MARINE SPORTS LIMITED
🌳Matureactive
01968530 · ltd · incorporated 1985-12-04
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£2.27M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
- 93110Operation of sports facilities
Investor take
PursueActive trading company with a 81-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 37.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 37.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
111 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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £2,271,501
Cash YoY
+15%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£384k
↑ 15% YoY
Net Worth
£2.3m
↑ 2.8% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Cash | £383.9k | £334.3k |
| Net assets | £2.27M | £2.21M |
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 (29 events)Click to expand
- 2025-11-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-07-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-07-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-11-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-11-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-01-15➕GADSDON, Holly Constance appointeddirector
- 2013-10-14🔒Charge registered #5Lender: Svenska Handelsbanken Ab (Publ)
- 2013-10-14🔒Charge registered #4Lender: Svenska Handelsbanken Ab (Publ)
- 2013-08-02🔓Charge satisfied #3
- 2013-08-02🔓Charge satisfied #2
- 2013-08-02🔓Charge satisfied #1
- 2002-09-01➕GADSDON, Michael George appointedsecretary
- 2002-09-01➕GADSDON, Michael George appointeddirector
- 2002-09-01➖BUDGE, Richard John resignedsecretary
- 2002-05-28🔒Charge registered #3Lender: Hsbc Bank PLC
- 1993-06-02🔒Charge registered #2Lender: Barclays Bank PLC
- 1991-10-31➖REED, Andrew Robert resigneddirector
- 1989-05-17🔒Charge registered #1Lender: Barclays Bank PLC
- 1985-12-04🏢Company incorporatedAs MARINE SPORTS LIMITED
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — 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 81 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 41 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
mediumMultiple 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 |
|---|---|---|---|---|
Mrs Corin Eve Gadsdon Individual · British · DOB 09/1952 · age 74 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Corin Eve Gadsdonceased 06/04/2016· 75-100% shares · 75-100% voting · board control
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 · Energy & utilities · TR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KERNOW WASTE DISPOSAL & AGGREGATES LTD→ 16275241 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| KS SPV 12 LIMITED→ 07540440 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| KS SPV 63 LIMITED→ 12657956 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| LEADERS SEPTIC TANK EMPTYING CORNWALL LTD→ 12437032 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| LELLO HOLDINGS LIMITED→ 11449383 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| LEYONNE ENERGY LIMITED→ 07969178 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| LEYS SOLAR ENERGY C.I.C.→ 09660160 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| LIZARD MARINE SALVAGE & EXPLORATION LTD→ 13436267 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MA020 LIMITED→ 08983628 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| MAEN KARNE AGGREGATES LIMITED→ 05581711 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| MAWLA TRADING LIMITED→ 10584047 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| MOD GOD LTD→ 12393621 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated1985-12-04
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110
Registered office
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA
England
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-07-19
Last: 2025-07-05
Officers (4 active · 2 resigned)
GADSDON, Michael George→
Activesecretary · appointed 2002-09-01
View their other companies + combined net worth →
Active
GADSDON, Holly Constance→
Activedirector · ~37y · appointed 2015-01-15
View their other companies + combined net worth →
GADSDON, Michael George→
Activedirector · ~81y · appointed 2002-09-01
View their other companies + combined net worth →
BUDGE, Richard John→
Resignedsecretary · resigned 2002-09-01
REED, Andrew Robert→
Resigneddirector · ~66y · resigned 1991-10-31
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 14/10/2013 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 14/10/2013 | — | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 28/05/2002 | 02/08/2013 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 02/06/1993 | 02/08/2013 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 17/05/1989 | 02/08/2013 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (111 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-30
confirmation-statement-with-updates
confirmation-statement · CS01
2019-07-12