2 EXCEL AVIATION LIMITED

🌳Matureactive
05391365 · ltd · incorporated 2005-03-14
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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
76/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 68). Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

99 live charges · 11 lenders · oldest 20.3y

35/100
too messy

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

  • · Oldest live charge is 20.3 years old — likely at or near maturity.
  • · 11 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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
No iXBRL financials extracted
0
Lenders & charges
99 charges (99/99 with lender, 99/99 with type)
90
Directors & officers
10 officers (8 active, 10 linked, 8 with DOB)
86
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
294 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
6
filings
  • 2 accounts
  • 2 other
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (217 events)Click to expand
  1. 2026-04-13
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  2. 2026-04-13
    📄
    legacy
    accounts · PARENT_ACC
  3. 2026-04-13
    📄
    legacy
    other · GUARANTEE2
  4. 2026-04-13
    📄
    legacy
    other · AGREEMENT2
  5. 2026-04-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2026-04-01
    🔒
    Charge registered #99
    Lender: Leonardo UK LTD
  7. 2025-10-09
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  8. 2025-09-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-09-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-08-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-08-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2025-08-26
    📄
    mortgage-charge-part-release-with-charge-number
    mortgage · MR05
  13. 2025-08-26
    📄
    mortgage-charge-part-release-with-charge-number
    mortgage · MR05
  14. 2025-08-26
    📄
    mortgage-charge-part-release-with-charge-number
    mortgage · MR05
  15. 2025-08-22
    🔒
    Charge registered #98
    Lender: Crestline Direct Finance, L.P.
  16. 2025-08-01
    GEHANI, Soham Sunil appointed
    director
  17. 2025-08-01
    PALMER, Andrew Douglas appointed
    director
  18. 2025-08-01
    RILEY, Steven Michael appointed
    director
  19. 2025-05-07
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  20. 2025-05-07
    📄
    legacy
    accounts · PARENT_ACC
  21. 2025-05-07
    📄
    legacy
    other · AGREEMENT2
  22. 2025-05-07
    📄
    legacy
    other · GUARANTEE2
  23. 2025-04-07
    📄
    capital-allotment-shares
    capital · SH01
  24. 2025-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2024-07-02
    RAE, Anthony James William resigned
    director
  26. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  27. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  28. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  29. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  30. 2024-06-28
    🔒
    Charge registered #97
    Lender: Crestline Direct Finance, L.P.
  31. 2024-06-28
    🔒
    Charge registered #96
    Lender: Crestline Direct Finance, L.P.
  32. 2024-06-28
    🔒
    Charge registered #95
    Lender: Crestline Direct Finance, L.P.
  33. 2024-06-28
    🔒
    Charge registered #94
    Lender: Crestline Direct Finance, L.P.
  34. 2024-06-28
    🔒
    Charge registered #93
    Lender: Crestline Direct Finance, L.P.
  35. 2024-06-28
    🔒
    Charge registered #92
    Lender: Crestline Direct Finance, L.P.
  36. 2024-06-28
    🔒
    Charge registered #91
    Lender: Crestline Direct Finance, L.P.
  37. 2024-06-28
    🔒
    Charge registered #90
    Lender: Crestline Direct Finance, L.P.
  38. 2024-06-28
    🔒
    Charge registered #89
    Lender: Crestline Direct Finance, L.P.
  39. 2024-06-28
    🔒
    Charge registered #88
    Lender: Crestline Direct Finance, L.P.
  40. 2024-06-28
    🔒
    Charge registered #87
    Lender: Crestline Direct Finance, L.P.
  41. 2024-04-17
    🔓
    Charge satisfied #81
  42. 2024-04-17
    🔓
    Charge satisfied #80
  43. 2024-04-17
    🔓
    Charge satisfied #79
  44. 2024-04-17
    🔓
    Charge satisfied #78
  45. 2024-04-17
    🔓
    Charge satisfied #77
  46. 2024-04-17
    🔓
    Charge satisfied #76
  47. 2024-04-17
    🔓
    Charge satisfied #75
  48. 2024-04-17
    🔓
    Charge satisfied #74
  49. 2024-04-17
    🔓
    Charge satisfied #73
  50. 2024-04-17
    🔓
    Charge satisfied #72
Showing most recent 50 of 217 events

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -7 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 21 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.

17 live charges
low

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

Group structure

2 Excel (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
2 Excel (Holdings) Limited
Corporate parent · holds 75-100% shares
ultimate parent
2 EXCEL AVIATION LIMITED
This company · 05391365

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
2 Excel (Holdings) Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting02/06/2017
3 historic (ceased) PSCs
  • Mr Christopher James Richard Nortonceased 02/06/2017· significant influence
  • Mr Andrew Charles Offerceased 02/06/2017· significant influence
  • Mr Harant Pal Singhceased 02/06/2017· significant influence

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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🔒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

Statusactive
Typeltd
Incorporated2005-03-14
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Hall Farm 2 Sywell Aerodrome
Sywell
Northampton
NN6 0BN
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-27
Last: 2026-03-13

Officers (8 active · 2 resigned)

NORTON, Christopher James Richard
secretary · appointed 2006-03-01
View their other companies + combined net worth →
Active
CAMPBELL, Louise Frances
director · ~41y · appointed 2022-06-23
View their other companies + combined net worth →
Active
GEHANI, Soham Sunil
director · ~34y · appointed 2025-08-01
View their other companies + combined net worth →
Active
NORTON, Christopher James Richard
director · ~61y · appointed 2005-03-14
View their other companies + combined net worth →
Active
OFFER, Andrew Charles
director · ~60y · appointed 2005-03-15
View their other companies + combined net worth →
Active
PALMER, Andrew Douglas
director · ~58y · appointed 2025-08-01
View their other companies + combined net worth →
Active
RILEY, Steven Michael
director · ~47y · appointed 2025-08-01
View their other companies + combined net worth →
Active
SINGH, Harant Pal
director · ~68y · appointed 2013-07-12
View their other companies + combined net worth →
Active
EDDLESTONE, Walton Law
secretary · appointed 2005-03-14 · resigned 2006-03-01
Resigned
RAE, Anthony James William
director · ~60y · appointed 2018-04-04 · resigned 2024-07-02
Resigned

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

Mortgages & charges

99
Total charges
17
Outstanding
3
Active lenders
Status:Lender:99 of 99 shown
TypeProperties
outstanding
Leonardo UK
Leonardo UK LTD
A registered charge2 properties01/04/2026
outstanding
Crestline Direct Finance, L.P.
A registered charge22/08/2025
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge1 property28/06/2024
outstanding
Crestline Direct Finance, L.P.
A registered charge16/04/2024
outstanding
Leonardo UK
Leonardo UK LTD
A registered charge1 property21/07/2023
outstanding
Lombard North Central
Lombard North Central PLC
A registered charge1 property18/05/2023
satisfied
Leonardo UK as Mortgagee
Leonardo UK LTD as Mortgagee
A registered charge1 property21/03/202301/08/2023
outstanding
Lombard North Central
Lombard North Central PLC
A registered charge1 property08/03/2023
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202118/03/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge05/03/202117/04/2024
satisfied
Lucid Trustee Services
Lucid Trustee Services Limited
A registered charge1 property15/01/202117/04/2024
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge1 property07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge4 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge4 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge4 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge4 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties07/06/201823/08/2019
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge4 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge3 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge4 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge4 properties07/06/201822/01/2021
satisfied
Shawbrook
Shawbrook Bank Limited
A registered charge4 properties07/06/201822/01/2021
satisfied
Glas Trust Corporation
Glas Trust Corporation Limited
A registered charge02/06/201722/01/2021
satisfied
Glas Trust Corporation
Glas Trust Corporation Limited
A registered charge22/12/201622/01/2021
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property26/08/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property14/07/201607/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property18/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property18/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property18/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property18/02/201607/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property18/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property15/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property15/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property15/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property15/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property15/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property15/02/201605/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property19/12/201405/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property19/12/201405/01/2017
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property23/07/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201407/12/2016
satisfied
Shawbrook
Shawbrook Bank LTD
A registered charge1 property20/06/201405/01/2017
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage deed1 property28/11/201207/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage deed1 property27/11/201207/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage deed1 property15/10/201207/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage deed1 property15/10/201207/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage deed1 property15/10/201207/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage deed1 property20/08/201207/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage deed1 property09/12/201107/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage deed1 property22/11/201107/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage deed1 property28/04/201107/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Deed of memorandum of variation1 property06/04/201107/12/2016
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage1 property10/08/201007/12/2016
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property14/08/200912/01/2021
satisfied
Close Asset Finance
Close Asset Finance Limited
Aircraft mortgage1 property26/05/200907/12/2016
satisfied
Barclays
Barclays Bank PLC
Aircraft mortgage2 properties07/04/200617/10/2012
satisfied
Barclays
Barclays Bank PLC
Aircraft mortgage1 property20/03/200617/10/2012
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (294 total)

accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-04-13
legacy
accounts · PARENT_ACC
2026-04-13
legacy
other · GUARANTEE2
2026-04-13
legacy
other · AGREEMENT2
2026-04-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-08
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-26
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2025-10-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-05
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
appoint-person-director-company-with-name-date
officers · AP01
2025-08-29
appoint-person-director-company-with-name-date
officers · AP01
2025-08-29
mortgage-charge-part-release-with-charge-number
mortgage · MR05
2025-08-26
mortgage-charge-part-release-with-charge-number
mortgage · MR05
2025-08-26
mortgage-charge-part-release-with-charge-number
mortgage · MR05
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