ADMIRAL MARINE SUPPLIES LIMITED
Opportunity 67/100 (strong), bankability 47/100. Strong seller-intent signal (63/100, director aged 78). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).
Refinance opportunity
7 live charges · 4 lenders · oldest 43.7y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 43.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2023-12-31 |
|---|---|
| Total assets | £116.8k |
| Cash | £40.8k |
| Net assets | £116.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
- • 1 gazette
- • 1 gazette
- • 1 confirmation-statement
- • 1 gazette
- • 1 confirmation-statement
- • 1 address
Corporate timeline (29 events)Click to expand
- 2026-05-26📄gazette-notice-compulsorygazette · GAZ1
- 2026-02-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-08-19📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2024-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-11-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-05-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-03-31➖MATHISON, Andrew John resigneddirector
- 2005-05-20🔓Charge satisfied #5
- 2005-05-20🔓Charge satisfied #4
- 2005-05-20🔓Charge satisfied #2
- 2005-04-20🔒Charge registered #7Lender: The Governor and Company of the Bank of Ireland
- 2005-04-05🔓Charge satisfied #3
- 2005-02-24🔒Charge registered #6Lender: Enterprise Finance Europe (UK) Limited
- 2005-02-03🔒Charge registered #5Lender: National Westminster Bank PLC
- 1997-10-08🔓Charge satisfied #1
- 1997-09-22🔒Charge registered #4Lender: National Westminster Bank PLC
- 1994-10-11🔒Charge registered #3Lender: National Westminster Bank PLC
- 1994-10-11🔒Charge registered #2Lender: National Westminster Bank PLC
- 1982-09-15🔒Charge registered #1Lender: Lloyds Bank PLC
- 1978-09-18🏢Company incorporatedAs ADMIRAL MARINE SUPPLIES LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 78 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 48 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-03-31
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robert Thomas Blake Individual · British · DOB 10/1948 · age 78 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr Andrew John Mathisonceased 16/05/2017· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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10 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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Governor and Company of the Bank of Ireland | Legal charge | 1 property | 20/04/2005 | — | |
| outstanding | Enterprise Finance Europe (UK) Enterprise Finance Europe (UK) Limited | Debenture | 1 property | 24/02/2005 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Charge of deposit | 1 property | 03/02/2005 | 20/05/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 22/09/1997 | 20/05/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 11/10/1994 | 05/04/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 2 properties | 11/10/1994 | 20/05/2005 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 15/09/1982 | 08/10/1997 |