AIRWAVES FACILITIES MANAGEMENT LIMITED

💤Zombieactive
10696183 · ltd · incorporated 2017-03-29
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 Sept 2024
Net worth
£301.7k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 81100
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 3.8y

20/100
under pressure

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

  • · Charge age ~3.8 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (74/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £301,665

Key financials

1 year extracted from filed iXBRL accounts
Cash
£170k
Net Worth
£302k
Current Assets
£663k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-30
Total assets£636.5k
Current assets£663.2k
Cash£170.1k
Debtors£493.1k
Net assets£301.7k

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-12-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-11-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-11-28
    🔒
    Charge registered #2
    Lender: Metro Bank PLC
  4. 2025-08-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-08-27
    🔓
    Charge satisfied #1
  6. 2025-08-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-08-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2025-05-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2025-05-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2025-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-12-16
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  12. 2023-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-10-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2022-10-04
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  15. 2022-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-03-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2022-02-16
    📄
    capital-allotment-shares
    capital · SH01
  18. 2022-02-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2022-02-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2022-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2021-12-31
    BIGGERS, Annette Louise resigned
    director
  22. 2021-03-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  23. 2017-03-29
    🏢
    Company incorporated
    As AIRWAVES FACILITIES MANAGEMENT LIMITED
  24. 2017-03-29
    POVEY, Daniel Stewart Lee appointed
    director
  25. 2017-03-29
    BIGGERS, Annette Louise 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Airwaves Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Airwaves Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
AIRWAVES FACILITIES MANAGEMENT LIMITED
This company · 10696183

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Airwaves Group Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/05/2025
4 historic (ceased) PSCs
  • Ms Annette Louise Biggersceased 07/02/2022· 25-50% shares
  • Annette Louise Biggersceased 20/04/2019· 25-50% shares
  • Mr Daniel Stewart Lee Poveyceased 01/05/2025· 75-100% shares · 75-100% voting · board control
  • Ms Annette Louise Biggersceased 29/03/2017· 75-100% shares · 75-100% voting · board control · significant influence · trust interest · 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2017-03-29
Jurisdictionengland-wales
Primary SIC81100 — SIC 81100

Registered office

Home Farm The Woodyard (Unit 1)
Meriden Road
Berkswell
Coventry
CV7 7SL
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-05-09
Last: 2026-04-25

Officers (1 active · 1 resigned)

POVEY, Daniel Stewart Lee
director · ~39y · appointed 2017-03-29
View their other companies + combined net worth →
Active
BIGGERS, Annette Louise
director · ~40y · appointed 2017-03-29 · resigned 2021-12-31
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
Metro Bank
Metro Bank PLC
A registered charge1 property28/11/2025
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property04/10/202227/08/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (42 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-13
change-person-director-company-with-change-date
officers · CH01
2025-12-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-08-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-02
change-person-director-company-with-change-date
officers · CH01
2025-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-21
change-account-reference-date-company-previous-extended
accounts · AA01
2024-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-04