ADAMS AVIATION SUPPLY COMPANY LIMITED

🌳Matureactive
00943304 · ltd · incorporated 1968-11-29
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

12 live charges · 8 lenders · oldest 46.1y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 46.1 years old — likely at or near maturity.
  • · 8 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
13 officers (2 active, 13 linked, 10 with DOB)
85
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
157 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • 2 persons-with-significant-control
Last 180 days
3
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (64 events)Click to expand
  1. 2026-03-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-03-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-11-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-10-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-10-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2025-09-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-09-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2025-09-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2025-09-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2025-09-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2025-09-29
    🔓
    Charge satisfied #24
  12. 2025-09-29
    🔓
    Charge satisfied #23
  13. 2025-09-29
    🔓
    Charge satisfied #22
  14. 2025-09-29
    🔓
    Charge satisfied #21
  15. 2025-09-29
    🔓
    Charge satisfied #20
  16. 2025-08-29
    HOLLINSHEAD, Wayne Richard resigned
    director
  17. 2025-02-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2025-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2025-01-31
    🔒
    Charge registered #26
    Lender: Wilmington Savings Fund Society, Fsb as Notes Collateral Agent
  20. 2025-01-31
    🔒
    Charge registered #25
    Lender: Bank of America, N.A.
  21. 2024-10-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2024-03-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2024-02-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2023-07-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  25. 2023-07-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2023-06-23
    🔒
    Charge registered #24
    Lender: Wilmington Savings Fund Society, Fsb (As Notes Agent)
  27. 2023-04-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  28. 2023-04-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  29. 2022-10-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  30. 2022-04-27
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  31. 2022-03-28
    🔒
    Charge registered #23
    Lender: Wilmington Savings Fund Society, Fsb (As Notes Collateral Agent)
  32. 2022-03-28
    🔒
    Charge registered #22
    Lender: Wilmington Savings Fund Society, Fsb (As Notes Collateral Agent)
  33. 2022-03-15
    ROBERTSON, Zoe Sheila resigned
    secretary
  34. 2021-09-17
    GALLAGHER, Timothy Joseph resigned
    director
  35. 2020-11-02
    LANDRY, Dawn Renee appointed
    director
  36. 2020-11-02
    WHATLING, Mark appointed
    director
  37. 2020-11-02
    GALLAGHER, Timothy Joseph appointed
    director
  38. 2020-11-02
    HUMPHREYS, Christopher Andrew resigned
    director
  39. 2020-01-28
    🔒
    Charge registered #21
    Lender: The Bank of New York Mellon Trust Company, N.A.
  40. 2020-01-28
    🔒
    Charge registered #20
    Lender: Bank of America, N.A.
  41. 2020-01-15
    🔓
    Charge satisfied #18
  42. 2020-01-15
    🔓
    Charge satisfied #19
  43. 2019-09-30
    🔒
    Charge registered #18
    Lender: Wells Fargo Capital Finance (UK) Limited
  44. 2019-09-27
    🔒
    Charge registered #19
    Lender: The Bank of New York Mellon Trust Company, N.A.
  45. 2019-08-30
    GOSLING, Anika Ann resigned
    secretary
  46. 2019-08-30
    ROBERTSON, Zoe Sheila appointed
    secretary
  47. 2019-08-30
    GOSLING, Frank John resigned
    director
  48. 2019-08-30
    GOSLING, June Florence resigned
    director
  49. 2019-08-30
    GOSLING, Stephen Frank resigned
    director
  50. 2019-08-30
    HOLLINSHEAD, Wayne Richard appointed
    director
Showing most recent 50 of 64 events

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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.
  • secondaryStable-but-static management: Company is 57 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Pattonair (Derby) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Pattonair (Derby) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ADAMS AVIATION SUPPLY COMPANY LIMITED
This company · 00943304

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%
NameSharesVoting rightsNature of controlNotified
Pattonair (Derby) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control17/02/2026
4 historic (ceased) PSCs
  • Pattonair Europe Limitedceased 17/02/2026· 75-100% shares · 75-100% voting · board control
  • Mercurius Holdings Ltdceased 29/10/2020· 75-100% shares · 75-100% voting
  • Mr Stephen Frank Goslingceased 28/07/2017· 50-75% shares · 50-75% voting · board control
  • Mr Stephen Frederick Langstonceased 28/07/2017· 25-50% shares · 25-50% voting

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 →

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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
Incorporated1968-11-29
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

Ascot Business Park
50 Longbridge Lane
Derby
DE24 8UJ
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-22
Last: 2026-02-08

Officers (2 active · 11 resigned)

LANDRY, Dawn Renee
director · ~63y · appointed 2020-11-02
View their other companies + combined net worth →
Active
WHATLING, Mark
director · ~53y · appointed 2020-11-02
View their other companies + combined net worth →
Active
GOSLING, Anika Ann
secretary · appointed 2003-12-01 · resigned 2019-08-30
Resigned
GOSLING, June Florence
secretary · resigned 2003-12-01
Resigned
ROBERTSON, Zoe Sheila
secretary · appointed 2019-08-30 · resigned 2022-03-15
Resigned
GALLAGHER, Timothy Joseph
director · ~64y · appointed 2020-11-02 · resigned 2021-09-17
Resigned
GOSLING, Frank John
director · ~89y · resigned 2019-08-30
Resigned
GOSLING, June Florence
director · ~89y · appointed 1997-11-01 · resigned 2019-08-30
Resigned
GOSLING, Stephen Frank
director · ~61y · appointed 1995-05-01 · resigned 2019-08-30
Resigned
HOLLINSHEAD, Wayne Richard
director · ~60y · appointed 2019-08-30 · resigned 2025-08-29
Resigned
HUMPHREYS, Christopher Andrew
director · ~61y · appointed 2019-08-30 · resigned 2020-11-02
Resigned
LANGSTON, Stephen Frederick
director · ~70y · resigned 2017-10-31
Resigned
MARSHALL, Neil
director · ~59y · appointed 1999-11-08 · resigned 2019-08-30
Resigned

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

Mortgages & charges

12
Total charges
3
Outstanding
3
Active lenders
Status:Lender:12 of 12 shown
TypeProperties
outstanding
Wilmington Savings Fund Society, Fsb as Notes Collateral Agent
A registered charge31/01/2025
outstanding
Bank of America, N.A.
A registered charge1 property31/01/2025
satisfied
Wilmington Savings Fund Society, Fsb (As Notes Agent)
A registered charge23/06/202329/09/2025
satisfied
Wilmington Savings Fund Society, Fsb (As Notes Collateral Agent)
A registered charge28/03/202229/09/2025
satisfied
Wilmington Savings Fund Society, Fsb (As Notes Collateral Agent)
A registered charge28/03/202229/09/2025
satisfied
The Bank of New York Mellon Trust Company, N.A.
A registered charge1 property28/01/202029/09/2025
satisfied
Bank of America, N.A.
A registered charge1 property28/01/202029/09/2025
satisfied
Wells Fargo Capital Finance (UK)
Wells Fargo Capital Finance (UK) Limited
A registered charge30/09/201915/01/2020
satisfied
The Bank of New York Mellon Trust Company, N.A.
A registered charge1 property27/09/201915/01/2020
satisfied
Lloyds Banking Group
Lloyds Bank Commercial Finance LTD
A registered charge29/06/201705/06/2019
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property14/01/199729/06/2017
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property03/04/1980
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (157 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-12
change-person-director-company-with-change-date
officers · CH01
2025-11-12
termination-director-company-with-name-termination-date
officers · TM01
2025-10-08
accounts-with-accounts-type-full
accounts · AA
2025-10-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-03
accounts-with-accounts-type-full
accounts · AA
2024-10-11