3T'S LEISURE LTD.
📉Decliningactive
03311570 · ltd · incorporated 1997-02-03
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
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
£24.71M
year to Oct 2024
Net worth
—
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Agents specialised in the sale of other particular products
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 55300SIC 55300
Investor take
Special-situation opportunityDistressed wholesale with salvageable qualities — special-situations priority.
Opportunity 71/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 65). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (57/100).
🏦
Refinance opportunity
26 live charges · 7 lenders · oldest 26.1y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 26.1 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
26 charges (26/26 with lender, 26/26 with type)
90
Directors & officers
14 officers (4 active, 14 linked, 8 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
161 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £695,177
Revenue decline
Turnover down 24% YoY
Turnover YoY
-24%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Turnover | £24.71M | £32.42M |
| Gross profit | £4.99M | £6.07M |
| Profit before tax | £695.2k | £2.20M |
| Average employees | 6200 | 5600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (85 events)Click to expand
- 2025-12-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-15📄accounts-with-accounts-type-fullaccounts · AA
- 2024-07-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-07-26🔒Charge registered #26Lender: Hsbc UK Bank PLC
- 2024-05-15➖TAYLOR, Sylvia Pearl resigneddirector
- 2023-07-20📄accounts-with-accounts-type-fullaccounts · AA
- 2022-06-14📄accounts-with-accounts-type-fullaccounts · AA
- 2021-07-21📄accounts-with-accounts-type-fullaccounts · AA
- 2021-03-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-03-11🔓Charge satisfied #23
- 2020-12-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-11-27🔒Charge registered #25Lender: Hsbc UK Bank PLC
- 2020-08-14📄accounts-with-accounts-type-fullaccounts · AA
- 2019-12-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2019-12-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-12-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-12-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-12-09📄capital-allotment-sharescapital · SH01
- 2019-12-09📄legacycapital · SH20
- 2019-12-09📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2019-12-09⚠️legacyinsolvency · CAP-SS
- 2019-04-30➕TAYLOR, Joshua appointedsecretary
- 2019-04-30➖ANGRAVE, Nigel Gordon resignedsecretary
- 2019-04-30➖ANGRAVE, Nigel Gordon resigneddirector
- 2019-01-30🔒Charge registered #24Lender: Hsbc Bank PLC
- 2017-08-11🔓Charge satisfied #22
- 2017-08-11🔓Charge satisfied #19
- 2017-08-11🔓Charge satisfied #17
- 2017-08-11🔓Charge satisfied #16
- 2017-07-05🔓Charge satisfied #21
- 2015-04-21🔒Charge registered #23Lender: Hsbc Equipment Finance (UK) LTD
- 2015-02-24🔓Charge satisfied #20
- 2015-02-24🔓Charge satisfied #18
- 2014-01-01➕LERWILL, Adam Richard appointeddirector
- 2014-01-01➕MILSOM, Darren Brian appointeddirector
- 2012-01-11➖ANSELL, Terence John resigneddirector
- 2011-01-07🔓Charge satisfied #8
- 2011-01-07🔓Charge satisfied #7
- 2010-09-23➖TAYLOR, John Ernest resigneddirector
- 2010-06-10🔒Charge registered #22Lender: Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited
- 2010-03-22🔒Charge registered #21Lender: Hsbc Bank PLC
- 2008-07-14🔒Charge registered #20Lender: Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited
- 2008-04-16🔒Charge registered #19Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
- 2005-07-21🔒Charge registered #18Lender: Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited
- 2005-05-05🔒Charge registered #17Lender: Hsbc Invoice Finance (UK) LTD
- 2005-04-13🔓Charge satisfied #6
- 2005-04-13🔓Charge satisfied #5
- 2005-04-13🔓Charge satisfied #4
- 2005-04-13🔓Charge satisfied #3
Showing most recent 50 of 85 events
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong 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.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 29 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 high · 1 med · 1 low1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2019-12-09: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
10 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Sbl Parks & Leisure Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Sbl Parks & Leisure Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
3T'S LEISURE LTD.
This company · 03311570
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Sbl Parks & Leisure Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 21/11/2019 |
2 historic (ceased) PSCs
- Mr Michael John Taylorceased 21/11/2019· 75-100% shares
- Mr Michael John Taylorceased 21/11/2019· 75-100% shares · trust interest
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 · Wholesale & distribution · EX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 183SSNN LTD→ 15047513 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 360 LINK DESIGN TO SUPPLY LIMITED→ 05757434 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| 4MAT4MAT LTD→ 12657670 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| A & E FUEL SUPPLIES LTD→ 11467550 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| A.J. & R.PALMER LIMITED→ 01708324 · est 1983 · no financials extracted | — | — | — | — | 43y | — | — |
| AARON WILKINSON LIMITED→ 15172225 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ABSOLUTE INDUSTRIAL LIMITED→ 05948256 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ABSOLUTE MUSEUM & GALLERY PRODUCTS LTD→ 03715705 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| ACCESS ELECTRICAL (SERVICES) LIMITED→ 01084120 · est 1972 · no financials extracted | — | — | — | — | 53y | — | — |
| ACTIVE ELECTRONICS (HOLDINGS) LIMITED→ 11353042 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AEGIS TACTICAL SOLUTIONS LTD→ 16654295 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AERIALS, SATELLITES AND CABLES LIMITED→ 07800695 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1997-02-03
Jurisdictionengland-wales
Primary SIC46180 — Agents specialised in the sale of other particular products
Registered office
South West Caravan Centre
The Airfield
Winkleigh
Devon
EX19 8DW
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-01-29
Last: 2026-01-15
Officers (4 active · 10 resigned)
Active
LERWILL, Adam Richard→
Activedirector · ~49y · appointed 2014-01-01
View their other companies + combined net worth →
MILSOM, Darren Brian→
Activedirector · ~49y · appointed 2014-01-01
View their other companies + combined net worth →
TAYLOR, Michael John→
Activedirector · ~65y · appointed 1997-07-21
View their other companies + combined net worth →
ANGRAVE, Nigel Gordon→
Resignedsecretary · appointed 1999-11-01 · resigned 2019-04-30
BATTY, Robert→
Resignedsecretary · appointed 1997-07-21 · resigned 1998-09-30
TAYLOR, Michael John→
Resignedsecretary · appointed 1998-09-30 · resigned 1999-10-31
TEMPLE SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-02-03 · resigned 1997-07-21
ANGRAVE, Nigel Gordon→
Resigneddirector · ~60y · appointed 1999-11-01 · resigned 2019-04-30
ANSELL, Terence John→
Resigneddirector · ~74y · appointed 1997-07-21 · resigned 2012-01-11
BATTY, Robert→
Resigneddirector · ~73y · appointed 1997-07-21 · resigned 1998-09-30
TAYLOR, John Ernest→
Resigneddirector · ~94y · appointed 1997-07-21 · resigned 2010-09-23
TAYLOR, Sylvia Pearl→
Resigneddirector · ~93y · appointed 1997-07-21 · resigned 2024-05-15
COMPANY DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 1997-02-03 · resigned 1997-07-21
Click a director name to see their full track record across all companies.
Mortgages & charges
26
Total charges
10
Outstanding
1
Active lenders
Status:Lender:26 of 26 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 26/07/2024 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 27/11/2020 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 30/01/2019 | — | |
| satisfied | HSBC Hsbc Equipment Finance (UK) LTD / Hsbc Asset Finance (UK) LTD | A registered charge | — | 21/04/2015 | 11/03/2021 | |
| satisfied | HSBC Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited | Chattels mortgage | 1 property | 10/06/2010 | 11/08/2017 | |
| satisfied | HSBC Hsbc Bank PLC | Legal assignment | 1 property | 22/03/2010 | 05/07/2017 | |
| satisfied | HSBC Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited | Chattels mortgage | 1 property | 14/07/2008 | 24/02/2015 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) LTD ("the Security Holder") | Floating charge | 1 property | 16/04/2008 | 11/08/2017 | |
| satisfied | HSBC Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited | Chattels mortgage | 3 properties | 21/07/2005 | 24/02/2015 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) LTD | Fixed charge on purchased debts which fail to vest | 1 property | 05/05/2005 | 11/08/2017 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 09/11/2004 | 11/08/2017 | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 24/01/2002 | — | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 18/01/2002 | — | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 18/01/2002 | — | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 18/01/2002 | — | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 18/01/2002 | — | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 18/01/2002 | — | |
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 03/01/2002 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/04/2000 | 07/01/2011 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/04/2000 | 07/01/2011 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/04/2000 | 13/04/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/04/2000 | 13/04/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/04/2000 | 13/04/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/04/2000 | 13/04/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/04/2000 | 13/04/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 06/04/2000 | 13/04/2005 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (161 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-20
termination-director-company-with-name-termination-date
officers · TM01
2025-12-22
accounts-with-accounts-type-full
accounts · AA
2025-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-31
accounts-with-accounts-type-full
accounts · AA
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-17
accounts-with-accounts-type-full
accounts · AA
2023-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-06
accounts-with-accounts-type-full
accounts · AA
2022-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-16
accounts-with-accounts-type-full
accounts · AA
2021-07-21
mortgage-satisfy-charge-full
mortgage · MR04
2021-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-12-03