ESEL AIRWAYS LIMITED

⚰️Wound downdissolved
SC388561 · ltd · incorporated 2010-11-10
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
61/100
Worth a look
🔔
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Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 70/100. Strong seller-intent signal (78/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: low (48/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, no SIC, incorporation date
80
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
7 connected companies via shared directors
66
Filing history
4 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth 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
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
80
Good data coverage for analysis.

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 (8 events)Click to expand
  1. 2011-08-26
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2011-08-26
    🏁
    Company dissolved
  3. 2011-05-06
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2011-04-14
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2010-11-10
    🏢
    Company incorporated
    As ESEL AIRWAYS LIMITED
  6. 2010-11-10
    FREMPONG-MANSO, Amakye appointed
    director
  7. 2010-11-10
    JENKINS, Grant Cameron appointed
    director
  8. 2010-11-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 76 — succession pressure is live.
  • +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

89/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 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

1 high ·
Company dissolved
high

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

Evidence: Dissolved on 2011-08-26

🔒Co-director network graph

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🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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Company details

Statusdissolved
Typeltd
Incorporated2010-11-10
Jurisdictionscotland
Primary SIC

Registered office

Strand Building Mitchelston Drive
Mitchelston Industrial Estate
Kirkcaldy
Fife
KY1 3LY
Scotland

Filing status

Accounts
Next due:
Last made up to:
Confirmation statement
Next due:
Last:

Officers (0 active · 0 resigned)

FREMPONG-MANSO, Amakye
director · ~76y · appointed 2010-11-10
View their other companies + combined net worth →
Active
JENKINS, Grant Cameron
director · ~59y · appointed 2010-11-10
View their other companies + combined net worth →
Active

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

Recent filings (4 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-08-26
gazette-notice-voluntary
gazette · GAZ1(A)
2011-05-06
dissolution-application-strike-off-company
dissolution · DS01
2011-04-14
incorporation-company
incorporation · NEWINC
2010-11-10