TURNER AVIATION LIMITED
🌳Matureactive
SC044355 · ltd · incorporated 1967-03-02
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 33160
Sector: Manufacturing
Investor take
PursueStrong opportunity: conservative operator with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (85/100).
🏦
Refinance opportunity
7 live charges · 7 lenders · oldest 58.0y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 58.0 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: medium (72/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
23 officers (2 active, 23 linked, 19 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
149 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £5,632,463
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 |
|---|---|
| Profit before tax | £5.63M |
| Average employees | 54 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
7
filings
- • 5 officers
- • 2 mortgage
Last 90 days
7
filings
- • 5 officers
- • 2 mortgage
Last 180 days
8
filings
- • 5 officers
- • 2 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (72 events)Click to expand
- 2026-05-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-05-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-05-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-08🔓Charge satisfied #15
- 2026-05-06➕COHN, Adam Robert Milton appointeddirector
- 2026-05-06➕CUOMO, John Anthony appointeddirector
- 2026-05-06➖CUOMO, John Anthony resigneddirector
- 2026-05-06➖MACINTOSH, Kathleen resigneddirector
- 2026-05-06➖MAST, David resigneddirector
- 2026-05-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-05🔓Charge satisfied #14
- 2025-12-23📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-09📄resolutionresolution · RESOLUTIONS
- 2025-09-09📄memorandum-articlesincorporation · MA
- 2025-09-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-05🔒Charge registered #15Lender: Churchill Agengy Services Llc
- 2025-09-05🔒Charge registered #14Lender: Churchill Agency Services Llc as Administrative Agent, Collateral Agent, and Security Agent
- 2025-08-26📄memorandum-articlesincorporation · MA
- 2025-08-26📄resolutionresolution · RESOLUTIONS
- 2025-08-22➖PAGE, Scott resigneddirector
- 2025-08-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-07-23📄statement-of-companys-objectschange-of-constitution · CC04
- 2025-07-23📄memorandum-articlesincorporation · MA
- 2025-07-23📄resolutionresolution · RESOLUTIONS
- 2025-07-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-21📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2025-07-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-09➕FARLEY, Peter appointeddirector
- 2025-07-09➖CARMICHAEL, Alan Gordon resignedsecretary
- 2025-07-09➖CAMPBELL, Craig resigneddirector
- 2025-07-09➕MACINTOSH, Kathleen appointeddirector
- 2025-07-09➕MAST, David appointeddirector
- 2025-07-09➖MUIRHEAD, Douglas Henry resigneddirector
- 2025-07-09➕PAGE, Scott appointeddirector
- 2025-07-09➖TURNER, Alan Gerard resigneddirector
- 2023-05-31➕CAMPBELL, Craig appointeddirector
- 2023-05-31➖KNOX, Graham Bruce resigneddirector
- 2017-10-26➕CARMICHAEL, Alan Gordon appointedsecretary
- 2017-10-26➖PARRACK, Ian resignedsecretary
- 2014-01-01➕PARRACK, Ian appointedsecretary
- 2014-01-01➖SHARP, William Stuart resignedsecretary
- 2014-01-01➕KNOX, Graham Bruce appointeddirector
- 2014-01-01➖TURNER, Alexander Gordon resigneddirector
Showing most recent 50 of 72 events
Owner dependency
66/100
High — earn-out structure requiredMaterial 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 59 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med · 1 low8 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CARMICHAEL, Alan Gordon resigned 2025-07-09; CAMPBELL, Craig resigned 2025-07-09; CUOMO, John Anthony resigned 2026-05-06
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Pag Uk Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Pag Uk Holdings Ltd
Corporate parent · holds 75-100% shares · board control
⬇
TURNER AVIATION LIMITED
This company · SC044355
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 |
|---|---|---|---|---|
Pag Uk Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 09/07/2025 |
1 historic (ceased) PSC
- Turner & Co (Glasgow) Ltdceased 09/07/2025· 75-100% shares
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 →Similar companies
Active · Manufacturing · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| TREEGREEN LIMITED→ SC333763 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| TREND SPORTS LTD→ SC856880 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TRI GROUP LIMITED→ SC102050 · est 1986 · no financials extracted | — | — | — | — | 39y | — | — |
| TRT COOLING LTD→ SC628216 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| TRU 2 LEVEL LTD→ SC751114 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| TUAL TECHNOLOGY LTD→ SC767622 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| TUMBLEVISION GAMES LTD→ SC853272 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TUNEUP LTD→ SC693598 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| TURUK OIL AND GAS DEVELOPMENT CO LTD→ SC613976 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| U.K. SECURITY SYSTEMS LTD.→ SC261431 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| UK MEZZANINE SYSTEMS LIMITED→ SC575759 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| UK OBERTONG HEALTHCARE LTD.→ SC567361 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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
Incorporated1967-03-02
Jurisdictionscotland
Primary SIC33160 — SIC 33160
Registered office
Units 1-6 Block 5 Thornliebank Industrial Estate
Spiersbridge Terrace
Glasgow
G46 8JQ
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13
Officers (2 active · 21 resigned)
COHN, Adam Robert Milton→
Activedirector · ~40y · appointed 2026-05-06
View their other companies + combined net worth →
FARLEY, Peter→
Activedirector · ~59y · appointed 2025-07-09
View their other companies + combined net worth →
CARMICHAEL, Alan Gordon→
Resignedsecretary · appointed 2017-10-26 · resigned 2025-07-09
PARRACK, Ian→
Resignedsecretary · appointed 2014-01-01 · resigned 2017-10-26
RUSSELL, James Dunn→
Resignedsecretary · resigned 1989-11-17
SHARP, William Stuart→
Resignedsecretary · resigned 2014-01-01
BROWN, Ian→
Resigneddirector · ~83y · resigned 2005-07-13
CAMPBELL, Craig→
Resigneddirector · ~54y · appointed 2023-05-31 · resigned 2025-07-09
CUOMO, John Anthony→
Resigneddirector · ~52y · appointed 2026-05-06 · resigned 2026-05-06
DREW, Frederic Shaw→
Resigneddirector · ~100y · resigned 1989-11-17
KNOX, Graham Bruce→
Resigneddirector · ~59y · appointed 2014-01-01 · resigned 2023-05-31
MACDONALD, Brian Duke→
Resigneddirector · ~87y · resigned 1990-10-01
MACINTOSH, Kathleen→
Resigneddirector · ~55y · appointed 2025-07-09 · resigned 2026-05-06
MAST, David→
Resigneddirector · ~57y · appointed 2025-07-09 · resigned 2026-05-06
MORRISON, Robert→
Resigneddirector · ~87y · resigned 1994-03-24
MUIRHEAD, Douglas Henry→
Resigneddirector · ~59y · appointed 1998-07-08 · resigned 2025-07-09
PAGE, Scott→
Resigneddirector · ~50y · appointed 2025-07-09 · resigned 2025-08-22
RUSSELL, James Dunn→
Resigneddirector · ~84y · resigned 2002-07-11
TEDMAN, Ernest Charles→
Resigneddirector · ~87y · resigned 2001-04-15
TURNER, Alan Gerard→
Resigneddirector · ~61y · appointed 2002-07-11 · resigned 2025-07-09
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Churchill Agengy Services Churchill Agengy Services Llc | A registered charge | — | 05/09/2025 | 08/05/2026 | |
| satisfied | Churchill Agency Services as Administrative Agent, Collateral Agent, and Security Agent Churchill Agency Services Llc as Administrative Agent, Collateral Agent, and Security Agent | A registered charge | 1 property | 05/09/2025 | 05/05/2026 | |
| satisfied | Investors in Industry Investors in Industry PLC | Instrument of charge | 1 property | 26/10/1983 | 11/07/1994 | |
| satisfied | I C F C I C F C LTD | Instrument of charge | 1 property | 31/03/1982 | 11/07/1994 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 28/05/1980 | 25/09/2009 | |
| satisfied | Industrial & Commercial Finance Corpn Industrial & Commercial Finance Corpn LTD | Floating charge | 1 property | 07/11/1975 | 11/07/1994 | |
| satisfied | Lloyds Banking Group National Commercial Bank of Scotland LTD | Bond for cash credit & floating charge | 1 property | 26/04/1968 | 17/01/1992 |
Recent filings (149 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-05-08
termination-director-company-with-name-termination-date
officers · TM01
2026-05-08
termination-director-company-with-name-termination-date
officers · TM01
2026-05-08
appoint-person-director-company-with-name-date
officers · AP01
2026-05-08
appoint-person-director-company-with-name-date
officers · AP01
2026-05-08
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-08
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-05
accounts-with-accounts-type-full
accounts · AA
2025-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-10
resolution
resolution · RESOLUTIONS
2025-09-09
memorandum-articles
incorporation · MA
2025-09-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-09
memorandum-articles
incorporation · MA
2025-08-26
resolution
resolution · RESOLUTIONS
2025-08-26