BOULTBEE FLIGHT ACADEMY LTD
💤Zombieactive
07623458 · ltd · incorporated 2011-05-05
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£1.97M
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Other education n.e.c.
Sector: Education
Investor take
Special-situation opportunityDistressed education with salvageable qualities — special-situations priority.
Opportunity 68/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · oldest 7.8y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £1,967,010
Cash YoY
+60%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£825k
↑ 60% YoY
Net Worth
£2.0m
↑ 13% YoY
Current Assets
£1.8m
↑ 15% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £3.55M | £3.41M |
| Current assets | £1.79M | £1.56M |
| Cash | £825.1k | £514.5k |
| Debtors | £950.0k | £1.04M |
| Net assets | £1.97M | £1.75M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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 mortgage
Last 180 days
1
filing
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-05-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-05-20🔒Charge registered #4Lender: Close Brothers Limited
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-12-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-15🔒Charge registered #3Lender: Close Brothers Limited
- 2023-12-15🔒Charge registered #2Lender: Close Brothers Limited
- 2023-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-19📄capital-name-of-class-of-sharescapital · SH08
- 2021-02-25📄capital-cancellation-sharescapital · SH06
- 2021-02-24📄capital-cancellation-sharescapital · SH06
- 2021-02-09📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-02-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-01-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-01-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-12-31➖BROOKS, Steven Boultbee resigneddirector
- 2020-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-03🔓Charge satisfied #1
- 2018-10-02🔒Charge registered #1Lender: Close Brothers Limited
- 2012-05-06➖BOULTBEE BROOKS, Steven resignedsecretary
- 2011-05-05🏢Company incorporatedAs BOULTBEE FLIGHT ACADEMY LTD
- 2011-05-05➕JONES, Matthew Alan appointeddirector
- 2011-05-05➕BOULTBEE BROOKS, Steven appointedsecretary
- 2011-05-05➕BROOKS, Steven Boultbee appointeddirector
Owner dependency
85/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 15 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-15
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew Alan Jones Individual · British · DOB 10/1973 · age 53 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mr Steven Boultbee Brooksceased 31/12/2020· 25-50% shares · 25-50% voting · board control · firm interest
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 →Similar companies
Active · Education & training · PO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ANCHORHEART EDUCATION SERVICES LIMITED→ 12329565 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BAREFOOT BODY TRAINING LIMITED→ 11139636 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| BARN OWLS AFTER SCHOOL CLUB LTD→ 05242972 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BASCULE DISABILITY TRAINING LIMITED→ 11544137 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BETWEEN INN LTD→ 15681103 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BLOSSOMING BIRTHS LTD→ 14496921 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BOATABILITY (PORTSMOUTH) LIMITED→ 07615037 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| BODSTER EQUINE ASSISTED LEARNING COMMUNITY INTEREST COMPANY→ 08262297 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| BOOGIE MITES UK LTD→ 06326903 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| BPCOACHING LIMITED→ 13295328 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BRIAN SCADDAN (UK) APPRENTICESHIPS LIMITED→ 11886909 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BRIAN SCADDAN (UK) LIMITED→ 12484687 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2011-05-05
Jurisdictionengland-wales
Primary SIC85590 — Other education n.e.c.
Registered office
Hangar 8 Goodwood Aerodrome
Chichester
PO18 0PH
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-15OVERDUE
Last: 2025-07-01
Officers (1 active · 2 resigned)
JONES, Matthew Alan→
Activedirector · ~53y · appointed 2011-05-05
View their other companies + combined net worth →
BOULTBEE BROOKS, Steven→
Resignedsecretary · appointed 2011-05-05 · resigned 2012-05-06
BROOKS, Steven Boultbee→
Resigneddirector · ~65y · appointed 2011-05-05 · resigned 2020-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 20/05/2026 | — | |
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 15/12/2023 | — | |
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 15/12/2023 | — | |
| satisfied | Close Brothers Close Brothers Limited | A registered charge | 1 property | 02/10/2018 | 03/09/2020 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (69 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-01
capital-name-of-class-of-shares
capital · SH08
2021-06-19