander Montgomerie-Corcoranceased 01/02/2024· 50-75% shares · 50-75% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2023-01-26
Jurisdictionengland-wales
Primary SIC26110 — SIC 26110

Registered office

85 Great Portland Street
First Floor
London
W1W 7LT
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-06-24
Last: 2025-06-10

Officers (1 active · 1 resigned)

TRIPATHI, Prateek
director · ~31y · appointed 2023-12-20
View their other companies + combined net worth →
Active
MONTGOMERIE-CORCORAN, Alexander
director · ~30y · appointed 2023-01-26 · resigned 2024-06-06
Resigned

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

Recent filings (13 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-10
termination-director-company-with-name-termination-date
officers · TM01
2024-06-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-27
appoint-person-director-company-with-name-date
officers · AP01
2023-12-20
incorporation-company
incorporation · NEWINC
2023-01-26