AIRSPRUNG FURNITURE LIMITED

⚰️Wound downadministration
01503406 · ltd · incorporated 1980-06-20
Investment thesis
Company administration — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
46/100
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What this business does
Primary activity: SIC 31030
Sector: Manufacturing
ALSO REGISTERED FOR
  • 31090Manufacture of other furniture
Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 46/100 (watch), bankability 22/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (90/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 19.4y

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 19.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 60/100 (high).

Data confidence

Overall: medium (61/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
22 officers (4 active, 22 linked, 20 with DOB)
88
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
25 connected companies via shared directors
90
Filing history
155 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
46/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
31
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
2
filings
  • • 1 address
  • • 1 insolvency
Last 90 days
2
filings
  • • 1 address
  • • 1 insolvency
Last 180 days
3
filings
  • • 1 address
  • • 1 insolvency
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
  1. 2026-05-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-05-12
    ⚠️
    liquidation-in-administration-appointment-of-administrator
    insolvency · AM01
  3. 2025-11-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-11-20
    🔒
    Charge registered #3
    Lender: Hsbc UK Bank PLC
  5. 2025-01-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2024-02-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-02-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2023-10-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2023-09-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-09-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  11. 2023-01-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2022-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2021-11-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2021-04-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2020-01-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2018-12-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2018-05-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2018-05-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2016-07-06
    ➖
    MURPHY, James Michael resigned
    director
  20. 2016-07-06
    ➖
    PANES, Richard Elton resigned
    director
  21. 2016-07-06
    ➖
    YATES, Jeremy Patrick resigned
    director
  22. 2016-05-27
    ➖
    DEEPROSE, Jeffrey Allan resigned
    director
  23. 2012-10-25
    ➕
    PETERS, Simon Jeffrey appointed
    director
  24. 2012-10-25
    ➕
    PANES, Richard Elton appointed
    director
  25. 2012-09-28
    ➕
    DEEPROSE, Jeffrey Allan appointed
    director
  26. 2011-12-31
    ➖
    YATES, Stephen Graham Warriner, Mr. resigned
    director
  27. 2011-02-24
    🔓
    Charge satisfied #1
  28. 2011-01-12
    ➖
    LYONS, Stuart Randolph resigned
    director
  29. 2011-01-12
    ➖
    NEWMAN, John resigned
    director
  30. 2010-12-17
    🔒
    Charge registered #2
    Lender: Svenska Handelsbanken Ab (Publ)
  31. 2010-03-31
    ➕
    MURPHY, James Michael appointed
    director
  32. 2010-03-31
    ➕
    YATES, Jeremy Patrick appointed
    director
  33. 2008-01-31
    ➕
    LYONS, Stuart Randolph appointed
    director
  34. 2008-01-31
    ➕
    NEWMAN, John appointed
    director
  35. 2008-01-31
    ➕
    YATES, Stephen Graham Warriner, Mr. appointed
    director
  36. 2007-03-31
    ➖
    YATES, Stephen Graham Warriner, Mr. resigned
    director
  37. 2006-12-21
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  38. 2006-02-01
    ➖
    LAMB, Paul Ronald resigned
    director
  39. 2006-02-01
    ➖
    YATES, Jeremy Patrick resigned
    director
  40. 2004-03-31
    ➕
    DALLAWAY, Tean Elizabeth appointed
    director
  41. 2004-03-31
    ➖
    ALSOP, Andrew John Rose resigned
    director
  42. 2003-12-17
    ➕
    LAMB, Paul Ronald appointed
    director
  43. 2003-02-28
    ➖
    HARRINGTON, Stephen Thomas resigned
    director
  44. 2002-04-29
    ➕
    LISANTI, Antonio appointed
    director
  45. 2002-03-28
    ➕
    HARRINGTON, Stephen Thomas appointed
    director
  46. 2002-03-28
    ➕
    YATES, Jeremy Patrick appointed
    director
  47. 2001-08-31
    ➖
    ZIEMNIAK, Peter Richard resigned
    director
  48. 2001-08-07
    ➕
    YATES, Stephen Graham Warriner, Mr. appointed
    director
  49. 1997-08-20
    ➖
    PIERCE, John Edward resigned
    director
  50. 1997-08-20
    ➕
    ZIEMNIAK, Peter Richard appointed
    director
Showing most recent 50 of 58 events

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — 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 69. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 46 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Company status: administration
high

Company is in a formal insolvency or administration process. Treat accordingly.

1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-05-12: liquidation-in-administration-appointment-of-administrator

Group structure

Airsprung Group Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Airsprung Group Plc
Corporate parent · holds 75-100% shares
ultimate parent
⬇
AIRSPRUNG FURNITURE LIMITED
This company · 01503406

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
Airsprung Group Plc
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting05/02/2024
2 historic (ceased) PSCs
  • Portnard Limitedceased 05/02/2024· 75-100% shares
  • Mr Andrew Stewart Perloffceased 04/09/2023· 50-75% 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

12 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

Statusadministration
Typeltd
Incorporated1980-06-20
Jurisdictionengland-wales
Primary SIC31030 — SIC 31030

Registered office

Pricewaterhousecoopersllp 8th Floor, Central Sqaure
29 Wellington Street
Leeds
West Yorkshire
LS1 4DL

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-07-11
Last: 2025-06-27

Officers (4 active · 18 resigned)

DALLAWAY, Tean Elizabeth→
secretary · appointed 1996-04-29
View their other companies + combined net worth →
Active
DALLAWAY, Tean Elizabeth→
director · ~59y · appointed 2004-03-31
View their other companies + combined net worth →
Active
LISANTI, Antonio→
director · ~69y · appointed 2002-04-29
View their other companies + combined net worth →
Active
PETERS, Simon Jeffrey→
director · ~49y · appointed 2012-10-25
View their other companies + combined net worth →
Active
NETLEY, Brian Malcolm→
secretary · resigned 1996-04-29
Resigned
ALSOP, Andrew John Rose→
director · ~69y · appointed 1996-04-29 · resigned 2004-03-31
Resigned
COPPEL, Michael Leonard→
director · ~95y · resigned 1994-03-31
Resigned
DEEPROSE, Jeffrey Allan→
director · ~59y · appointed 2012-09-28 · resigned 2016-05-27
Resigned
HARRINGTON, Stephen Thomas→
director · ~66y · appointed 2002-03-28 · resigned 2003-02-28
Resigned
LAMB, Paul Ronald→
director · ~68y · appointed 2003-12-17 · resigned 2006-02-01
Resigned
LYONS, Stuart Randolph→
director · ~83y · appointed 2008-01-31 · resigned 2011-01-12
Resigned
MURPHY, James Michael→
director · ~65y · appointed 2010-03-31 · resigned 2016-07-06
Resigned
NETLEY, Brian Malcolm→
director · ~90y · resigned 1996-04-29
Resigned
NEWMAN, John→
director · ~80y · appointed 2008-01-31 · resigned 2011-01-12
Resigned
PANES, Richard Elton→
director · ~60y · appointed 2012-10-25 · resigned 2016-07-06
Resigned
PIERCE, John Edward→
director · ~83y · appointed 1994-04-01 · resigned 1997-08-20
Resigned
YATES, Jeremy Patrick→
director · ~67y · appointed 2010-03-31 · resigned 2016-07-06
Resigned
YATES, Jeremy Patrick→
director · ~67y · appointed 2002-03-28 · resigned 2006-02-01
Resigned
YATES, John Graham Warriner→
director · ~111y · resigned 1995-04-01
Resigned
YATES, Stephen Graham Warriner, Mr.→
director · ~72y · appointed 2008-01-31 · resigned 2011-12-31
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property20/11/2025—
outstanding
Svenska Handelsbanken Ab (Publ)
Mortgage debenture1 property17/12/2010—
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property21/12/200624/02/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (155 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-12
liquidation-in-administration-appointment-of-administrator
insolvency · AM01
2026-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-02
accounts-with-accounts-type-full
accounts · AA
2025-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-02-05
accounts-with-accounts-type-full
accounts · AA
2023-10-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-27
accounts-with-accounts-type-full
accounts · AA
2023-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-04
change-person-director-company-with-change-date
officers · CH01
2022-02-28