AIR SOURCE COVERS LTD
🌿Early-stageactive
14497696 · ltd · incorporated 2022-11-21
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2025
Net worth
£9.0k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
PursueAsset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (78/100)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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £8,990
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£9k
↑ 268% YoY
Current Assets
£9k
↑ 268% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Total assets | £9.0k | £2.4k |
| Current assets | £9.0k | £2.4k |
| Net assets | £9.0k | £2.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 address
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
- 2026-03-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-11-20📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-04-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-21🏢Company incorporatedAs AIR SOURCE COVERS LTD
- 2022-11-21➕CAWTHORNE, Hannah Jayne appointeddirector
- 2022-11-21➕KIRTLAND, Matthew John appointeddirector
- 2022-11-21📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew John Kirtland Individual · British · DOB 01/1992 · age 34 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 21/11/2022 |
Mrs Hannah Jayne Cawthorne Individual · British · DOB 08/1990 · age 36 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 21/11/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Manufacturing · LS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| B.O.M. LIGHT ENGINEERING LIMITED→ 01118477 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
| BA CARPENTRY LTD→ 13541755 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BEAVER LEEDS LTD→ 03760311 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| BELLAWOOD INTERIORS LIMITED→ 16205075 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BETTER BOUNCE LIMITED→ 13527421 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BINYAM SERVICE LTD→ 11386936 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BISSETT PRINTERS LIMITED→ 01096138 · est 1973 · no financials extracted | — | — | — | — | 53y | — | — |
| BLINDS & CO (LEEDS) LTD→ 04773948 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| BNWORKS LEEDS LTD→ 11909024 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BOARD SERVICES LTD→ 06978746 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| BOOKER WELLMAN LIMITED→ 00998765 · est 1971 · no financials extracted | — | — | — | — | 55y | — | — |
| BOX-TICKED LTD→ 14614803 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2022-11-21
Jurisdictionengland-wales
Primary SIC25620 — Machining
Registered office
Radley House Ground Floor
Radley House
Leeds
West Yorkshire
LS28 6LE
United Kingdom
Filing status
Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-12-04
Last: 2025-11-20
Officers (2 active · 0 resigned)
CAWTHORNE, Hannah Jayne→
Activedirector · ~36y · appointed 2022-11-21
View their other companies + combined net worth →
KIRTLAND, Matthew John→
Activedirector · ~34y · appointed 2022-11-21
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (13 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-20
change-person-director-company-with-change-date
officers · CH01
2025-11-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
incorporation-company
incorporation · NEWINC
2022-11-21