AIRTHRILL (SCOTLAND) LTD

🌿Early-stageactive
SC697761 · ltd · incorporated 2021-05-05
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£1.98M
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -94% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 4.5y

20/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~4.5 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,981,361
Cash draining
Cash down 94% YoY
Cash YoY
-94%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£24k
↓ 94% YoY
Net Worth
£2.0m
↑ 6.3% YoY
Current Assets
£1.7m
↑ 17% YoY
Current Liabilities
£0£396k£793k£1.2m£1.6m£2.0mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£2.69M£2.48M
Current assets£1.69M£1.44M
Cash£23.6k£385.7k
Debtors£1.65M£984.6k
Net assets£1.98M£1.86M

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
2
filings
  • 1 accounts
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-12-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-12-23
    🔓
    Charge satisfied #1
  4. 2025-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-10-02
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  6. 2024-12-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2023-12-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2022-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-08-09
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2021-10-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-10-07
    🔒
    Charge registered #1
    Lender: Santander UK PLC
  12. 2021-09-13
    BARYAH, Narinder Singh appointed
    director
  13. 2021-09-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2021-05-05
    🏢
    Company incorporated
    As AIRTHRILL (SCOTLAND) LTD
  15. 2021-05-05
    FAQIR, Louise appointed
    director
  16. 2021-05-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some 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

36/100
Weak signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

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

Group structure

Wonderworld Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Wonderworld Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
AIRTHRILL (SCOTLAND) LTD
This company · SC697761

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Wonderworld Holdings Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control05/05/2021

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 →

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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.

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Company details

Statusactive
Typeltd
Incorporated2021-05-05
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

Oakfield House 376-378 Brandon Street
Motherwell
ML1 1XA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-18
Last: 2025-05-04

Officers (2 active · 0 resigned)

BARYAH, Narinder Singh
director · ~48y · appointed 2021-09-13
View their other companies + combined net worth →
Active
FAQIR, Louise
director · ~45y · appointed 2021-05-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge02/10/2025
satisfied
Santander
Santander UK PLC
A registered charge1 property07/10/202123/12/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (14 total)

accounts-with-accounts-type-small
accounts · AA
2025-12-23
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-23
accounts-with-accounts-type-small
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-07
accounts-with-accounts-type-small
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-10-19
appoint-person-director-company-with-name-date
officers · AP01
2021-09-13
incorporation-company
incorporation · NEWINC
2021-05-05