AIR CAT LIMITED
🌳Matureactive
02588828 · ltd · incorporated 1991-03-05
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
—
year to Dec 2025
Net worth
£659.2k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 46140
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 77/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. 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 (65/100).
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 35.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 35.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 7 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
120 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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £659,205
Net assets shrinking
Down £139,698 YoY
Cash YoY
+305%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£97k
↑ 305% YoY
Net Worth
£659k
↓ 17% YoY
Current Assets
£1.1m
↓ 9.1% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total assets | £663.0k | £799.5k |
| Current assets | £1.14M | £1.26M |
| Cash | £96.7k | £23.9k |
| Debtors | £883.6k | £1.06M |
| Net assets | £659.2k | £798.9k |
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 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (52 events)Click to expand
- 2026-06-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-21🔓Charge satisfied #5
- 2025-07-21🔓Charge satisfied #3
- 2025-06-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-10🔓Charge satisfied #4
- 2025-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-28🔒Charge registered #7Lender: Barclays Security Trustee Limited
- 2025-02-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-14🔒Charge registered #6Lender: Barclays Security Trustee Limited
- 2024-05-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-21📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2021-04-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-05📄change-person-director-company-with-change-dateofficers · CH01
- 2021-03-05📄change-person-director-company-with-change-dateofficers · CH01
- 2021-03-05📄change-person-director-company-with-change-dateofficers · CH01
- 2020-06-19📍change-sail-address-company-with-new-addressaddress · AD02
- 2020-05-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-19🔒Charge registered #5Lender: National Westminster Bank PLC
- 2019-07-23🔒Charge registered #4Lender: Rbs Invoice Finance LTD
- 2018-11-14➕GATE, Paul appointeddirector
- 2018-11-14➕SLENEY, Andrew appointeddirector
- 2018-11-14➕TUPLING, Stephen John appointeddirector
- 2018-11-14➖MEAKIN, Peter Anthony resigneddirector
- 2018-11-14➖ORRIEL, Simon Matthew resigneddirector
- 2018-11-14🔒Charge registered #3Lender: National Westminster Bank PLC
- 2018-06-28➖GAWTHORPE, Christine resignedsecretary
- 2017-02-15🔓Charge satisfied #2
- 2012-02-22🔓Charge satisfied #1
- 2003-12-10🔒Charge registered #2Lender: National Westminster Bank PLC
- 1994-11-29➕GAWTHORPE, Christine appointedsecretary
- 1994-11-29➖ORRIEL, Simon Matthew resignedsecretary
- 1994-07-15➕ORRIEL, Simon Matthew appointedsecretary
- 1994-07-15➖UNGLESS, David Raymond resignedsecretary
- 1994-07-15➖UNGLESS, David Raymond resigneddirector
- 1993-06-29➕MEAKIN, Peter Anthony appointeddirector
- 1992-02-28➖ATTWOOD, John resigneddirector
- 1991-07-01🔒Charge registered #1Lender: National Westminster Bank PLC
- 1991-06-13➕UNGLESS, David Raymond appointedsecretary
- 1991-06-13➖L & A SECRETARIAL LIMITED resignedcorporate-nominee-secretary
- 1991-06-13➕ATTWOOD, John appointeddirector
- 1991-06-13➕ORRIEL, Simon Matthew appointeddirector
- 1991-06-13➕UNGLESS, David Raymond appointeddirector
- 1991-06-13➖L & A REGISTRARS LIMITED resignedcorporate-nominee-director
- 1991-03-05🏢Company incorporatedAs AIR CAT LIMITED
Showing most recent 50 of 52 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryStable-but-static management: Company is 35 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Atlas North Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Atlas North Holdings Limited
Corporate parent · holds 75-100% shares
⬇
AIR CAT LIMITED
This company · 02588828
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 |
|---|---|---|---|---|
Atlas North Holdings Limited Corporate entity | 75–100% | — | 75-100% shares | 14/11/2018 |
1 historic (ceased) PSC
- Mr Simon Matthew Orrielceased 14/11/2018· 50-75% 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 →Similar companies
Active · Wholesale & distribution · S postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AC CEMENT LTD→ 12785677 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ACE JANITORIAL SUPPLIES LIMITED→ 01185558 · est 1974 · no financials extracted | — | — | — | — | 51y | — | — |
| AD COMMODITIES LIMITED→ 13203655 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ADGIFTDISCOUNTS LIMITED→ 05173778 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| AFG FINEST NUTS LIMITED→ 15517357 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AFY LTD→ 12516905 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AG AGGREGATES & HAULAGE LTD→ 16177827 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AGAINST THE GRAIN ONE STOP GLUTEN-FREE SHOP LIMITED→ 16827638 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AIJIA CERAMICS UK LTD→ 09850120 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AIR ACCESSORIES (SHEFFIELD) LIMITED→ 01170532 · est 1974 · no financials extracted | — | — | — | — | 51y | — | — |
| AIR SOURCE HEAT AND POWER LTD→ 09082883 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AIRWHEEL UK LTD→ 15712655 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated1991-03-05
Jurisdictionengland-wales
Primary SIC46140 — SIC 46140
Registered office
C/O Phc Limited Atlas Way
Atlas North
Sheffield
S Yorks
S4 7QQ
England
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-03-19
Last: 2026-03-05
Officers (3 active · 9 resigned)
Active
SLENEY, Andrew→
Activedirector · ~57y · appointed 2018-11-14
View their other companies + combined net worth →
TUPLING, Stephen John→
Activedirector · ~57y · appointed 2018-11-14
View their other companies + combined net worth →
GAWTHORPE, Christine→
Resignedsecretary · appointed 1994-11-29 · resigned 2018-06-28
ORRIEL, Simon Matthew→
Resignedsecretary · appointed 1994-07-15 · resigned 1994-11-29
UNGLESS, David Raymond→
Resignedsecretary · appointed 1991-06-13 · resigned 1994-07-15
L & A SECRETARIAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 1991-03-05 · resigned 1991-06-13
ATTWOOD, John→
Resigneddirector · ~73y · appointed 1991-06-13 · resigned 1992-02-28
MEAKIN, Peter Anthony→
Resigneddirector · ~74y · appointed 1993-06-29 · resigned 2018-11-14
ORRIEL, Simon Matthew→
Resigneddirector · ~81y · appointed 1991-06-13 · resigned 2018-11-14
UNGLESS, David Raymond→
Resigneddirector · ~71y · appointed 1991-06-13 · resigned 1994-07-15
L & A REGISTRARS LIMITED→
Resignedcorporate-nominee-director · appointed 1991-03-05 · resigned 1991-06-13
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
2
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 28/02/2025 | — | |
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 14/02/2025 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 19/11/2019 | 21/07/2025 | |
| satisfied | NatWest Group Rbs Invoice Finance LTD | A registered charge | — | 23/07/2019 | 10/06/2025 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 14/11/2018 | 21/07/2025 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 10/12/2003 | 15/02/2017 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 01/07/1991 | 22/02/2012 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (120 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-21
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-21
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-04
change-sail-address-company-with-old-address-new-address
address · AD02
2022-03-21