HWU - don't think Peel are opposed to new business, so long as it doesn't cost them - would imagine they would be cautious of a paper start up company after the last fiasco (Nigerian bloke - can't remember the name?).
Curious as to what equipment is planned, though. Also curious as to what suitable qualifications a 16 year old has? Impressive that they've got a handle on Balfour Beatty's plans for Squires Gate - wasn't aware they were that advanced.