SECESSION LIMITED

🌳Matureactive
02010519 · ltd · incorporated 1986-04-15
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
year to Dec 2024
Net worth
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 79-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 79). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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
Confirmed no charges registered
85
Directors & officers
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31

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

🔒Filing-note intelligence

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

Last 30 days
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-23
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2023-03-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2022-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-04-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-04-30
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  11. 2018-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-05-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2016-04-28
    FREUD, Gideon appointed
    director
  15. 2003-12-05
    FREUD, Naomi appointed
    secretary
  16. 2003-12-05
    FREUD, Naomi appointed
    director
  17. 2003-12-05
    LEMOS, George James Demetrius resigned
    secretary
  18. 2003-12-05
    LEMOS, George James Demetrius resigned
    director
  19. 1986-04-15
    🏢
    Company incorporated
    As SECESSION LIMITED

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
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — 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 candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 40 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Naomi Freud
Individual · British · DOB 02/1961 · age 65
sig. influencesignificant influence06/04/2016
Mr David Freud
Individual · British · DOB 12/1947 · age 79
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
Incorporated1986-04-15
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants

Registered office

198 Shaftesbury Avenue
London
WC2H 8JL

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-07
Last: 2026-04-23

Officers (4 active · 2 resigned)

FREUD, Naomi
secretary · appointed 2003-12-05
View their other companies + combined net worth →
Active
FREUD, David
director · ~79y
View their other companies + combined net worth →
Active
FREUD, Gideon
director · ~35y · appointed 2016-04-28
View their other companies + combined net worth →
Active
FREUD, Naomi
director · ~65y · appointed 2003-12-05
View their other companies + combined net worth →
Active
LEMOS, George James Demetrius
secretary · resigned 2003-12-05
Resigned
LEMOS, George James Demetrius
director · ~71y · resigned 2003-12-05
Resigned

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

Recent filings (93 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
gazette-filings-brought-up-to-date
gazette · DISS40
2023-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
gazette-notice-compulsory
gazette · GAZ1
2023-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-04