ARMADA INVESTMENTS LIMITED
🌳Matureactive
01140855 · ltd · incorporated 1973-10-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
£38.05M
year to Mar 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Financial leasing
Sector: Financial & insurance
Investor take
PursueLeverage-led grower with a 82-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).
🏦
Refinance opportunity
23 live charges · 11 lenders · oldest 45.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 45.4 years old — likely at or near maturity.
- · 11 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
23 charges (23/23 with lender, 23/23 with type)
90
Directors & officers
13 officers (6 active, 13 linked, 10 with DOB)
85
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
161 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £3,663,982
Turnover YoY
+7%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Turnover | £38.05M | £35.45M |
| Gross profit | £12.06M | £11.83M |
| Operating profit | £5.82M | £5.52M |
| Profit before tax | £3.66M | £3.67M |
| Average employees | 2300 | 2300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
4 signals 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 (72 events)Click to expand
- 2025-12-01📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-19📄accounts-with-accounts-type-fullaccounts · AA
- 2023-10-27📄accounts-amended-with-accounts-type-fullaccounts · AAMD
- 2023-10-16📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-20🔒Charge registered #23Lender: Hampshire Trust Bank PLC
- 2022-12-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-12-14🔓Charge satisfied #22
- 2022-10-11📄accounts-with-accounts-type-fullaccounts · AA
- 2021-12-13📄accounts-with-accounts-type-fullaccounts · AA
- 2021-10-19📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-19📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2021-10-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-04-15📄accounts-with-accounts-type-fullaccounts · AA
- 2020-02-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-28📄accounts-with-accounts-type-fullaccounts · AA
- 2018-12-05📄accounts-with-accounts-type-fullaccounts · AA
- 2017-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2016-08-12🔓Charge satisfied #17
- 2016-08-12🔓Charge satisfied #16
- 2015-08-24🔒Charge registered #22Lender: Hampshire Trust Bank PLC
- 2014-06-06➕NASH, Oliver Raymond Frederick appointeddirector
- 2013-07-04🔒Charge registered #21Lender: Investec Asset Finance PLC
- 2013-01-22🔒Charge registered #20Lender: Aldermore Bank PLC (Purchaser)
- 2012-11-16🔒Charge registered #19Lender: Hitachi Capital (UK) PLC
- 2012-11-10🔓Charge satisfied #10
- 2012-09-28➖HODGES, Anthony Gerard resigneddirector
- 2011-10-07🔒Charge registered #18Lender: Siemens Financial Services LTD
- 2009-06-19🔓Charge satisfied #12
- 2006-11-08🔒Charge registered #17Lender: National Westminster Bank PLC
- 2006-06-16➖DICKINSON, Paul Kennedy resigneddirector
- 2005-11-03➕DREWETT, David John appointeddirector
- 1998-03-19🔓Charge satisfied #14
- 1998-03-19🔓Charge satisfied #13
- 1998-02-27🔒Charge registered #16Lender: National Westminster Bank PLC
- 1998-02-17🔓Charge satisfied #11
- 1998-01-22🔓Charge satisfied #15
- 1997-08-21🔓Charge satisfied #9
- 1997-08-21🔓Charge satisfied #8
- 1997-08-21🔓Charge satisfied #5
- 1997-08-21🔓Charge satisfied #4
- 1997-08-21🔓Charge satisfied #2
- 1997-08-21🔓Charge satisfied #1
- 1996-02-02➕SMITH, Heather Anne appointedsecretary
- 1996-02-02➕SMITH, Heather Anne appointeddirector
- 1996-02-02➖SLOCOMBE, Linda Frances resignedsecretary
- 1996-02-02➕DICKINSON, Paul Kennedy appointeddirector
- 1996-02-02➕HODGES, Anthony Gerard appointeddirector
- 1996-02-02➖SLOCOMBE, Linda Frances resigneddirector
- 1995-06-30➕SLOCOMBE, Linda Frances appointedsecretary
Showing most recent 50 of 72 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 82 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 53 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kirk Martin Smith Individual · British · DOB 04/1944 · age 82 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
Mr David John Drewett Individual · British · DOB 06/1973 · age 53 | — | — | sig. influencesignificant influence | 06/04/2016 |
Mr Martin John Fishleigh Individual · British · DOB 11/1944 · age 82 | — | — | sig. influencesignificant influence | 06/04/2016 |
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 →Similar companies
Active · Financial services · EX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ARAM FAMILY HOLDINGS LIMITED→ 10363573 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ARLINGTON FINANCIAL ASSOCIATES LIMITED→ 11174486 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ARNOCO (SW) LTD→ 11430276 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ARTORI LIMITED→ 05769211 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| ASCENDRIA LIMITED→ 16034731 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ASG MORTGAGES LTD→ 14244032 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ASPARA LIMITED→ 10402633 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ASSET FINANCE MAN LIMITED→ 14015064 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ASSET FINANCE SPECIALISTS LTD→ 12058060 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ATLAS SCALE LIMITED→ 15970698 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ATTENTUS FINANCIAL PLANNING LTD→ 16130292 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ATTFIELD JAMES LIMITED→ 02851160 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1973-10-22
Jurisdictionengland-wales
Primary SIC64910 — Financial leasing
Registered office
Armada House, Odhams Wharf
Topsham
Exeter
Devon
EX3 0PB
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-14
Last: 2025-09-30
Officers (6 active · 7 resigned)
SMITH, Heather Anne→
Activesecretary · appointed 1996-02-02
View their other companies + combined net worth →
DREWETT, David John→
Activedirector · ~53y · appointed 2005-11-03
View their other companies + combined net worth →
Active
NASH, Oliver Raymond Frederick→
Activedirector · ~43y · appointed 2014-06-06
View their other companies + combined net worth →
SMITH, Heather Anne→
Activedirector · ~61y · appointed 1996-02-02
View their other companies + combined net worth →
Active
SLOCOMBE, Linda Frances→
Resignedsecretary · appointed 1995-06-30 · resigned 1996-02-02
STEER, Sheila Mary→
Resignedsecretary · resigned 1995-06-30
DICKINSON, Paul Kennedy→
Resigneddirector · ~70y · appointed 1996-02-02 · resigned 2006-06-16
DICKINSON, Paul Kennedy→
Resigneddirector · ~70y · resigned 1994-09-12
HODGES, Anthony Gerard→
Resigneddirector · ~65y · appointed 1996-02-02 · resigned 2012-09-28
SLOCOMBE, Linda Frances→
Resigneddirector · ~77y · resigned 1996-02-02
STEER, Sheila Mary→
Resigneddirector · ~85y · resigned 1995-06-30
Click a director name to see their full track record across all companies.
Mortgages & charges
23
Total charges
5
Outstanding
5
Active lenders
Status:Lender:23 of 23 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Hampshire Trust Bank Hampshire Trust Bank PLC | A registered charge | — | 20/12/2022 | — | |
| satisfied | Hampshire Trust Bank Hampshire Trust Bank PLC | A registered charge | — | 24/08/2015 | 14/12/2022 | |
| outstanding | Investec Asset Finance Investec Asset Finance PLC | A registered charge | 1 property | 04/07/2013 | — | |
| outstanding | Aldermore Aldermore Bank PLC (Purchaser) | A block discounting master agreement | 1 property | 22/01/2013 | — | |
| outstanding | Hitachi Capital (UK) Hitachi Capital (UK) PLC | Block discounting agreement | 1 property | 16/11/2012 | — | |
| outstanding | Siemens Financial Services Siemens Financial Services LTD | Block discounting agreement | 1 property | 07/10/2011 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 08/11/2006 | 12/08/2016 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 27/02/1998 | 12/08/2016 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 07/02/1994 | 19/03/1998 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Charge | 1 property | 07/02/1994 | 19/03/1998 | |
| satisfied | Hitachi Credit (U.K.) Hitachi Credit (U.K.) PLC | Block discounting agreement | 1 property | 15/12/1993 | 19/06/2009 | |
| satisfied | Hitachi Credit (U.K.) Hitachi Credit (U.K.) PLC | Block discounting agreement | 1 property | 04/12/1991 | 17/02/1998 | |
| satisfied | Barclays Barclays Bank PLC | Floating charge | 1 property | 15/10/1991 | 22/01/1998 | |
| satisfied | Manufacturers Hanover Trust Company | Floating charge | 1 property | 15/10/1991 | 10/11/2012 | |
| satisfied | Manufacturers Hanover Trust Company | Charge | 1 property | 15/10/1991 | 21/08/1997 | |
| satisfied | Barclays Barclays Bank PLC | Fixed charge | 1 property | 15/10/1991 | 21/08/1997 | |
| satisfied | Barclays Barclays Mercantile Business Finance Limited. | Agreement | 1 property | 18/12/1990 | 25/09/1991 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 2 properties | 22/12/1989 | 26/11/1991 | |
| satisfied | Manufacturers Hanover Trust Manufacturers Hanover Trust Limited | Debenture | 1 property | 31/07/1989 | 21/08/1997 | |
| satisfied | Manufacturers Hanover Trust Manufacturers Hanover Trust Limited | Charge | 2 properties | 31/07/1989 | 21/08/1997 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 07/07/1989 | 26/11/1991 | |
| satisfied | Barclays Barclays Bank PLC | Charge | 1 property | 15/04/1983 | 21/08/1997 | |
| satisfied | Manufacturers Hanover Trust Company | Legal charge | 1 property | 22/12/1980 | 21/08/1997 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (161 total)
accounts-with-accounts-type-full
accounts · AA
2025-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
accounts-with-accounts-type-full
accounts · AA
2024-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-02
accounts-amended-with-accounts-type-full
accounts · AAMD
2023-10-27
accounts-with-accounts-type-full
accounts · AA
2023-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-09
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-18
accounts-with-accounts-type-full
accounts · AA
2022-10-11
accounts-with-accounts-type-full
accounts · AA
2021-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-26
change-person-director-company-with-change-date
officers · CH01
2021-10-19
change-sail-address-company-with-old-address-new-address
address · AD02
2021-10-19