45 PRESTON STREET LIMITED

🌳Matureactive
02205793 · ltd · incorporated 1987-12-15
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
£126.0k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Operation of arts facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 34.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 34.5 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 6 with DOB)
83
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
105 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
85
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 · FRS 102
Positive net assets
Net assets £125,955
Cash YoY
+109%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£20k
↑ 109% YoY
Net Worth
£126k
↑ 11% YoY
Current Assets
£34k
↑ 48% YoY
Current Liabilities
—
£0£25k£50k£76k£101k£126kOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
Total assets£126.0k£113.8k
Current assets£33.8k£22.9k
Cash£20.2k£9.7k
Debtors£13.6k£13.2k
Net assets£126.0k£113.8k

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 (33 events)Click to expand
  1. 2026-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-07-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-07-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-07-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2018-07-18
    🔒
    Charge registered #4
    Lender: Barclays Security Trustee Limited
  12. 2017-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-01-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-07-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2015-01-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2009-07-15
    ➖
    PHILLIPS, Niall Stephen resigned
    director
  18. 2008-09-12
    🔓
    Charge satisfied #2
  19. 2008-09-12
    🔓
    Charge satisfied #1
  20. 2008-08-31
    ➖
    WOOD, Deborah Mary Gavin resigned
    director
  21. 2008-08-12
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  22. 2005-11-11
    ➕
    BUTLER, John Henry, Professor appointed
    secretary
  23. 2005-11-11
    ➖
    WOOD, Deborah Mary Gavin resigned
    secretary
  24. 1997-12-23
    🔒
    Charge registered #2
    Lender: Northern Rock PLC
  25. 1992-01-03
    ➕
    BUTLER, John Henry, Professor appointed
    director
  26. 1992-01-03
    ➕
    COOK, Christopher Paul appointed
    director
  27. 1992-01-03
    ➕
    SIMMONDS, Nicholas Mark appointed
    director
  28. 1992-01-03
    ➖
    PHILLIPS, Gwendoline Diana Rosemary resigned
    secretary
  29. 1992-01-03
    ➕
    WOOD, Deborah Mary Gavin appointed
    secretary
  30. 1992-01-03
    ➖
    PHILLIPS, Gwendoline Diana Rosemary resigned
    director
  31. 1992-01-03
    ➕
    WOOD, Deborah Mary Gavin appointed
    director
  32. 1991-11-06
    🔒
    Charge registered #1
    Lender: Northern Rock Building Society
  33. 1987-12-15
    🏢
    Company incorporated
    As 45 PRESTON STREET LIMITED

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 80 — succession pressure is live.

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 80 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 38 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Professor John Henry Butler
Individual · British · DOB 12/1948 · age 78
——sig. influencesignificant influence06/04/2016
Mr Christopher Paul Cook
Individual · British · DOB 01/1959 · age 67
——sig. influencesignificant influence06/04/2016
Mr Nicholas Mark Simmonds
Individual · British,Canadian · DOB 06/1946 · age 80
——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
Incorporated1987-12-15
Jurisdictionengland-wales
Primary SIC90040 — Operation of arts facilities

Registered office

61 Cowick Lane
St Thomas
Exeter
Devon
EX2 9HJ

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-06-22
Last: 2025-06-08

Officers (4 active · 5 resigned)

BUTLER, John Henry, Professor→
secretary · appointed 2005-11-11
View their other companies + combined net worth →
Active
BUTLER, John Henry, Professor→
director · ~78y · appointed 1992-01-03
View their other companies + combined net worth →
Active
COOK, Christopher Paul→
director · ~67y · appointed 1992-01-03
View their other companies + combined net worth →
Active
SIMMONDS, Nicholas Mark→
director · ~80y · appointed 1992-01-03
View their other companies + combined net worth →
Active
PHILLIPS, Gwendoline Diana Rosemary→
secretary · resigned 1992-01-03
Resigned
WOOD, Deborah Mary Gavin→
secretary · appointed 1992-01-03 · resigned 2005-11-11
Resigned
PHILLIPS, Gwendoline Diana Rosemary→
director · ~72y · resigned 1992-01-03
Resigned
PHILLIPS, Niall Stephen→
director · ~74y · resigned 2009-07-15
Resigned
WOOD, Deborah Mary Gavin→
director · ~70y · appointed 1992-01-03 · resigned 2008-08-31
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge—18/07/2018—
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property12/08/2008—
satisfied
Northern Rock
Northern Rock PLC
Mortgage debenture1 property23/12/199712/09/2008
satisfied
Northern Rock Building Society
Legal charge1 property06/11/199112/09/2008
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (105 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-21
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-14
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-16