ON TAP (SOUTH WEST) LIMITED
🌳Matureactive
03514547 · ltd · incorporated 1998-02-20
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 27.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£309.2k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 36000
Sector: Water supply & waste
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 80/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 27.3y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 27.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
112 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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £309,242
Cash YoY
+25%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£171k
↑ 25% YoY
Net Worth
£309k
↑ 32% YoY
Current Assets
£338k
↑ 4.7% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £328.5k | £246.7k |
| Current assets | £337.7k | £322.5k |
| Cash | £170.9k | £136.6k |
| Debtors | £62.3k | £54.0k |
| Net assets | £309.2k | £233.5k |
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
3
filings
- • 2 officers
- • 1 confirmation-statement
Last 180 days
3
filings
- • 2 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2026-03-25📄change-person-director-companyofficers · CH01
- 2026-03-24📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-08-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-04-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-10-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-21➕DAVIS, Helen Jane appointeddirector
- 2023-05-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-06➖LOMAX, Jolyon Martyn resigneddirector
- 2023-03-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-03-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-13📄resolutionresolution · RESOLUTIONS
- 2023-02-09📄capital-allotment-sharescapital · SH01
- 2022-08-05📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-08-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-04📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-17📄capital-allotment-sharescapital · SH01
- 2017-02-01➖LOMAX, Simon resigneddirector
- 2013-03-22➕DAVIS, Adrian appointeddirector
- 2013-03-22➖JACKSON, Abigail Louise resigneddirector
- 2011-07-14➕JACKSON, Abigail Louise appointeddirector
- 2011-07-14➕LOMAX, Simon appointeddirector
- 2011-04-29➖LOMAX, Anne Carolyn resignedsecretary
- 2001-01-31➖BULLEN, Steve resigneddirector
- 2001-01-26➖ACHARD, Clive Robert resignedsecretary
- 2001-01-26➕LOMAX, Anne Carolyn appointedsecretary
- 2001-01-26➖ACHARD, Clive Robert resigneddirector
- 2000-10-19➕BULLEN, Steve appointeddirector
- 1999-03-18🔒Charge registered #1Lender: Lloyds Bank PLC
- 1998-02-20🏢Company incorporatedAs ON TAP (SOUTH WEST) LIMITED
- 1998-02-20➕ACHARD, Clive Robert appointedsecretary
- 1998-02-20➕BRIGHTON SECRETARY LIMITED appointedcorporate-nominee-secretary
- 1998-02-20➖BRIGHTON SECRETARY LIMITED resignedcorporate-nominee-secretary
- 1998-02-20➕ACHARD, Clive Robert appointeddirector
- 1998-02-20➕LOMAX, Jolyon Martyn appointeddirector
- 1998-02-20➕BRIGHTON DIRECTOR LIMITED appointedcorporate-nominee-director
- 1998-02-20➖BRIGHTON DIRECTOR LIMITED resignedcorporate-nominee-director
Owner dependency
74/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
On Tap Holdings (South West) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
On Tap Holdings (South West) Limited
Corporate parent · holds 75-100% shares
⬇
ON TAP (SOUTH WEST) LIMITED
This company · 03514547
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 |
|---|---|---|---|---|
On Tap Holdings (South West) Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 14/03/2023 |
2 historic (ceased) PSCs
- Mr Adrian Davisceased 19/12/2023· 25-50% shares · 25-50% voting
- Mr Jolyon Martyn Lomaxceased 14/03/2023· 50-75% shares · 50-75% 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
6 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
Incorporated1998-02-20
Jurisdictionengland-wales
Primary SIC36000 — SIC 36000
Registered office
22 Wessex Park Bancombe Business Estate
Somerton
Somerset
TA11 6SB
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-28
Last: 2026-03-14
Officers (2 active · 9 resigned)
DAVIS, Adrian→
Activedirector · ~55y · appointed 2013-03-22
View their other companies + combined net worth →
DAVIS, Helen Jane→
Activedirector · ~61y · appointed 2023-09-21
View their other companies + combined net worth →
ACHARD, Clive Robert→
Resignedsecretary · appointed 1998-02-20 · resigned 2001-01-26
LOMAX, Anne Carolyn→
Resignedsecretary · appointed 2001-01-26 · resigned 2011-04-29
BRIGHTON SECRETARY LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-02-20 · resigned 1998-02-20
ACHARD, Clive Robert→
Resigneddirector · ~75y · appointed 1998-02-20 · resigned 2001-01-26
BULLEN, Steve→
Resigneddirector · ~55y · appointed 2000-10-19 · resigned 2001-01-31
JACKSON, Abigail Louise→
Resigneddirector · ~51y · appointed 2011-07-14 · resigned 2013-03-22
LOMAX, Jolyon Martyn→
Resigneddirector · ~76y · appointed 1998-02-20 · resigned 2023-04-06
LOMAX, Simon→
Resigneddirector · ~47y · appointed 2011-07-14 · resigned 2017-02-01
BRIGHTON DIRECTOR LIMITED→
Resignedcorporate-nominee-director · appointed 1998-02-20 · resigned 1998-02-20
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Debenture deed | 1 property | 18/03/1999 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (112 total)
change-person-director-company
officers · CH01
2026-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-24
change-person-director-company-with-change-date
officers · CH01
2026-03-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-07-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-04-03
appoint-person-director-company-with-name-date
officers · AP01
2023-10-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-02
termination-director-company-with-name-termination-date
officers · TM01
2023-05-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-03-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-14