AIR-SEA PACKING GROUP LIMITED
📉Decliningactive
02727100 · ltd · incorporated 1992-06-29
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
£9.82M
year to Feb 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 52103
Sector: Transportation & storage
ALSO REGISTERED FOR
- 52290Other transportation support activities
Investor take
PursueLeverage-led grower with a 65-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
9 live charges · 4 lenders · oldest 33.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 33.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
16 officers (3 active, 16 linked, 13 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
180 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £975,469
Revenue decline
Turnover down 12% YoY
Turnover YoY
-12%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Turnover | £9.82M | £11.10M |
| Gross profit | £5.10M | £5.93M |
| Operating profit | £1.02M | £1.61M |
| Profit before tax | £975.5k | £1.55M |
| Average employees | 5300 | 5500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals 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
2
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
- 2026-05-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-11-24📄accounts-with-accounts-type-fullaccounts · AA
- 2024-11-29📄accounts-with-accounts-type-fullaccounts · AA
- 2023-12-01📄accounts-with-accounts-type-fullaccounts · AA
- 2022-08-11📄accounts-with-accounts-type-smallaccounts · AA
- 2022-04-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-31🔒Charge registered #9Lender: Barclays Security Trustee Limited as Security Trustee
- 2022-03-31🔒Charge registered #8Lender: Barclays Security Trustee Limited as Security Trustee
- 2021-09-29📄accounts-with-accounts-type-fullaccounts · AA
- 2021-01-08📄accounts-with-accounts-type-fullaccounts · AA
- 2020-08-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-03-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-03-12➖DAVIS, Ben resigneddirector
- 2020-01-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-01-21📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-01-21📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-10-30📄accounts-with-accounts-type-smallaccounts · AA
- 2019-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2019-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2019-05-16➕AHLIN, Engpheen Foong Pen appointedsecretary
- 2019-05-16➖EDWARDS, Nicholas James resignedsecretary
- 2019-05-16➖EDWARDS, Nicholas James resigneddirector
- 2019-03-20🔒Charge registered #7Lender: Barclays Security Trustee Limited
- 2015-09-16🔒Charge registered #6Lender: Barclays Bank PLC
- 2014-12-03🔒Charge registered #5Lender: Barclays Bank PLC
- 2014-07-02🔓Charge satisfied #3
- 2014-07-02🔓Charge satisfied #2
- 2014-07-02🔓Charge satisfied #1
- 2014-05-30➖DAVIS, Derek Charles resigneddirector
- 2014-02-17🔒Charge registered #4Lender: Barclays Bank PLC
- 2006-03-09➖FURNELL, Michael resigneddirector
- 2003-07-25➖O'MARA, Thomas Joseph resigneddirector
- 2003-07-07➕AHLIN, Engpheen Foong Pen appointeddirector
- 2003-03-01➖FITZGERALD, Donna resigneddirector
- 2003-02-06➖MONTGOMERY, Phillip Alan resigneddirector
- 2002-09-13➖GAUCI, Francois resigneddirector
- 1999-06-11🔒Charge registered #3Lender: Lloyds Bank PLC
- 1998-12-01➕DAVIS, Ben appointeddirector
- 1998-12-01➕FITZGERALD, Donna appointeddirector
- 1998-12-01➕GAUCI, Francois appointeddirector
- 1998-12-01➕MONTGOMERY, Phillip Alan appointeddirector
- 1998-12-01➕O'MARA, Thomas Joseph appointeddirector
- 1998-06-19➖ENSER, Graham John resigneddirector
- 1997-02-01➕WESTON, Martin appointeddirector
- 1996-12-31➖COSTER, Derek Brian resigneddirector
- 1993-06-29➖THOMAS, Howard resignednominee-secretary
- 1993-06-29➖TESTER, William Andrew Joseph resignednominee-director
- 1992-10-21🔒Charge registered #2Lender: Lloyds Bank PLC
- 1992-10-06🔒Charge registered #1Lender: Lloyds Bank PLC
Showing most recent 50 of 53 events
Owner dependency
83/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 34 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
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
Airsea Packing Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Airsea Packing Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
AIR-SEA PACKING GROUP LIMITED
This company · 02727100
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 |
|---|---|---|---|---|
Airsea Packing Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
Active · Transport & logistics · UB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A J CAR HIRE LTD→ 06424886 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| A J EXECUTIVE SERVICES LTD→ 13627471 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| A J1 LONDON LTD→ 13448273 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AGB HAULIER LTD→ 12110564 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AGN CHAUFFEURS LIMITED→ 16915612 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AGS FILM & TV LIMITED→ 13244294 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AI PRIVATE LIMITED→ 16930336 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AIDA TRANSPORT LTD→ 14079416 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AIR & SEA LOGISTICS LTD→ 16114481 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AIR EXPRESS CARS LIMITED→ 10335825 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AIR TIGERS LOGISTIC LIMITED→ 13994340 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AIRCRAFT TRANSPORTATION LIMITED→ 17086565 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1992-06-29
Jurisdictionengland-wales
Primary SIC52103 — SIC 52103
Registered office
Unit 1 Northolt Trading Estate
Belvue Road
Northolt
Middlesex
UB5 5QS
United Kingdom
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-05-15
Last: 2026-05-01
Officers (3 active · 13 resigned)
AHLIN, Engpheen Foong Pen→
Activesecretary · appointed 2019-05-16
View their other companies + combined net worth →
AHLIN, Engpheen Foong Pen→
Activedirector · ~65y · appointed 2003-07-07
View their other companies + combined net worth →
WESTON, Martin→
Activedirector · ~62y · appointed 1997-02-01
View their other companies + combined net worth →
EDWARDS, Nicholas James→
Resignedsecretary · resigned 2019-05-16
THOMAS, Howard→
Resignednominee-secretary · appointed 1992-06-29 · resigned 1993-06-29
COSTER, Derek Brian→
Resigneddirector · ~81y · resigned 1996-12-31
DAVIS, Ben→
Resigneddirector · ~52y · appointed 1998-12-01 · resigned 2020-03-12
DAVIS, Derek Charles→
Resigneddirector · ~77y · resigned 2014-05-30
EDWARDS, Nicholas James→
Resigneddirector · ~68y · resigned 2019-05-16
ENSER, Graham John→
Resigneddirector · ~73y · resigned 1998-06-19
FITZGERALD, Donna→
Resigneddirector · ~59y · appointed 1998-12-01 · resigned 2003-03-01
FURNELL, Michael→
Resigneddirector · ~78y · resigned 2006-03-09
GAUCI, Francois→
Resigneddirector · ~54y · appointed 1998-12-01 · resigned 2002-09-13
MONTGOMERY, Phillip Alan→
Resigneddirector · ~69y · appointed 1998-12-01 · resigned 2003-02-06
O'MARA, Thomas Joseph→
Resigneddirector · ~67y · appointed 1998-12-01 · resigned 2003-07-25
TESTER, William Andrew Joseph→
Resignednominee-director · ~64y · appointed 1992-06-29 · resigned 1993-06-29
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
6
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited as Security Trustee | A registered charge | 1 property | 31/03/2022 | — | |
| outstanding | Barclays Barclays Security Trustee Limited as Security Trustee | A registered charge | 2 properties | 31/03/2022 | — | |
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 20/03/2019 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 16/09/2015 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 03/12/2014 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 17/02/2014 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Mortgage | 1 property | 11/06/1999 | 02/07/2014 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 21/10/1992 | 02/07/2014 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 06/10/1992 | 02/07/2014 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (180 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-05-01
accounts-with-accounts-type-full
accounts · AA
2025-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-02
accounts-with-accounts-type-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-31
accounts-with-accounts-type-full
accounts · AA
2023-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-31
accounts-with-accounts-type-small
accounts · AA
2022-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-11
accounts-with-accounts-type-full
accounts · AA
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-30
accounts-with-accounts-type-full
accounts · AA
2021-01-08