AQUA FROME 2 LLP

💤Zombieactive
OC425589 · llp · incorporated 2019-01-14
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 Mar 2025
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

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

45/100
under pressure

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.

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
£58k
↑ 11% YoY
Net Worth
Current Assets
£103k
~ YoY
Current Liabilities
£0£21k£41k£62k£83k£103kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
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.

🔒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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-11
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2025-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-30
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  4. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-01-23
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  6. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-01-12
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  8. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-05-31
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  10. 2022-05-31
    🔓
    Charge satisfied #2
  11. 2022-05-26
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  12. 2022-05-26
    🔓
    Charge satisfied #1
  13. 2022-01-25
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  14. 2021-11-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-05-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  16. 2021-05-26
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  17. 2021-02-03
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  18. 2021-01-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2021-01-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  20. 2021-01-20
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  21. 2020-10-15
    📄
    change-account-reference-date-limited-liability-partnership-previous-extended
    accounts · LLAA01
  22. 2020-08-13
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  23. 2020-08-13
    📄
    notification-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC01
  24. 2020-06-25
    📄
    notification-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC01
  25. 2020-06-25
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  26. 2020-06-25
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  27. 2020-06-25
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  28. 2020-06-22
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  29. 2020-06-22
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  30. 2020-06-13
    CHITTY, Colin James Merlott appointed
    llp-designated-member
  31. 2020-06-13
    WARWICK-SMITH, Alastair appointed
    llp-designated-member
  32. 2020-06-13
    GARVEY, Fiona Mary resigned
    llp-designated-member
  33. 2020-06-13
    LEWIS, Timothy Guy resigned
    llp-designated-member
  34. 2019-01-14
    🏢
    Company incorporated
    As AQUA FROME 2 LLP
  35. 2019-01-14
    GARVEY, Fiona Mary appointed
    llp-designated-member
  36. 2019-01-14
    LEWIS, Timothy Guy appointed
    llp-designated-member

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Alastair Warwick-Smith
Individual · English · DOB 03/1970 · age 56
25–50%25-50% voting13/06/2020
Mr Colin James Merlott Chitty
Individual · English · DOB 05/1961 · age 65
sig. influencesignificant influence13/06/2020
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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Typellp
Incorporated2019-01-14
Jurisdictionengland-wales
Primary SIC

Registered office

24 Gosport Street
Lymington
Hampshire
SO41 9BE
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-26
Last: 2026-01-12

Officers (2 active · 2 resigned)

CHITTY, Colin James Merlott
llp-designated-member · ~65y · appointed 2020-06-13
View their other companies + combined net worth →
Active
WARWICK-SMITH, Alastair
llp-designated-member · ~56y · appointed 2020-06-13
View their other companies + combined net worth →
Active
GARVEY, Fiona Mary
llp-designated-member · ~59y · appointed 2019-01-14 · resigned 2020-06-13
Resigned
LEWIS, Timothy Guy
llp-designated-member · ~64y · appointed 2019-01-14 · resigned 2020-06-13
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge2 properties26/05/202131/05/2022
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property20/01/202126/05/2022

Recent filings (27 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2022-05-31
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2022-05-26
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-01-25
accounts-with-accounts-type-dormant
accounts · AA
2021-11-05
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-02-03
accounts-with-accounts-type-dormant
accounts · AA
2021-01-28