AIR SURVEYS LIMITED

🌳Matureactive
01918699 · ltd · incorporated 1985-06-03
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 29.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£-45.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Technical testing and analysis
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 29.7y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 29.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
104 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 · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £45,004

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£45k
↓ 2.4% YoY
Current Assets
£25k
↓ 41% YoY
Current Liabilities
—
-£45k-£27k-£10k£8k£25k£43kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£-45.0k£-30.5k
Current assets£25.2k£42.7k
Net assets£-45.0k£-44.0k

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
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-11-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2023-10-31
    ➖
    LAURENT, Trevor Anthony resigned
    director
  6. 2023-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-01-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-01-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-06-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-08-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2018-08-22
    🔓
    Charge satisfied #1
  15. 2018-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-03-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-01-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2004-01-26
    ➕
    BRADLEY, Christine appointed
    director
  19. 2004-01-26
    ➕
    LAURENT, Trevor Anthony appointed
    director
  20. 2004-01-26
    ➖
    THOMAS, Philip Michael resigned
    director
  21. 2000-11-25
    ➕
    THOMAS, Mark Richard appointed
    secretary
  22. 2000-11-25
    ➖
    THOMAS, Mairwen resigned
    secretary
  23. 2000-11-25
    ➖
    THOMAS, Mairwen resigned
    director
  24. 2000-11-25
    ➖
    THOMAS, Myrddin Price resigned
    director
  25. 1996-10-13
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  26. 1985-06-03
    🏢
    Company incorporated
    As AIR SURVEYS 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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

86/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 41 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

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 Mark Richard Thomas
Individual · British · DOB 08/1962 · age 64
75–100%
—75-100% shares06/04/2016

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

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

7 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
Incorporated1985-06-03
Jurisdictionengland-wales
Primary SIC71200 — Technical testing and analysis

Registered office

2 College Mews
St Anns Hill
Wandsworth
London
SW18 2SJ

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (3 active · 5 resigned)

THOMAS, Mark Richard→
secretary · appointed 2000-11-25
View their other companies + combined net worth →
Active
BRADLEY, Christine→
director · ~65y · appointed 2004-01-26
View their other companies + combined net worth →
Active
THOMAS, Mark Richard→
director · ~64y
View their other companies + combined net worth →
Active
THOMAS, Mairwen→
secretary · resigned 2000-11-25
Resigned
LAURENT, Trevor Anthony→
director · ~56y · appointed 2004-01-26 · resigned 2023-10-31
Resigned
THOMAS, Mairwen→
director · ~93y · resigned 2000-11-25
Resigned
THOMAS, Myrddin Price→
director · ~97y · resigned 2000-11-25
Resigned
THOMAS, Philip Michael→
director · ~71y · resigned 2004-01-26
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Debenture deed1 property13/10/199622/08/2018

Recent filings (104 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-12
termination-director-company-with-name-termination-date
officers · TM01
2023-11-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-06
change-person-director-company-with-change-date
officers · CH01
2022-01-06
change-person-director-company-with-change-date
officers · CH01
2022-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-09
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-31