AIR-LINE SYSTEMS LIMITED

🌳Matureactive
04774141 · ltd · incorporated 2003-05-22
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£21.9k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Repair of machinery
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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
Confirmed no charges registered
85
Directors & officers
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £21,885
Net assets shrinking
Down £6,675 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£22k
↓ 23% YoY
Current Assets
£149k
~ YoY
Current Liabilities
—
£0£30k£60k£89k£119k£149kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£26.7k£38.7k
Current assets£148.9k£147.5k
Net assets£21.9k£28.6k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-02
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2024-04-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-04-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-04-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2024-04-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-05-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2022-12-31
    ➖
    SPRINGETT, Raymond John resigned
    director
  11. 2022-10-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-11-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2016-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2015-04-06
    ➕
    BOSTON, Rosemary Louise appointed
    secretary
  19. 2015-04-06
    ➕
    BASTIN, Jeremy Charles appointed
    director
  20. 2015-04-06
    ➕
    BOSTON, Rosemary Louise appointed
    director
  21. 2015-04-06
    ➖
    O'KEEFFE, Julie Margaret resigned
    secretary
  22. 2015-04-06
    ➖
    O'KEEFFE, Julie Margaret resigned
    director
  23. 2015-04-06
    ➖
    O'KEEFFE, Stephen John resigned
    director
  24. 2015-04-06
    ➕
    SPRINGETT, Raymond John appointed
    director
  25. 2003-05-29
    ➕
    O'KEEFFE, Julie Margaret appointed
    secretary
  26. 2003-05-29
    ➕
    O'KEEFFE, Julie Margaret appointed
    director
  27. 2003-05-29
    ➕
    O'KEEFFE, Stephen John appointed
    director
  28. 2003-05-27
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  29. 2003-05-27
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  30. 2003-05-22
    🏢
    Company incorporated
    As AIR-LINE SYSTEMS LIMITED
  31. 2003-05-22
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  32. 2003-05-22
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

73/100
High — earn-out structure required

Material 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.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

71/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 23 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Air-Line Systems Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Air-Line Systems Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
AIR-LINE SYSTEMS LIMITED
This company · 04774141

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
Air-Line Systems Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control23/05/2016

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

7 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
Incorporated2003-05-22
Jurisdictionengland-wales
Primary SIC33120 — Repair of machinery

Registered office

Unit 6 Stafford Close
Ashford
Kent
TN23 4TT
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-05
Last: 2025-05-22

Officers (3 active · 6 resigned)

BOSTON, Rosemary Louise→
secretary · appointed 2015-04-06
View their other companies + combined net worth →
Active
BASTIN, Jeremy Charles→
director · ~57y · appointed 2015-04-06
View their other companies + combined net worth →
Active
BOSTON, Rosemary Louise→
director · ~65y · appointed 2015-04-06
View their other companies + combined net worth →
Active
O'KEEFFE, Julie Margaret→
secretary · appointed 2003-05-29 · resigned 2015-04-06
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2003-05-22 · resigned 2003-05-27
Resigned
O'KEEFFE, Julie Margaret→
director · ~68y · appointed 2003-05-29 · resigned 2015-04-06
Resigned
O'KEEFFE, Stephen John→
director · ~70y · appointed 2003-05-29 · resigned 2015-04-06
Resigned
SPRINGETT, Raymond John→
director · ~69y · appointed 2015-04-06 · resigned 2022-12-31
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2003-05-22 · resigned 2003-05-27
Resigned

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

Recent filings (71 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-22
change-person-secretary-company-with-change-date
officers · CH03
2024-04-02
change-person-director-company-with-change-date
officers · CH01
2024-04-02
change-person-director-company-with-change-date
officers · CH01
2024-04-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-04-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-26
termination-director-company-with-name-termination-date
officers · TM01
2023-05-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-25
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-29