AIR SERVICES (EUROPE) LTD

💤Zombieactive
03441760 · ltd · incorporated 1997-09-29
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: SIC 7260
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 45/100. Strong seller-intent signal (65/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

Data confidence

Overall: low (44/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 1 with DOB)
74
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2017-04-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  2. 2017-02-16
    📄
    restoration-order-of-court
    restoration · AC92
  3. 2016-03-03
    ➖
    WILLIAMS, Alison resigned
    secretary
  4. 2013-06-11
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  5. 2013-06-11
    🏁
    Company dissolved
  6. 2013-01-08
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  7. 2012-01-05
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  8. 2011-12-06
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  9. 2011-05-26
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  10. 2011-05-03
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  11. 2010-10-26
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  12. 2010-09-28
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  13. 2010-01-28
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  14. 2009-12-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2009-10-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2009-01-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2008-10-20
    📄
    legacy
    annual-return · 363a
  18. 2007-10-18
    📄
    legacy
    annual-return · 363a
  19. 2007-10-18
    📄
    legacy
    officers · 288c
  20. 2007-07-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2006-12-08
    📄
    legacy
    annual-return · 363a
  22. 2006-12-08
    📄
    legacy
    officers · 288c
  23. 2006-07-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  24. 2006-06-28
    📄
    legacy
    officers · 288a
  25. 2006-06-21
    📍
    legacy
    address · 287
  26. 2006-06-21
    📄
    legacy
    officers · 288b
  27. 2006-06-01
    ➖
    RIDDLE, Samantha resigned
    secretary
  28. 2006-06-01
    ➕
    WILLIAMS, Alison appointed
    secretary
  29. 2005-11-02
    📄
    legacy
    annual-return · 363a
  30. 1997-10-01
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  31. 1997-10-01
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  32. 1997-09-29
    🏢
    Company incorporated
    As AIR SERVICES (EUROPE) LTD
  33. 1997-09-29
    ➕
    RIDDLE, Ian David appointed
    director
  34. 1997-09-29
    ➕
    RIDDLE, Samantha appointed
    secretary
  35. 1997-09-29
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  36. 1997-09-29
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

80/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2010-06-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-10-13

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———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated1997-09-29
Jurisdictionengland-wales
Primary SIC7260 — SIC 7260

Registered office

16 Harrismith Road
Cardiff
CF23 5DG
Wales

Filing status

Accounts
Next due: 2010-06-30OVERDUE
Last made up to: 2008-09-30
Confirmation statement
Next due: 2016-10-13OVERDUE
Last: —

Officers (1 active · 4 resigned)

RIDDLE, Ian David→
director · ~60y · appointed 1997-09-29
View their other companies + combined net worth →
Active
RIDDLE, Samantha→
secretary · appointed 1997-09-29 · resigned 2006-06-01
Resigned
WILLIAMS, Alison→
secretary · appointed 2006-06-01 · resigned 2016-03-03
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 1997-09-29 · resigned 1997-10-01
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 1997-09-29 · resigned 1997-10-01
Resigned

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

Recent filings (48 total)

termination-secretary-company-with-name-termination-date
officers · TM02
2017-04-26
restoration-order-of-court
restoration · AC92
2017-02-16
gazette-dissolved-compulsary
gazette · GAZ2
2013-06-11
gazette-notice-voluntary
gazette · GAZ1(A)
2013-01-08
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2012-01-05
gazette-notice-voluntary
gazette · GAZ1(A)
2011-12-06
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2011-05-26
gazette-notice-compulsary
gazette · GAZ1
2011-05-03
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2010-10-26
gazette-notice-compulsary
gazette · GAZ1
2010-09-28
change-registered-office-address-company-with-date-old-address
address · AD01
2010-01-28
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-12-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-10-16
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-01-19
legacy
annual-return · 363a
2008-10-20