HJS HELICOPTERS LIMITED

⚰️Wound downdissolved
SC240024 · ltd · incorporated 2002-11-22
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2021
Net worth
£-601.3k
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: SIC 51102
Sector: Transportation & storage
ALSO REGISTERED FOR
  • 85590Other education n.e.c.
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 52/100. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

11 live charges · 4 lenders · oldest 21.2y

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 21.2 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (69/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
7 officers (0 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £601,325

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
-£601k
Current Assets
£123k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2021-07-31
Total assets£96.3k
Current assets£122.6k
Net assets£-601.3k

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 (53 events)Click to expand
  1. 2023-02-21
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2023-02-21
    🏁
    Company dissolved
  3. 2022-12-16
    ➖
    SIMPSON, Sydney Graham resigned
    director
  4. 2022-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2022-12-06
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  6. 2022-11-30
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  7. 2022-11-29
    ➕
    SIMPSON, Sydney Graham appointed
    director
  8. 2022-11-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2022-05-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2022-05-17
    ➖
    MICHALUK, Gerald Robert Gilmer resigned
    director
  11. 2022-03-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2022-03-22
    🔓
    Charge satisfied #9
  13. 2022-01-25
    ➕
    MICHALUK, Gerald Robert Gilmer appointed
    director
  14. 2022-01-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2021-09-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2021-09-15
    ➖
    ABERDEIN CONSIDINE & CO resigned
    corporate-secretary
  17. 2021-09-15
    ➖
    SIMPSON, Sydney Graham resigned
    director
  18. 2021-09-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2021-09-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2021-09-14
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  21. 2021-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2021-01-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2020-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2019-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2018-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2017-02-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  27. 2016-12-02
    📄
    legacy
    miscellaneous · RP04CS01
  28. 2012-03-10
    🔓
    Charge satisfied #7
  29. 2012-01-07
    🔓
    Charge satisfied #4
  30. 2012-01-07
    🔓
    Charge satisfied #2
  31. 2011-12-23
    🔓
    Charge satisfied #8
  32. 2011-01-01
    ➕
    MICHALUK, Gerald Robert Gilmer appointed
    director
  33. 2011-01-01
    ➖
    MICHALUK, Gerald Robert Gilmer resigned
    director
  34. 2010-10-22
    🔒
    Charge registered #11
    Lender: Lombard North Central PLC
  35. 2010-09-14
    🔒
    Charge registered #10
    Lender: Lombard North Central PLC
  36. 2010-07-07
    🔒
    Charge registered #9
    Lender: Royal Bank of Scotland PLC
  37. 2010-05-13
    🔒
    Charge registered #8
    Lender: Lombard North Central PLC
  38. 2010-02-17
    🔓
    Charge satisfied #6
  39. 2009-11-10
    🔒
    Charge registered #7
    Lender: Lombard North Central PLC
  40. 2009-05-12
    🔒
    Charge registered #6
    Lender: Lombard North Central PLC
  41. 2008-08-15
    🔓
    Charge satisfied #3
  42. 2008-04-04
    🔒
    Charge registered #5
    Lender: Hitachi Capital (UK) PLC
  43. 2007-09-12
    🔒
    Charge registered #4
    Lender: Lombard North Central PLC
  44. 2006-09-21
    🔒
    Charge registered #3
    Lender: Hitachi Capital (UK) PLC
  45. 2006-06-14
    🔒
    Charge registered #2
    Lender: Lombard North Central PLC
  46. 2005-03-04
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  47. 2002-11-22
    🏢
    Company incorporated
    As HJS HELICOPTERS LIMITED
  48. 2002-11-22
    ➕
    ABERDEIN CONSIDINE & CO appointed
    corporate-secretary
  49. 2002-11-22
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  50. 2002-11-22
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
Showing most recent 50 of 53 events

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100
Moderate signal

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

SIGNALS
  • secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2023-02-21

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Gerald Robert Michaluk
Individual · British · DOB 02/1960 · age 66
50–75%
—50-75% shares16/04/2016
Mr Sydney Graham Simpson
Individual · British · DOB 02/1945 · age 81
——sig. influencesignificant influence14/04/2016

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

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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

Statusdissolved
Typeltd
Incorporated2002-11-22
Jurisdictionscotland
Primary SIC51102 — SIC 51102

Registered office

Aviation House
Lower Baads Anguston Peterculter
Aberdeen
AB14 0PR
United Kingdom

Filing status

Accounts
Next due: —
Last made up to: 2021-07-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 7 resigned)

ABERDEIN CONSIDINE & CO→
corporate-secretary · appointed 2002-11-22 · resigned 2021-09-15
Resigned
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-11-22 · resigned 2002-11-22
Resigned
MICHALUK, Gerald Robert Gilmer→
director · ~66y · appointed 2022-01-25 · resigned 2022-05-17
Resigned
MICHALUK, Gerald Robert Gilmer→
director · ~66y · appointed 2011-01-01 · resigned 2011-01-01
Resigned
SIMPSON, Sydney Graham→
director · ~81y · appointed 2022-11-29 · resigned 2022-12-16
Resigned
SIMPSON, Sydney Graham→
director · ~81y · appointed 2002-11-22 · resigned 2021-09-15
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 2002-11-22 · resigned 2002-11-22
Resigned

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

Mortgages & charges

11
Total charges
4
Outstanding
3
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
Lombard North Central
Lombard North Central PLC
Aircraft mortgage1 property22/10/2010—
outstanding
Lombard North Central
Lombard North Central PLC
Aircraft mortgage/deed of loan and covenant1 property14/09/2010—
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property07/07/201022/03/2022
satisfied
Lombard North Central
Lombard North Central PLC
Aircraft mortgage1 property13/05/201023/12/2011
satisfied
Lombard North Central
Lombard North Central PLC
Aircraft mortgage1 property10/11/200910/03/2012
satisfied
Lombard North Central
Lombard North Central PLC
Aircraft mortgage/deed of loan and covenant supplemental to an aircraft mortgage1 property12/05/200917/02/2010
outstanding
Hitachi Capital (UK)
Hitachi Capital (UK) PLC
Aircraft mortgage1 property04/04/2008—
satisfied
Lombard North Central
Lombard North Central PLC
Aircraft mortgage/deed of loan and covenant1 property12/09/200707/01/2012
satisfied
Hitachi Capital (UK)
Hitachi Capital (UK) PLC
Aircraft mortgage1 property21/09/200615/08/2008
satisfied
Lombard North Central
Lombard North Central PLC
Aircraft mortgage/deed of loan and covenant1 property14/06/200607/01/2012
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property04/03/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2023-02-21
termination-director-company-with-name-termination-date
officers · TM01
2022-12-16
gazette-notice-voluntary
gazette · GAZ1(A)
2022-12-06
dissolution-application-strike-off-company
dissolution · DS01
2022-11-30
appoint-person-director-company-with-name-date
officers · AP01
2022-11-29
termination-director-company-with-name-termination-date
officers · TM01
2022-05-18
mortgage-satisfy-charge-full
mortgage · MR04
2022-03-22
appoint-person-director-company-with-name-date
officers · AP01
2022-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-04
termination-secretary-company-with-name-termination-date
officers · TM02
2021-09-20
termination-director-company-with-name-termination-date
officers · TM01
2021-09-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-14
change-account-reference-date-company-previous-extended
accounts · AA01
2021-09-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-01-04