ADDISTOWN LIMITED

🌳Matureactive
02440850 · ltd · incorporated 1989-11-07
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 Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

10 live charges · 6 lenders · oldest 36.3y

35/100
too messy

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

  • · Oldest live charge is 36.3 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
117 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£64k£128k£191k£255k£319kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets—£319.0k
Current assets—£31.0k
Cash—£23.1k
Debtors—£7.9k
Net assets—£319.0k
Average employees0—

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
0
filings
Last 90 days
5
filings
  • • 3 officers
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Last 180 days
5
filings
  • • 3 officers
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2026-04-02
    ➕
    GERMAN, William Ralph Osborne appointed
    director
  2. 2026-04-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-04-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2026-04-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2026-04-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2026-02-16
    ➖
    HEYWOOD, Peter Ward resigned
    secretary
  7. 2026-02-16
    ➖
    HEYWOOD, Peter Ward resigned
    director
  8. 2025-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2025-09-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2024-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-03-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-05-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-11-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2020-11-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2020-11-06
    🔓
    Charge satisfied #10
  18. 2020-11-06
    🔓
    Charge satisfied #9
  19. 2020-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2005-11-02
    🔓
    Charge satisfied #8
  23. 2005-11-02
    🔓
    Charge satisfied #7
  24. 2005-04-15
    🔒
    Charge registered #10
    Lender: Lloyds Tsb Bank PLC
  25. 2005-03-10
    🔒
    Charge registered #9
    Lender: Lloyds Tsb Bank PLC
  26. 2003-11-19
    🔓
    Charge satisfied #6
  27. 2003-07-24
    🔒
    Charge registered #8
    Lender: National Westminster Bank PLC
  28. 2003-07-24
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  29. 2003-02-07
    🔓
    Charge satisfied #5
  30. 2003-02-07
    🔓
    Charge satisfied #4
  31. 2003-02-07
    🔓
    Charge satisfied #3
  32. 2003-02-07
    🔓
    Charge satisfied #2
  33. 1998-12-14
    🔒
    Charge registered #6
    Lender: Midland Bank PLC
  34. 1997-02-05
    ➖
    O`HARA, Vivian Gervaise resigned
    director
  35. 1996-04-10
    ➕
    O`HARA, Vivian Gervaise appointed
    director
  36. 1996-01-08
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  37. 1996-01-08
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  38. 1995-08-19
    🔓
    Charge satisfied #1
  39. 1995-05-18
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  40. 1990-03-12
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC.
  41. 1990-03-12
    🔒
    Charge registered #1
    Lender: Stephen John Kendall
  42. 1989-11-07
    🏢
    Company incorporated
    As ADDISTOWN LIMITED

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 80 — succession pressure is live.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

2 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HEYWOOD, Peter Ward resigned 2026-02-16; HEYWOOD, Peter Ward resigned 2026-02-16

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
Jane Elizabeth Heywood
Individual · British · DOB 12/1946 · age 80
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Peter Ward Heywoodceased 16/02/2026· 25-50% shares · 25-50% voting

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
Incorporated1989-11-07
Jurisdictionengland-wales
Primary SIC55209 — Other holiday and other collective accommodation

Registered office

Vivian House
Newham Road
Truro
Cornwall
TR1 2DP
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-22
Last: 2026-04-08

Officers (2 active · 3 resigned)

GERMAN, William Ralph Osborne→
director · ~78y · appointed 2026-04-02
View their other companies + combined net worth →
Active
HEYWOOD, Jane Elizabeth→
director · ~80y
View their other companies + combined net worth →
Active
HEYWOOD, Peter Ward→
secretary · resigned 2026-02-16
Resigned
HEYWOOD, Peter Ward→
director · ~89y · resigned 2026-02-16
Resigned
O`HARA, Vivian Gervaise→
director · ~84y · appointed 1996-04-10 · resigned 1997-02-05
Resigned

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

Mortgages & charges

10
Total charges
0
Outstanding
0
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage1 property15/04/200506/11/2020
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property10/03/200506/11/2020
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property24/07/200302/11/2005
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property24/07/200302/11/2005
satisfied
Midland Bank
Midland Bank PLC
Debenture1 property14/12/199819/11/2003
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Assignment of founder membership1 property08/01/199607/02/2003
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
General assignment2 properties08/01/199607/02/2003
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property18/05/199507/02/2003
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC.
Debenture1 property12/03/199007/02/2003
satisfied
Stephen John Kendall / Pamela Margaret Kendall
Legal charge1 property12/03/199019/08/1995

Recent filings (117 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-15
appoint-person-director-company-with-name-date
officers · AP01
2026-04-02
termination-secretary-company-with-name-termination-date
officers · TM02
2026-04-02
termination-director-company-with-name-termination-date
officers · TM01
2026-04-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28