ADVANCE AIR LIMITED
🌳Matureactive
03663853 · ltd · incorporated 1998-11-09
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 21.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£1.38M
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 33140
Sector: Manufacturing
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 21.4y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 21.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £1,379,512
Cash YoY
+14%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1.4m
↑ 14% YoY
Net Worth
£1.4m
↑ 18% YoY
Current Assets
£1.9m
↑ 26% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £1.45M | £1.23M |
| Current assets | £1.88M | £1.50M |
| Cash | £1.42M | £1.25M |
| Debtors | £453.7k | £235.4k |
| Net assets | £1.38M | £1.17M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (24 events)Click to expand
- 2025-08-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-07-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-08-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-15📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-09-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-05-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-05-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-06-04📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-08-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-08-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-07-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-08-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-12-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-03-13📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2005-01-05🔒Charge registered #1Lender: National Westminster Bank PLC
- 2004-12-22➖COOPER, Mark resigneddirector
- 2001-07-30➕COOPER, Mark appointeddirector
- 1998-11-09🏢Company incorporatedAs ADVANCE AIR LIMITED
- 1998-11-09➕VASCONCELOS, Paul Emanuel Peter appointedsecretary
- 1998-11-09➕BARNSLEY, Sean Geoffrey appointeddirector
- 1998-11-09➕VASCONCELOS, Paul Emanuel Peter appointeddirector
- 1998-11-09➕COATES, Ronald Alan appointeddirector
- 1998-11-09➖COATES, Ronald Alan resigneddirector
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 28 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Paul Emanuel Peter Vasconcelos Individual · British · DOB 12/1965 · age 61 | 50–75% | — | 50-75% shares | 31/10/2016 |
Sean Geoffrey Barnsley Individual · British · DOB 07/1971 · age 55 | 50–75% | — | 50-75% shares | 31/10/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| A J ROLLER SHUTTER DOORS LIMITED→ 11394012 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
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| ACRO YOGA TRAVELS LIMITED→ 14125726 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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| ADRICOMPOSIT LIMITED→ 16452135 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADVANCED GATE-TEC LTD→ 09755859 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ADVANCED TOTAL FIRE PROTECTION LTD→ 14147496 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADVASIGN PRINTING LIMITED→ 16208326 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AER ASSIST LIMITED→ 15056849 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1998-11-09
Jurisdictionengland-wales
Primary SIC33140 — SIC 33140
Registered office
374 Cowbridge Road East
Canton
Cardiff
CF5 1JJ
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31
Officers (3 active · 2 resigned)
VASCONCELOS, Paul Emanuel Peter→
Activesecretary · appointed 1998-11-09
View their other companies + combined net worth →
BARNSLEY, Sean Geoffrey→
Activedirector · ~55y · appointed 1998-11-09
View their other companies + combined net worth →
VASCONCELOS, Paul Emanuel Peter→
Activedirector · ~61y · appointed 1998-11-09
View their other companies + combined net worth →
COATES, Ronald Alan→
Resigneddirector · ~71y · appointed 1998-11-09 · resigned 1998-11-09
COOPER, Mark→
Resigneddirector · ~61y · appointed 2001-07-30 · resigned 2004-12-22
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 05/01/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (74 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-15
change-person-director-company-with-change-date
officers · CH01
2022-12-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-05-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-05-11
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-04