AQUA FROME 2 LLP
Opportunity 71/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · oldest 5.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Current assets | £103.3k | £102.4k |
| Cash | £58.0k | £52.1k |
| Debtors | £45.3k | £50.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (36 events)Click to expand
- 2026-03-11📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-30📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-23📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-12📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-31📄mortgage-satisfy-charge-full-limited-liability-partnershipmortgage · LLMR04
- 2022-05-31🔓Charge satisfied #2
- 2022-05-26📄mortgage-satisfy-charge-full-limited-liability-partnershipmortgage · LLMR04
- 2022-05-26🔓Charge satisfied #1
- 2022-01-25📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-11-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-05-28📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2021-05-26🔒Charge registered #2Lender: Lloyds Bank PLC
- 2021-02-03📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-01-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-01-22📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2021-01-20🔒Charge registered #1Lender: Lloyds Bank PLC
- 2020-10-15📄change-account-reference-date-limited-liability-partnership-previous-extendedaccounts · LLAA01
- 2020-08-13📍change-registered-office-address-limited-liability-partnership-with-date-old-address-new-addressaddress · LLAD01
- 2020-08-13📄notification-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC01
- 2020-06-25📄notification-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC01
- 2020-06-25📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2020-06-25📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2020-06-25📄cessation-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC07
- 2020-06-22📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2020-06-22📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2020-06-13➕CHITTY, Colin James Merlott appointedllp-designated-member
- 2020-06-13➕WARWICK-SMITH, Alastair appointedllp-designated-member
- 2020-06-13➖GARVEY, Fiona Mary resignedllp-designated-member
- 2020-06-13➖LEWIS, Timothy Guy resignedllp-designated-member
- 2019-01-14🏢Company incorporatedAs AQUA FROME 2 LLP
- 2019-01-14➕GARVEY, Fiona Mary appointedllp-designated-member
- 2019-01-14➕LEWIS, Timothy Guy appointedllp-designated-member
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alastair Warwick-Smith Individual · English · DOB 03/1970 · age 56 | — | 25–50% | 25-50% voting | 13/06/2020 |
Mr Colin James Merlott Chitty Individual · English · DOB 05/1961 · age 65 | — | — | sig. influencesignificant influence | 13/06/2020 |
1 historic (ceased) PSC
- Mr Timothy Guy Lewisceased 13/06/2020· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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6 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 →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
Registered office
Filing status
Officers (2 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 2 properties | 26/05/2021 | 31/05/2022 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 20/01/2021 | 26/05/2022 |