FLYAIR LIMITED

⚰️Wound downdissolved
01821922 · ltd · incorporated 1984-06-05
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 37.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
52/100
Worth a look
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What this business does
Primary activity: Travel agency activities
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 52/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · oldest 37.6y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 37.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: low (54/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
119 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
20
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
46
Multiple red flags — proceed with caution.
Signal strength
100
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 (37 events)Click to expand
  1. 2025-11-25
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2025-11-25
    🏁
    Company dissolved
  3. 2025-05-20
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  4. 2025-04-01
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2025-03-20
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2025-03-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2025-01-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2025-01-24
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  10. 2025-01-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-01-23
    ➖
    LALL, Sunil resigned
    director
  12. 2024-12-01
    ➕
    LALL, Neelam appointed
    director
  13. 2024-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2023-05-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2022-07-19
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  16. 2022-06-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2021-07-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2021-03-03
    📄
    capital-return-purchase-own-shares
    capital · SH03
  19. 2020-10-09
    📄
    legacy
    capital · SH20
  20. 2020-10-09
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  21. 2020-10-09
    ⚠️
    legacy
    insolvency · CAP-SS
  22. 2020-10-09
    📄
    resolution
    resolution · RESOLUTIONS
  23. 2013-12-01
    ➕
    LALL, Neelam appointed
    secretary
  24. 2013-12-01
    ➖
    LALL, Suneil resigned
    secretary
  25. 2013-12-01
    ➖
    LALL, Neelam resigned
    director
  26. 2004-06-21
    ➖
    AL ZAYANI, Fariq resigned
    director
  27. 2004-06-21
    ➕
    LALL, Neelam appointed
    director
  28. 2003-03-29
    ➕
    LALL, Suneil appointed
    secretary
  29. 2003-03-28
    ➖
    MEYER, Janine Marjorie resigned
    secretary
  30. 1998-09-23
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  31. 1997-09-15
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  32. 1996-01-22
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  33. 1994-11-07
    ➕
    MEYER, Janine Marjorie appointed
    secretary
  34. 1994-11-07
    ➖
    BAVINGTON CORPORATE SERVICES LIMITED resigned
    corporate-secretary
  35. 1990-05-14
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  36. 1988-10-31
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  37. 1984-06-05
    🏢
    Company incorporated
    As FLYAIR LIMITED

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high · 1 low
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2025-11-25

1 insolvency-related filing on record
high

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

Evidence: 2020-10-09: legacy

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Neelam Lall
Individual · British · DOB 05/1965 · age 61
——board controlboard control11/05/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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

10 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 →
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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

Statusdissolved
Typeltd
Incorporated1984-06-05
Jurisdictionengland-wales
Primary SIC79110 — Travel agency activities

Registered office

27 Montana Road
London
SW17 8SN

Filing status

Accounts
Next due: —
Last made up to: 2024-12-31
Confirmation statement
Next due: —
Last: 2025-01-24

Officers (0 active · 6 resigned)

LALL, Neelam→
secretary · appointed 2013-12-01
View their other companies + combined net worth →
Active
LALL, Neelam→
director · ~61y · appointed 2024-12-01
View their other companies + combined net worth →
Active
LALL, Suneil→
secretary · appointed 2003-03-29 · resigned 2013-12-01
Resigned
MEYER, Janine Marjorie→
secretary · appointed 1994-11-07 · resigned 2003-03-28
Resigned
BAVINGTON CORPORATE SERVICES LIMITED→
corporate-secretary · resigned 1994-11-07
Resigned
AL ZAYANI, Fariq→
director · ~81y · resigned 2004-06-21
Resigned
LALL, Neelam→
director · ~61y · appointed 2004-06-21 · resigned 2013-12-01
Resigned
LALL, Sunil→
director · ~70y · resigned 2025-01-23
Resigned

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

Mortgages & charges

5
Total charges
5
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Charge over credit balances1 property23/09/1998—
outstanding
National Westminster Bank
National Westminster Bank PLC
Charge over credit balances1 property15/09/1997—
outstanding
National Westminster Bank
National Westminster Bank PLC
Charge over credit balances1 property22/01/1996—
outstanding
National Westminster Bank
National Westminster Bank PLC
Charge over credit balances.1 property14/05/1990—
outstanding
National Westminster Bank
National Westminster Bank PLC
Charge over credit balances1 property31/10/1988—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (119 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2025-11-25
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2025-05-20
gazette-notice-voluntary
gazette · GAZ1(A)
2025-04-01
dissolution-application-strike-off-company
dissolution · DS01
2025-03-20
appoint-person-director-company-with-name-date
officers · AP01
2025-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-24
change-person-secretary-company-with-change-date
officers · CH03
2025-01-24
termination-director-company-with-name-termination-date
officers · TM01
2025-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-03