COOLER AIR SERVICES LIMITED
- · Oldest live charge 38.9y old — refinance window within 12 months
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 38.9y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 38.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £1.25M | £1.25M |
| Current assets | £590.9k | £704.7k |
| Net assets | £1.24M | £1.24M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (26 events)Click to expand
- 2025-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-03-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-03-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-03-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-04-12📄change-person-director-company-with-change-dateofficers · CH01
- 2016-04-12📄change-person-secretary-company-with-change-dateofficers · CH03
- 2016-02-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-04-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2001-11-01➕SAVOURY, Daniel Howard appointedsecretary
- 2001-10-31➖SAVOURY, Eve resignedsecretary
- 2001-10-31➖SAVOURY, Eve resigneddirector
- 2001-10-31➖SAVOURY, Frank Howard resigneddirector
- 1997-06-16➕SAVOURY, Daniel Howard appointeddirector
- 1995-11-24🔓Charge satisfied #1
- 1995-11-03🔒Charge registered #4Lender: Clydesdale Bank Public Limited Company
- 1995-09-27🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1994-02-08🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1987-06-11🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1982-10-25🏢Company incorporatedAs COOLER AIR SERVICES LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 43 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
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gavin Miles Savoury Individual · British · DOB 11/1963 · age 63 | 25–50% | — | 25-50% shares | 28/02/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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 (3 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 03/11/1995 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 27/09/1995 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 08/02/1994 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 11/06/1987 | 24/11/1995 |