AIRD CATERING LTD

🌿Early-stageactive
SC773798 · ltd · incorporated 2023-06-26
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 Jun 2024
Net worth
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Event catering activities
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
8 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
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-30

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2025-06-11
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-06-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-05-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-09-14
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2024-09-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2023-06-26
    🏢
    Company incorporated
    As AIRD CATERING LTD
  7. 2023-06-26
    LOADES, Jennifer Rory appointed
    director
  8. 2023-06-26
    LOADES, Kenneth James appointed
    director
  9. 2023-06-26
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +Young company: Only 2.8 years old — management layer unlikely to be developed.

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

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Kenneth James Loades
Individual · Scottish · DOB 10/1984 · age 42
2550%
25–50%board control25-50% shares · 25-50% voting · board control26/06/2023
Mrs Jennifer Rory Loades
Individual · American · DOB 12/1986 · age 40
2550%
25–50%25-50% shares · 25-50% voting26/06/2023

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

9 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
Incorporated2023-06-26
Jurisdictionscotland
Primary SIC56210 — Event catering activities

Registered office

Aird Cottage
Ardross
Alness
IV17 0XW
Scotland

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-07-09
Last: 2025-06-25

Officers (2 active · 0 resigned)

LOADES, Jennifer Rory
director · ~40y · appointed 2023-06-26
View their other companies + combined net worth →
Active
LOADES, Kenneth James
director · ~42y · appointed 2023-06-26
View their other companies + combined net worth →
Active

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

Recent filings (8 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-26
gazette-filings-brought-up-to-date
gazette · DISS40
2025-06-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-10
gazette-notice-compulsory
gazette · GAZ1
2025-05-20
gazette-filings-brought-up-to-date
gazette · DISS40
2024-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-11
gazette-notice-compulsory
gazette · GAZ1
2024-09-10
incorporation-company
incorporation · NEWINC
2023-06-26