AIR SERVICE TRAINING (ENGINEERING) LIMITED
Company number SC163769 · Monitor this company
The annual accounts for this company are overdue.
The confirmation statement for this company is overdue.
Executive summary
Air Service Training (Engineering) Limited is a heritage aviation engineering trainer, majority-owned by Perth College, now in insolvency proceedings after years of wafer-thin capitalisation (£22.9k equity on a £1.06M balance sheet) and chronic negative working capital. Its failure appears structural rather than market-driven — industry demand for aircraft maintenance engineers remains robust — meaning residual value lies in its brand, approvals, equipment, and academic linkages rather than the corporate shell. Any strategic play is time-critical: value must be captured through a rapid asset sale before regulatory certifications, staff, and student pipelines erode.
Shareholders' funds
£22,855
Balance sheet as at 2017-07-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1996-02-28
- Registered office
- C/O HENDERSON LOGGIE, The Vision Building 20 Greenmarket, Dundee, DD1 4QB
- Postcode
- DD1 4QB
- Capital
- 20,000 GBP
- Accounts category
- Small
Accounts
- Last made up to
- 2023-07-31
- Next due by
- 2025-04-30 Overdue
- Financial year end
- 31 July
Confirmation statement
- Last statement dated
- 2025-02-25
- Next due by
- 2026-03-11 Overdue
Nature of business (SIC)
- 85421 First-degree level higher education
Officers 2 current · 38 resigned
Group structure
Controlled by WILLOWBANK DAIRY COMPANY LIMITED — since 2022-04-01
From persons-with-significant-control filings on the public register.
Contact details
Previous company names
| Name | Date changed |
|---|---|
| AIR SERVICES TRAINING (ENGINEERING) LIMITED | 1997-05-14 |
| BUSHCHAIN LIMITED | 1996-08-19 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| 24 GREAT KING STREET, EDINBURGH, EH3 6QN | 1996-03-29 |
The class of 1996
45%
of the 41,236 companies incorporated in 1996 are still active today; 53% have since been dissolved.
A fact about the year, not a forecast for this company.