CULSALMOND AIR HOLDINGS LIMITED

🌳Matureactive

SC478975 · ltd · incorporated 2014-06-02

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 10.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2024

Net worth

£1.6k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Activities of agricultural holding companies

Sector: Financial & insurance

Investor take

Pursue

Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 10.1y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 10.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

13 officers (7 active, 13 linked, 12 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

2 connected companies via shared directors

Filing history

52 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £1,577

Net assets shrinking

Down £938 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£2k

↓ 37% YoY

Current Assets

£2k

↓ 29% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-11-30	2023-11-30
Total assets	£1.6k	£2.5k
Current assets	£2.1k	£3.0k
Net assets	£1.6k	£2.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days

filings

Last 90 days

filings

• 1 persons-with-significant-control
• 1 officers

Last 180 days

filings

• 2 officers
• 1 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (41 events)Click to expand

2026-02-03
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-19
➖
BURNETT, Callum resigned
director
2025-11-12
📄
change-person-director-company-with-change-date
officers · CH01
2025-07-28
📄
memorandum-articles
incorporation · MA
2025-07-28
📄
resolution
resolution · RESOLUTIONS
2025-07-25
📄
capital-allotment-shares
capital · SH01
2025-07-24
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-07-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-07
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2024-05-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-23
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-15
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-06-15
📄
change-person-director-company-with-change-date
officers · CH01
2023-03-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-24
📄
capital-allotment-shares
capital · SH01
2022-03-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-03-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-03-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-01-06
➕
BURNETT, Andrew George appointed
director
2022-01-06
➕
BURNETT, Robert Malcolm appointed
director
2022-01-06
➕
BURNETT, Roberta Beattie Mutch appointed
director
2022-01-06
➕
NABILI, Emma Ruth, Dr appointed
director
2016-03-07
🔒
Charge registered #1
Lender: Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees
2015-12-07
➖
BURNETT, Andrew George resigned
director
2015-12-07
➖
BURNETT, Robert Malcolm resigned
director
2015-12-07
➖
BURNETT, Roberta Beattie Mutch resigned
director
2015-12-07
➖
MCCALLUM, Alasdair Grant resigned
director
2015-12-07
➖
NABILI, Emma Ruth, Dr resigned
director
2014-06-02
🏢
Company incorporated
As CULSALMOND AIR HOLDINGS LIMITED
2014-06-02
➕
BURNETT & REID LLP appointed
corporate-secretary
2014-06-02
➕
BURNETT, Jamie Fraser appointed
director
2014-06-02
➕
DOUGHERTY, Catriona Mary appointed
director
2014-06-02
➕
BURNETT, Andrew George appointed
director
2014-06-02
➕
BURNETT, Callum appointed
director
2014-06-02
➕
BURNETT, Robert Malcolm appointed
director
2014-06-02
➕
BURNETT, Roberta Beattie Mutch appointed
director
2014-06-02
➕
MCCALLUM, Alasdair Grant appointed
director
2014-06-02
➕
NABILI, Emma Ruth, Dr appointed
director

Owner dependency

63/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 78 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

25/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

primaryFamily succession underway: Not a takeover target — BURNETT, Robert Malcolm (same surname) appointed 2022-01-06. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Jamie Fraser Burnett Individual · British · DOB 11/1977 · age 49	—	—	sig. influencesignificant influence	06/04/2016
Ms Catriona Mary Dougherty Individual · British · DOB 08/1972 · age 54	—	—	sig. influencesignificant influence	06/04/2016

1 historic (ceased) PSC

Mr Callum Burnettceased 19/01/2026· significant influence

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

Active · Holding company · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CAMPBELL HOLDCO LIMITED→ SC867866 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CONSTELLATION RESTAURANT GROUP LIMITED→ SC872221 · est 2025 · no financials extracted	—	—	—	—	—	—	—
COWRIE HOLDINGS LIMITED→ SC700069 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
CRAIG GROUP LIMITED→ SC578050 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
CREST GLAZING HOLDINGS LIMITED→ SC813535 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
CYLINDRICAL EXCAVATIONS LIMITED→ SC557782 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
DALORA PROPERTY MANAGEMENT LIMITED→ SC833032 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
DENMORE PARK MANAGEMENT LIMITED→ SC058950 · est 1975 · no financials extracted	—	—	—	—	50y	—	—
DINSMORE INVESTMENT COMPANY LIMITED→ SC651959 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
DIRECTIONAL DRILLING DYNAMICS LIMITED→ SC119569 · est 1989 · no financials extracted	—	—	—	—	36y	—	—
DISTRIBUTOR'S FISHING COMPANY (ABERDEEN) LIMITED→ SC023631 · est 1945 · no financials extracted	—	—	—	—	80y	—	—
DIVEX LIMITED→ SC390704 · est 2010 · no financials extracted	—	—	—	—	15y	—	—

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

Incorporated2014-06-02

Jurisdictionscotland

Primary SIC64201 — Activities of agricultural holding companies

Registered office

Suite A

1 Albyn Place

Aberdeen

AB10 1BR

Scotland

Filing status

Accounts

Next due: 2026-08-31

Last made up to: 2024-11-30

Confirmation statement

Next due: 2026-07-08

Last: 2025-06-24