HIGHLANDS & ISLANDS SUSTAINABLE AVIATION LIMITED

🌿Early-stageactive
SC784461 · ltd · incorporated 2023-10-01
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 Oct 2024
Net worth
£-16
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: SIC 51101
Sector: Transportation & storage
ALSO REGISTERED FOR
  • 51102SIC 51102
  • 51210SIC 51210
  • 70229Management consultancy activities other than financial management
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (72/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 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
5 connected companies via shared directors
60
Filing history
4 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £16

Key financials

1 year extracted from filed iXBRL accounts
Cash
£181
Net Worth
-£16
Current Assets
£181
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-31
Total assets£-16
Current assets£181
Cash£181
Debtors£0
Net assets£-16

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
0
filings
Counts from Companies House filing history.
Corporate timeline (5 events)Click to expand
  1. 2025-06-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2023-10-01
    🏢
    Company incorporated
    As HIGHLANDS & ISLANDS SUSTAINABLE AVIATION LIMITED
  3. 2023-10-01
    HOLDEN, David Charles appointed
    director
  4. 2023-10-01
    PRINC, Lukas appointed
    director
  5. 2023-10-01
    📄
    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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Young company: Only 2.6 years old — management layer unlikely to be developed.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David Charles Holden
Individual · British · DOB 10/1962 · age 64
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/10/2023
Mr Lukas Princ
Individual · Czech · DOB 07/1986 · age 40
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/10/2023

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.

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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.

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🔒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
Incorporated2023-10-01
Jurisdictionscotland
Primary SIC51101 — SIC 51101

Registered office

Warrenfield House
Bignold Park Road
Kirkwall
KW15 1PT
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-14
Last: 2025-09-30

Officers (2 active · 0 resigned)

HOLDEN, David Charles
director · ~64y · appointed 2023-10-01
View their other companies + combined net worth →
Active
PRINC, Lukas
director · ~40y · appointed 2023-10-01
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)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-30
incorporation-company
incorporation · NEWINC
2023-10-01