CLASSIC SAILING LIMITED

🌳Matureactive

03256249 · ltd · incorporated 1996-09-27

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 29.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2024

Net worth

£-43.9k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 50100

Sector: Transportation & storage

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 84). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 29.1y

85/100

ready

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

· Oldest live charge is 29.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 20/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

17 officers (4 active, 17 linked, 11 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

3 connected companies via shared directors

Filing history

122 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £43,941

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£44k

↓ 18% YoY

Current Assets

£23k

↓ 9.2% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-11-30	2023-11-30
Total assets	£-28.6k	£-14.3k
Current assets	£22.6k	£24.9k
Net assets	£-43.9k	£-37.3k

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

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 officers
• 1 persons-with-significant-control

Last 180 days

filings

• 1 confirmation-statement
• 1 officers
• 1 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (54 events)Click to expand

2026-03-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-22
➖
HUTCHINSON, Alan resigned
director
2025-11-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-03
🔓
Charge satisfied #3
2025-11-03
🔓
Charge satisfied #2
2025-10-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-20
🔓
Charge satisfied #1
2025-08-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-09
📄
legacy
miscellaneous · ANNOTATION
2024-08-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-05
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-04
📄
change-person-director-company-with-change-date
officers · CH01
2021-08-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-17
➖
PRIZEMAN, Rebecca resigned
director
2019-10-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-08-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-05-13
➖
WILLIAMS, Melissa Caroline resigned
director
2018-11-30
➕
PRIZEMAN, Rebecca appointed
director
2018-11-30
➕
WILLIAMS, Melissa Caroline appointed
director
2009-04-30
➕
PURSER, Benjamin Graham appointed
secretary
2009-04-14
➖
PURSER, Julian Edgerley resigned
director
2009-04-04
➖
PURSER, Julian Edgerley resigned
secretary
2008-10-12
➕
HUTCHINSON, Alan appointed
director
2008-10-12
➖
PEGG, Christopher Ian Watson resigned
director
2003-07-26
➖
ALLIN, Suzanne resigned
director
2003-01-19
➕
PEGG, Christopher Ian Watson appointed
director
2001-09-20
➕
ALLIN, Suzanne appointed
director
2001-09-20
➖
MILLER, Kevin Philip resigned
director
2001-09-20
➖
WESTLAKE, Roy James resigned
director
1998-11-13
🔒
Charge registered #3
Lender: Midland Bank PLC
1998-11-13
🔒
Charge registered #2
Lender: Midland Bank PLC
1997-05-13
➕
WESTLAKE, Roy James appointed
director
1997-04-18
🔒
Charge registered #1
Lender: Midland Bank PLC
1997-01-25
➕
MILLER, Kevin Philip appointed
director
1996-11-30
➕
PURSER, Benjamin Graham appointed
director
1996-11-30
➖
PURSER, Adam Diarmid resigned
secretary
1996-11-30
➕
PURSER, Julian Edgerley appointed
secretary
1996-11-30
➕
PURSER, Julian Edgerley appointed
director
1996-10-23
➕
PURSER, Adam Diarmid appointed
director
1996-10-23
➕
PURSER, Deborah Joy appointed
director
1996-10-23
➕
PURSER, Adam Diarmid appointed
secretary
1996-10-23
➖
COMBINED SECRETARIAL SERVICES LIMITED resigned
corporate-nominee-secretary
1996-10-23
➖
COMBINED NOMINEES LIMITED resigned
corporate-nominee-director
1996-10-23
➖
COMBINED SECRETARIAL SERVICES LIMITED resigned
corporate-nominee-director

Showing most recent 50 of 54 events

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 30 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 84 — 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 84 years old. Natural succession window is now.
primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 30 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Adam Diarmid Purser Individual · British · DOB 03/1949 · age 77	—	—	board controlboard control	19/09/2016

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 →

Similar companies

Active · Transport & logistics · TR postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ABACUS AND FALMOUTH TAXIS LIMITED→ 06636778 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
APOLLO EC TRURO TAXIS LTD→ 15288481 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ARCOACHES LIMITED→ 16781976 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AZAR BATRI UORMIYA CONSULTING LTD→ 16862619 · est 2025 · no financials extracted	—	—	—	—	—	—	—
COAST PATH COURIERS LTD→ 15042808 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
COASTAL STORAGE (CORNWALL) LIMITED→ 10908993 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
CONSTANTINE QUAY COMMUNITY INTEREST COMPANY→ 12834478 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
CORNISH BOAT TOURS LTD→ 14699407 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
CORNISH DREAM CHARTERS LIMITED→ 07972073 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
CORNISH SAILING ACADEMY LTD→ 16146637 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
CORNWALL AUTORIDES LTD→ 16841965 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CORNWALL CABS LTD→ 11289357 · est 2018 · no financials extracted	—	—	—	—	8y	—	—

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

Incorporated1996-09-27

Jurisdictionengland-wales

Primary SIC50100 — SIC 50100

Registered office

Mermaids

St Mawes

Truro

Cornwall

TR2 5AA

Filing status

Accounts

Next due: 2026-08-31

Last made up to: 2024-11-30

Confirmation statement

Next due: 2027-01-28

Last: 2026-01-14

Officers (4 active · 13 resigned)

PURSER, Benjamin Graham→

secretary · appointed 2009-04-30

View their other companies + combined net worth →

Active

PURSER, Adam Diarmid→

director · ~77y · appointed 1996-10-23

View their other companies + combined net worth →

Active

PURSER, Benjamin Graham→

director · ~84y · appointed 1996-11-30

View their other companies + combined net worth →

Active

PURSER, Deborah Joy→

director · ~61y · appointed 1996-10-23

View their other companies + combined net worth →

Active

PURSER, Adam Diarmid→

secretary · appointed 1996-10-23 · resigned 1996-11-30

Resigned

PURSER, Julian Edgerley→

secretary · appointed 1996-11-30 · resigned 2009-04-04

Resigned

COMBINED SECRETARIAL SERVICES LIMITED→

corporate-nominee-secretary · appointed 1996-09-27 · resigned 1996-10-23

Resigned

ALLIN, Suzanne→

director · ~65y · appointed 2001-09-20 · resigned 2003-07-26

Resigned

HUTCHINSON, Alan→

director · ~67y · appointed 2008-10-12 · resigned 2026-01-22

Resigned

MILLER, Kevin Philip→

director · ~80y · appointed 1997-01-25 · resigned 2001-09-20

Resigned

PEGG, Christopher Ian Watson→

director · ~78y · appointed 2003-01-19 · resigned 2008-10-12

Resigned

PRIZEMAN, Rebecca→

director · ~37y · appointed 2018-11-30 · resigned 2019-10-17

Resigned

PURSER, Julian Edgerley→

director · ~86y · appointed 1996-11-30 · resigned 2009-04-14

Resigned

WESTLAKE, Roy James→

director · ~81y · appointed 1997-05-13 · resigned 2001-09-20

Resigned

WILLIAMS, Melissa Caroline→

director · ~41y · appointed 2018-11-30 · resigned 2019-05-13

Resigned

COMBINED NOMINEES LIMITED→

corporate-nominee-director · appointed 1996-09-27 · resigned 1996-10-23

Resigned

COMBINED SECRETARIAL SERVICES LIMITED→

corporate-nominee-director · appointed 1996-09-27 · resigned 1996-10-23

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
satisfied	Midland Bank Midland Bank PLC	Deed of covenants	1 property	13/11/1998	03/11/2025
satisfied	Midland Bank Midland Bank PLC	Mortgage of a ship	2 properties	13/11/1998	03/11/2025
satisfied	Midland Bank Midland Bank PLC	Fixed and floating charge	1 property	18/04/1997	20/10/2025

Recent filings (122 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-16

termination-director-company-with-name-termination-date

officers · TM01

2026-03-16

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-03-16

mortgage-satisfy-charge-full

mortgage · MR04

2025-11-03

mortgage-satisfy-charge-full

mortgage · MR04

2025-11-03

mortgage-satisfy-charge-full

mortgage · MR04

2025-10-20

accounts-with-accounts-type-micro-entity

accounts · AA

2025-08-21

confirmation-statement-with-updates

confirmation-statement · CS01

2025-01-15

legacy

miscellaneous · ANNOTATION

2025-01-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-10-10

accounts-with-accounts-type-micro-entity

accounts · AA

2024-08-28

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2024-06-05

confirmation-statement-with-updates

confirmation-statement · CS01

2023-10-11

accounts-with-accounts-type-micro-entity

accounts · AA

2023-08-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-27