AIR SEA LOGISTICS LIMITED
- · Oldest live charge 28.2y old — refinance window within 12 months
Opportunity 42/100 (watch), bankability 50/100. Strong seller-intent signal (67/100, director aged 59). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Refinance opportunity
4 live charges · 2 lenders · oldest 28.2y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 28.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 21 | 2600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 insolvency
- • 3 insolvency
- • 1 address
- • 3 insolvency
- • 1 address
- • 1 accounts
Corporate timeline (33 events)Click to expand
- 2026-06-20⚠️liquidation-administration-notice-deemed-approval-of-proposalsinsolvency · AM06
- 2026-05-22⚠️liquidation-in-administration-proposalsinsolvency · AM03
- 2026-04-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-04-27⚠️liquidation-in-administration-appointment-of-administratorinsolvency · AM01
- 2026-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-18📄resolutionresolution · RESOLUTIONS
- 2018-02-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-12-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-06-30➕FRANCIS, Clare Louise appointeddirector
- 2017-02-02➖FRANCIS, Margaret Ann resignedsecretary
- 2017-02-02🔓Charge satisfied #4
- 2017-02-02🔓Charge satisfied #3
- 2008-11-19🔓Charge satisfied #2
- 2008-11-19🔓Charge satisfied #1
- 2008-08-06🔒Charge registered #4Lender: National Westminster Bank PLC
- 2006-06-23🔒Charge registered #3Lender: Barclays Bank PLC
- 2006-06-23🔒Charge registered #2Lender: Barclays Bank PLC
- 1998-04-20🔒Charge registered #1Lender: Barclays Bank PLC
- 1996-06-12➕FRANCIS, Malcolm appointeddirector
- 1996-06-12➕FRANCIS, Margaret Ann appointedsecretary
- 1996-06-12➖FORM 10 SECRETARIES FD LTD resignedcorporate-nominee-secretary
- 1996-06-12➖FORM 10 DIRECTORS FD LTD resignedcorporate-nominee-director
- 1996-06-10🏢Company incorporatedAs AIR SEA LOGISTICS LIMITED
- 1996-06-10➕FORM 10 SECRETARIES FD LTD appointedcorporate-nominee-secretary
- 1996-06-10➕FORM 10 DIRECTORS FD LTD appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 30 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high · 1 med ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-14
Company is in a formal insolvency or administration process. Treat accordingly.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-06-20: liquidation-administration-notice-deemed-approval-of-proposals; 2026-05-22: liquidation-in-administration-proposals
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Clare Louise Francis Individual · British · DOB 07/1982 · age 44 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/06/2017 |
Malcolm Francis Individual · British · DOB 06/1967 · age 59 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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10 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 →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
Registered office
Filing status
Officers (2 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 06/08/2008 | 02/02/2017 | |
| satisfied | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 23/06/2006 | 02/02/2017 | |
| satisfied | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 23/06/2006 | 19/11/2008 | |
| satisfied | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 20/04/1998 | 19/11/2008 |