NORTH DENES AERODROME LIMITED
Opportunity 58/100 (worth a look), bankability 62/100. Strong seller-intent signal (75/100, director aged 61). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
Refinance opportunity
12 live charges · 10 lenders · oldest 41.3y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 41.3 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (49/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (104 events)Click to expand
- 2013-03-19📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2013-03-19🏁Company dissolved
- 2012-12-04📄gazette-notice-voluntarygazette · GAZ1(A)
- 2012-11-20📄dissolution-application-strike-off-companydissolution · DS01
- 2012-10-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-10-04📄dissolution-withdrawal-application-strike-off-companydissolution · DS02
- 2012-09-04📄gazette-notice-voluntarygazette · GAZ1(A)
- 2012-08-24📄dissolution-application-strike-off-companydissolution · DS01
- 2012-05-16📄legacycapital · SH20
- 2012-05-16📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2012-05-16⚠️legacyinsolvency · CAP-SS
- 2012-05-16📄resolutionresolution · RESOLUTIONS
- 2011-12-13📄change-person-director-company-with-change-dateofficers · CH01
- 2011-11-17📄accounts-with-accounts-type-fullaccounts · AA
- 2011-09-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-09-06📄change-person-director-company-with-change-dateofficers · CH01
- 2011-08-02📄change-person-director-company-with-change-dateofficers · CH01
- 2011-03-21📄legacymortgage · MG02
- 2011-03-17🔓Charge satisfied #11
- 2011-01-18📄accounts-with-accounts-type-fullaccounts · AA
- 2010-12-07📄legacymortgage · MG01
- 2010-11-26🔒Charge registered #12Lender: Hsbc Corporate Trustee Company (UK) Limited
- 2010-10-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-01-21📄accounts-with-accounts-type-fullaccounts · AA
- 2009-11-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-11-17📄change-person-director-company-with-change-dateofficers · CH01
- 2009-11-04📄termination-secretary-company-with-nameofficers · TM02
- 2009-11-04📄appoint-person-secretary-company-with-nameofficers · AP03
- 2009-10-26➕HENRIKSEN, Alexia Jena appointedsecretary
- 2009-10-26➖STEWART, David Andrew resignedsecretary
- 2009-10-26➖MULLETT, Keith Woodrow resigneddirector
- 2009-05-01➕STEWART, David Andrew appointeddirector
- 2009-05-01➖DAS, Peter resignedsecretary
- 2009-05-01➕STEWART, David Andrew appointedsecretary
- 2009-05-01➖DAS, Peter resigneddirector
- 2008-12-04🔒Charge registered #11Lender: Hsbc Corporate Trustee Company (UK) Limited as Agent and Trustee for Each of the Secured Parties (the Security Agent)
- 2008-09-19🔓Charge satisfied #10
- 2008-09-19🔓Charge satisfied #9
- 2008-09-19🔓Charge satisfied #8
- 2008-09-19🔓Charge satisfied #7
- 2008-09-19🔓Charge satisfied #6
- 2008-09-19🔓Charge satisfied #4
- 2008-09-19🔓Charge satisfied #3
- 2008-02-22➕DAS, Peter appointedsecretary
- 2008-02-22➖DONALD, Neil Robert Reid resignedsecretary
- 2008-02-22➕DAS, Peter appointeddirector
- 2008-02-22➖DONALD, Neil Robert Reid resigneddirector
- 2006-01-09➕MAIR, Nicholas John appointeddirector
- 2006-01-09➖ADEBAYO, Babajide resigneddirector
- 2005-07-01➖CORBETT, Dennis Mcgillivray resignedsecretary
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 71 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
2 high · 1 med ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2013-03-19
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2012-05-16: legacy
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 27 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Corporate Trustee Company (UK) Limited | Debenture | 1 property | 26/11/2010 | — | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited as Agent and Trustee for Each of the Secured Parties (the Security Agent) | Debenture | 1 property | 04/12/2008 | 17/03/2011 | |
| satisfied | The Bank of Nova Scotia,as Administrative Agent and Security Trustee | Aircraft mortgage (executed on 14TH october 1999) | 1 property | 01/11/1999 | 19/09/2008 | |
| satisfied | The Bank of Nova Scotia | Aicraft mortgage | 1 property | 27/10/1999 | 19/09/2008 | |
| satisfied | The Bank of Nova Scotia | Aircraft mortgage | 1 property | 27/10/1999 | 19/09/2008 | |
| satisfied | The Bank of Nova Scotia(As Administrative Agent and Security Trustee) | Legal charge | 2 properties | 14/10/1999 | 19/09/2008 | |
| satisfied | The Royal Bank of Nova Scotia(As Administrative Agent and Security Trustee) | Demand debenture | 1 property | 14/10/1999 | 19/09/2008 | |
| satisfied | The Bank of Nova Scotia (As Administrative Agent and Security Trustee) | Aircraft mortgage containing fixed charges and assignments | 1 property | 14/10/1999 | 12/11/1999 | |
| satisfied | The Bank of Nova Scotia,as Administrative Agent and Security Trustee | Aircraft mortgage containing fixed charges and assignments | 1 property | 14/10/1999 | 19/09/2008 | |
| satisfied | Bank of Nova Scotia(As Adminstrative Agent and Security Trustee) | General assignment of book debts | 1 property | 14/10/1999 | 19/09/2008 | |
| satisfied | 3I Group 3I Group PLC | Aircraft mortgage | 1 property | 08/12/1994 | 27/02/1998 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Legal charge | 1 property | 25/01/1985 | 17/01/1996 |