AIR SEA SCOTLAND LIMITED
💤Zombieactive
SC099791 · ltd · incorporated 1986-06-27
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 Dec 2024
Net worth
£474.9k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 50200
Sector: Transportation & storage
ALSO REGISTERED FOR
- 50400SIC 50400
- 51210SIC 51210
Investor take
PursueActive trading company with a 72-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (78/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 37.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 37.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
128 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £474,914
Net assets shrinking
Down £213,840 YoY
Cash YoY
+23%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£987k
↑ 23% YoY
Net Worth
£475k
↓ 31% YoY
Current Assets
£1.8m
↑ 30% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £474.9k | £688.8k |
| Current assets | £1.82M | £1.40M |
| Cash | £987.4k | £801.2k |
| Debtors | £833.4k | £594.4k |
| Net assets | £474.9k | £688.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (30 events)Click to expand
- 2025-09-22📄resolutionresolution · RESOLUTIONS
- 2025-08-18📄capital-cancellation-sharescapital · SH06
- 2025-08-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-08-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-07-27📄capital-cancellation-sharescapital · SH06
- 2023-06-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-01-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-13➖MCKISSOCK, Iain Milligan resigneddirector
- 2023-01-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-08-04📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-08-06📄accounts-amended-with-made-up-dateaccounts · AAMD
- 2020-07-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-05-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-03-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-03-19🔓Charge satisfied #5
- 2018-06-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2013-11-25🔒Charge registered #6Lender: Clydesdale Bank PLC
- 2007-10-23🔓Charge satisfied #4
- 2007-10-23🔓Charge satisfied #3
- 2007-10-23🔓Charge satisfied #1
- 2002-10-11➖MACLEAN, Coll Hugh resigneddirector
- 2000-08-02🔒Charge registered #5Lender: Clydesdale Bank Public Limited Company
- 1994-03-08🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 1991-07-12➕MCKISSOCK, Iain Milligan appointeddirector
- 1991-01-14🔒Charge registered #3Lender: Eagle Star Insurance Company Limited
- 1990-06-30➖LYNCH, Kathleen resigneddirector
- 1990-06-30➖MACLEAN, Jay resigneddirector
- 1988-12-14🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1986-06-27🏢Company incorporatedAs AIR SEA SCOTLAND LIMITED
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ian Lynch Individual · British · DOB 09/1954 · age 72 | 75–100% | — | 75-100% shares | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 8 SEATER TRAVEL LTD→ SC766692 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AAI INTERNATIONAL SCOTLAND LIMITED→ SC383141 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ALLMAR MARINE SERVICES LTD.→ SC588982 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ANDO CONTRACTS LTD→ SC626061 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ARBAT HAULPRO LTD→ SC862648 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| B & S TAYLOR LIMITED→ SC269636 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BALMORE STORAGE LTD→ SC850033 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BUTE BERTHING CO LIMITED→ SC142148 · est 1993 · no financials extracted | — | — | — | — | 33y | — | — |
| C & C DOCHERTY TRANSPORT LIMITED→ SC522472 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| CALEDONIAN COACHES LIMITED→ SC374155 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| CAMELTRAIN LTD→ SC436353 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| CAROSS LTD.→ SC262231 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
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
Incorporated1986-06-27
Jurisdictionscotland
Primary SIC50200 — SIC 50200
Registered office
Eagle House 20 Barnwell Street
Glasgow Airport
Paisley
Renfrewshire
PA3 2EE
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-29
Last: 2025-08-15
Officers (2 active · 4 resigned)
Active
Active
LYNCH, Kathleen→
Resigneddirector · resigned 1990-06-30
MACLEAN, Coll Hugh→
Resigneddirector · ~87y · resigned 2002-10-11
MACLEAN, Jay→
Resigneddirector · ~82y · resigned 1990-06-30
MCKISSOCK, Iain Milligan→
Resigneddirector · ~71y · appointed 1991-07-12 · resigned 2023-01-13
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 25/11/2013 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 02/08/2000 | 19/03/2019 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 08/03/1994 | 23/10/2007 | |
| satisfied | Eagle Star Insurance Company Eagle Star Insurance Company Limited | Standard security | 1 property | 14/01/1991 | 23/10/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 14/12/1988 | 23/10/2007 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (128 total)
resolution
resolution · RESOLUTIONS
2025-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-20
capital-cancellation-shares
capital · SH06
2025-08-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-15
capital-cancellation-shares
capital · SH06
2023-07-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-17
termination-director-company-with-name-termination-date
officers · TM01
2023-01-13
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-15
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-13