AIROJUDGE LIMITED

🌳Matureactive
02180296 · ltd · incorporated 1987-10-19
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

31 live charges · 6 lenders · oldest 38.6y

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 38.6 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (79/100)

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
31 charges (31/31 with lender, 31/31 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
157 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees2200

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (74 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-04-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-11-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-04-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2014-04-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-11-27
    🔓
    Charge satisfied #24
  17. 2008-07-07
    🔒
    Charge registered #31
    Lender: Skipton Building Society
  18. 2007-08-17
    🔒
    Charge registered #30
    Lender: Barclays Bank PLC
  19. 2007-08-17
    🔒
    Charge registered #29
    Lender: Barclays Bank PLC
  20. 2007-07-24
    🔓
    Charge satisfied #4
  21. 2005-12-03
    🔓
    Charge satisfied #27
  22. 2005-12-03
    🔓
    Charge satisfied #26
  23. 2004-05-07
    🔒
    Charge registered #28
    Lender: Barclays Bank PLC
  24. 2004-05-05
    🔒
    Charge registered #27
    Lender: Barclays Bank PLC
  25. 2004-04-01
    🔒
    Charge registered #26
    Lender: Barclays Bank PLC
  26. 2002-04-24
    🔓
    Charge satisfied #25
  27. 2002-04-24
    🔓
    Charge satisfied #23
  28. 2002-04-24
    🔓
    Charge satisfied #22
  29. 2002-04-24
    🔓
    Charge satisfied #21
  30. 2002-04-24
    🔓
    Charge satisfied #20
  31. 2002-04-24
    🔓
    Charge satisfied #19
  32. 2002-04-24
    🔓
    Charge satisfied #18
  33. 2002-04-24
    🔓
    Charge satisfied #17
  34. 2002-04-24
    🔓
    Charge satisfied #16
  35. 2002-04-24
    🔓
    Charge satisfied #15
  36. 2002-04-24
    🔓
    Charge satisfied #14
  37. 2002-04-24
    🔓
    Charge satisfied #13
  38. 2002-04-24
    🔓
    Charge satisfied #12
  39. 2002-04-24
    🔓
    Charge satisfied #11
  40. 2002-04-24
    🔓
    Charge satisfied #10
  41. 2002-04-24
    🔓
    Charge satisfied #9
  42. 2002-04-24
    🔓
    Charge satisfied #8
  43. 2002-04-24
    🔓
    Charge satisfied #7
  44. 2002-04-24
    🔓
    Charge satisfied #6
  45. 2002-04-24
    🔓
    Charge satisfied #5
  46. 2001-09-03
    🔒
    Charge registered #25
    Lender: Woolwich PLC
  47. 2001-04-17
    🔒
    Charge registered #24
    Lender: Woolwich PLC
  48. 2001-04-17
    🔒
    Charge registered #23
    Lender: Woolwich PLC
  49. 1999-03-24
    🔒
    Charge registered #22
    Lender: Woolwich PLC
  50. 1999-03-24
    🔒
    Charge registered #21
    Lender: Woolwich PLC
Showing most recent 50 of 74 events

Owner dependency

81/100
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.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Abdul Fazal Bhanji
Individual · British · DOB 09/1949 · age 77
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1987-10-19
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

82 St John Street
London
EC1M 4JN

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-29
Last: 2026-04-15

Officers (3 active · 0 resigned)

BHANJI, Abdul Fazal→
secretary
View their other companies + combined net worth →
Active
BHANJI, Abdul Fazal→
director · ~77y
View their other companies + combined net worth →
Active
BHANJI, Arzina→
director · ~71y
View their other companies + combined net worth →
Active

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

Mortgages & charges

31
Total charges
4
Outstanding
2
Active lenders
Status:Lender:31 of 31 shown
TypeProperties
outstanding
Skipton Building Society
Legal charge1 property07/07/2008—
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property17/08/2007—
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property17/08/2007—
outstanding
Barclays
Barclays Bank PLC
Mortgage1 property07/05/2004—
satisfied
Barclays
Barclays Bank PLC
Mortgage1 property05/05/200403/12/2005
satisfied
Barclays
Barclays Bank PLC
Mortgage1 property01/04/200403/12/2005
satisfied
Woolwich
Woolwich PLC
Mortgage1 property03/09/200124/04/2002
satisfied
Woolwich
Woolwich PLC
Floating charge1 property17/04/200127/11/2013
satisfied
Woolwich
Woolwich PLC
Mortgage deed1 property17/04/200124/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Woolwich
Woolwich PLC
Mortgage1 property24/03/199924/04/2002
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property10/04/199224/07/2007
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property25/02/198923/04/1992
satisfied
Midland Bank
Midland Bank PLC
Charge1 property08/06/198823/04/1992
satisfied
Midland Bank
Midland Bank PLC
Legal charge1 property18/11/198720/11/1989
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (157 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2019-04-23