AIR BALLOON HOLDINGS LTD

💤Zombieactive
10679469 · ltd · incorporated 2017-03-20
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 Mar 2025
Net worth
£23.1k
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Special-situation opportunity
Distressed property with salvageable qualities — special-situations priority.

Opportunity 61/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. 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

5 live charges · oldest 7.5y

45/100
under pressure

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

  • · Oldest live charge is 7.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
61/100Worth 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
55
Some acquirability indicators.
Risk profile
61
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 £23,143
Net assets shrinking
Down £826 YoY
Cash YoY
+584%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£711
↑ 584% YoY
Net Worth
£23k
↓ 3.4% YoY
Current Assets
£120k
↓ 1.9% YoY
Current Liabilities
£0£25k£49k£74k£98k£123kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£645.7k£649.5k
Current assets£120.4k£122.8k
Cash£711£104
Debtors£119.7k£122.7k
Net assets£23.1k£24.0k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-12-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-12-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  5. 2025-12-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2025-12-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-12-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-12-01
    SELLERS, Jonathan Noel resigned
    secretary
  9. 2025-07-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2025-07-22
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2025-06-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2025-06-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2025-06-06
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  14. 2025-05-28
    SELLERS, Jonathan Noel appointed
    secretary
  15. 2025-05-28
    SELLERS, Jonathan Noel resigned
    director
  16. 2025-01-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  17. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2024-12-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2024-12-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2024-12-04
    SELLERS, Emma Elizabeth resigned
    director
  21. 2024-07-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2024-07-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2024-07-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2024-07-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  25. 2024-07-03
    SELLERS, Jonathan Noel appointed
    director
  26. 2023-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  27. 2022-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  28. 2018-12-21
    🔒
    Charge registered #5
    Lender: Onesavings Bank PLC
  29. 2018-12-21
    🔒
    Charge registered #4
    Lender: Onesavings Bank PLC
  30. 2018-12-21
    🔒
    Charge registered #3
    Lender: Onesavings Bank PLC
  31. 2018-12-21
    🔒
    Charge registered #2
    Lender: Onesavings Bank PLC
  32. 2018-12-21
    🔒
    Charge registered #1
    Lender: Onesavings Bank PLC
  33. 2017-03-20
    🏢
    Company incorporated
    As AIR BALLOON HOLDINGS LTD
  34. 2017-03-20
    SELLERS, Stephen Robert appointed
    director
  35. 2017-03-20
    SELLERS, Emma Elizabeth appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 2 low
Confirmation statement overdue
high

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

Evidence: Next due: 2026-05-19

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Air Balloon Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Air Balloon Group Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
AIR BALLOON HOLDINGS LTD
This company · 10679469

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Stephen Robert Sellers
Individual · British · DOB 07/1973 · age 53
75100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest01/04/2024
Air Balloon Group Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control03/05/2017
2 historic (ceased) PSCs
  • Mr Jonathan Noel Sellersceased 01/12/2025· significant influence
  • Mrs Emma Elizabeth Sellersceased 03/05/2017· 25-50% shares · 25-50% 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
Incorporated2017-03-20
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

Units 1-4 Woodend Business Park
Stoke Lacy
Bromyard
HR7 4HQ
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-19OVERDUE
Last: 2025-05-05

Officers (1 active · 3 resigned)

SELLERS, Stephen Robert
director · ~53y · appointed 2017-03-20
View their other companies + combined net worth →
Active
SELLERS, Jonathan Noel
secretary · appointed 2025-05-28 · resigned 2025-12-01
Resigned
SELLERS, Emma Elizabeth
director · ~49y · appointed 2017-03-20 · resigned 2024-12-04
Resigned
SELLERS, Jonathan Noel
director · ~82y · appointed 2024-07-03 · resigned 2025-05-28
Resigned

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

Mortgages & charges

5
Total charges
5
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Onesavings Bank
Onesavings Bank PLC
A registered charge1 property21/12/2018
outstanding
Onesavings Bank
Onesavings Bank PLC
A registered charge1 property21/12/2018
outstanding
Onesavings Bank
Onesavings Bank PLC
A registered charge1 property21/12/2018
outstanding
Onesavings Bank
Onesavings Bank PLC
A registered charge1 property21/12/2018
outstanding
Onesavings Bank
Onesavings Bank PLC
A registered charge1 property21/12/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
change-person-director-company-with-change-date
officers · CH01
2025-12-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-12-17
termination-secretary-company-with-name-termination-date
officers · TM02
2025-12-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-09
gazette-filings-brought-up-to-date
gazette · DISS40
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-28
gazette-notice-compulsory
gazette · GAZ1
2025-07-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-06
termination-director-company-with-name-termination-date
officers · TM01
2025-06-06
appoint-person-secretary-company-with-name-date
officers · AP03
2025-06-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23