SOUTHERN AIR CHARTER LIMITED

🌿Early-stageactive
15038438 · ltd · incorporated 2023-07-31
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 Jul 2024
Net worth
£-21.2k
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: SIC 51102
Sector: Transportation & storage
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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
Confirmed no charges registered
85
Directors & officers
5 officers (4 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £21,169

Key financials

1 year extracted from filed iXBRL accounts
Cash
£4k
Net Worth
-£21k
Current Assets
£1.2m
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-07-31
Total assets£-21.2k
Current assets£1.20M
Cash£3.7k
Debtors£1.19M
Net assets£-21.2k

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 (16 events)Click to expand
  1. 2025-05-29
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-16
    📄
    appoint-corporate-director-company-with-name-date
    officers · AP02
  4. 2024-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-12-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2024-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-12-16
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  8. 2024-12-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2024-12-03
    ➕
    SAJ INVESTMENTS LIMITED appointed
    corporate-director
  10. 2024-12-03
    ➖
    ONYX MIDCO LIMITED resigned
    corporate-director
  11. 2023-07-31
    🏢
    Company incorporated
    As SOUTHERN AIR CHARTER LIMITED
  12. 2023-07-31
    ➕
    BAKER, Nicholas Grahame appointed
    director
  13. 2023-07-31
    ➕
    BROWN, Aaron Maurice appointed
    director
  14. 2023-07-31
    ➕
    RIDGE, Darren Michael appointed
    director
  15. 2023-07-31
    ➕
    ONYX MIDCO LIMITED appointed
    corporate-director
  16. 2023-07-31
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Young company: Only 2.8 years old — management layer unlikely to be developed.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.

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

2 corporate shareholders identified. Group structure is distributed.

🏛️
Saj Investments Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Ridown Capital Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
SOUTHERN AIR CHARTER LIMITED
This company · 15038438

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Saj Investments Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting03/12/2024
Ridown Capital Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting31/07/2023
1 historic (ceased) PSC
  • Onyx Midco Limitedceased 03/12/2024· 25-50% shares · 25-50% voting

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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03244314 · est 1996 · no financials extracted
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13740290 · est 2021 · no financials extracted
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ADK REMOVALS & STORAGE LTD→
11242099 · est 2018 · no financials extracted
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AEOLIAN OFFSHORE LTD→
13885384 · est 2022 · no financials extracted
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AFFORDABLE SELF STORAGE LIMITED→
03655903 · est 1998 · no financials extracted
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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
Incorporated2023-07-31
Jurisdictionengland-wales
Primary SIC51102 — SIC 51102

Registered office

Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP
United Kingdom

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-13
Last: 2025-07-30

Officers (4 active · 1 resigned)

BAKER, Nicholas Grahame→
director · ~41y · appointed 2023-07-31
View their other companies + combined net worth →
Active
BROWN, Aaron Maurice→
director · ~44y · appointed 2023-07-31
View their other companies + combined net worth →
Active
RIDGE, Darren Michael→
director · ~64y · appointed 2023-07-31
View their other companies + combined net worth →
Active
SAJ INVESTMENTS LIMITED→
corporate-director · appointed 2024-12-03
View their other companies + combined net worth →
Active
ONYX MIDCO LIMITED→
corporate-director · appointed 2023-07-31 · resigned 2024-12-03
Resigned

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

Recent filings (11 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-05
change-account-reference-date-company-current-extended
accounts · AA01
2025-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
appoint-corporate-director-company-with-name-date
officers · AP02
2024-12-16
termination-director-company-with-name-termination-date
officers · TM01
2024-12-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-12-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-16
change-corporate-director-company-with-change-date
officers · CH02
2024-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-10
incorporation-company
incorporation · NEWINC
2023-07-31