{"name":"VENTHUM LIMITED","company_number":"02799272","status":"Liquidation","type":"Private Limited Company","incorporated":"1993-03-12","dissolved":null,"registered_office":"C/O Rsm Uk Restructuring Advisory Llp, 25 Farringdon Street, London, EC4A 4AB","postcode":"EC4A 4AB","sic_codes":[{"code":51102,"description":"Non-scheduled passenger air transport"}],"principal_activity":null,"previous_names":[{"name":"SPECIALIST AVIATION SERVICES GROUP LIMITED","changed_on":"2024-05-09"},{"name":"SPECIALIST AVIATION SERVICES LIMITED","changed_on":"2015-06-01"}],"warnings":["The annual accounts for this company are overdue.","The confirmation statement for this company is overdue."],"accounts":{"category":"Group","year_end":"30 December","last_made_up_to":"2022-12-31","next_due":"2024-09-30"},"employees":null,"financials":[{"financial_date":"2022-12-31","turnover":28440,"net_assets":10318},{"financial_date":"2021-12-31","turnover":28574,"net_assets":10242,"cash":905},{"financial_date":"2020-12-31","turnover":29258,"net_assets":10935,"cash":39},{"financial_date":"2019-12-31","net_assets":16748,"cash":-1373}],"officers":{"current":3,"resigned":33,"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":2,"outstanding":0},"gazette_notices":[{"date":"2024-06-19","kind":"insolvency"},{"date":"2024-06-19","kind":"insolvency"}],"insolvency_outcome":{"active_today":false,"filings":[{"form":"LIQ14","date":"2026-08-13","description":"Return of final meeting in a creditors' voluntary winding up"}]},"ai_summary":"Venthum Limited (formerly Specialist Aviation Services Group) represents a distressed asset situation in the UK specialist aviation sector, with the holding company in formal liquidation after 30+ years of trading. The underlying group possessed strategically valuable capabilities—police and air ambulance contracts, CAA-regulated operations, helicopter assets, and European infrastructure—but chronic liquidity stress and balance sheet deterioration (net assets declining from £16.7M to £10.3M over three years) has eliminated the possibility of continued independent operation. Value preservation now depends entirely on the quality of the liquidation process and whether the operating subsidiaries' contracts, personnel, and regulatory approvals can be transferred intact to a capable acquirer.","website":"http://www.specialist-aviation.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/venthum","people":"https://www.companiesintheuk.co.uk/company/venthum/people","filing_history":"https://www.companiesintheuk.co.uk/company/venthum/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02799272","financials":"https://www.companiesintheuk.co.uk/company/venthum/financial","gazette":"https://www.companiesintheuk.co.uk/company/venthum/gazette","control":"https://www.companiesintheuk.co.uk/company/venthum/control","charges":"https://www.companiesintheuk.co.uk/company/venthum/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/venthum/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/venthum"}