CAS AVIATION SERVICES LIMITED

🚨Distressedactive
05965083 · ltd · incorporated 2006-10-12
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2024
Net worth
£-74.9k
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: SIC 33160
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 19.1y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 19.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
36 officers (2 active, 36 linked, 34 with DOB)
89
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
124 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £74,855

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£75k
↓ 46% YoY
Current Assets
£150k
↑ 20% YoY
Current Liabilities
—
-£75k-£30k£15k£60k£105k£150kApr 2023Apr 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-04-302023-04-30
Total assets£-59.0k£-25.4k
Current assets£150.3k£125.0k
Net assets£-74.9k£-51.3k

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

🔒Filing-note intelligence

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

Last 30 days
1
filing
  • • 1 gazette
Last 90 days
1
filing
  • • 1 gazette
Last 180 days
1
filing
  • • 1 gazette
Counts from Companies House filing history.
Corporate timeline (91 events)Click to expand
  1. 2026-07-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-04-19
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  6. 2022-03-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2022-03-04
    ➕
    MERRIFIELD, Debbie appointed
    director
  8. 2022-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-03-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2020-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-09-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2019-09-23
    🔓
    Charge satisfied #1
  14. 2019-07-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2019-07-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2019-07-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2019-07-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2019-07-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2019-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2019-01-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2018-08-09
    ➖
    GIBSON, Richard John resigned
    director
  22. 2018-02-14
    ➕
    TWEMLOW, Andrew Mark appointed
    director
  23. 2018-02-14
    ➖
    CHITTENDEN, Nicholas Stephen resigned
    director
  24. 2018-02-14
    ➖
    DENNIS, Corinne resigned
    director
  25. 2018-02-14
    ➕
    GIBSON, Richard John appointed
    director
  26. 2018-02-14
    ➖
    WHITE, Peter Richard resigned
    director
  27. 2018-01-03
    ➖
    NEWBY, Graham John resigned
    director
  28. 2017-10-18
    ➕
    CHITTENDEN, Nicholas Stephen appointed
    director
  29. 2017-10-18
    ➕
    DENNIS, Corinne appointed
    director
  30. 2017-10-18
    ➖
    KNIGHT, Jacob Antony resigned
    director
  31. 2017-10-18
    ➕
    WHITE, Peter Richard appointed
    director
  32. 2017-10-18
    ➖
    WILKINSON, Richard resigned
    director
  33. 2017-10-04
    ➖
    APPLETON, Patrick Charles resigned
    director
  34. 2017-02-15
    ➖
    FERN, Edwin Darren resigned
    director
  35. 2017-02-15
    ➖
    HARRIS, Robert resigned
    director
  36. 2017-02-15
    ➖
    SAW, Richard Michael Doree resigned
    director
  37. 2016-07-20
    ➕
    APPLETON, Patrick Charles appointed
    director
  38. 2016-07-20
    ➖
    EARL, David Leigh Terry resigned
    director
  39. 2016-07-20
    ➕
    HARRIS, Robert appointed
    director
  40. 2016-07-20
    ➕
    KNIGHT, Jacob Antony appointed
    director
  41. 2016-07-20
    ➖
    WHITE, Peter Richard resigned
    director
  42. 2016-07-20
    ➖
    WILKINS, Denis Charles resigned
    director
  43. 2015-10-21
    ➖
    CARDEW, Philip Peel resigned
    director
  44. 2015-10-21
    ➖
    HOBSON, David Martin resigned
    director
  45. 2015-10-21
    ➖
    WILSON, Terence John resigned
    director
  46. 2015-07-31
    ➕
    FERN, Edwin Darren appointed
    director
  47. 2015-07-31
    ➕
    SAW, Richard Michael Doree appointed
    director
  48. 2014-07-09
    ➕
    EARL, David Leigh Terry appointed
    director
  49. 2014-07-09
    ➕
    NEWBY, Graham John appointed
    director
  50. 2014-07-01
    ➖
    REBURN, Nigel Barter resigned
    director
Showing most recent 50 of 91 events

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-04-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-07

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Mark Twemlow
Individual · British · DOB 08/1968 · age 58
75–100%
75–100%board control75-100% shares · 75-100% voting · board control14/02/2018
1 historic (ceased) PSC
  • Cornwall Flying Club Limitedceased 14/02/2018· 75-100% shares · 75-100% voting · board control

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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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

Statusactive
Typeltd
Incorporated2006-10-12
Jurisdictionengland-wales
Primary SIC33160 — SIC 33160

Registered office

Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH
England

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-04-07OVERDUE
Last: 2025-03-24

Officers (2 active · 34 resigned)

MERRIFIELD, Debbie→
director · ~60y · appointed 2022-03-04
View their other companies + combined net worth →
Active
TWEMLOW, Andrew Mark→
director · ~58y · appointed 2018-02-14
View their other companies + combined net worth →
Active
LUCAS, David→
secretary · appointed 2012-12-21 · resigned 2013-06-26
Resigned
TAYLOR, Mark→
secretary · appointed 2006-10-12 · resigned 2012-12-20
Resigned
APPLETON, Patrick Charles→
director · ~68y · appointed 2016-07-20 · resigned 2017-10-04
Resigned
BOOTH, William David→
director · ~60y · appointed 2010-08-11 · resigned 2012-03-04
Resigned
BOYCE, Derek Royston→
director · ~70y · appointed 2006-10-12 · resigned 2009-08-31
Resigned
BRIERLEY, Roger→
director · ~59y · appointed 2008-10-13 · resigned 2011-11-17
Resigned
CARDEW, Philip Peel→
director · ~97y · appointed 2011-11-30 · resigned 2015-10-21
Resigned
CARDEW, Philip Peel→
director · ~97y · appointed 2006-10-18 · resigned 2010-08-11
Resigned
CHITTENDEN, Nicholas Stephen→
director · ~57y · appointed 2017-10-18 · resigned 2018-02-14
Resigned
DALTON, Geoffrey→
director · ~83y · appointed 2006-10-12 · resigned 2008-10-13
Resigned
DENNIS, Corinne→
director · ~65y · appointed 2017-10-18 · resigned 2018-02-14
Resigned
EARL, David Leigh Terry→
director · ~83y · appointed 2014-07-09 · resigned 2016-07-20
Resigned
FERN, Edwin Darren→
director · ~65y · appointed 2015-07-31 · resigned 2017-02-15
Resigned
GIBSON, Richard John→
director · ~64y · appointed 2018-02-14 · resigned 2018-08-09
Resigned
HARRIS, Robert→
director · ~69y · appointed 2016-07-20 · resigned 2017-02-15
Resigned
HARTLEY, Terry→
director · ~83y · appointed 2006-10-12 · resigned 2011-09-07
Resigned
HAYES, Adrian Maxwell→
director · ~65y · appointed 2008-10-13 · resigned 2011-09-07
Resigned
HOBSON, David Martin→
director · ~70y · appointed 2013-06-26 · resigned 2015-10-21
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property31/05/200723/09/2019

Recent filings (124 total)

gazette-notice-compulsory
gazette · GAZ1
2026-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-20
certificate-change-of-name-company
change-of-name · CERTNM
2022-04-19
appoint-person-director-company-with-name-date
officers · AP01
2022-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-03-24
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-23