DAX AIR LIMITED

🌳Matureactive

07962826 · ltd · incorporated 2012-02-23

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£983.7k

book net assets

Opportunity

69/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Repair of machinery

Sector: Manufacturing

ALSO REGISTERED FOR

33200SIC 33200

Investor take

Pursue

Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 14.2y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 14.2 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

10 officers (5 active, 10 linked, 8 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

53 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review 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 £983,665

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£984k

↑ 21% YoY

Current Assets

£1.1m

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£1.28M	£1.12M
Current assets	£1.11M	£1.10M
Net assets	£983.7k	£814.8k

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

filings

Last 90 days

filings

• 2 officers

Last 180 days

filings

• 6 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2026-06-05
📄
change-person-director-company-with-change-date
officers · CH01
2026-06-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-05-26
➕
STIRK, Gary Joe appointed
director
2026-03-09
📄
change-person-director-company-with-change-date
officers · CH01
2026-03-09
📄
change-person-secretary-company-with-change-date
officers · CH03
2026-03-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-09
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-23
➖
SHORTREED, Paul resigned
secretary
2026-02-23
➖
SHORTREED, Paul resigned
director
2025-12-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-17
➕
HEWITT, Sara Louise appointed
secretary
2025-11-17
➕
HEWITT, Sara Louise appointed
director
2025-11-17
➕
THOMAS, Paul appointed
director
2025-11-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-17
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-09-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-16
🔓
Charge satisfied #2
2024-09-16
🔓
Charge satisfied #1
2024-08-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-03
🔓
Charge satisfied #3
2024-07-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-06-16
➖
STALKER, Ian Robert resigned
director
2023-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-13
➖
HAYTER, Andrew Thomas resigned
director
2019-07-02
🔒
Charge registered #5
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
2019-03-12
🔒
Charge registered #4
Lender: Clydesdale Bank PLC
2016-04-01
➕
HAYTER, Andrew Thomas appointed
director
2016-04-01
➖
TOWNSEND, Alan James resigned
director
2014-12-13
🔒
Charge registered #3
Lender: National Westminster Bank PLC
2012-05-23
🔒
Charge registered #2
Lender: National Westminster Bank PLC
2012-04-26
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2012-02-23
🏢
Company incorporated
As DAX AIR LIMITED
2012-02-23
➕
HEWITT, Neil Dax appointed
director
2012-02-23
➕
SHORTREED, Paul appointed
secretary
2012-02-23
➕
SHORTREED, Paul appointed
director
2012-02-23
➕
STALKER, Ian Robert appointed
director
2012-02-23
➕
TOWNSEND, Alan James appointed
director

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

43/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondary12+ year tenure: Director in role 14 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: SHORTREED, Paul resigned 2026-02-23; SHORTREED, Paul resigned 2026-02-23

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Neil Dax Hewitt Individual · British · DOB 07/1972 · age 54	—	—	sig. influencesignificant influence	06/04/2016

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 →

Similar companies

Active · Manufacturing · LS postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CRICKET COACHING MATS LIMITED→ 05788578 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
CRS COMMUNICATIONS LIMITED→ 06455449 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
CS MACHINERY SERVICES LTD→ 15402312 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
CTCI LIMITED→ 08740141 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
CUTTS MOTOR SERVICES LIMITED→ 07445255 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
D H AUTO ELECTRICAL AND CCTV LIMITED→ 07869970 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
D.E. ELECTRICAL (OF LEEDS) LIMITED→ 08024608 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
DARCEL VENTURES LIMITED→ 11196638 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
DART PRODUCTS EUROPE LTD.→ 00979390 · est 1970 · no financials extracted	—	—	—	—	55y	—	—
DDJ GRAPHIC MACHINERY LIMITED→ 04279330 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
DDX DENTAL LABORATORY LTD→ 13170113 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
DEANS GARMENT SERVICES LIMITED→ 02985411 · est 1994 · no financials extracted	—	—	—	—	31y	—	—

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

Incorporated2012-02-23

Jurisdictionengland-wales

Primary SIC33120 — Repair of machinery

Registered office

Unit 1a Park Farm Industrial Estate

Westland Road

Leeds

West Yorkshire

LS11 5SE

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-09

Last: 2026-02-23