AIR FIELD LIGHTING LIMITED

💤Zombieactive
02264456 · ltd · incorporated 1988-06-03
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒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: Wholesale of furniture, carpets and lighting equipment
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 13.9y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 13.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
12 officers (1 active, 12 linked, 7 with DOB)
82
Ownership & PSC
2 active PSC(s) of 6 total, 6 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
132 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
60
Some acquirability indicators.
Risk profile
85
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 employees1100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2025-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-11-06
    📄
    capital-return-purchase-own-shares
    capital · SH03
  3. 2025-10-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2025-10-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-10-09
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2025-10-07
    📄
    capital-cancellation-shares
    capital · SH06
  7. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-03-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2023-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-09-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2017-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-08-31
    ➖
    GIBSON, Bonnie resigned
    secretary
  18. 2016-08-31
    ➖
    SPICER, Richard David resigned
    director
  19. 2016-08-31
    ➖
    SPICER, Robert John resigned
    director
  20. 2012-06-11
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  21. 2011-10-10
    ➕
    SPICER, Robert John appointed
    director
  22. 2011-09-21
    ➕
    SPICER, Richard David appointed
    director
  23. 2011-07-09
    ➕
    GIBSON, Bonnie appointed
    secretary
  24. 2011-07-08
    ➖
    GIBSON, Bonnie Nicole resigned
    secretary
  25. 2011-07-08
    ➖
    SPICER, Richard David resigned
    director
  26. 2011-07-08
    ➖
    SPICER, Robert John resigned
    director
  27. 2010-11-15
    ➕
    GIBSON, Bonnie Nicole appointed
    secretary
  28. 2010-11-15
    ➖
    SPICER, Tracey Jaqueline resigned
    secretary
  29. 2005-11-22
    ➕
    SPICER, Richard David appointed
    director
  30. 2005-11-22
    ➕
    SPICER, Robert John appointed
    director
  31. 2004-11-10
    ➕
    SPICER, Keith Andre appointed
    director
  32. 2004-11-10
    ➖
    SPICER, Keith Andre resigned
    secretary
  33. 2004-11-10
    ➕
    SPICER, Tracey Jaqueline appointed
    secretary
  34. 2004-11-10
    ➖
    SPICER, Roy George resigned
    director
  35. 1994-10-03
    ➕
    SPICER, Keith Andre appointed
    secretary
  36. 1994-05-21
    ➖
    BOAST, Barry Paul resigned
    secretary
  37. 1994-05-21
    ➖
    BOAST, Barry Paul resigned
    director
  38. 1988-06-03
    🏢
    Company incorporated
    As AIR FIELD LIGHTING LIMITED

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 38 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.)

Group structure

Agl Advancement Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Agl Advancement Ltd
Corporate parent · board control
⬇
AIR FIELD LIGHTING LIMITED
This company · 02264456

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Agl Advancement Ltd
Corporate entity
—75–100%board control75-100% voting · board control31/08/2016
Mr Roy George Spicer
Individual · British · DOB 01/1937 · age 89
75–100%
—75-100% shares06/04/2016
4 historic (ceased) PSCs
  • Mr Robert John Spicerceased 31/08/2016· 25-50% voting
  • Keith Andre Spicerceased 31/08/2016· 25-50% voting
  • Mr Richard David Spicerceased 31/08/2016· 25-50% voting
  • Mr Roy George Spicerceased 06/04/2016· 75-100% 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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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ABKG TRADING LIMITED→
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————1y——
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15920572 · est 2024 · no financials extracted
————1y——
ACORN COMPONENTS LIMITED→
05145949 · est 2004 · no financials extracted
————21y——
ACORN TEXTILES LIMITED→
04253720 · est 2001 · no financials extracted
————24y——
ADDTECH PETROLEUM CORPORATION LIMITED→
07877490 · est 2011 · no financials extracted
————14y——
AIRCRAFT COMPONENT SERVICES LIMITED→
04371529 · est 2002 · no financials extracted
————24y——
AIRCRAFT COMPONENT SPARES LTD→
16135434 · est 2024 · no financials extracted
————1y——
AKG UK PACKAGING LIMITED→
15082121 · est 2023 · no financials extracted
————2y——
AL DENTE COFFEE & PASTA LIMITED→
08072382 · est 2012 · no financials extracted
————13y——
ALCO LIVING LTD→
11352433 · est 2018 · no financials extracted
————7y——
ALICO DISTRIBUTION LTD→
12416532 · est 2020 · no financials extracted
————6y——
ALJO FRUIT&VEG LIMITED→
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————11y——
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
Incorporated1988-06-03
Jurisdictionengland-wales
Primary SIC46470 — Wholesale of furniture, carpets and lighting equipment

Registered office

Aviation House
Russell Gardens
Wickford
Essex
SS11 8BF

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-14
Last: 2025-08-31

Officers (1 active · 11 resigned)

SPICER, Keith Andre→
director · ~52y · appointed 2004-11-10
View their other companies + combined net worth →
Active
BOAST, Barry Paul→
secretary · resigned 1994-05-21
Resigned
GIBSON, Bonnie→
secretary · appointed 2011-07-09 · resigned 2016-08-31
Resigned
GIBSON, Bonnie Nicole→
secretary · appointed 2010-11-15 · resigned 2011-07-08
Resigned
SPICER, Keith Andre→
secretary · appointed 1994-10-03 · resigned 2004-11-10
Resigned
SPICER, Tracey Jaqueline→
secretary · appointed 2004-11-10 · resigned 2010-11-15
Resigned
BOAST, Barry Paul→
director · ~87y · resigned 1994-05-21
Resigned
SPICER, Richard David→
director · ~55y · appointed 2011-09-21 · resigned 2016-08-31
Resigned
SPICER, Richard David→
director · ~55y · appointed 2005-11-22 · resigned 2011-07-08
Resigned
SPICER, Robert John→
director · ~62y · appointed 2011-10-10 · resigned 2016-08-31
Resigned
SPICER, Robert John→
director · ~62y · appointed 2005-11-22 · resigned 2011-07-08
Resigned
SPICER, Roy George→
director · ~89y · resigned 2004-11-10
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property11/06/2012—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (132 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-02
capital-return-purchase-own-shares
capital · SH03
2025-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-10-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-23
resolution
resolution · RESOLUTIONS
2025-10-09
capital-cancellation-shares
capital · SH06
2025-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-07
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-31