ASCEND AIRWAYS LIMITED
⚰️Wound downliquidation
05228762 · ltd · incorporated 2004-09-13
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 20.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2023
Net worth
—
book net assets
Opportunity
45/100
Watch
What this business does
Primary activity: SIC 51102
Sector: Transportation & storage
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 45/100 (watch), bankability 50/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 20.8y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 20.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 43/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (72/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
13 officers (2 active, 13 linked, 8 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
108 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
45/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2023-12-31 |
|---|---|
| Average employees | 1400 |
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
4
filings
- • 2 insolvency
- • 1 address
- • 1 resolution
Last 180 days
4
filings
- • 2 insolvency
- • 1 address
- • 1 resolution
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
- 2026-05-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-05-28⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2026-05-28📄resolutionresolution · RESOLUTIONS
- 2026-05-28⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2025-11-25📄accounts-with-accounts-type-fullaccounts · AA
- 2025-08-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-30🔒Charge registered #2Lender: Jin Shan 1 Ireland Company Limited
- 2024-09-11📄accounts-with-accounts-type-audited-abridgedaccounts · AA
- 2023-10-24📄capital-name-of-class-of-sharescapital · SH08
- 2023-10-24📄memorandum-articlesincorporation · MA
- 2023-10-24📄resolutionresolution · RESOLUTIONS
- 2023-10-23✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2023-10-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-10-17📄capital-allotment-sharescapital · SH01
- 2023-09-28📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-09-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-09-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-07-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-18📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-07-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-11➕JANUKĖNAS, Jonas appointeddirector
- 2023-07-11➕WILLSON, Alastair Mark appointeddirector
- 2023-07-11➖HEAVENS, Hannah Elizabeth resignedsecretary
- 2023-07-11➖HEAVENS, Glen George resigneddirector
- 2023-07-11➖HEAVENS, Hannah Elizabeth resigneddirector
- 2023-07-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-07-10🔓Charge satisfied #1
- 2023-07-07➕HEAVENS, Hannah Elizabeth appointeddirector
- 2019-06-30➖EDWARDS, David Philip resigneddirector
- 2019-06-30➖WELLS, Thomas Clayton resigneddirector
- 2017-10-24➕EDWARDS, David Philip appointeddirector
- 2017-10-24➕WELLS, Thomas Clayton appointeddirector
- 2011-08-01➕HEAVENS, Hannah Elizabeth appointedsecretary
- 2010-12-16➖MCLOUGHLIN, Carmel Marie resignedsecretary
- 2010-06-29➖MAGAN, Patrick George Biddulph resigneddirector
- 2009-08-04➕MCLOUGHLIN, Carmel Marie appointedsecretary
- 2009-08-04➖MIR, Taqi Ullah resignedsecretary
- 2008-12-13➖BRITTION, Fiona resignedsecretary
- 2008-12-13➕MIR, Taqi Ullah appointedsecretary
- 2008-12-13➖BRITTION, Fiona resigneddirector
- 2008-12-13➕MAGAN, Patrick George Biddulph appointeddirector
- 2005-09-13🔒Charge registered #1Lender: Hsbc Bank PLC
- 2004-09-13🏢Company incorporatedAs ASCEND AIRWAYS LIMITED
- 2004-09-13➕BRITTION, Fiona appointedsecretary
- 2004-09-13➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 2004-09-13➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 2004-09-13➕BRITTION, Fiona appointeddirector
- 2004-09-13➕HEAVENS, Glen George appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 high ·Company in liquidation
highCompany is actively being wound up. Not a going concern.
2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-05-28: liquidation-voluntary-appointment-of-liquidator; 2026-05-28: liquidation-voluntary-statement-of-affairs
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gediminas Žiemelis Individual · Lithuanian · DOB 04/1977 · age 49 | 50–75% | — | 50-75% shares | 11/07/2023 |
1 historic (ceased) PSC
- Mr Glen George Heavensceased 11/07/2023· 75-100% shares
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 →Similar companies
Active · Transport & logistics · NR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A&M SOLUTIONS 4 U LTD→ 13881309 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AA DISPATCH (UK) LIMITED→ 06410416 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ABBEY TRANSPORT LIMITED→ 00323276 · est 1937 · no financials extracted | — | — | — | — | 89y | — | — |
| ABP TRANS LTD→ 14903531 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AEROTECH MAINTENANCE LTD→ 14635105 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AFFORDABLE VEHICLE MOVEMENTS LTD→ 12989808 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AIDULCE AVIATION SERVICES LIMITED→ 11968756 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AIK TRANSPORT SERVICES LTD→ 13615125 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AIR WORKS EMPIRE UK LIMITED→ 08339606 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AL HARVEY LIMITED→ 12012697 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ALBIES LTD→ 07499170 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| ALEX BADULESCU TRANSPORT LTD→ 10601794 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Statusliquidation
Typeltd
Incorporated2004-09-13
Jurisdictionengland-wales
Primary SIC51102 — SIC 51102
Registered office
Anglia House 6 Central Avenue
St. Andrews Business Park
Norwich
NR7 0HR
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-27
Last: 2025-09-13
Officers (2 active · 11 resigned)
JANUKĖNAS, Jonas→
Activedirector · ~50y · appointed 2023-07-11
View their other companies + combined net worth →
WILLSON, Alastair Mark→
Activedirector · ~40y · appointed 2023-07-11
View their other companies + combined net worth →
BRITTION, Fiona→
Resignedsecretary · appointed 2004-09-13 · resigned 2008-12-13
HEAVENS, Hannah Elizabeth→
Resignedsecretary · appointed 2011-08-01 · resigned 2023-07-11
MCLOUGHLIN, Carmel Marie→
Resignedsecretary · appointed 2009-08-04 · resigned 2010-12-16
MIR, Taqi Ullah→
Resignedsecretary · appointed 2008-12-13 · resigned 2009-08-04
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-09-13 · resigned 2004-09-13
BRITTION, Fiona→
Resigneddirector · ~57y · appointed 2004-09-13 · resigned 2008-12-13
EDWARDS, David Philip→
Resigneddirector · ~50y · appointed 2017-10-24 · resigned 2019-06-30
HEAVENS, Glen George→
Resigneddirector · ~55y · appointed 2004-09-13 · resigned 2023-07-11
HEAVENS, Hannah Elizabeth→
Resigneddirector · ~42y · appointed 2023-07-07 · resigned 2023-07-11
MAGAN, Patrick George Biddulph→
Resigneddirector · ~42y · appointed 2008-12-13 · resigned 2010-06-29
WELLS, Thomas Clayton→
Resigneddirector · ~44y · appointed 2017-10-24 · resigned 2019-06-30
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Jin Shan 1 Ireland Company Jin Shan 1 Ireland Company Limited | A registered charge | — | 30/07/2025 | — | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 13/09/2005 | 10/07/2023 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (108 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-28
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2026-05-28
resolution
resolution · RESOLUTIONS
2026-05-28
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2026-05-28
accounts-with-accounts-type-full
accounts · AA
2025-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-24
accounts-with-accounts-type-audited-abridged
accounts · AA
2024-09-11
capital-name-of-class-of-shares
capital · SH08
2023-10-24
memorandum-articles
incorporation · MA
2023-10-24
resolution
resolution · RESOLUTIONS
2023-10-24
certificate-change-of-name-company
change-of-name · CERTNM
2023-10-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-18