CASTLEMATTER LIMITED
💤Zombieactive
03663062 · ltd · incorporated 1998-11-06
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£3.08M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 52101
Sector: Transportation & storage
Investor take
PursueActive trading company with a 80-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -44% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 26.6y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 26.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
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 £3,077,218
Net assets shrinking
Down £440,888 YoY
Cash draining
Cash down 44% YoY
Cash YoY
-44%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£672k
↓ 44% YoY
Net Worth
£3.1m
↓ 13% YoY
Current Assets
—
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 |
|---|---|---|
| Cash | £672.4k | £1.20M |
| Net assets | £3.08M | £3.52M |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2019-11-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2019-11-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-11-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-11-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2018-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2016-12-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 1999-10-22🔒Charge registered #1Lender: Barclays Bank PLC
- 1998-11-23➕PENNINGTON, Anthea Susan appointedsecretary
- 1998-11-23➕WEBB, Michael Arthur appointeddirector
- 1998-11-23➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 1998-11-23➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
- 1998-11-06🏢Company incorporatedAs CASTLEMATTER LIMITED
- 1998-11-06➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 1998-11-06➕INSTANT COMPANIES LIMITED appointedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong 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.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 28 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Michael Arthur Webb Individual · British · DOB 12/1946 · age 80 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 15/11/2019 |
1 historic (ceased) PSC
- Cays Marine & Leisure Corpceased 15/11/2019· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| A2B TAXIS NEWQUAY LIMITED→ 11064997 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 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 | — | — | — | — | — | — | — |
| BARNABUS LTD→ 16243421 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BLISS TO BE LTD→ 15953931 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CLASSIC SAILING LIMITED→ 03256249 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| COAST PATH COURIERS LTD→ 15042808 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| COASTAL STORAGE (CORNWALL) LIMITED→ 10908993 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| COMMERCIAL RELOCATION SERVICES LIMITED→ 07564089 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| CONSTANTINE QUAY BOATYARD LIMITED→ 11195427 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1998-11-06
Jurisdictionengland-wales
Primary SIC52101 — SIC 52101
Registered office
C/O Bishop Fleming
Chy Nyverow Newham Road
Truro
Cornwall
TR1 2DP
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-19
Last: 2025-11-05
Officers (2 active · 2 resigned)
PENNINGTON, Anthea Susan→
Activesecretary · appointed 1998-11-23
View their other companies + combined net worth →
WEBB, Michael Arthur→
Activedirector · ~80y · appointed 1998-11-23
View their other companies + combined net worth →
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-11-06 · resigned 1998-11-23
INSTANT COMPANIES LIMITED→
Resignedcorporate-nominee-director · appointed 1998-11-06 · resigned 1998-11-23
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 | Barclays Barclays Bank PLC | Legal charge | 1 property | 22/10/1999 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (70 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-03
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2019-11-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2019-11-18