CALEDONIAN AIRCRAFT SPARES LIMITED

💤Zombieactive
SC139284 · ltd · incorporated 1992-07-13
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 46140
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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
7 officers (1 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees1100

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-24
    ➖
    ELLCOME, Sue, Ms. resigned
    secretary
  4. 2024-07-24
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2023-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-07-20
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  13. 2016-12-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-12-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-07-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-08-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2009-03-09
    ➖
    CORMACK, George resigned
    director
  18. 2009-03-08
    ➕
    ELLCOME, Susan Elizabeth Harby, Ms. appointed
    director
  19. 1997-03-31
    ➕
    ELLCOME, Sue, Ms. appointed
    secretary
  20. 1996-07-01
    ➖
    YOUNG, Iain Reid resigned
    secretary
  21. 1996-07-01
    ➖
    YOUNG, Iain Reid resigned
    director
  22. 1992-07-13
    🏢
    Company incorporated
    As CALEDONIAN AIRCRAFT SPARES LIMITED
  23. 1992-07-13
    ➕
    REID, Brian appointed
    nominee-secretary
  24. 1992-07-13
    ➖
    REID, Brian resigned
    nominee-secretary
  25. 1992-07-13
    ➕
    YOUNG, Iain Reid appointed
    secretary
  26. 1992-07-13
    ➕
    CORMACK, George appointed
    director
  27. 1992-07-13
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  28. 1992-07-13
    ➖
    MABBOTT, Stephen resigned
    nominee-director
  29. 1992-07-13
    ➕
    YOUNG, Iain Reid appointed
    director

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

98/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 34 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms. Susan Elizabeth Harby Ellcome
Individual · British · DOB 11/1956 · age 70
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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CENTRAL PRODUCE LTD→
SC349420 · est 2008
———160017y8361y
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——£422.8k—26y8363y
ANGUS BRAIDWOOD & SON LIMITED→
SC114086 · est 1988
——£1.62M—37y8281y
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——£114.1k—28y8258y
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——£16.0k—25y8275y
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——£1.9k—49y8279y
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——£2.54M—26y8161y
RW AGENCIES LIMITED→
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STITCHFORGE SUPPLY LTD→
SC868613 · est 2025 · no financials extracted
———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1992-07-13
Jurisdictionscotland
Primary SIC46140 — SIC 46140

Registered office

The A9 Partnership Limited
Chartered Accountants 57/59 High Street
Dunblane
Perthshire
FK15 0EE

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-17
Last: 2025-07-03

Officers (1 active · 6 resigned)

ELLCOME, Susan Elizabeth Harby, Ms.→
director · ~70y · appointed 2009-03-08
View their other companies + combined net worth →
Active
ELLCOME, Sue, Ms.→
secretary · appointed 1997-03-31 · resigned 2024-07-24
Resigned
REID, Brian→
nominee-secretary · appointed 1992-07-13 · resigned 1992-07-13
Resigned
YOUNG, Iain Reid→
secretary · appointed 1992-07-13 · resigned 1996-07-01
Resigned
CORMACK, George→
director · ~79y · appointed 1992-07-13 · resigned 2009-03-09
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1992-07-13 · resigned 1992-07-13
Resigned
YOUNG, Iain Reid→
director · ~83y · appointed 1992-07-13 · resigned 1996-07-01
Resigned

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

Recent filings (89 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
termination-secretary-company-with-name-termination-date
officers · TM02
2024-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-15