AIRCRAFT AND VEHICLE SERVICES LIMITED
- · Oldest live charge 25.8y old — refinance window within 12 months
Opportunity 71/100 (strong), bankability 75/100. Strong seller-intent signal (88/100, director aged 78). Share purchase looks the cleaner deal structure. 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: share sale to pe / searcher (65/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 25.8y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 25.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (69/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-04-30 |
|---|---|
| Total assets | £111.5k |
| Current assets | £86.3k |
| Cash | £43.4k |
| Debtors | £40.5k |
| Net assets | £81.0k |
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
Corporate timeline (28 events)Click to expand
- 2025-03-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-10🔓Charge satisfied #3
- 2025-02-10🔓Charge satisfied #2
- 2025-02-10🔓Charge satisfied #1
- 2025-01-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-07-29📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2024-03-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-02-28➕HATTON, Elizabeth appointeddirector
- 2023-08-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-10-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-10-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-07-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-10-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-07-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-07-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-07-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2005-03-23🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 2000-11-10🔒Charge registered #2Lender: Yorkshire Bank PLC
- 2000-07-07🔒Charge registered #1Lender: Yorkshire Bank PLC
- 1996-11-22🏢Company incorporatedAs AIRCRAFT AND VEHICLE SERVICES LIMITED
- 1996-11-22➕PATON, Margaret appointedsecretary
- 1996-11-22➕PATON, Michael John appointeddirector
- 1996-11-22➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 1996-11-22➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
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 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 78 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 78 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 29 years. Very long tenure is a classic succession signal.
Red flags
1 high · 1 med ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-10
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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael John Paton Individual · British · DOB 12/1948 · age 78 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Margaret Patonceased 24/02/2025· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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8 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 (3 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Legal mortgage | 1 property | 23/03/2005 | 10/02/2025 | |
| satisfied | Virgin Money Yorkshire Bank PLC | Legal mortgage (own account) | 1 property | 10/11/2000 | 10/02/2025 | |
| satisfied | Virgin Money Yorkshire Bank PLC | Debenture | 1 property | 07/07/2000 | 10/02/2025 |