ANGEL & LOCKHART (AVIATION) LTD

🌿Early-stageactive
14968327 · ltd · incorporated 2023-06-28
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 Jun 2024
Net worth
book net assets
Opportunity
66/100
Strong
🔔
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

Data confidence

Overall: medium (75/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-06-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-06-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-03-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-06-20
    BROOKER, Simon Warren resigned
    director
  4. 2024-06-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-06-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-06-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-06-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-06-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-10-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-09-29
    BROOKER, Simon Warren appointed
    director
  12. 2023-06-28
    🏢
    Company incorporated
    As ANGEL & LOCKHART (AVIATION) LTD
  13. 2023-06-28
    BELL, Tim appointed
    director
  14. 2023-06-28
    DAVIS, Barry Joseph appointed
    director
  15. 2023-06-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Young company: Only 2.9 years old — management layer unlikely to be developed.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Barry Joseph Davis
Individual · British · DOB 01/1965 · age 61
2550%
25–50%25-50% shares · 25-50% voting28/06/2023
Mr Tim Bell
Individual · British · DOB 10/1964 · age 62
2550%
25–50%25-50% shares · 25-50% voting28/06/2023

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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2023-06-28
Jurisdictionengland-wales
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

79 Swallow Drive
Lymington
Hampshire
SO41 0XG
England

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-07-11
Last: 2025-06-27

Officers (2 active · 1 resigned)

BELL, Tim
director · ~62y · appointed 2023-06-28
View their other companies + combined net worth →
Active
DAVIS, Barry Joseph
director · ~61y · appointed 2023-06-28
View their other companies + combined net worth →
Active
BROOKER, Simon Warren
director · ~67y · appointed 2023-09-29 · resigned 2024-06-20
Resigned

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

Recent filings (12 total)

gazette-notice-compulsory
gazette · GAZ1
2026-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-11
accounts-with-accounts-type-dormant
accounts · AA
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-20
change-person-director-company-with-change-date
officers · CH01
2024-06-20
change-person-director-company-with-change-date
officers · CH01
2024-06-20
termination-director-company-with-name-termination-date
officers · TM01
2024-06-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-20
appoint-person-director-company-with-name-date
officers · AP01
2023-10-02
incorporation-company
incorporation · NEWINC
2023-06-28