AIR SERVICES LIMITED
🌳Matureactive
01071805 · ltd · incorporated 1972-09-13
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Repair of machinery
Sector: Manufacturing
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 61). 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: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 50.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 50.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
124 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Average employees | 700 | 800 |
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
2
filings
- • 1 accounts
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-04-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-01📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-04📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-04📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-03-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-07-11➖MITCHELL, Sandra May resigneddirector
- 2019-07-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-06-18🔓Charge satisfied #2
- 2016-06-18🔓Charge satisfied #1
- 2016-06-15🔒Charge registered #4Lender: Clydesdale Bank PLC
- 2015-05-07➖MITCHELL, Sandra May resignedsecretary
- 2010-11-08🔒Charge registered #3Lender: Clydesdale Bank PLC
- 2007-01-28➖MITCHELL, James Harrison resigneddirector
- 2003-03-18➕MITCHELL, Michael Andrew appointeddirector
- 2003-03-18➕MITCHELL, Steven James appointeddirector
- 1994-04-29🔒Charge registered #2Lender: Yorkshire Bank PLC
- 1975-06-16🔒Charge registered #1Lender: Yorkshire Bank Limited
- 1972-09-13🏢Company incorporatedAs AIR SERVICES LIMITED
Owner dependency
84/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 54 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Steven James Mitchell Individual · British · DOB 04/1969 · age 57 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
Mr Michael Andrew Mitchell Individual · British · DOB 08/1965 · age 61 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Sandra May Mitchellceased 11/07/2020· 75-100% shares
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 · Manufacturing · LS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A M SERVICES (NORTHERN) LIMITED→ 05491259 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| AIR SOURCE COVERS LTD→ 14497696 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALCHEMIST TECHNOLOGIES LTD→ 14434664 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALD RACE ENGINES & HEADS LTD→ 14568298 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALEX RUSSELL LTD→ 15504717 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ALFRED BROWN (WORSTED MILLS) HOLDINGS LIMITED→ 16734929 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALINSKIP LTD→ 16762720 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALL 4 LIFTS LTD→ 15469791 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ALL MAPPED OUT LIMITED→ 10274368 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ALL MIXED UP LTD→ 12151596 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ALL SAFE & SECURE LIMITED→ 05202196 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ALL-PAK ENGINEERING LTD.→ 08905780 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1972-09-13
Jurisdictionengland-wales
Primary SIC33120 — Repair of machinery
Registered office
Unit 23 Brown Avenue
Leeds
LS11 0DS
England
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-03-17
Last: 2026-03-03
Officers (2 active · 3 resigned)
MITCHELL, Michael Andrew→
Activedirector · ~61y · appointed 2003-03-18
View their other companies + combined net worth →
MITCHELL, Steven James→
Activedirector · ~57y · appointed 2003-03-18
View their other companies + combined net worth →
MITCHELL, Sandra May→
Resignedsecretary · resigned 2015-05-07
MITCHELL, James Harrison→
Resigneddirector · ~91y · resigned 2007-01-28
MITCHELL, Sandra May→
Resigneddirector · ~86y · resigned 2020-07-11
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 15/06/2016 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | Debenture | 1 property | 08/11/2010 | — | |
| satisfied | Virgin Money Yorkshire Bank PLC | Legal charge | 1 property | 29/04/1994 | 18/06/2016 | |
| satisfied | Virgin Money Yorkshire Bank Limited | Legal charge registered pursuant to an order of court dated 28/8/75. | 1 property | 16/06/1975 | 18/06/2016 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (124 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-15
change-person-director-company-with-change-date
officers · CH01
2023-02-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-04
change-person-director-company-with-change-date
officers · CH01
2022-03-04
change-person-director-company-with-change-date
officers · CH01
2022-03-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-04