AIRFARES DIRECT LTD

💤Zombieactive
02423614 · ltd · incorporated 1989-09-18
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 Apr 2025
Net worth
£2
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Travel agency activities
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. 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).

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
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£2
~ YoY
Current Assets
—
Current Liabilities
—
£0£0£1£1£2£2Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£2£2
Net assets£2£2

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
6
filings
  • • 2 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-01-16
    ➖
    BENNETT, John Graham resigned
    director
  2. 2026-01-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-01-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-01-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2026-01-08
    ➕
    BENNETT, Paul Graham appointed
    director
  6. 2026-01-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2026-01-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2024-01-11
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  10. 2024-01-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-07-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-12-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-05-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-01-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2017-01-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2007-01-13
    ➖
    BENNETT, Edna Marion resigned
    director
  19. 1996-12-31
    ➕
    BENNETT, Paul Graham appointed
    secretary
  20. 1996-12-31
    ➖
    BENNETT, John Graham resigned
    secretary
  21. 1996-12-31
    ➖
    BENNETT, John Graham resigned
    director
  22. 1992-01-14
    ➕
    BENNETT, John Graham appointed
    director
  23. 1989-09-18
    🏢
    Company incorporated
    As AIRFARES DIRECT LTD

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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
NameSharesVoting rightsNature of controlNotified
Mr Paul Graham Bennett
Individual · British · DOB 04/1971 · age 55
——sig. influencesignificant influence15/01/2026
1 historic (ceased) PSC
  • Mr John Bennettceased 16/01/2026· 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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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
Incorporated1989-09-18
Jurisdictionengland-wales
Primary SIC79110 — Travel agency activities

Registered office

39 Crouch Street
Colchester
Essex
CO3 3EN

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14

Officers (2 active · 4 resigned)

BENNETT, Paul Graham→
secretary · appointed 1996-12-31
View their other companies + combined net worth →
Active
BENNETT, Paul Graham→
director · ~55y · appointed 2026-01-08
View their other companies + combined net worth →
Active
BENNETT, John Graham→
secretary · resigned 1996-12-31
Resigned
BENNETT, Edna Marion→
director · ~85y · resigned 2007-01-13
Resigned
BENNETT, John Graham→
director · ~90y · appointed 1992-01-14 · resigned 2026-01-16
Resigned
BENNETT, John Graham→
director · ~90y · resigned 1996-12-31
Resigned

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

Recent filings (87 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-16
termination-director-company-with-name-termination-date
officers · TM01
2026-01-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-15
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-08
appoint-person-director-company-with-name-date
officers · AP01
2026-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-17
change-person-secretary-company-with-change-date
officers · CH03
2024-01-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-26