{"name":"AIR SERVICE TRAINING (ENGINEERING) LIMITED","company_number":"SC163769","status":"Insolvency Proceedings","type":"Private Limited Company","incorporated":"1996-02-28","dissolved":null,"registered_office":"C/O HENDERSON LOGGIE, The Vision Building 20 Greenmarket, Dundee, DD1 4QB","postcode":"DD1 4QB","sic_codes":[{"code":85421,"description":"First-degree level higher education"}],"principal_activity":null,"previous_names":[{"name":"AIR SERVICES TRAINING (ENGINEERING) LIMITED","changed_on":"1997-05-14"},{"name":"BUSHCHAIN LIMITED","changed_on":"1996-08-19"}],"warnings":["The annual accounts for this company are overdue.","The confirmation statement for this company is overdue."],"accounts":{"category":"Small","year_end":"31 July","last_made_up_to":"2023-07-31","next_due":"2025-04-30"},"employees":null,"financials":[{"financial_date":"2017-07-31","net_assets":22855,"cash":558915},{"financial_date":"2016-07-31","net_assets":21714,"cash":276322}],"officers":{"current":2,"resigned":38,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[{"date":"2025-04-23","kind":"insolvency"}],"insolvency_outcome":null,"ai_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.","website":"http://www.airservicetraining.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/air-service-training-(engineering)","people":"https://www.companiesintheuk.co.uk/company/air-service-training-(engineering)/people","filing_history":"https://www.companiesintheuk.co.uk/company/air-service-training-(engineering)/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/SC163769","financials":"https://www.companiesintheuk.co.uk/company/air-service-training-(engineering)/financial","gazette":"https://www.companiesintheuk.co.uk/company/air-service-training-(engineering)/gazette","control":"https://www.companiesintheuk.co.uk/company/air-service-training-(engineering)/control","ai_analysis":"https://www.companiesintheuk.co.uk/company/air-service-training-(engineering)/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/air-service-training-(engineering)"}