AIRFAST ENGINEERING SERVICES LIMITED

💤Zombieactive
01279766 · ltd · incorporated 1976-10-01
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 65). 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 (73/100).

Data confidence

Overall: medium (58/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
93 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-10-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-09-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2024-08-07
    BILLS, Raymond Reginald resigned
    director
  4. 2024-07-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-09-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-09-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2021-09-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-01-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2019-09-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2018-09-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2017-06-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2016-10-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2016-04-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-10-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2015-04-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-09-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2014-04-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 1976-10-01
    🏢
    Company incorporated
    As AIRFAST ENGINEERING SERVICES LIMITED

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 50 years old and no new directors in the last 3 years — succession not yet being planned internally.

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
Mr Raymond Reginald Bills
Individual · British · DOB 10/1937 · age 89
75100%
75-100% shares16/04/2016

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.

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Company details

Statusactive
Typeltd
Incorporated1976-10-01
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

C/O Arbil Limited, Providence
Street, Lye
Stourbridge
West Midlands
DY9 8HS

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-04-30
Last: 2025-04-16

Officers (2 active · 1 resigned)

BILLS, Timothy Scott
secretary
View their other companies + combined net worth →
Active
BILLS, Timothy Scott
director · ~65y
View their other companies + combined net worth →
Active
BILLS, Raymond Reginald
director · ~89y · resigned 2024-08-07
Resigned

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

Recent filings (93 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
termination-director-company-with-name-termination-date
officers · TM01
2024-09-13
accounts-with-accounts-type-dormant
accounts · AA
2024-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-19
accounts-with-accounts-type-dormant
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-28
accounts-with-accounts-type-dormant
accounts · AA
2022-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-26
accounts-with-accounts-type-dormant
accounts · AA
2021-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-30
accounts-with-accounts-type-dormant
accounts · AA
2021-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-24
accounts-with-accounts-type-dormant
accounts · AA
2019-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-16