VAPOTHERM UK LTD
Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 16.1y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 16.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Profit before tax | £192.9k | £192.1k |
| Average employees | 2000 | 1700 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (36 events)Click to expand
- 2025-09-19📄accounts-with-accounts-type-fullaccounts · AA
- 2024-11-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-08➖LANDRY, John resigneddirector
- 2024-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-03-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-01➖RAMADE, Gregoire resigneddirector
- 2023-11-08📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-11📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-31✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2022-03-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-07📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-03-01➕VERTH, Elaine appointedsecretary
- 2022-02-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-10-28📄accounts-with-accounts-type-smallaccounts · AA
- 2021-04-15➖MEEK, Lesley Jane resigneddirector
- 2021-04-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-12-21📄accounts-with-accounts-type-smallaccounts · AA
- 2019-12-24📄change-person-director-company-with-change-dateofficers · CH01
- 2019-09-19📄capital-name-of-class-of-sharescapital · SH08
- 2019-09-19📄resolutionresolution · RESOLUTIONS
- 2019-04-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-02-28➕ARMY, Joseph appointeddirector
- 2019-02-28➕LANDRY, John appointeddirector
- 2019-02-28➕RAMADE, Gregoire appointeddirector
- 2019-02-19🔓Charge satisfied #3
- 2016-11-05🔓Charge satisfied #2
- 2016-10-17🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2014-12-12➖KRIEVS, Peter resigneddirector
- 2011-04-15🔓Charge satisfied #1
- 2011-02-02🔒Charge registered #2Lender: Hsbc Bank PLC
- 2010-05-17➕KRIEVS, Simon John appointeddirector
- 2010-05-17➕MEEK, Lesley Jane appointeddirector
- 2010-03-29🔒Charge registered #1Lender: Royal Bank of Scotland PLC
- 2009-12-21🏢Company incorporatedAs VAPOTHERM UK LTD
- 2009-12-21➕KRIEVS, Peter appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Vapotherm, Inc is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Vapotherm, Inc Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/02/2019 |
1 historic (ceased) PSC
- Eden Medical (Uk) Limitedceased 28/02/2019· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 (3 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 17/10/2016 | 19/02/2019 | |
| satisfied | HSBC Hsbc Bank PLC | Floating charge | 1 property | 02/02/2011 | 05/11/2016 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Floating charge | 1 property | 29/03/2010 | 15/04/2011 |