AVIATION & DEFENCE SPARES LIMITED
🌳Matureactive
02470351 · ltd · incorporated 1990-02-15
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
11 live charges · 3 lenders · oldest 28.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 28.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (57/100)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
No iXBRL financials extracted
0
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
10 officers (5 active, 10 linked, 8 with DOB)
86
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
143 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
- 2026-01-19📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-01➕BRYANT, Dominic appointeddirector
- 2025-10-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-23📄change-person-director-company-with-change-dateofficers · CH01
- 2025-08-21📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-18📄accounts-with-accounts-type-fullaccounts · AA
- 2024-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-19🔒Charge registered #11Lender: Hsbc UK Bank PLC
- 2024-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-29📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-16🔒Charge registered #10Lender: Hsbc Invoice Finance (UK) LTD
- 2024-09-25📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-25📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-16📄accounts-with-accounts-type-fullaccounts · AA
- 2023-11-30📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-27📄accounts-with-accounts-type-fullaccounts · AA
- 2023-04-05📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-24📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-28📄resolutionresolution · RESOLUTIONS
- 2021-09-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-05-27📄accounts-with-accounts-type-fullaccounts · AA
- 2021-05-01➕PRCHAL, Jakub appointeddirector
- 2021-05-01➖GORDON, Jennifer Ann resignedsecretary
- 2021-02-26➖GORDON, Jennifer Ann resigneddirector
- 2021-02-26➖GORDON, Nicholas Peter resigneddirector
- 2020-10-01➕BROWN, Stephen appointeddirector
- 2020-05-14🔓Charge satisfied #5
- 2020-05-14🔓Charge satisfied #4
- 2020-05-14🔓Charge satisfied #3
- 2020-05-14🔓Charge satisfied #2
- 2020-05-14🔓Charge satisfied #1
- 2020-02-04🔒Charge registered #9Lender: Hsbc UK Bank PLC
- 2020-02-04🔒Charge registered #8Lender: Hsbc UK Bank PLC
- 2020-02-04🔒Charge registered #7Lender: Hsbc UK Bank PLC
- 2020-02-04🔒Charge registered #6Lender: Hsbc UK Bank PLC
- 2017-06-29🔒Charge registered #5Lender: National Westminster Bank PLC
- 2016-09-15🔒Charge registered #4Lender: National Westminster Bank PLC
- 2012-06-27🔒Charge registered #3Lender: National Westminster Bank PLC
- 2012-02-28➕GORDON, Matthew Charles appointeddirector
- 2008-10-03🔒Charge registered #2Lender: National Westminster Bank PLC
- 2005-11-02➕GORDON, Jennifer Ann appointeddirector
- 2005-02-25➕GORDON, James Nicholas Molyneux appointeddirector
- 1997-11-06🔒Charge registered #1Lender: National Westminster Bank PLC
- 1997-05-01➕GORDON, Jennifer Ann appointedsecretary
- 1997-04-30➖MONDS, Edward Brooks Beatty resignedsecretary
- 1997-04-30➖ADAMS, Barry Julian resigneddirector
- 1992-08-28➕GORDON, Nicholas Peter appointeddirector
- 1990-02-15🏢Company incorporatedAs AVIATION & DEFENCE SPARES LIMITED
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Aviation & Defence Spares Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Aviation & Defence Spares Group Limited
Corporate parent · holds 75-100% shares · board control
⬇
AVIATION & DEFENCE SPARES LIMITED
This company · 02470351
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Aviation & Defence Spares Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 17/09/2021 |
3 historic (ceased) PSCs
- James Nicholas Molyneux Gordonceased 17/09/2021· 25-50% shares · 25-50% voting
- Mr Matthew Charles Gordonceased 17/09/2021· 25-50% shares · 25-50% voting
- Mr Nicholas Peter Gordonceased 25/02/2021· 25-50% shares · 25-50% voting
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.
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|---|---|---|---|---|---|---|---|
| A.T. MEDICAL LTD→ 07128891 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
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| APACHE AUCTIONS LTD→ 10917018 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ARMWRAP LTD→ 15604950 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ARNO BATHROOMS LTD→ 13949788 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ATLAS CERAMICS (SOUTH) LIMITED→ 05318753 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| AUBREY COMMERCIAL SERVICES LTD→ 14182824 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AUTOMATIC CHOICE INTERNATIONAL LIMITED→ 04992319 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| AVON DAIRY LTD→ 12458114 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AYPECK LIMITED→ 09120393 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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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
Incorporated1990-02-15
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade
Registered office
Unit 3 Branksome Business Park
Bourne Valley Road
Poole
Dorset
BH12 1DW
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31
Officers (5 active · 5 resigned)
BROWN, Stephen→
Activedirector · ~44y · appointed 2020-10-01
View their other companies + combined net worth →
BRYANT, Dominic→
Activedirector · ~49y · appointed 2025-10-01
View their other companies + combined net worth →
GORDON, James Nicholas Molyneux→
Activedirector · ~51y · appointed 2005-02-25
View their other companies + combined net worth →
GORDON, Matthew Charles→
Activedirector · ~53y · appointed 2012-02-28
View their other companies + combined net worth →
PRCHAL, Jakub→
Activedirector · ~40y · appointed 2021-05-01
View their other companies + combined net worth →
GORDON, Jennifer Ann→
Resignedsecretary · appointed 1997-05-01 · resigned 2021-05-01
MONDS, Edward Brooks Beatty→
Resignedsecretary · resigned 1997-04-30
ADAMS, Barry Julian→
Resigneddirector · ~71y · resigned 1997-04-30
GORDON, Jennifer Ann→
Resigneddirector · ~85y · appointed 2005-11-02 · resigned 2021-02-26
GORDON, Nicholas Peter→
Resigneddirector · ~86y · appointed 1992-08-28 · resigned 2021-02-26
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
6
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 19/11/2024 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 16/10/2024 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 04/02/2020 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 04/02/2020 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 04/02/2020 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 04/02/2020 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 29/06/2017 | 14/05/2020 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 15/09/2016 | 14/05/2020 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Charge of deposit | 1 property | 27/06/2012 | 14/05/2020 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 03/10/2008 | 14/05/2020 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 06/11/1997 | 14/05/2020 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (143 total)
change-person-director-company-with-change-date
officers · CH01
2026-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
appoint-person-director-company-with-name-date
officers · AP01
2025-10-01
change-person-director-company-with-change-date
officers · CH01
2025-09-23
change-person-director-company-with-change-date
officers · CH01
2025-08-21
accounts-with-accounts-type-full
accounts · AA
2025-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-31
change-person-director-company-with-change-date
officers · CH01
2024-10-29
change-person-director-company-with-change-date
officers · CH01
2024-09-25
change-person-director-company-with-change-date
officers · CH01
2024-09-25
accounts-with-accounts-type-full
accounts · AA
2024-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-02
change-person-director-company-with-change-date
officers · CH01
2023-11-30