AIRWARE INTERNATIONAL LIMITED

🌳Matureactive
02822965 · ltd · incorporated 1993-06-01
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
£76.3k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 46140
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 79-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 79). 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 32.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 32.3 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 · FRS 105 (micro)
Positive net assets
Net assets £76,312
Net assets shrinking
Down £15,770 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£76k
↓ 17% YoY
Current Assets
£118k
↓ 18% YoY
Current Liabilities
—
£0£29k£57k£86k£115k£144kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-12-312024-12-31
Total assets£76.3k£92.1k
Current assets£118.4k£143.6k
Net assets£76.3k£92.1k

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
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Last 90 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Last 180 days
4
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-05-28
    ➖
    BENSON, Diana Elizabeth resigned
    director
  2. 2026-05-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-05-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-02-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-03-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-05-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-04-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-04-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-03-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-04-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-06-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2017-06-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2017-05-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-04-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2014-01-01
    ➕
    BENSON, Diana Elizabeth appointed
    director
  18. 2009-04-04
    🔓
    Charge satisfied #3
  19. 2009-04-04
    🔓
    Charge satisfied #2
  20. 2006-08-02
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  21. 2001-03-03
    ➕
    WARD, Andrew Kenneth appointed
    director
  22. 1998-07-01
    ➕
    WARD, Andrew Kenneth appointed
    secretary
  23. 1998-07-01
    ➖
    WARRILOW, Philip resigned
    secretary
  24. 1998-07-01
    ➖
    GIGG, Chris Paul resigned
    director
  25. 1998-07-01
    ➖
    WARRILOW, Philip resigned
    director
  26. 1998-06-20
    🔓
    Charge satisfied #1
  27. 1998-06-15
    🔒
    Charge registered #3
    Lender: Griffin Credit Services Limited
  28. 1998-01-01
    ➕
    GIGG, Chris Paul appointed
    director
  29. 1996-08-01
    🔒
    Charge registered #2
    Lender: Midland Bank PLC
  30. 1996-07-31
    ➖
    SALAM, Hassan Kamel resigned
    director
  31. 1995-06-01
    ➕
    BENSON, Michael John appointed
    director
  32. 1994-03-04
    🔒
    Charge registered #1
    Lender: Yorkshire Bank PLC
  33. 1993-06-01
    🏢
    Company incorporated
    As AIRWARE INTERNATIONAL LIMITED
  34. 1993-06-01
    ➕
    WARRILOW, Philip appointed
    secretary
  35. 1993-06-01
    ➕
    LONDON LAW SECRETARIAL LIMITED appointed
    corporate-nominee-secretary
  36. 1993-06-01
    ➖
    LONDON LAW SECRETARIAL LIMITED resigned
    corporate-nominee-secretary
  37. 1993-06-01
    ➕
    SALAM, Hassan Kamel appointed
    director
  38. 1993-06-01
    ➕
    WARRILOW, Philip appointed
    director
  39. 1993-06-01
    ➕
    LONDON LAW SERVICES LIMITED appointed
    corporate-nominee-director
  40. 1993-06-01
    ➖
    LONDON LAW SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 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 ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Michael John Benson
Individual · British · DOB 03/1947 · age 79
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
1 historic (ceased) PSC
  • Mrs Diana Elizabeth Bensonceased 28/05/2026· 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.

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
Incorporated1993-06-01
Jurisdictionengland-wales
Primary SIC46140 — SIC 46140

Registered office

Airware International Ltd Harolds Court
Saxon Business Park
Bromsgrove
Worcestershire
B60 4FL

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-06-13
Last: 2026-05-30

Officers (3 active · 7 resigned)

WARD, Andrew Kenneth→
secretary · appointed 1998-07-01
View their other companies + combined net worth →
Active
BENSON, Michael John→
director · ~79y · appointed 1995-06-01
View their other companies + combined net worth →
Active
WARD, Andrew Kenneth→
director · ~64y · appointed 2001-03-03
View their other companies + combined net worth →
Active
WARRILOW, Philip→
secretary · appointed 1993-06-01 · resigned 1998-07-01
Resigned
LONDON LAW SECRETARIAL LIMITED→
corporate-nominee-secretary · appointed 1993-06-01 · resigned 1993-06-01
Resigned
BENSON, Diana Elizabeth→
director · ~79y · appointed 2014-01-01 · resigned 2026-05-28
Resigned
GIGG, Chris Paul→
director · ~71y · appointed 1998-01-01 · resigned 1998-07-01
Resigned
SALAM, Hassan Kamel→
director · ~90y · appointed 1993-06-01 · resigned 1996-07-31
Resigned
WARRILOW, Philip→
director · ~83y · appointed 1993-06-01 · resigned 1998-07-01
Resigned
LONDON LAW SERVICES LIMITED→
corporate-nominee-director · appointed 1993-06-01 · resigned 1993-06-01
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property02/08/2006—
satisfied
Griffin Credit Services
Griffin Credit Services Limited
Fixed charge on purchased debts which fail to vest1 property15/06/199804/04/2009
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property01/08/199604/04/2009
satisfied
Virgin Money
Yorkshire Bank PLC
Debenture1 property04/03/199420/06/1998
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (107 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-03
termination-director-company-with-name-termination-date
officers · TM01
2026-05-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-28
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-09