BOSTONAIR TECHNICAL TRAINING LTD
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
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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| 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.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (29 events)Click to expand
- 2025-09-17📄accounts-with-accounts-type-smallaccounts · AA
- 2024-09-16📄accounts-with-accounts-type-smallaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2023-01-07📄accounts-with-accounts-type-smallaccounts · AA
- 2021-09-20📄accounts-with-accounts-type-smallaccounts · AA
- 2020-09-22📄accounts-with-accounts-type-smallaccounts · AA
- 2019-09-24📄accounts-with-accounts-type-smallaccounts · AA
- 2018-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2017-09-26📄accounts-with-accounts-type-fullaccounts · AA
- 2016-10-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2015-11-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-12📄accounts-with-accounts-type-smallaccounts · AA
- 2014-12-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-08-14📄accounts-with-accounts-type-smallaccounts · AA
- 2014-07-17🔒Charge registered #2Lender: Hsbc Bank PLC
- 2011-08-25➕SUMNER, Adam Winston appointeddirector
- 2011-07-29➖COUSENS, Jonathan Bryce Irwin resignedsecretary
- 2011-07-29➖COUSENS, Jonathan Bryce Irwin resigneddirector
- 2011-05-10➖GIBBONS, James Howard resigneddirector
- 2011-05-10➖STANSFIELD, Keith Leslie resigneddirector
- 2010-11-08🔓Charge satisfied #1
- 2008-09-01➕GIBBONS, James Howard appointeddirector
- 2008-04-25➕STANSFIELD, Keith Leslie appointeddirector
- 2008-04-22🔒Charge registered #1Lender: National Westminster Bank PLC
- 2007-11-27🏢Company incorporatedAs BOSTONAIR TECHNICAL TRAINING LTD
- 2007-11-27➕PARKES, Mark appointeddirector
- 2007-11-27➕COUSENS, Jonathan Bryce Irwin appointedsecretary
- 2007-11-27➕COUSENS, Jonathan Bryce Irwin appointeddirector
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 19 years — deep operational knowledge concentrated in one person.
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 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
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Neil Parkes Individual · British · DOB 04/1974 · age 52 | — | — | sig. influencesignificant influence | 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.
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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 (2 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 17/07/2014 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 22/04/2008 | 08/11/2010 |