CARN BREA LEISURE CENTRE TRUST

🌳Matureactive

03896891 · private-limited-guarant-nsc-limited-exemption · incorporated 1999-12-15

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Operation of sports facilities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 5 lenders · oldest 26.1y

35/100

too messy

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

· Oldest live charge is 26.1 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: low (51/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

48 officers (10 active, 48 linked, 44 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

6 connected companies via shared directors

Filing history

175 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

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.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 2 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (115 events)Click to expand

2026-02-03
📄
second-filing-of-director-appointment-with-name
officers · RP04AP01
2026-01-16
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-16
📄
accounts-with-accounts-type-group
accounts · AA
2025-07-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-26
➕
JAMES, Jamie appointed
director
2025-02-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-30
➕
CROCKER, Rae appointed
director
2025-01-30
➕
JAMES, Jason Harvey Stuart appointed
director
2025-01-30
➕
MURRAY, Justin Ross appointed
director
2024-12-24
📄
accounts-with-accounts-type-group
accounts · AA
2024-11-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-24
➖
BEECHING, Richard resigned
director
2024-09-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-08-29
➖
SMITH, Naomi resigned
director
2024-02-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-25
➕
BATEMAN, Luke Samuel appointed
director
2024-01-25
➕
ROWE, Jason appointed
director
2024-01-25
➖
MOYLE, Malcolm John resigned
director
2024-01-11
📄
accounts-with-accounts-type-group
accounts · AA
2023-09-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-09-06
➖
MAY, Linda resigned
director
2023-05-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-30
➖
PRICE, David Harry resigned
director
2023-01-26
➕
PASCOE, Anna Kerensa appointed
director
2022-12-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-19
📄
accounts-with-accounts-type-group
accounts · AA
2022-01-27
➕
MAY, Linda appointed
director
2022-01-27
➕
SMITH, Naomi appointed
director
2022-01-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-24
➖
MCMELLON, Christopher John resigned
director
2020-01-30
➕
MCMELLON, Christopher John appointed
director
2019-10-31
➖
WOODS, Robert resigned
director
2019-01-10
➖
SALMON, Clare resigned
director
2018-11-01
➖
SMITH, Mark Terrance resigned
director
2017-11-02
➖
CORMACK, Janet Elizabeth resigned
secretary
2017-11-02
➖
CORMACK, Janet Elizabeth resigned
director
2017-11-02
➕
PRICE, David Harry appointed
director
2017-03-22
🔒
Charge registered #5
Lender: The Cornwall Council
2017-03-22
🔒
Charge registered #4
Lender: The English Sports Council
2017-02-02
🔓
Charge satisfied #2
2017-02-02
🔓
Charge satisfied #1
2015-11-02
🔒
Charge registered #3
Lender: Big Issue Invest Limited
2015-10-29
➕
HUNTER, Christopher George appointed
director
2015-10-29
➕
BEECHING, Richard appointed
director

Showing most recent 50 of 115 events

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

-10 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 81 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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 81 years old. Natural succession window is now.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
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.

🔒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 →

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ALFRESCO DISCO EVENTS LIMITED→ 09152910 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
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ALLWRITE LTD→ 11012594 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ALPINE STUNTS LIMITED→ 14637863 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
ALTURA TRAVEL LTD→ 17057581 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ANZCRO (UK) LIMITED→ 04009961 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
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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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated1999-12-15

Jurisdictionengland-wales

Primary SIC93110 — Operation of sports facilities

Registered office

Carn Brea Leisure Centre Trust Station Road

Pool

Redruth

Cornwall

TR15 3QS

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-29

Last: 2025-12-15