AEROSPACE SUPPORT ASSOCIATES LIMITED

🌳Matureactive

02901116 · ltd · incorporated 1994-02-22

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 Apr 2025

Net worth

£344.0k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 52230

Sector: Transportation & storage

Investor take

Pursue

Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (60/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 28.8y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 28.8 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

15 officers (3 active, 15 linked, 11 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

113 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £344,028

Net assets shrinking

Down £6,959 YoY

Cash draining

Cash down 85% YoY

Cash YoY

-85%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£23k

↓ 85% YoY

Net Worth

£344k

↓ 2.0% YoY

Current Assets

£1.3m

↑ 7.0% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£344.3k	£409.6k
Current assets	£1.27M	£1.19M
Cash	£23.5k	£157.4k
Debtors	£1.05M	£811.1k
Net assets	£344.0k	£351.0k

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

filing

• 1 confirmation-statement

Last 90 days

filings

• 1 confirmation-statement
• 1 persons-with-significant-control

Last 180 days

filings

• 1 confirmation-statement
• 1 persons-with-significant-control
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (51 events)Click to expand

2026-04-15
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-01
📄
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2019-12-01
📄
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2019-11-12
📄
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2019-10-31
📄
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2019-10-31
📄
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2019-10-31
📄
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2019-10-31
📄
legacy
miscellaneous · RP04CS01
2019-10-31
📄
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2019-10-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-10-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-10-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2019-10-03
➕
STURROCK, Jane Louise appointed
director
2019-10-03
➕
WOODAGE, Fleur De Vie appointed
director
2019-10-03
➕
WOODAGE, Imogen Roberta appointed
director
2019-10-03
➖
REID, Angela Victoria resigned
secretary
2019-10-03
➖
TAYLOR, Simon resigned
director
2019-10-03
🔒
Charge registered #3
Lender: Simon Taylor
2015-09-21
➖
STURROCK, Iain James resigned
director
2015-04-22
➕
STURROCK, Iain James appointed
director
2015-02-03
🔓
Charge satisfied #2
2015-02-03
🔓
Charge satisfied #1
2013-09-25
➖
STURROCK, Iain James resigned
director
2012-11-20
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2008-11-12
➖
EVANS, Edward Thomas resigned
director
2008-11-12
➖
PARKER, Kathryn Jane resigned
director
2008-11-12
➕
STURROCK, Iain James appointed
director
2006-02-03
➕
EVANS, Edward Thomas appointed
director
2006-02-03
➕
PARKER, Kathryn Jane appointed
director
2004-12-08
➖
PARKER, Kathryn Jane resigned
director
1997-09-04
🔒
Charge registered #1
Lender: Midland Bank PLC
1997-02-10
➖
PROGRESS AVIATION LIMITED resigned
corporate-director
1996-04-05
➖
STURROCK, Iain James resigned
director
1995-12-21
➖
LEWIS, Peter resigned
director
1994-07-01
➕
LEWIS, Peter appointed
director
1994-07-01
➕
STURROCK, Iain James appointed
director
1994-07-01
➕
TAYLOR, Simon appointed
director
1994-02-22
🏢
Company incorporated
As AEROSPACE SUPPORT ASSOCIATES LIMITED
1994-02-22
➕
REID, Angela Victoria appointed
secretary
1994-02-22
➕
WATERLOW SECRETARIES LIMITED appointed
corporate-nominee-secretary
1994-02-22
➖
WATERLOW SECRETARIES LIMITED resigned
corporate-nominee-secretary
1994-02-22
➕
PARKER, Kathryn Jane appointed
director
1994-02-22
➕
PROGRESS AVIATION LIMITED appointed
corporate-director
1994-02-22
➕
WATERLOW NOMINEES LIMITED appointed
corporate-nominee-director

Showing most recent 50 of 51 events

Owner dependency

66/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Senior director age: Director aged approximately 64 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

Sturrock Aerostars Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Sturrock Aerostars Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

AEROSPACE SUPPORT ASSOCIATES LIMITED

This company · 02901116

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
Sturrock Aerostars Ltd Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	03/10/2019

1 historic (ceased) PSC

Mr Simon Taylorceased 15/04/2026· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated1994-02-22

Jurisdictionengland-wales

Primary SIC52230 — SIC 52230

Registered office

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

United Kingdom

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-03-08

Last: 2026-02-22

Officers (3 active · 12 resigned)

STURROCK, Jane Louise→

director · ~64y · appointed 2019-10-03

View their other companies + combined net worth →

Active

WOODAGE, Fleur De Vie→

director · ~29y · appointed 2019-10-03

View their other companies + combined net worth →

Active

WOODAGE, Imogen Roberta→

director · ~32y · appointed 2019-10-03

View their other companies + combined net worth →

Active

REID, Angela Victoria→

secretary · appointed 1994-02-22 · resigned 2019-10-03

Resigned

WATERLOW SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 1994-02-22 · resigned 1994-02-22

Resigned

EVANS, Edward Thomas→

director · ~95y · appointed 2006-02-03 · resigned 2008-11-12

Resigned

LEWIS, Peter→

director · ~61y · appointed 1994-07-01 · resigned 1995-12-21

Resigned

PARKER, Kathryn Jane→

director · ~61y · appointed 2006-02-03 · resigned 2008-11-12

Resigned

PARKER, Kathryn Jane→

director · ~61y · appointed 1994-02-22 · resigned 2004-12-08

Resigned

STURROCK, Iain James→

director · ~66y · appointed 2015-04-22 · resigned 2015-09-21

Resigned

STURROCK, Iain James→

director · ~66y · appointed 2008-11-12 · resigned 2013-09-25

Resigned

STURROCK, Iain James→

director · ~66y · appointed 1994-07-01 · resigned 1996-04-05

Resigned

TAYLOR, Simon→

director · ~68y · appointed 1994-07-01 · resigned 2019-10-03

Resigned

PROGRESS AVIATION LIMITED→

corporate-director · appointed 1994-02-22 · resigned 1997-02-10

Resigned

WATERLOW NOMINEES LIMITED→

corporate-nominee-director · appointed 1994-02-22 · resigned 1994-02-22

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Simon Taylor	A registered charge	—	03/10/2019	—
satisfied	HSBC Hsbc Bank PLC	Debenture	1 property	20/11/2012	03/02/2015
satisfied	Midland Bank Midland Bank PLC	Debenture	1 property	04/09/1997	03/02/2015

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (113 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-06-07

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2026-04-15