ALTERNATIVE AIRLINES LIMITED
🌳Matureactive
02885223 · ltd · incorporated 1994-01-06
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 26.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Travel agency activities
Sector: Administrative & support services
Investor take
PursueActive trading company with a 71-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 26.4y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 26.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 20/100 — clean.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 11 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
123 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.
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 (51 events)Click to expand
- 2026-03-28📄accounts-with-accounts-type-groupaccounts · AA
- 2025-07-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-29📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-29🔓Charge satisfied #4
- 2025-07-29🔓Charge satisfied #2
- 2025-07-29🔓Charge satisfied #1
- 2025-04-04📄accounts-with-accounts-type-groupaccounts · AA
- 2024-04-16📄accounts-with-accounts-type-groupaccounts · AA
- 2024-01-06📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-04-26📄accounts-with-accounts-type-groupaccounts · AA
- 2022-03-17📄accounts-with-accounts-type-smallaccounts · AA
- 2021-11-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-11-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-02-26📄accounts-with-accounts-type-smallaccounts · AA
- 2020-02-25📄accounts-with-accounts-type-smallaccounts · AA
- 2019-02-19📄accounts-with-accounts-type-smallaccounts · AA
- 2018-11-15➕ARGYLE, Samuel Paul appointeddirector
- 2009-03-05➖THOMPSON, Melanie resigneddirector
- 2009-02-17➖POPE, Philip John resignedsecretary
- 2009-02-17➖POPE, Philip John resigneddirector
- 2006-08-18🔒Charge registered #4Lender: Barclays Bank PLC
- 2001-12-17➕POPE, Philip John appointedsecretary
- 2001-12-17➖SALEH, Ebrahim Ismail resignedsecretary
- 2001-11-15🔒Charge registered #2Lender: Islandsflug Hf
- 2001-05-08➖DOHERTY, Michael resigneddirector
- 2000-01-10🔒Charge registered #1Lender: Barclays Bank PLC
- 1998-11-01➖ARGYLE, Paul Graham resignedsecretary
- 1998-11-01➕SALEH, Ebrahim Ismail appointedsecretary
- 1998-04-06➕DOHERTY, Michael appointeddirector
- 1998-04-06➕THOMPSON, Melanie appointeddirector
- 1997-11-14➖EASTMAN, Bruce David resigneddirector
- 1997-01-01➕EASTMAN, Bruce David appointeddirector
- 1996-08-30➖ACKROYD, Philip resigneddirector
- 1996-06-17➖LOCKWOOD, Nicholas resigneddirector
- 1995-02-02➕ACKROYD, Philip appointeddirector
- 1995-02-02➕LOCKWOOD, Nicholas appointeddirector
- 1995-02-02➕POPE, Philip John appointeddirector
- 1994-03-28➕ARGYLE, Elaine Barbara appointeddirector
- 1994-03-28➕ARGYLE, Paul Graham appointeddirector
- 1994-03-28➕ARGYLE, Paul Graham appointedsecretary
- 1994-03-28➖BAXTER, Richard Alistair resignednominee-secretary
- 1994-03-28➖BAXTER, Richard Alistair resignednominee-director
- 1994-03-28➖LAVER, Michael Henry resigneddirector
- 1994-01-06🏢Company incorporatedAs ALTERNATIVE AIRLINES LIMITED
- 1994-01-06➕BAXTER, Richard Alistair appointednominee-secretary
- 1994-01-06➕BAXTER, Richard Alistair appointednominee-director
Showing most recent 50 of 51 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
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
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 71 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 32 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Samuel Paul Argyle Individual · British · DOB 07/1987 · age 39 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/10/2021 |
1 historic (ceased) PSC
- Mr Paul Graham Argyleceased 28/10/2021· 75-100% 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 · Leisure & entertainment · RH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A&P ENTERTAINMENT LTD→ 13535617 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACTUALLY CIC→ 06845768 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| AIM WRITING LIMITED→ 10428888 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AK GYM LIMITED→ 13054914 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AL CAMPBELL AUTHOR LIMITED→ 13579477 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AL GAMBLING CONSULTING LTD→ 12639823 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ALEXANDRA BASTEDO (CHAMPIONS) ANIMAL SANCTUARY LIMITED→ 06797855 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| ALL DANCE ABILITIES LTD→ 14121834 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALL WORKED OUT LIMITED→ 11089837 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ALLEZ ALPS LIMITED→ 04264966 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| ALPHA MIKE TOURS LIMITED→ 01429039 · est 1979 · no financials extracted | — | — | — | — | 46y | — | — |
| ALTITUDE EVENTS LIMITED→ 07963075 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
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
Incorporated1994-01-06
Jurisdictionengland-wales
Primary SIC79110 — Travel agency activities
Registered office
Suite 6f, Gatwick House
Peeks Brook Lane
Horley
Surrey
RH6 9ST
England
Filing status
Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2027-01-20
Last: 2026-01-06
Officers (3 active · 12 resigned)
ARGYLE, Elaine Barbara→
Activedirector · ~71y · appointed 1994-03-28
View their other companies + combined net worth →
ARGYLE, Paul Graham→
Activedirector · ~71y · appointed 1994-03-28
View their other companies + combined net worth →
ARGYLE, Samuel Paul→
Activedirector · ~39y · appointed 2018-11-15
View their other companies + combined net worth →
ARGYLE, Paul Graham→
Resignedsecretary · appointed 1994-03-28 · resigned 1998-11-01
BAXTER, Richard Alistair→
Resignednominee-secretary · appointed 1994-01-06 · resigned 1994-03-28
POPE, Philip John→
Resignedsecretary · appointed 2001-12-17 · resigned 2009-02-17
SALEH, Ebrahim Ismail→
Resignedsecretary · appointed 1998-11-01 · resigned 2001-12-17
ACKROYD, Philip→
Resigneddirector · ~66y · appointed 1995-02-02 · resigned 1996-08-30
BAXTER, Richard Alistair→
Resignednominee-director · ~64y · appointed 1994-01-06 · resigned 1994-03-28
DOHERTY, Michael→
Resigneddirector · ~69y · appointed 1998-04-06 · resigned 2001-05-08
EASTMAN, Bruce David→
Resigneddirector · ~74y · appointed 1997-01-01 · resigned 1997-11-14
LAVER, Michael Henry→
Resigneddirector · ~70y · appointed 1994-01-06 · resigned 1994-03-28
LOCKWOOD, Nicholas→
Resigneddirector · ~72y · appointed 1995-02-02 · resigned 1996-06-17
POPE, Philip John→
Resigneddirector · ~70y · appointed 1995-02-02 · resigned 2009-02-17
THOMPSON, Melanie→
Resigneddirector · ~60y · appointed 1998-04-06 · resigned 2009-03-05
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 18/08/2006 | 29/07/2025 | |
| satisfied | Islandsflug Hf | Mortgage debenture | 1 property | 15/11/2001 | 29/07/2025 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 10/01/2000 | 29/07/2025 |
Recent filings (123 total)
accounts-with-accounts-type-group
accounts · AA
2026-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-29
change-person-director-company-with-change-date
officers · CH01
2025-07-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-29
accounts-with-accounts-type-group
accounts · AA
2025-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-group
accounts · AA
2024-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-06
change-person-director-company-with-change-date
officers · CH01
2024-01-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-11
accounts-with-accounts-type-group
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-12