AQGAS UGV LIMITED

🌿Early-stageactive
14745893 · ltd · incorporated 2023-03-21
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2025
Net worth
£-288
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: SIC 35210
Sector: Electricity, gas & energy
ALSO REGISTERED FOR
  • 71121Engineering design activities for industrial process and production
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

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, 2 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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
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 £288

Key financials

1 year extracted from filed iXBRL accounts
Cash
£8k
Net Worth
-£288
Current Assets
£9k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-30
Total assets£-288
Current assets£8.6k
Cash£7.8k
Debtors£750
Net assets£-288

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
1
filing
  • 1 confirmation-statement
Last 90 days
4
filings
  • 2 capital
  • 1 confirmation-statement
  • 1 officers
Last 180 days
9
filings
  • 2 confirmation-statement
  • 2 capital
  • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-03-04
    📄
    capital-allotment-shares
    capital · SH01
  2. 2026-03-04
    📄
    capital-allotment-shares
    capital · SH01
  3. 2026-03-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2026-01-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2026-01-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2025-12-20
    SAYANI, Sajid Rashid appointed
    director
  7. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2025-12-17
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  9. 2025-12-09
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2025-09-25
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  11. 2024-05-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-12-07
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2023-12-07
    ✏️
    change-of-name-notice
    change-of-name · CONNOT
  14. 2023-04-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2023-03-21
    🏢
    Company incorporated
    As AQGAS UGV LIMITED
  16. 2023-03-21
    GEARY, Paul Francis appointed
    director
  17. 2023-03-21
    📄
    incorporation-company
    incorporation · NEWINC

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

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: 2025-12-09: certificate-change-of-name-company

Group structure

Aqgas Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Aqgas Group Ltd
Corporate parent · holds 75-100% shares
ultimate parent
AQGAS UGV LIMITED
This company · 14745893

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
Aqgas Group Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting13/06/2024
1 historic (ceased) PSC
  • Paul Gearyceased 16/03/2024· 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

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
Incorporated2023-03-21
Jurisdictionengland-wales
Primary SIC35210 — SIC 35210

Registered office

C/O Aqsorption Ltd 15 Great Northern Way
Netherfield
Nottingham
NG4 2HD
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-04-03
Last: 2026-03-20

Officers (2 active · 0 resigned)

GEARY, Paul Francis
director · ~58y · appointed 2023-03-21
View their other companies + combined net worth →
Active
SAYANI, Sajid Rashid
director · ~54y · appointed 2025-12-20
View their other companies + combined net worth →
Active

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

Recent filings (17 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-30
capital-allotment-shares
capital · SH01
2026-03-04
capital-allotment-shares
capital · SH01
2026-03-04
appoint-person-director-company-with-name-date
officers · AP01
2026-03-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2025-12-17
certificate-change-of-name-company
change-of-name · CERTNM
2025-12-09
change-account-reference-date-company-previous-extended
accounts · AA01
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-28
certificate-change-of-name-company
change-of-name · CERTNM
2023-12-07
change-of-name-notice
change-of-name · CONNOT
2023-12-07