AIR WESTWARD LIMITED
🌳Matureactive
01636288 · ltd · incorporated 1982-05-18
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 43.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£2.08M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
PursueActive trading company with a 94-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 65/100. Strong seller-intent signal (63/100, director aged 94). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 43.4y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 43.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
6 officers (3 active, 6 linked, 5 with DOB)
87
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
111 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £2,076,536
Cash YoY
-10%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£380k
↓ 10% YoY
Net Worth
£2.1m
~ YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Cash | £379.9k | £422.3k |
| Net assets | £2.08M | £2.07M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-27📄capital-cancellation-sharescapital · SH06
- 2025-05-27📄capital-return-purchase-own-sharescapital · SH03
- 2025-04-01📄resolutionresolution · RESOLUTIONS
- 2024-12-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-27📄capital-return-purchase-own-sharescapital · SH03
- 2024-08-23📄capital-cancellation-sharescapital · SH06
- 2024-07-12📄resolutionresolution · RESOLUTIONS
- 2023-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2012-11-03➖LYDDON, Terence Frank resignedsecretary
- 2010-03-31🔒Charge registered #4Lender: National Westminster Bank PLC
- 2009-01-12➕PROCTER, Nichola Amanda appointeddirector
- 2006-10-16➖GLASSER, Jeffrey Martin resigneddirector
- 1993-10-31➖THOMAS, Anthony Andrew resigneddirector
- 1982-12-17🔒Charge registered #2Lender: Lombard North Central PLC
- 1982-12-17🔒Charge registered #1Lender: Lombard North Central PLC
- 1982-12-16🔒Charge registered #3Lender: National Westminster Bank PLC
- 1982-05-18🏢Company incorporatedAs AIR WESTWARD LIMITED
Owner dependency
83/100
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
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 94 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 94 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 17 years.
- secondaryStable-but-static management: Company is 44 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Brendan Leonard Procter Individual · British · DOB 04/1958 · age 68 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Leonard Clarence James Procter Individual · British · DOB 08/1932 · age 94 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
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| ALDER AND ALDER LIMITED→ 05532322 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ALL IN RUN CLUB LTD→ 16297787 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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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
Incorporated1982-05-18
Jurisdictionengland-wales
Primary SIC93290 — Other amusement and recreation activities n.e.c.
Registered office
Air Westward Ltd Dunkeswell Aerodrome
Dunkeswell
Honiton
Devon
EX14 4LG
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-06
Last: 2025-12-23
Officers (3 active · 3 resigned)
Active
Active
PROCTER, Nichola Amanda→
Activedirector · ~40y · appointed 2009-01-12
View their other companies + combined net worth →
LYDDON, Terence Frank→
Resignedsecretary · resigned 2012-11-03
GLASSER, Jeffrey Martin→
Resigneddirector · ~78y · resigned 2006-10-16
THOMAS, Anthony Andrew→
Resigneddirector · ~70y · resigned 1993-10-31
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 31/03/2010 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | Aircraft mortgage | 1 property | 17/12/1982 | — | |
| outstanding | Lombard North Central Lombard North Central PLC | Aircraft mortgage | 1 property | 17/12/1982 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 16/12/1982 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (111 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-17
capital-cancellation-shares
capital · SH06
2025-05-27
capital-return-purchase-own-shares
capital · SH03
2025-05-27
resolution
resolution · RESOLUTIONS
2025-04-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-30
capital-return-purchase-own-shares
capital · SH03
2024-08-27
capital-cancellation-shares
capital · SH06
2024-08-23
resolution
resolution · RESOLUTIONS
2024-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-03