AIRWORK (PNEUMATICS) LIMITED

🌳Matureactive

05467683 · ltd · incorporated 2005-05-31

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 May 2025

Net worth

£2.4k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 46140

Sector: Wholesale & retail

Investor take

Pursue

Asset-holding vehicle with a 68-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (76/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

4 officers (3 active, 4 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

56 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £2,370

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£2k

↑ 43% YoY

Current Assets

£26k

↑ 37% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£3.4k	£18.9k
Current assets	£25.8k	£18.9k
Net assets	£2.4k	£1.7k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2025-06-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-02-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-02-02
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-02-02
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-06-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-03
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-04
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-06-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-01-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2005-05-31
🏢
Company incorporated
As AIRWORK (PNEUMATICS) LIMITED
2005-05-31
➕
BUDGEN, Helen Anne appointed
secretary
2005-05-31
➕
BUDGEN, Helen Anne appointed
director
2005-05-31
➕
BUDGEN, Trevor Charles appointed
director
2005-05-31
➕
INCORPORATE SECRETARIAT LIMITED appointed
corporate-nominee-secretary
2005-05-31
➖
INCORPORATE SECRETARIAT LIMITED resigned
corporate-nominee-secretary

Owner dependency

91/100

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 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Trevor Charles Budgen Individual · British · DOB 03/1958 · age 68	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control · trust interest · firm interest	31/05/2017
Mrs Helen Anne Budgen Individual · British · DOB 07/1958 · age 68	25–50%	25–50%	25-50% shares · 25-50% voting	31/05/2017

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

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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.

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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.

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Company details

Statusactive

Typeltd

Incorporated2005-05-31

Jurisdictionengland-wales

Primary SIC46140 — SIC 46140

Registered office

Hayling Pond Cottage Church Street

West Chiltington

Pulborough

West Sussex

RH20 2JW

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-06-14

Last: 2025-05-31

Officers (3 active · 1 resigned)

BUDGEN, Helen Anne→

secretary · appointed 2005-05-31

View their other companies + combined net worth →

Active

BUDGEN, Helen Anne→

director · ~68y · appointed 2005-05-31

View their other companies + combined net worth →

Active

BUDGEN, Trevor Charles→

director · ~68y · appointed 2005-05-31

View their other companies + combined net worth →

Active

INCORPORATE SECRETARIAT LIMITED→

corporate-nominee-secretary · appointed 2005-05-31 · resigned 2005-05-31

Resigned

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