BOSTONAIR TECHNICAL TRAINING LTD

🌳Matureactive
06438632 · ltd · incorporated 2007-11-27
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.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£343.4k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Technical and vocational secondary education
Sector: Education
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -47% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 18.1y

30/100
under pressure

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

  • · Oldest live charge is 18.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £343,440
Net assets shrinking
Down £294,799 YoY
Cash draining
Cash down 47% YoY
Cash YoY
-47%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£357k
↓ 47% YoY
Net Worth
£343k
↓ 46% YoY
Current Assets
£508k
↓ 37% YoY
Current Liabilities
£0£162k£323k£485k£646k£808kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£343.4k£638.2k
Current assets£508.2k£807.8k
Cash£357.1k£679.8k
Debtors£151.1k£128.0k
Net assets£343.4k£638.2k

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

🔒Filing-note intelligence

3 signals 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
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-09-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2024-09-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2023-01-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2021-09-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2020-09-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2019-09-24
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2018-10-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2017-09-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2016-10-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2016-10-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2015-11-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-06-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2014-12-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-08-14
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2014-07-17
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  17. 2011-08-25
    SUMNER, Adam Winston appointed
    director
  18. 2011-07-29
    COUSENS, Jonathan Bryce Irwin resigned
    secretary
  19. 2011-07-29
    COUSENS, Jonathan Bryce Irwin resigned
    director
  20. 2011-05-10
    GIBBONS, James Howard resigned
    director
  21. 2011-05-10
    STANSFIELD, Keith Leslie resigned
    director
  22. 2010-11-08
    🔓
    Charge satisfied #1
  23. 2008-09-01
    GIBBONS, James Howard appointed
    director
  24. 2008-04-25
    STANSFIELD, Keith Leslie appointed
    director
  25. 2008-04-22
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  26. 2007-11-27
    🏢
    Company incorporated
    As BOSTONAIR TECHNICAL TRAINING LTD
  27. 2007-11-27
    PARKES, Mark appointed
    director
  28. 2007-11-27
    COUSENS, Jonathan Bryce Irwin appointed
    secretary
  29. 2007-11-27
    COUSENS, Jonathan Bryce Irwin appointed
    director

Owner dependency

68/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Mark Neil Parkes
Individual · British · DOB 04/1974 · age 52
sig. influencesignificant influence06/04/2016

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

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 →
🔒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
Incorporated2007-11-27
Jurisdictionengland-wales
Primary SIC85320 — Technical and vocational secondary education

Registered office

Norwood House
Norwood
Beverley
HU17 9ET
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-26
Last: 2026-02-12

Officers (2 active · 4 resigned)

PARKES, Mark
director · ~52y · appointed 2007-11-27
View their other companies + combined net worth →
Active
SUMNER, Adam Winston
director · ~56y · appointed 2011-08-25
View their other companies + combined net worth →
Active
COUSENS, Jonathan Bryce Irwin
secretary · appointed 2007-11-27 · resigned 2011-07-29
Resigned
COUSENS, Jonathan Bryce Irwin
director · ~86y · appointed 2007-11-27 · resigned 2011-07-29
Resigned
GIBBONS, James Howard
director · ~76y · appointed 2008-09-01 · resigned 2011-05-10
Resigned
STANSFIELD, Keith Leslie
director · ~65y · appointed 2008-04-25 · resigned 2011-05-10
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property17/07/2014
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property22/04/200808/11/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (55 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-small
accounts · AA
2025-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-21
accounts-with-accounts-type-small
accounts · AA
2024-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-small
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-small
accounts · AA
2023-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-17
accounts-with-accounts-type-small
accounts · AA
2021-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-12
accounts-with-accounts-type-small
accounts · AA
2020-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-11
accounts-with-accounts-type-small
accounts · AA
2019-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-10