CULSALMOND AIR LIMITED
🌳Matureactive
SC491496 · ltd · incorporated 2014-11-18
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£2.03M
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. 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: strategic trade sale (63/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 10.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
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
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £2,030,713
Net assets shrinking
Down £15,592 YoY
Cash draining
Cash down 66% YoY
Cash YoY
-66%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£890k
↓ 66% YoY
Net Worth
£2.0m
~ YoY
Current Assets
£1.4m
↓ 53% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £7.96M | £9.87M |
| Current assets | £1.43M | £3.04M |
| Cash | £890.0k | £2.65M |
| Debtors | £535.9k | £390.8k |
| Net assets | £2.03M | £2.05M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
0
filings
Last 90 days
2
filings
- • 1 persons-with-significant-control
- • 1 officers
Last 180 days
4
filings
- • 2 officers
- • 1 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-02-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-01-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-19➖BURNETT, Callum resigneddirector
- 2025-11-13📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2025-09-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-03📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2024-05-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-02-29📄memorandum-articlesincorporation · MA
- 2024-02-26📄resolutionresolution · RESOLUTIONS
- 2023-10-23📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-26📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2021-05-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-10-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-04-15🔒Charge registered #5Lender: Close Leasing Limited
- 2016-03-10🔒Charge registered #4Lender: Close Leasing Limited
- 2016-03-07🔒Charge registered #3Lender: Close Leasing Limited Its Successors in Title, Permitted Assignees and Permitted Transferees
- 2016-03-07🔒Charge registered #2Lender: Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees
- 2016-03-07🔒Charge registered #1Lender: Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees.
- 2015-11-24➕BURNETT & REID LLP appointedcorporate-secretary
- 2014-11-18🏢Company incorporatedAs CULSALMOND AIR LIMITED
- 2014-11-18➕BURNETT, Jamie Fraser appointeddirector
- 2014-11-18➕DOUGHERTY, Catriona Mary appointeddirector
- 2014-11-18➕BURNETT, Callum appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
41/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Close Leasing Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Close Leasing Limited
Corporate parent · holds 75-100% shares
⬇
CULSALMOND AIR LIMITED
This company · SC491496
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Close Leasing Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
Ms Catriona Mary Dougherty Individual · British · DOB 08/1972 · age 54 | — | — | sig. influencesignificant influence | 06/04/2016 |
Mr Jamie Fraser Burnett Individual · British · DOB 11/1977 · age 49 | — | — | 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
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|---|---|---|---|---|---|---|---|
| JANERIC LTD→ SC516510 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| KAMYA CONSULTING LIMITED→ SC269646 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| KEMPSTONE HILL WIND ENERGY LIMITED→ SC387256 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| KILMARNOCK ENERGY CENTRE LIMITED→ SC766862 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KINMUCK ENERGY LIMITED→ SC680082 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| KPH GRAB HIRE LTD→ SC740795 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| LOGIE RENEWABLES LIMITED→ SC483386 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| MACWATER LTD→ SC608281 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ME1 SOLAR LTD→ SC787885 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MELROSE WIND LIMITED→ SC510251 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| MGM UTILITY BROKER LTD→ SC881153 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| MUIRDEN 1 LIMITED→ SC372838 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
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
Incorporated2014-11-18
Jurisdictionscotland
Primary SIC35110 — SIC 35110
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: 2026-11-27
Last: 2025-11-13
Officers (3 active · 1 resigned)
BURNETT & REID LLP→
Activecorporate-secretary · appointed 2015-11-24
View their other companies + combined net worth →
BURNETT, Jamie Fraser→
Activedirector · ~49y · appointed 2014-11-18
View their other companies + combined net worth →
DOUGHERTY, Catriona Mary→
Activedirector · ~54y · appointed 2014-11-18
View their other companies + combined net worth →
BURNETT, Callum→
Resigneddirector · ~78y · appointed 2014-11-18 · resigned 2026-01-19
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
4
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Leasing Close Leasing Limited | A registered charge | 1 property | 15/04/2016 | — | |
| outstanding | Close Leasing Close Leasing Limited | A registered charge | 1 property | 10/03/2016 | — | |
| outstanding | Close Leasing Its Successors in Title, Permitted Assignees and Permitted Transferees Close Leasing Limited Its Successors in Title, Permitted Assignees and Permitted Transferees | A registered charge | — | 07/03/2016 | — | |
| outstanding | Close Leasing and Its Successors in Title, Permitted Assignees and Permitted Transferees Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees | A registered charge | — | 07/03/2016 | — | |
| outstanding | Close Leasing and Its Successors in Title, Permitted Assignees and Permitted Transferees. Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees. | A registered charge | — | 07/03/2016 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (42 total)
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-03
termination-director-company-with-name-termination-date
officers · TM01
2026-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-17
change-corporate-secretary-company-with-change-date
officers · CH04
2025-11-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-19
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
2024-05-03
memorandum-articles
incorporation · MA
2024-02-29
resolution
resolution · RESOLUTIONS
2024-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-20
change-person-director-company-with-change-date
officers · CH01
2023-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30