FALMOUTH TOWN ASSOCIATION FOOTBALL CLUB LIMITED

🌳Matureactive
00519151 · ltd · incorporated 1953-04-29
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Operation of sports facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 6 lenders · oldest 44.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 44.1 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
23 officers (2 active, 23 linked, 16 with DOB)
84
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
152 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-312023-05-31
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

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 (66 events)Click to expand
  1. 2025-02-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-02-28
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    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-02-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-02-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-02-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2016-06-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2016-02-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-06-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-02-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-06-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-03-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-10-12
    📄
    termination-director-company-with-name
    officers · TM01
  17. 2013-10-09
    ➖
    FERGUSON, Glynis Victoria resigned
    secretary
  18. 2013-10-09
    ➖
    FERGUSON, Glynis Victoria resigned
    director
  19. 2013-07-06
    ➖
    THOMAS, Frank Michael resigned
    director
  20. 2013-01-01
    ➖
    HINCHLEY, Patrick David George resigned
    director
  21. 2012-10-04
    ➖
    MCMELLON, Christopher John resigned
    director
  22. 2012-10-01
    ➕
    THOMAS, Frank Michael appointed
    director
  23. 2012-07-01
    ➖
    SPARGO, Colin resigned
    director
  24. 2012-04-23
    ➖
    OLIVER, Terry Derek resigned
    director
  25. 2012-04-11
    ➖
    FENNER, Roger resigned
    director
  26. 2011-07-21
    ➕
    MCMELLON, Christopher John appointed
    director
  27. 2011-06-18
    ➕
    OLIVER, Terry Derek appointed
    director
  28. 2010-08-10
    ➕
    FERGUSON, Glynis Victoria appointed
    secretary
  29. 2010-04-22
    ➖
    SPARGO, Colin resigned
    secretary
  30. 2010-04-14
    ➖
    TRESIDDER, Rex resigned
    director
  31. 2009-10-30
    ➖
    SWAIN, Brian resigned
    director
  32. 2009-10-30
    ➖
    WILLIAMS, Michael James resigned
    director
  33. 2009-03-24
    ➖
    BROWN, Derek Robert Charles resigned
    secretary
  34. 2009-03-24
    ➕
    SPARGO, Colin appointed
    secretary
  35. 2009-03-24
    ➖
    BROWN, Derek Robert Charles resigned
    director
  36. 2008-06-01
    ➕
    FERGUSON, Glynis Victoria appointed
    director
  37. 2008-06-01
    ➕
    SWAIN, Brian appointed
    director
  38. 2008-06-01
    ➕
    WILLIAMS, Michael James appointed
    director
  39. 2006-09-28
    🔓
    Charge satisfied #7
  40. 2006-09-28
    🔓
    Charge satisfied #6
  41. 2006-09-28
    🔓
    Charge satisfied #5
  42. 2006-09-28
    🔓
    Charge satisfied #4
  43. 2006-09-28
    🔓
    Charge satisfied #3
  44. 2006-09-28
    🔓
    Charge satisfied #2
  45. 2006-03-23
    ➕
    BROWN, Derek Robert Charles appointed
    secretary
  46. 2006-03-23
    ➖
    RENNIE, Ian Joseph resigned
    secretary
  47. 2005-11-25
    ➖
    ASHE, Norman James resigned
    director
  48. 2005-02-08
    ➖
    BURGESS, Colin resigned
    director
  49. 2004-08-03
    ➖
    ROWE, Michael J resigned
    director
  50. 2004-08-02
    ➕
    MEDLIN, Graham John appointed
    director
Showing most recent 50 of 66 events

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 73 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Graham John Medlin
Individual · British · DOB 01/1956 · age 70
——sig. influencesignificant influence06/04/2016
Mr Malcolm Clive Newland
Individual · British · DOB 09/1953 · age 73
——sig. influencesignificant influence06/04/2016

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.

See pricing →

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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.

See pricing →
🔒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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1953-04-29
Jurisdictionengland-wales
Primary SIC93110 — Operation of sports facilities

Registered office

The Athenaeum Club Penvale
Kimberley Place
Falmouth
Cornwall
TR11 3QL

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-05-04
Last: 2025-04-20

Officers (2 active · 21 resigned)

MEDLIN, Graham John→
director · ~70y · appointed 2004-08-02
View their other companies + combined net worth →
Active
NEWLAND, Malcolm Clive→
director · ~73y · appointed 2004-08-02
View their other companies + combined net worth →
Active
BROWN, Derek Robert Charles→
secretary · appointed 2006-03-23 · resigned 2009-03-24
Resigned
FERGUSON, Glynis Victoria→
secretary · appointed 2010-08-10 · resigned 2013-10-09
Resigned
RENNIE, Ian Joseph→
secretary · appointed 2004-08-02 · resigned 2006-03-23
Resigned
ROWE, Michael J→
secretary · resigned 2003-03-18
Resigned
SPARGO, Colin→
secretary · appointed 2009-03-24 · resigned 2010-04-22
Resigned
THOMPSON, John→
secretary · appointed 2003-03-18 · resigned 2004-08-02
Resigned
ASHE, Norman James→
director · resigned 2005-11-25
Resigned
BROWN, Derek Robert Charles→
director · ~97y · resigned 2009-03-24
Resigned
BURGESS, Colin→
director · ~72y · resigned 2005-02-08
Resigned
FENNER, Roger→
director · ~84y · appointed 1996-03-17 · resigned 2012-04-11
Resigned
FERGUSON, Glynis Victoria→
director · ~76y · appointed 2008-06-01 · resigned 2013-10-09
Resigned
HINCHLEY, Patrick David George→
director · ~87y · resigned 2013-01-01
Resigned
MCMELLON, Christopher John→
director · ~76y · appointed 2011-07-21 · resigned 2012-10-04
Resigned
OLIVER, Terry Derek→
director · ~74y · appointed 2011-06-18 · resigned 2012-04-23
Resigned
PHILLIPPS, Samuel Charles→
director · ~98y · resigned 2003-02-22
Resigned
ROWE, Michael J→
director · ~81y · resigned 2004-08-03
Resigned
SPARGO, Colin→
director · ~79y · appointed 2004-08-02 · resigned 2012-07-01
Resigned
SWAIN, Brian→
director · ~88y · appointed 2008-06-01 · resigned 2009-10-30
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
St Austell Brewery Company
St Austell Brewery Company Limited
Collateral charge1 property11/06/200228/09/2006
satisfied
St. Austell Brewery Company
St. Austell Brewery Company Limited
Collateral charge1 property06/08/199928/09/2006
satisfied
St.Austell Brewery Company
St.Austell Brewery Company Limited
Collateral charge1 property22/11/199528/09/2006
satisfied
St Austell Brewery Company
St Austell Brewery Company Limited
Further charge1 property13/02/198928/09/2006
satisfied
The St. Austell Brewery Company
The St. Austell Brewery Company Limited
Mortgage1 property17/08/198728/09/2006
satisfied
St Austell Brewery Company .
St Austell Brewery Company Limited.
Mortgage1 property20/10/198328/09/2006
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property26/03/1982—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (152 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-20
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-26
confirmation-statement-with-updates
confirmation-statement · CS01
2019-04-26
accounts-with-accounts-type-micro-entity
accounts · AA
2019-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-05-04