1.2.1 AIR CONDITIONING LIMITED

💤Zombieactive
05096444 · ltd · incorporated 2004-04-06
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 Apr 2025
Net worth
£97.3k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 35300
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. 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: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

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
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £97,287

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£97k
↑ 27% YoY
Current Assets
£108k
↑ 23% YoY
Current Liabilities
—
£0£22k£43k£65k£86k£108kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£98.8k£83.0k
Current assets£107.9k£87.4k
Net assets£97.3k£76.6k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-01-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-04-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2021-04-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2021-04-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-04-08
    ➖
    YATES, Steven resigned
    director
  10. 2020-10-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-05-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2018-05-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2017-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-12-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-01-22
    ➖
    YATES, Martin Richard resigned
    secretary
  18. 2016-01-22
    ➖
    YATES, Martin Richard resigned
    director
  19. 2016-01-22
    ➕
    YATES, Steven appointed
    director
  20. 2004-04-06
    🏢
    Company incorporated
    As 1.2.1 AIR CONDITIONING LIMITED
  21. 2004-04-06
    ➕
    YATES, Jonathan Peter appointed
    director
  22. 2004-04-06
    ➕
    YATES, Martin Richard appointed
    secretary
  23. 2004-04-06
    ➕
    READYMADE SECRETARIES LTD appointed
    corporate-nominee-secretary
  24. 2004-04-06
    ➖
    READYMADE SECRETARIES LTD resigned
    corporate-nominee-secretary
  25. 2004-04-06
    ➕
    YATES, Martin Richard appointed
    director
  26. 2004-04-06
    ➕
    COMPANY FORMATION BUREAU LTD appointed
    corporate-nominee-director
  27. 2004-04-06
    ➖
    COMPANY FORMATION BUREAU LTD resigned
    corporate-nominee-director

Owner dependency

85/100
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 22 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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
Jonathan Peter Yates
Individual · British · DOB 04/1983 · age 43
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Steven Yatesceased 08/04/2021· 25-50% shares · 25-50% voting · board control

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

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1ST CHOICE ELECTRICS LTD→
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10373937 · est 2016 · no financials extracted
————9y——
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09425287 · est 2015 · no financials extracted
————11y——
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09775827 · est 2015 · no financials extracted
————10y——
A.K. 24/7 RECOVERY LTD→
09905228 · est 2015 · no financials extracted
————10y——
A1 PLASTICS MIDLANDS LTD→
16774641 · est 2025 · no financials extracted
———————
ABC SKIP HIRE LIMITED→
09802981 · est 2015 · no financials extracted
————10y——
ABS ELECTRICAL SERVICES LTD→
14833229 · est 2023 · no financials extracted
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AC BUILDING SERVICES LIMITED→
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ACMS WASTE LIMITED→
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————8y——
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
Incorporated2004-04-06
Jurisdictionengland-wales
Primary SIC35300 — SIC 35300

Registered office

62 Alexandra Road
Halesowen
West Midlands
B63 4BU

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-20
Last: 2026-04-06

Officers (1 active · 5 resigned)

YATES, Jonathan Peter→
director · ~43y · appointed 2004-04-06
View their other companies + combined net worth →
Active
YATES, Martin Richard→
secretary · appointed 2004-04-06 · resigned 2016-01-22
Resigned
READYMADE SECRETARIES LTD→
corporate-nominee-secretary · appointed 2004-04-06 · resigned 2004-04-06
Resigned
YATES, Martin Richard→
director · ~72y · appointed 2004-04-06 · resigned 2016-01-22
Resigned
YATES, Steven→
director · ~37y · appointed 2016-01-22 · resigned 2021-04-08
Resigned
COMPANY FORMATION BUREAU LTD→
corporate-nominee-director · appointed 2004-04-06 · resigned 2004-04-06
Resigned

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

Recent filings (63 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-14
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-04-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-04-16
termination-director-company-with-name-termination-date
officers · TM01
2021-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-02