AIRLINE BUSINESS LIMITED

🌳Matureactive
03716048 · ltd · incorporated 1999-02-19
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£274.5k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: SIC 51102
Sector: Transportation & storage
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 73). Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 23.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 23.6 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
96 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
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 £274,497
Cash YoY
+17%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.2m
↑ 17% YoY
Net Worth
£274k
↑ 144% YoY
Current Assets
£1.7m
↑ 13% YoY
Current Liabilities
—
£0£344k£688k£1.0m£1.4m£1.7mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£288.4k£126.4k
Current assets£1.72M£1.53M
Cash£1.23M£1.06M
Debtors£484.6k£471.6k
Net assets£274.5k£112.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2025-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-02-04
    ➕
    CARTER-THOMAS, Jennifer Deborah appointed
    secretary
  4. 2025-02-04
    ➖
    CARTER, Paul resigned
    secretary
  5. 2025-02-04
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  6. 2025-02-04
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2024-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-08-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-01-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2018-12-31
    ➖
    MACFARLAND, Gordon resigned
    director
  16. 2018-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-07-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2018-07-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2018-07-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2018-07-26
    🔓
    Charge satisfied #7
  21. 2018-07-26
    🔓
    Charge satisfied #4
  22. 2018-07-25
    🔒
    Charge registered #8
    Lender: Barclays Security Trustee Limited
  23. 2016-12-31
    ➖
    MULLORD, Mark John resigned
    director
  24. 2011-09-14
    ➕
    CARTER, Paul appointed
    director
  25. 2010-05-14
    🔒
    Charge registered #7
    Lender: Zurich Assurance LTD
  26. 2010-01-19
    🔒
    Charge registered #6
    Lender: Barclays Bank PLC
  27. 2008-11-20
    ➖
    WARNER, Malcolm James resigned
    director
  28. 2008-09-16
    ➕
    MACFARLAND, Gordon appointed
    director
  29. 2008-09-16
    ➕
    MULLORD, Mark John appointed
    director
  30. 2006-07-25
    🔓
    Charge satisfied #1
  31. 2005-11-30
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  32. 2005-06-02
    🔒
    Charge registered #4
    Lender: Vista Centre Limited
  33. 2005-02-03
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  34. 2004-12-21
    ➖
    AHERNE, Geraldine resigned
    director
  35. 2004-12-17
    ➖
    WALKER, Lindsay Blair resigned
    director
  36. 2004-11-12
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  37. 2003-08-27
    ➕
    AHERNE, Geraldine appointed
    director
  38. 2002-10-04
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  39. 2002-04-23
    ➕
    BURGESS, Richard Conrad appointed
    director
  40. 2002-04-23
    ➕
    WALKER, Lindsay Blair appointed
    director
  41. 1999-02-19
    🏢
    Company incorporated
    As AIRLINE BUSINESS LIMITED
  42. 1999-02-19
    ➕
    CARTER, Paul appointed
    secretary
  43. 1999-02-19
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  44. 1999-02-19
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  45. 1999-02-19
    ➕
    WARNER, Malcolm James appointed
    director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 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 24 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Maryland Groupl Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Maryland Groupl Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
AIRLINE BUSINESS LIMITED
This company · 03716048

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%
NameSharesVoting rightsNature of controlNotified
Maryland Groupl Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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

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 →
🔒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
Incorporated1999-02-19
Jurisdictionengland-wales
Primary SIC51102 — SIC 51102

Registered office

Hawne Lodge
7c Westville Avenue
Kidderminster
Worcestershire
DY11 6BZ
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-19
Last: 2026-02-05

Officers (3 active · 7 resigned)

CARTER-THOMAS, Jennifer Deborah→
secretary · appointed 2025-02-04
View their other companies + combined net worth →
Active
BURGESS, Richard Conrad→
director · ~58y · appointed 2002-04-23
View their other companies + combined net worth →
Active
CARTER, Paul→
director · ~73y · appointed 2011-09-14
View their other companies + combined net worth →
Active
CARTER, Paul→
secretary · appointed 1999-02-19 · resigned 2025-02-04
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1999-02-19 · resigned 1999-02-19
Resigned
AHERNE, Geraldine→
director · ~56y · appointed 2003-08-27 · resigned 2004-12-21
Resigned
MACFARLAND, Gordon→
director · ~75y · appointed 2008-09-16 · resigned 2018-12-31
Resigned
MULLORD, Mark John→
director · ~78y · appointed 2008-09-16 · resigned 2016-12-31
Resigned
WALKER, Lindsay Blair→
director · ~83y · appointed 2002-04-23 · resigned 2004-12-17
Resigned
WARNER, Malcolm James→
director · ~83y · appointed 1999-02-19 · resigned 2008-11-20
Resigned

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

Mortgages & charges

8
Total charges
5
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge—25/07/2018—
satisfied
Zurich Assurance
Zurich Assurance LTD
Deed of rent deposit1 property14/05/201026/07/2018
outstanding
Barclays
Barclays Bank PLC
Deed of charge over credit balances1 property19/01/2010—
outstanding
Barclays
Barclays Bank PLC
Deed of charge over credit balances1 property30/11/2005—
satisfied
Vista Centre
Vista Centre Limited
Rent deposit deed1 property02/06/200526/07/2018
outstanding
Barclays
Barclays Bank PLC
Deed of charge over credit balances1 property03/02/2005—
outstanding
Barclays
Barclays Bank PLC
Deed of charge over credit balances1 property12/11/2004—
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property04/10/200225/07/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (96 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-26
appoint-person-secretary-company-with-name-date
officers · AP03
2025-02-04
termination-secretary-company-with-name-termination-date
officers · TM02
2025-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-29