AERO ASSETS LTD
Opportunity 58/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.
Refinance opportunity
1 live charge · oldest 10.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2023-02-28 | 2022-02-28 |
|---|---|---|
| Average employees | 100 | 400 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (28 events)Click to expand
- 2025-04-10📄change-person-director-company-with-change-dateofficers · CH01
- 2023-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-05📄gazette-filings-brought-up-to-dategazette · DISS40
- 2020-02-04📄gazette-notice-compulsorygazette · GAZ1
- 2019-10-10📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2019-07-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-07-19🔓Charge satisfied #1
- 2019-06-26📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2018-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2017-06-19📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-01-21🔒Charge registered #1Lender: National Westminster Bank PLC
- 2009-05-21➖CURZON CORPORATE SECRETARIES LTD resignedcorporate-secretary
- 2005-09-19➕CARSTAIRS, Guy Nicholas Menzies appointeddirector
- 2005-09-05➖DUPORT SECRETARY LIMITED resignedcorporate-nominee-secretary
- 2005-09-02➕CURZON CORPORATE SECRETARIES LTD appointedcorporate-secretary
- 2005-07-07➕DUPORT SECRETARY LIMITED appointedcorporate-nominee-secretary
- 2005-06-23➖DUPORT SECRETARY LIMITED resignedcorporate-nominee-secretary
- 2005-06-23➖DUPORT DIRECTOR LIMITED resignedcorporate-nominee-director
- 2005-06-22🏢Company incorporatedAs AERO ASSETS LTD
- 2005-06-22➕DUPORT SECRETARY LIMITED appointedcorporate-nominee-secretary
- 2005-06-22➕DUPORT DIRECTOR LIMITED appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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.
Red flags
2 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-02-28
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-28
Group structure
Jetbay Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Jetbay Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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10 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 →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
Registered office
Filing status
Officers (1 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 21/01/2016 | 19/07/2019 |