AEROWORKS REAL ESTATE LIMITED
Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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: share sale to pe / searcher (73/100).
Refinance opportunity
5 live charges · 3 lenders · oldest 5.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 0 | 0 |
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 mortgage
- • 4 mortgage
- • 3 persons-with-significant-control
- • 4 mortgage
- • 3 persons-with-significant-control
- • 1 officers
Corporate timeline (36 events)Click to expand
- 2026-06-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-06-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-06-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-06-19🔓Charge satisfied #3
- 2026-06-19🔓Charge satisfied #2
- 2026-06-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-06-12🔒Charge registered #5Lender: Handelsbanken PLC
- 2026-06-12🔒Charge registered #4Lender: Handelsbanken PLC
- 2026-04-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2026-04-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-04-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-07➖HALVERSON, Nichola Louise resigneddirector
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-31➖BALL, Gregory Charles resigneddirector
- 2023-07-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-18📄change-person-director-company-with-change-dateofficers · CH01
- 2023-04-14➕PITALIA, Anil Kumar appointeddirector
- 2023-04-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-31➖LATHWOOD, David resigneddirector
- 2023-03-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-28➕HALVERSON, Nichola Louise appointeddirector
- 2023-02-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-13📄resolutionresolution · RESOLUTIONS
- 2022-10-13📄memorandum-articlesincorporation · MA
- 2022-09-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-02🔒Charge registered #3Lender: Santander UK PLC as Security Trustee for Each of Itself and Each Secured Party
- 2022-09-02🔒Charge registered #2Lender: Santander UK PLC as Security Trustee for Each of Itself and Each Secured Party
- 2021-10-28➕BALL, Gregory Charles appointeddirector
- 2021-05-25🔒Charge registered #1Lender: Capitalia Limited
- 2021-04-07🏢Company incorporatedAs AEROWORKS REAL ESTATE LIMITED
- 2021-04-07➕LATHWOOD, David appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Pitalia Real Estate Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Pitalia Real Estate Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/04/2021 |
2 historic (ceased) PSCs
- Pitalia Real Estate Limitedceased 07/04/2021· 75-100% shares · 75-100% voting · board control
- Mr Anil Kumar Pitaliaceased 07/04/2021· 75-100% shares · 75-100% voting · board control
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.
See pricing →Similar companies
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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 →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 (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 12/06/2026 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 12/06/2026 | — | |
| satisfied | Santander Santander UK PLC as Security Trustee for Each of Itself and Each Secured Party | A registered charge | 1 property | 02/09/2022 | 19/06/2026 | |
| satisfied | Santander Santander UK PLC as Security Trustee for Each of Itself and Each Secured Party | A registered charge | — | 02/09/2022 | 19/06/2026 | |
| outstanding | Capitalia Capitalia Limited | A registered charge | 1 property | 25/05/2021 | — |