ADVENTURE SPORTS (WARWICKSHIRE) LIMITED

🌳Matureactive
02119852 · ltd · incorporated 1987-04-06
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 35.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
£255.0k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (93/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 35.7y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 35.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 6 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
116 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 declared
Positive net assets
Net assets £255,014
Net assets shrinking
Down £7,654 YoY
Cash YoY
+27%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£120k
↑ 27% YoY
Net Worth
£255k
↓ 2.9% YoY
Current Assets
£271k
↑ 29% YoY
Current Liabilities
—
£0£54k£109k£163k£217k£271kOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-10-312024-10-31
Total assets£378.9k£395.2k
Current assets£271.4k£210.0k
Cash£120.3k£94.4k
Debtors£119.8k£91.1k
Net assets£255.0k£262.7k

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-04-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-04-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-04-28
    🔓
    Charge satisfied #2
  6. 2025-04-28
    🔓
    Charge satisfied #1
  7. 2024-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-04-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-12-20
    🔒
    Charge registered #3
    Lender: Coventry and Warwickshire Reinvestment Trust LTD
  12. 2021-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-01-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-04-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2015-08-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2012-10-25
    ➖
    MAYNARD, James resigned
    director
  20. 2010-05-21
    ➖
    DAVIES, Patrick Charles resigned
    director
  21. 2010-05-21
    ➕
    MAYNARD, James appointed
    director
  22. 2009-12-09
    ➕
    ELLIS, Caroline Lesley appointed
    secretary
  23. 2009-10-13
    ➖
    BLAND, Sarah Catherine resigned
    secretary
  24. 2008-02-14
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  25. 2007-07-01
    ➕
    BLAND, Sarah Catherine appointed
    secretary
  26. 2007-06-29
    ➖
    DAVIES, Patrick Charles resigned
    secretary
  27. 2003-10-03
    ➖
    O'NEILL, Rodney resigned
    director
  28. 2000-01-31
    ➕
    HILL, Matthew Nicholas appointed
    director
  29. 2000-01-31
    ➕
    O'NEILL, Rodney appointed
    director
  30. 1999-10-29
    ➖
    RICHARDSON, Ann Cecelia resigned
    director
  31. 1999-08-04
    ➕
    DAVIES, Patrick Charles appointed
    secretary
  32. 1999-08-04
    ➖
    RICHARDSON, Ann Cecelia resigned
    secretary
  33. 1994-11-30
    ➕
    RICHARDSON, Ann Cecelia appointed
    secretary
  34. 1994-11-30
    ➖
    RICHARDSON, Diana Cynthia Anthony resigned
    secretary
  35. 1994-11-21
    ➕
    DAVIES, Patrick Charles appointed
    director
  36. 1994-11-21
    ➕
    RICHARDSON, Ann Cecelia appointed
    director
  37. 1990-09-06
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  38. 1987-04-06
    🏢
    Company incorporated
    As ADVENTURE SPORTS (WARWICKSHIRE) 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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 39 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Stephen John Richardson
Individual · British · DOB 08/1961 · age 65
50–75%
—50-75% shares19/07/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1987-04-06
Jurisdictionengland-wales
Primary SIC93199 — Other sports activities

Registered office

Wedgnock Rifle Range
Wedgnock Lane
Warwick
CV35 7PX

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-07-22
Last: 2025-07-08

Officers (3 active · 8 resigned)

ELLIS, Caroline Lesley→
secretary · appointed 2009-12-09
View their other companies + combined net worth →
Active
HILL, Matthew Nicholas→
director · ~53y · appointed 2000-01-31
View their other companies + combined net worth →
Active
RICHARDSON, Stephen John→
director · ~65y
View their other companies + combined net worth →
Active
BLAND, Sarah Catherine→
secretary · appointed 2007-07-01 · resigned 2009-10-13
Resigned
DAVIES, Patrick Charles→
secretary · appointed 1999-08-04 · resigned 2007-06-29
Resigned
RICHARDSON, Ann Cecelia→
secretary · appointed 1994-11-30 · resigned 1999-08-04
Resigned
RICHARDSON, Diana Cynthia Anthony→
secretary · resigned 1994-11-30
Resigned
DAVIES, Patrick Charles→
director · ~68y · appointed 1994-11-21 · resigned 2010-05-21
Resigned
MAYNARD, James→
director · ~57y · appointed 2010-05-21 · resigned 2012-10-25
Resigned
O'NEILL, Rodney→
director · ~61y · appointed 2000-01-31 · resigned 2003-10-03
Resigned
RICHARDSON, Ann Cecelia→
director · ~71y · appointed 1994-11-21 · resigned 1999-10-29
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Coventry and Warwickshire Reinvestment Trust
Coventry and Warwickshire Reinvestment Trust LTD
A registered charge—20/12/2021—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property14/02/200828/04/2025
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property06/09/199028/04/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (116 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-08
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-04