AQUAFLOW PLUMBING AND HEATING LTD

💤Zombieactive
SC308408 · ltd · incorporated 2006-09-11
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
£-40.1k
book net assets
Opportunity
80/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 66). 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: share sale to pe / searcher (73/100).

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, 1 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
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £40,115
Cash YoY
+12%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£14k
↑ 12% YoY
Net Worth
-£40k
↑ 16% YoY
Current Assets
£18k
↓ 9.7% YoY
Current Liabilities
—
-£48k-£34k-£21k-£7k£7k£20kMar 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
Total assets£-31.9k£-33.6k
Current assets£18.4k£20.4k
Cash£14.1k£12.5k
Debtors£1.3k£4.9k
Net assets£-40.1k£-48.0k

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

🔒Filing-note intelligence

1 signal 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 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-12-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-12-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-10-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-12-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-10-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-03-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2006-09-12
    ➕
    BARTHOLOMEW, Jill appointed
    secretary
  17. 2006-09-12
    ➕
    MILLIKEN, John appointed
    director
  18. 2006-09-12
    ➖
    DUPORT SECRETARY LIMITED resigned
    corporate-nominee-secretary
  19. 2006-09-12
    ➖
    DUPORT DIRECTOR LIMITED resigned
    corporate-nominee-director
  20. 2006-09-11
    🏢
    Company incorporated
    As AQUAFLOW PLUMBING AND HEATING LTD
  21. 2006-09-11
    ➕
    DUPORT SECRETARY LIMITED appointed
    corporate-nominee-secretary
  22. 2006-09-11
    ➕
    DUPORT DIRECTOR LIMITED appointed
    corporate-nominee-director

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Milliken
Individual · British · DOB 02/1960 · age 66
75–100%
—75-100% shares06/04/2016

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 →

Similar companies

Active · Construction · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BALMORAL DEVELOPMENTS (SCOTLAND) LTD→
SC673555 · est 2020 · no financials extracted
————5y——
BARRETT ELECTRICAL SOLUTIONS LTD→
SC822223 · est 2024 · no financials extracted
————1y——
BATHROOMS 101 LTD→
SC878700 · est 2026 · no financials extracted
———————
BATTALION SITE SOLUTIONS LTD→
SC766671 · est 2023 · no financials extracted
————2y——
BCC PIPELINE SERVICES LIMITED→
SC879877 · est 2026 · no financials extracted
———————
BELL BUILDING PROJECTS LIMITED→
SC077211 · est 1982 · no financials extracted
————44y——
BELL FIRE AND SECURITY LIMITED→
SC091929 · est 1985 · no financials extracted
————41y——
BELLAGO LIMITED→
SC630845 · est 2019 · no financials extracted
————6y——
BELLEROSE JOINERY LTD→
SC751346 · est 2022 · no financials extracted
————3y——
BENVIEW CONTRACTS LTD→
SC818508 · est 2024 · no financials extracted
————1y——
BERMOND PROPERTY LIMITED→
SC464341 · est 2013 · no financials extracted
————12y——
BEST FIX BEDROOMS LTD→
SC700466 · est 2021 · no financials extracted
————4y——
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
Incorporated2006-09-11
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

91/1 Riddrie Knowes
Riddrie
Glasgow
G33 2QF

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-13
Last: 2025-08-30

Officers (2 active · 2 resigned)

BARTHOLOMEW, Jill→
secretary · appointed 2006-09-12
View their other companies + combined net worth →
Active
MILLIKEN, John→
director · ~66y · appointed 2006-09-12
View their other companies + combined net worth →
Active
DUPORT SECRETARY LIMITED→
corporate-nominee-secretary · appointed 2006-09-11 · resigned 2006-09-12
Resigned
DUPORT DIRECTOR LIMITED→
corporate-nominee-director · appointed 2006-09-11 · resigned 2006-09-12
Resigned

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

Recent filings (50 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-31