AIRSMART LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
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 | 2024-12-31 | 2023-12-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (23 events)Click to expand
- 2025-09-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-08-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-11-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-07-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-07-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-09-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-09-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-07-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-07-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2016-09-09📄change-person-director-company-with-change-dateofficers · CH01
- 2006-08-30🏢Company incorporatedAs AIRSMART LIMITED
- 2006-08-30➕TURNER, Andrew John appointedsecretary
- 2006-08-30➕TURNER, Andrew John appointeddirector
- 2006-08-30➕TURNER, Nigel John appointeddirector
- 2006-08-30➕GRAEME, Paul Gordon appointedsecretary
- 2006-08-30➖GRAEME, Paul Gordon resignedsecretary
- 2006-08-30➕GRAEME, Lesley Joyce appointeddirector
- 2006-08-30➖GRAEME, Lesley Joyce resigneddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew John Turner Individual · British · DOB 10/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Nigel John Turner Individual · British · DOB 11/1971 · age 55 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
2 historic (ceased) PSCs
- Mr Andrew John Turnerceased 29/07/2021· 25-50% shares · 25-50% voting
- Mr Nigel John Turnerceased 29/07/2021· 25-50% shares · 25-50% voting
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.
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6 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 (3 active · 2 resigned)
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