PRESTWICK AIRPORT LIMITED

🌳Matureactive
SC135365 · ltd · incorporated 1991-12-03
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

11 live charges · 5 lenders · oldest 34.1y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 34.1 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
46 officers (2 active, 46 linked, 37 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
219 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (126 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-03-31
    ➖
    MERRILL, Juan Caine resigned
    director
  4. 2025-03-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-03-12
    ➕
    BECKWITH, Sheena Marion appointed
    director
  6. 2024-11-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2023-11-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2022-11-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2021-12-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2021-12-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-12-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2021-12-14
    ➕
    MERRILL, Juan Caine appointed
    director
  13. 2021-08-26
    ➖
    ADAMS, Stewart Andrew resigned
    director
  14. 2021-08-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-01-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2019-12-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2018-12-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2018-04-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2018-04-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2018-04-09
    ➕
    FORGIE, Ian Mackay appointed
    director
  21. 2018-04-03
    ➖
    BANKS, Derek William resigned
    director
  22. 2017-12-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2017-11-01
    ➕
    ADAMS, Stewart Andrew appointed
    director
  24. 2017-10-31
    ➖
    SMITH, Ronald Trotter resigned
    director
  25. 2017-09-01
    ➕
    BANKS, Derek William appointed
    director
  26. 2017-09-01
    ➖
    MILLER, Andrew Baxter resigned
    director
  27. 2016-06-30
    ➖
    JENNER, Richard Winston resigned
    director
  28. 2016-05-30
    ➕
    SMITH, Ronald Trotter appointed
    director
  29. 2015-12-18
    ➕
    JENNER, Richard Winston appointed
    director
  30. 2015-12-18
    ➖
    MCLEOD, Grant Harrison resigned
    director
  31. 2015-09-29
    ➖
    COCHRANE, Iain William resigned
    director
  32. 2015-09-29
    ➕
    MILLER, Andrew Baxter appointed
    director
  33. 2015-08-27
    ➖
    SWEENIE, Andrew Graeme resigned
    director
  34. 2015-04-09
    🔒
    Charge registered #13
    Lender: The Scottish Ministers
  35. 2015-02-05
    🔒
    Charge registered #12
    Lender: The Scottish Ministers
  36. 2014-08-26
    ➖
    MCLEOD, Grant Harrison resigned
    secretary
  37. 2014-08-26
    ➕
    MCLEOD, Grant Harrison appointed
    director
  38. 2014-08-26
    ➕
    SWEENIE, Andrew Graeme appointed
    director
  39. 2014-06-30
    ➖
    WILSON, Thomas Mackenzie resigned
    director
  40. 2013-11-22
    ➖
    FITZGERALD, Steven resigned
    director
  41. 2013-11-22
    ➖
    WALKER, Philip James resigned
    director
  42. 2013-11-21
    🔓
    Charge satisfied #1
  43. 2013-11-21
    🔓
    Charge satisfied #3
  44. 2013-10-14
    ➖
    NEWMAN, David Arthur Ross resigned
    director
  45. 2012-02-10
    ➖
    MORRISON, Hugh Richmond Lloyd resigned
    director
  46. 2011-04-15
    ➖
    RIDLEY-SMITH, Paul resigned
    director
  47. 2011-04-01
    ➕
    WILSON, Thomas Mackenzie appointed
    director
  48. 2010-05-06
    ➖
    CHANDLER, Christopher James resigned
    secretary
  49. 2010-05-06
    ➕
    MCLEOD, Grant Harrison appointed
    secretary
  50. 2009-11-01
    ➖
    RODWELL, Mark Andrew resigned
    director
Showing most recent 50 of 126 events

Owner dependency

66/100
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.

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 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Scottish Government
Individual
75–100%
—75-100% shares06/04/2016

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

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
Incorporated1991-12-03
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Glasgow Prestwick Airport
Aviation House
Prestwick
Ayrshire
KA9 2PL

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30

Officers (2 active · 44 resigned)

BECKWITH, Sheena Marion→
director · ~61y · appointed 2025-03-12
View their other companies + combined net worth →
Active
FORGIE, Ian Mackay→
director · ~62y · appointed 2018-04-09
View their other companies + combined net worth →
Active
BECKWITH, Sheena Marion→
secretary · appointed 1998-04-29 · resigned 2002-04-10
Resigned
CHANDLER, Christopher James→
secretary · appointed 2007-06-04 · resigned 2010-05-06
Resigned
JOHNSTON, John Michael→
secretary · appointed 1997-06-23 · resigned 1998-04-29
Resigned
MCLEOD, Grant Harrison→
secretary · appointed 2010-05-06 · resigned 2014-08-26
Resigned
REID, Douglas John→
secretary · appointed 1996-10-01 · resigned 1997-06-23
Resigned
SWEENIE, Andrew Graeme→
secretary · appointed 2006-07-01 · resigned 2007-06-04
Resigned
WHITE, Joyce Helen→
secretary · appointed 2002-04-10 · resigned 2006-07-01
Resigned
LYCIDAS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1991-12-03 · resigned 1996-10-01
Resigned
ADAMS, Stewart Andrew→
director · ~66y · appointed 2017-11-01 · resigned 2021-08-26
Resigned
BAILLIE, John→
director · ~75y · appointed 2001-01-20 · resigned 2003-12-12
Resigned
BAKER, Kevin Maxwell→
director · ~66y · appointed 2006-09-14 · resigned 2007-11-30
Resigned
BANKS, Derek William→
director · ~60y · appointed 2017-09-01 · resigned 2018-04-03
Resigned
BARR, William James→
director · ~87y · appointed 2005-12-16 · resigned 2009-04-01
Resigned
BECKWITH, Sheena Marion→
director · ~61y · appointed 1999-06-18 · resigned 2002-04-10
Resigned
COCHRANE, Iain William→
director · ~63y · appointed 2009-10-01 · resigned 2015-09-29
Resigned
COCHRANE, Iain William→
director · ~63y · appointed 2001-11-21 · resigned 2005-12-15
Resigned
COCHRANE, Keith Robertson→
director · ~61y · appointed 1998-09-25 · resigned 2001-01-20
Resigned
DAVIES, Clive Bartlett→
director · ~68y · appointed 2001-01-20 · resigned 2003-12-12
Resigned

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

Mortgages & charges

11
Total charges
3
Outstanding
2
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
The Scottish Ministers
A registered charge1 property09/04/2015—
outstanding
The Scottish Ministers
A registered charge—05/02/2015—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property25/01/200106/04/2005
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property20/01/200106/04/2005
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property31/08/199502/02/2000
outstanding
Railtrack
Railtrack PLC
Standard security1 property22/12/1994—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property14/12/199424/01/2000
satisfied
The Strathclyde Regional Council
Standard security1 property30/07/199218/04/1997
satisfied
British Aerospace Public Company
British Aerospace Public Limited Company
Standard security1 property03/04/199211/08/1998
satisfied
British Aerospace Public Company
British Aerospace Public Limited Company
Standard security1 property03/04/199221/11/2013
satisfied
British Aerospace Public Company
British Aerospace Public Limited Company
Contingent assignation1 property31/03/199221/11/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (219 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-04
accounts-with-accounts-type-small
accounts · AA
2025-12-18
termination-director-company-with-name-termination-date
officers · TM01
2025-04-14
appoint-person-director-company-with-name-date
officers · AP01
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-small
accounts · AA
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-11
accounts-with-accounts-type-small
accounts · AA
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-29
accounts-with-accounts-type-full
accounts · AA
2022-11-15
accounts-with-accounts-type-full
accounts · AA
2021-12-30
change-person-director-company-with-change-date
officers · CH01
2021-12-22
appoint-person-director-company-with-name-date
officers · AP01
2021-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
termination-director-company-with-name-termination-date
officers · TM01
2021-08-26