ADAMS AVIATION SUPPLY COMPANY LIMITED
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
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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 2 persons-with-significant-control
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Corporate timeline (64 events)Click to expand
- 2026-03-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-11-12📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-29🔓Charge satisfied #24
- 2025-09-29🔓Charge satisfied #23
- 2025-09-29🔓Charge satisfied #22
- 2025-09-29🔓Charge satisfied #21
- 2025-09-29🔓Charge satisfied #20
- 2025-08-29➖HOLLINSHEAD, Wayne Richard resigneddirector
- 2025-02-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-31🔒Charge registered #26Lender: Wilmington Savings Fund Society, Fsb as Notes Collateral Agent
- 2025-01-31🔒Charge registered #25Lender: Bank of America, N.A.
- 2024-10-11📄accounts-with-accounts-type-fullaccounts · AA
- 2024-03-07📄accounts-with-accounts-type-fullaccounts · AA
- 2024-02-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-17📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-23🔒Charge registered #24Lender: Wilmington Savings Fund Society, Fsb (As Notes Agent)
- 2023-04-20📄change-person-director-company-with-change-dateofficers · CH01
- 2023-04-20📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2022-04-27📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-03-28🔒Charge registered #23Lender: Wilmington Savings Fund Society, Fsb (As Notes Collateral Agent)
- 2022-03-28🔒Charge registered #22Lender: Wilmington Savings Fund Society, Fsb (As Notes Collateral Agent)
- 2022-03-15➖ROBERTSON, Zoe Sheila resignedsecretary
- 2021-09-17➖GALLAGHER, Timothy Joseph resigneddirector
- 2020-11-02➕LANDRY, Dawn Renee appointeddirector
- 2020-11-02➕WHATLING, Mark appointeddirector
- 2020-11-02➕GALLAGHER, Timothy Joseph appointeddirector
- 2020-11-02➖HUMPHREYS, Christopher Andrew resigneddirector
- 2020-01-28🔒Charge registered #21Lender: The Bank of New York Mellon Trust Company, N.A.
- 2020-01-28🔒Charge registered #20Lender: Bank of America, N.A.
- 2020-01-15🔓Charge satisfied #18
- 2020-01-15🔓Charge satisfied #19
- 2019-09-30🔒Charge registered #18Lender: Wells Fargo Capital Finance (UK) Limited
- 2019-09-27🔒Charge registered #19Lender: The Bank of New York Mellon Trust Company, N.A.
- 2019-08-30➖GOSLING, Anika Ann resignedsecretary
- 2019-08-30➕ROBERTSON, Zoe Sheila appointedsecretary
- 2019-08-30➖GOSLING, Frank John resigneddirector
- 2019-08-30➖GOSLING, June Florence resigneddirector
- 2019-08-30➖GOSLING, Stephen Frank resigneddirector
- 2019-08-30➕HOLLINSHEAD, Wayne Richard 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.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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 ·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.
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 |
|---|---|---|---|---|
Pattonair (Derby) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 17/02/2026 |
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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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 (2 active · 11 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Wilmington Savings Fund Society, Fsb as Notes Collateral Agent | A registered charge | — | 31/01/2025 | — | |
| outstanding | Bank of America, N.A. | A registered charge | 1 property | 31/01/2025 | — | |
| satisfied | Wilmington Savings Fund Society, Fsb (As Notes Agent) | A registered charge | — | 23/06/2023 | 29/09/2025 | |
| satisfied | Wilmington Savings Fund Society, Fsb (As Notes Collateral Agent) | A registered charge | — | 28/03/2022 | 29/09/2025 | |
| satisfied | Wilmington Savings Fund Society, Fsb (As Notes Collateral Agent) | A registered charge | — | 28/03/2022 | 29/09/2025 | |
| satisfied | The Bank of New York Mellon Trust Company, N.A. | A registered charge | 1 property | 28/01/2020 | 29/09/2025 | |
| satisfied | Bank of America, N.A. | A registered charge | 1 property | 28/01/2020 | 29/09/2025 | |
| satisfied | Wells Fargo Capital Finance (UK) Wells Fargo Capital Finance (UK) Limited | A registered charge | — | 30/09/2019 | 15/01/2020 | |
| satisfied | The Bank of New York Mellon Trust Company, N.A. | A registered charge | 1 property | 27/09/2019 | 15/01/2020 | |
| satisfied | Lloyds Banking Group Lloyds Bank Commercial Finance LTD | A registered charge | — | 29/06/2017 | 05/06/2019 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 14/01/1997 | 29/06/2017 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 03/04/1980 | — |