AIRSYS COMMUNICATIONS TECHNOLOGY LIMITED
💤Zombieactive
02671582 · ltd · incorporated 1991-12-10
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
—
not disclosed
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 46520
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 73-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 73). Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
13 live charges · 10 lenders · oldest 34.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 34.4 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
23 officers (2 active, 23 linked, 12 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
145 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
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
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (83 events)Click to expand
- 2026-01-05📄accounts-with-accounts-type-fullaccounts · AA
- 2025-01-02📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-03➖BOXER, Neil Robert resigneddirector
- 2024-03-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-26➖HINDLE, Zoe resigneddirector
- 2023-11-13📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-11-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-11-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-30➕LAWRENCE, Kevin appointedsecretary
- 2023-10-29➖PICKWELL, Oriana resignedsecretary
- 2023-10-29➖PICKWELL, Oriana resigneddirector
- 2023-10-05📄accounts-with-accounts-type-fullaccounts · AA
- 2022-05-25📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-03-31📄accounts-with-accounts-type-fullaccounts · AA
- 2021-11-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-03➕BOXER, Neil Robert appointeddirector
- 2021-11-03➕PICKWELL, Oriana appointeddirector
- 2021-10-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-09-30➖HOPE, Leigh Hamilton resigneddirector
- 2021-06-22📄accounts-with-accounts-type-fullaccounts · AA
- 2021-04-01📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-04-01📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-03-30➖PARK, John Andrew Richard resignedsecretary
- 2021-03-30➕PICKWELL, Oriana appointedsecretary
- 2020-06-25📄accounts-with-accounts-type-fullaccounts · AA
- 2020-06-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-11-12🔒Charge registered #13Lender: Hsbc UK Bank PLC
- 2018-10-12➖GUIVER, Joanne Ellen resignedsecretary
- 2018-10-11➕PARK, John Andrew Richard appointedsecretary
- 2018-10-01➕HINDLE, Zoe appointeddirector
- 2017-09-22➕GUIVER, Joanne Ellen appointedsecretary
- 2017-09-22➖HOPE, Leigh resignedsecretary
- 2016-09-01➕HOPE, Leigh Hamilton appointeddirector
- 2016-07-25➖BECKER, Hans-Georg resigneddirector
- 2015-10-01➕HOPE, Leigh appointedsecretary
- 2015-09-30➖DANIELS, Russell James resignedsecretary
- 2015-07-24🔒Charge registered #12Lender: Hsbc Bank PLC
- 2015-05-22🔒Charge registered #11Lender: Thomas Anthony Quigley (As Security Agent)
- 2015-05-19➕BECKER, Hans-Georg appointeddirector
- 2013-03-22🔓Charge satisfied #7
- 2012-09-11🔒Charge registered #10Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
- 2012-09-11🔒Charge registered #9Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
- 2012-09-05🔒Charge registered #8Lender: Hsbc Bank PLC
- 2011-08-30🔓Charge satisfied #6
- 2011-06-08🔓Charge satisfied #3
- 2009-04-20🔒Charge registered #7Lender: Clydesdale Bank PLC
- 2008-02-29➖WILSON, Andrew Paul resigneddirector
- 2007-08-03🔓Charge satisfied #5
Showing most recent 50 of 83 events
Owner dependency
100/100
Critical — business is the founderThe 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 34 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 34 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
Radio Technology Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Radio Technology Holdings Ltd
Corporate parent · holds 75-100% shares
⬇
AIRSYS COMMUNICATIONS TECHNOLOGY LIMITED
This company · 02671582
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 |
|---|---|---|---|---|
Radio Technology Holdings Ltd Corporate entity | 75–100% | — | 75-100% shares | 10/12/2016 |
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 →Similar companies
Active · Wholesale & distribution · SO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 3D MTO HOLDINGS LTD→ 16552156 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABSOLUTE BOARD CO. LIMITED→ 08130948 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ABSOLUTELY WILD LIMITED→ 07123865 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ACCESS INSTRUMENTATION LIMITED→ 02414540 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| ACELL SOLUTIONS UK LIMITED→ 08776838 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ACTIVE GROUP COMMERCIAL CO. LIMITED→ 16675412 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFM INTERNATIONAL LTD→ 16491636 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFRO HEIGHTS LTD→ 15904460 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AGILITY AGRICULTURE LIMITED→ 10151604 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AJM MATERIAL SALVAGE LIMITED→ 11219447 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ALBION 4C LIMITED→ 05677101 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| ALBION COMPONENTS LTD→ 07163111 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1991-12-10
Jurisdictionengland-wales
Primary SIC46520 — SIC 46520
Registered office
Unit 1, The Westgate Centre Premier Way
Luzborough Lane
Romsey
SO51 9DH
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-24
Last: 2025-12-10
Officers (2 active · 21 resigned)
Active
QUIGLEY, Thomas Anthony→
Activedirector · ~73y · appointed 1992-07-01
View their other companies + combined net worth →
BRYANT, Ian William→
Resignedsecretary · appointed 1997-12-22 · resigned 2001-09-14
BUCKLEY, Sharon Emma→
Resignedsecretary · appointed 2005-09-30 · resigned 2006-06-12
CHAPMAN, Gerald Alan→
Resignedsecretary · appointed 1992-01-24 · resigned 1992-06-30
DANIELS, Russell James→
Resignedsecretary · appointed 2006-06-12 · resigned 2015-09-30
DAVIES, Clifford Roy→
Resignedsecretary · appointed 1992-07-01 · resigned 2000-12-10
GUIVER, Joanne Ellen→
Resignedsecretary · appointed 2017-09-22 · resigned 2018-10-12
HOPE, Leigh→
Resignedsecretary · appointed 2015-10-01 · resigned 2017-09-22
PARK, John Andrew Richard→
Resignedsecretary · appointed 2018-10-11 · resigned 2021-03-30
PICKWELL, Oriana→
Resignedsecretary · appointed 2021-03-30 · resigned 2023-10-29
SOUTH, Darren Geoffrey→
Resignedsecretary · appointed 2001-09-14 · resigned 2005-09-30
BECKER, Hans-Georg→
Resigneddirector · ~58y · appointed 2015-05-19 · resigned 2016-07-25
BOXER, Neil Robert→
Resigneddirector · ~55y · appointed 2021-11-03 · resigned 2024-07-03
BRYANT, Ian William→
Resigneddirector · ~74y · appointed 1997-12-22 · resigned 2001-09-14
CHAPMAN, Gerald Alan→
Resigneddirector · ~81y · appointed 1992-01-24 · resigned 1992-06-30
DAVIES, Clifford Roy→
Resigneddirector · ~70y · appointed 1992-01-24 · resigned 2001-12-31
FODEN, David William→
Resigneddirector · ~73y · appointed 1992-01-24 · resigned 1992-06-30
HINDLE, Zoe→
Resigneddirector · ~51y · appointed 2018-10-01 · resigned 2024-02-26
HOPE, Leigh Hamilton→
Resigneddirector · ~53y · appointed 2016-09-01 · resigned 2021-09-30
Click a director name to see their full track record across all companies.
Mortgages & charges
13
Total charges
6
Outstanding
2
Active lenders
Status:Lender:13 of 13 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 12/11/2018 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 24/07/2015 | — | |
| outstanding | Thomas Anthony Quigley (As Security Agent) | A registered charge | 1 property | 22/05/2015 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD ("the Security Holder") | Floating charge (all assets) | 1 property | 11/09/2012 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD ("the Security Holder") | Fixed charge on purchased debts which fail to vest | 1 property | 11/09/2012 | — | |
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 05/09/2012 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | Debenture | 1 property | 20/04/2009 | 22/03/2013 | |
| satisfied | Lombard North Central Lombard North Central PLC | Aircraft mortgage | 1 property | 07/09/2000 | 30/08/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal mortgage | 1 property | 29/01/1998 | 03/08/2007 | |
| satisfied | Telecom Securicor Cellular Radio Telecom Securicor Cellular Radio Limited | Fixed and floating charge | 1 property | 01/11/1995 | 05/09/2000 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 08/09/1995 | 08/06/2011 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 24/01/1992 | 20/01/1998 | |
| satisfied | 3I Group 3I Group PLC | Debenture | 1 property | 24/01/1992 | 09/12/1994 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (145 total)
accounts-with-accounts-type-full
accounts · AA
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-full
accounts · AA
2025-01-02
termination-director-company-with-name-termination-date
officers · TM01
2024-08-06
termination-director-company-with-name-termination-date
officers · TM01
2024-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-04
appoint-person-secretary-company-with-name-date
officers · AP03
2023-11-13
termination-secretary-company-with-name-termination-date
officers · TM02
2023-11-13
termination-director-company-with-name-termination-date
officers · TM01
2023-11-13
accounts-with-accounts-type-full
accounts · AA
2023-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-20
change-account-reference-date-company-current-extended
accounts · AA01
2022-05-25
accounts-with-accounts-type-full
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13