AIRTRUST LIMITED

💤Zombieactive
02659082 · ltd · incorporated 1991-10-31
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
£2
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). 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 (73/100).

Data confidence

Overall: high (81/100)

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
Confirmed no charges registered
85
Directors & officers
15 officers (2 active, 15 linked, 9 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
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
£2
~ YoY
Current Liabilities
—
£0£0£1£1£2£2Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£2£2
Current 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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2025-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-12-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-02-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-12-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2019-02-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2018-12-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2017-12-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2017-01-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2016-01-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2015-12-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-01-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2014-12-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-03-16
    ➕
    HUNT, Susan Dawn appointed
    secretary
  17. 2012-01-31
    ➖
    MOORE, Christopher James resigned
    secretary
  18. 2010-06-03
    ➖
    PRICE, David John resigned
    director
  19. 2001-08-03
    ➖
    BALL, David Leslie resigned
    secretary
  20. 2001-08-03
    ➕
    MOORE, Christopher James appointed
    secretary
  21. 1998-10-30
    ➕
    BALL, David Leslie appointed
    secretary
  22. 1998-10-30
    ➖
    PRICE, David John resigned
    secretary
  23. 1997-10-31
    ➕
    BALL, David Leslie appointed
    director
  24. 1997-10-31
    ➖
    BALL, Raymond Leslie resigned
    director
  25. 1997-10-31
    ➖
    RAYBOULD, Ian John resigned
    director
  26. 1996-10-26
    ➕
    PRICE, David John appointed
    secretary
  27. 1996-10-26
    ➖
    RAYBOULD, Ian John resigned
    secretary
  28. 1996-10-26
    ➖
    BALL, Geoffrey James resigned
    director
  29. 1993-10-01
    ➕
    BALL, Geoffrey James appointed
    director
  30. 1993-10-01
    ➕
    PRICE, David John appointed
    director
  31. 1993-06-30
    ➖
    STOKES, Raymond Alwyn resigned
    director
  32. 1992-11-02
    ➖
    BRAZIER, Maxwell John resigned
    director
  33. 1991-11-29
    ➖
    MANDERS, Douglas Nigel resigned
    nominee-secretary
  34. 1991-11-29
    ➕
    RAYBOULD, Ian John appointed
    secretary
  35. 1991-11-29
    ➕
    BALL, Raymond Leslie appointed
    director
  36. 1991-11-29
    ➕
    BRAZIER, Maxwell John appointed
    director
  37. 1991-11-29
    ➖
    MANDERS, Douglas Nigel resigned
    nominee-director
  38. 1991-11-29
    ➖
    MARSDEN, Emma Jane resigned
    director
  39. 1991-11-29
    ➕
    RAYBOULD, Ian John appointed
    director
  40. 1991-11-29
    ➕
    STOKES, Raymond Alwyn appointed
    director
  41. 1991-10-31
    🏢
    Company incorporated
    As AIRTRUST LIMITED
  42. 1991-10-31
    ➕
    MANDERS, Douglas Nigel appointed
    nominee-secretary
  43. 1991-10-31
    ➕
    MANDERS, Douglas Nigel appointed
    nominee-director
  44. 1991-10-31
    ➕
    MARSDEN, Emma Jane appointed
    director

Owner dependency

93/100
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 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 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

Elta Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Elta Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
AIRTRUST LIMITED
This company · 02659082

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%
NameSharesVoting rightsNature of controlNotified
Elta Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated1991-10-31
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

Unit 46 Third Avenue
Pensnett Trading Estate
Kingswinford
West Midlands
DY6 7US

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31

Officers (2 active · 13 resigned)

HUNT, Susan Dawn→
secretary · appointed 2012-03-16
View their other companies + combined net worth →
Active
BALL, David Leslie→
director · ~59y · appointed 1997-10-31
View their other companies + combined net worth →
Active
BALL, David Leslie→
secretary · appointed 1998-10-30 · resigned 2001-08-03
Resigned
MANDERS, Douglas Nigel→
nominee-secretary · appointed 1991-10-31 · resigned 1991-11-29
Resigned
MOORE, Christopher James→
secretary · appointed 2001-08-03 · resigned 2012-01-31
Resigned
PRICE, David John→
secretary · appointed 1996-10-26 · resigned 1998-10-30
Resigned
RAYBOULD, Ian John→
secretary · appointed 1991-11-29 · resigned 1996-10-26
Resigned
BALL, Geoffrey James→
director · ~86y · appointed 1993-10-01 · resigned 1996-10-26
Resigned
BALL, Raymond Leslie→
director · ~96y · appointed 1991-11-29 · resigned 1997-10-31
Resigned
BRAZIER, Maxwell John→
director · ~84y · appointed 1991-11-29 · resigned 1992-11-02
Resigned
MANDERS, Douglas Nigel→
nominee-director · ~97y · appointed 1991-10-31 · resigned 1991-11-29
Resigned
MARSDEN, Emma Jane→
director · ~62y · appointed 1991-10-31 · resigned 1991-11-29
Resigned
PRICE, David John→
director · ~67y · appointed 1993-10-01 · resigned 2010-06-03
Resigned
RAYBOULD, Ian John→
director · ~85y · appointed 1991-11-29 · resigned 1997-10-31
Resigned
STOKES, Raymond Alwyn→
director · ~88y · appointed 1991-11-29 · resigned 1993-06-30
Resigned

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

Recent filings (95 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-03
accounts-with-accounts-type-dormant
accounts · AA
2022-12-06
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-18
accounts-with-accounts-type-dormant
accounts · AA
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-16
accounts-with-accounts-type-dormant
accounts · AA
2021-02-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-10
accounts-with-accounts-type-dormant
accounts · AA
2019-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-14
change-person-director-company-with-change-date
officers · CH01
2019-02-18