PIONEER FLYING COMPANY LIMITED
🌳Matureactive
SC160218 · ltd · incorporated 1995-09-07
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window closing · medium confidence
Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.
- · Hygiene score: 85 → 90
What changed my view
Last 30 days
Picture improved over the last 30 days — 1 positive signal vs 0 negative.
- ↑Hygiene score: 85 → 90
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£24.0k
book net assets
Opportunity
81/100
Exceptional
What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
PursueAsset-holding vehicle with a 82-year-old founder — textbook succession opportunity.
Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (73/100)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
16 officers (8 active, 16 linked, 13 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
11 connected companies via shared directors
78
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £24,035
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£24k
↑ 165% YoY
Current Assets
£22k
↓ 56% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £24.9k | £53.0k |
| Current assets | £21.6k | £48.6k |
| Net assets | £24.0k | £9.1k |
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 (41 events)Click to expand
- 2025-06-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-03➖SHEPHERD, David Robertson resigneddirector
- 2024-06-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-06➕BOSTON, Gillian Carol appointeddirector
- 2023-12-05➕FLIPPENCE, Barry John appointeddirector
- 2023-09-08📄capital-allotment-sharescapital · SH01
- 2023-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-30➕WILSON, William appointeddirector
- 2019-06-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-06-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-02-02➖HANNAH, David John resigneddirector
- 2018-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-25📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2018-01-13📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2017-02-04➕ARMITT, David appointeddirector
- 2017-02-04➕TWEED, Peter appointeddirector
- 2017-02-04➖FALCONER, Michael David resigneddirector
- 2017-02-04➕HANNAH, David John appointeddirector
- 2015-01-17➖TODD, Craig resigneddirector
- 2013-07-01➕FALCONER, Michael David appointeddirector
- 2009-07-01➕WILCOCK, Colin appointedsecretary
- 2009-07-01➕WILCOCK, Colin appointeddirector
- 2009-07-01➖VALENTE, Nicholas Peter resignedsecretary
- 2009-07-01➕TODD, Craig appointeddirector
- 2009-07-01➖VALENTE, Nicholas Peter resigneddirector
- 2008-12-13➖TAYLOR, Richard Andrew resigneddirector
- 1997-10-01➕TAYLOR, Richard Andrew appointeddirector
- 1996-06-10➕SHEPHERD, David Robertson appointeddirector
- 1995-09-07🏢Company incorporatedAs PIONEER FLYING COMPANY LIMITED
- 1995-09-07➕SIBLEY, Nicholas John appointeddirector
- 1995-09-07➕VALENTE, Nicholas Peter appointedsecretary
- 1995-09-07➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1995-09-07➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1995-09-07➕VALENTE, Nicholas Peter appointeddirector
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -7 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 82 — succession pressure is live.
Succession & seller-readiness
80/100
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 82 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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
Active · Leisure & entertainment · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| IBT TRAVEL LIMITED→ SC299214 · est 2006 | £4.59M £3.57M–£5.61M | £12.93M | — | 2400 | 20y | 93 | 58y |
| ARDROSSAN WINTON ROVERS FOOTBALL CLUB LIMITED→ SC139602 · est 1992 · no financials extracted | — | — | — | — | 33y | 83 | 74y |
| L A BOWL (SCOTLAND) LTD.→ SC392300 · est 2011 | — | — | — | — | 15y | 83 | 82y |
| M & M THEATRICAL PRODUCTIONS LTD→ SC235693 · est 2002 | — | — | — | — | 23y | 83 | 62y |
| THE STEAMSHIP SIR WALTER SCOTT TRUST→ SC271149 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 94y |
| WICKED COSTUMES LIMITED→ SC347295 · est 2008 | — | — | £1.61M | — | 17y | 83 | 62y |
| BEITH COMMUNITY DEVELOPMENT TRUST→ SC394148 · est 2011 | — | — | £1.89M | — | 15y | 82 | 74y |
| CLYDE MARINA LIMITED→ SC155326 · est 1995 | — | — | £1.09M | — | 31y | 82 | 82y |
| HIREABAND LIMITED→ SC233093 · est 2002 | — | — | — | 600 | 23y | 82 | 61y |
| MRC FITNESS & LEISURE LIMITED→ SC087814 · est 1984 | — | — | £20.1k | — | 42y | 82 | 69y |
| LOCHRANZA AND CATACOL SEA SOCIETY C.I.C→ SC324636 · est 2007 | — | — | £27.6k | — | 18y | 81 | 83y |
| NETHERTHIRD COMMUNITY DEVELOPMENT GROUP→ SC384419 · est 2010 · no financials extracted | — | — | — | — | 15y | 81 | 67y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1995-09-07
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.
Registered office
131 South Beach
Troon
KA10 6EH
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-21
Last: 2025-09-07
Officers (8 active · 8 resigned)
Active
ARMITT, David→
Activedirector · ~51y · appointed 2017-02-04
View their other companies + combined net worth →
BOSTON, Gillian Carol→
Activedirector · ~56y · appointed 2023-12-06
View their other companies + combined net worth →
FLIPPENCE, Barry John→
Activedirector · ~52y · appointed 2023-12-05
View their other companies + combined net worth →
SIBLEY, Nicholas John→
Activedirector · ~69y · appointed 1995-09-07
View their other companies + combined net worth →
TWEED, Peter→
Activedirector · ~43y · appointed 2017-02-04
View their other companies + combined net worth →
WILCOCK, Colin→
Activedirector · ~82y · appointed 2009-07-01
View their other companies + combined net worth →
WILSON, William→
Activedirector · ~71y · appointed 2019-06-30
View their other companies + combined net worth →
VALENTE, Nicholas Peter→
Resignedsecretary · appointed 1995-09-07 · resigned 2009-07-01
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1995-09-07 · resigned 1995-09-07
FALCONER, Michael David→
Resigneddirector · ~52y · appointed 2013-07-01 · resigned 2017-02-04
HANNAH, David John→
Resigneddirector · ~49y · appointed 2017-02-04 · resigned 2019-02-02
SHEPHERD, David Robertson→
Resigneddirector · ~90y · appointed 1996-06-10 · resigned 2025-05-03
TAYLOR, Richard Andrew→
Resigneddirector · ~58y · appointed 1997-10-01 · resigned 2008-12-13
TODD, Craig→
Resigneddirector · ~47y · appointed 2009-07-01 · resigned 2015-01-17
VALENTE, Nicholas Peter→
Resigneddirector · ~63y · appointed 1995-09-07 · resigned 2009-07-01
Click a director name to see their full track record across all companies.
Recent filings (103 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-18
termination-director-company-with-name-termination-date
officers · TM01
2025-05-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-21
appoint-person-director-company-with-name-date
officers · AP01
2023-12-09
appoint-person-director-company-with-name-date
officers · AP01
2023-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-13
capital-allotment-shares
capital · SH01
2023-09-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-29