LEISURE SPARES LTD

🌳Matureactive
03916771 · ltd · incorporated 2000-01-31
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£424.2k
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 45310
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 68-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (73/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 26.0y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 26.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
11 officers (4 active, 11 linked, 8 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
92 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 declared
Positive net assets
Net assets £424,225
Net assets shrinking
Down £61,687 YoY
Cash draining
Cash down 53% YoY
Cash YoY
-53%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£92k
↓ 53% YoY
Net Worth
£424k
↓ 13% YoY
Current Assets
£529k
↓ 15% YoY
Current Liabilities
—
£0£124k£248k£373k£497k£621kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£427.2k£499.1k
Current assets£529.2k£620.9k
Cash£91.7k£196.4k
Debtors£245.7k£248.9k
Net assets£424.2k£485.9k

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
0
filings
Last 90 days
1
filing
  • • 1 address
Last 180 days
2
filings
  • • 1 address
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-04-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-01-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-05-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-02-23
    ➕
    WELLS, Sandra appointed
    director
  9. 2021-02-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2021-02-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2021-02-16
    🔓
    Charge satisfied #2
  12. 2020-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-05-15
    ➕
    WELLS, Kevin John appointed
    secretary
  15. 2018-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2018-05-15
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  17. 2018-05-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2018-05-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2018-05-15
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  20. 2018-05-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2018-04-06
    🔓
    Charge satisfied #1
  22. 2018-03-14
    ➖
    HOWARD, Roger George resigned
    secretary
  23. 2018-03-14
    ➖
    BANNARD, Michael Christopher resigned
    director
  24. 2018-03-14
    ➖
    HOWARD, Roger George resigned
    director
  25. 2018-03-14
    🔒
    Charge registered #2
    Lender: Michael Christopher Bannard
  26. 2016-03-15
    ➕
    WATSON, Keith appointed
    director
  27. 2012-12-24
    ➕
    WELLS, Kevin John appointed
    director
  28. 2012-12-24
    ➖
    WATSON, Keith resigned
    director
  29. 2010-08-02
    ➕
    WATSON, Keith appointed
    director
  30. 2009-03-03
    ➖
    EDGAR, Lindsay Clark resigned
    director
  31. 2000-05-26
    🔒
    Charge registered #1
    Lender: Yorkshire Bank PLC
  32. 2000-05-22
    ➖
    COLLIER, Jean resigned
    secretary
  33. 2000-05-22
    ➕
    HOWARD, Roger George appointed
    secretary
  34. 2000-05-22
    ➕
    BANNARD, Michael Christopher appointed
    director
  35. 2000-05-22
    ➕
    EDGAR, Lindsay Clark appointed
    director
  36. 2000-05-22
    ➕
    HOWARD, Roger George appointed
    director
  37. 2000-05-22
    ➖
    RIDGE, Anthony Peter resigned
    director
  38. 2000-01-31
    🏢
    Company incorporated
    As LEISURE SPARES LTD
  39. 2000-01-31
    ➕
    COLLIER, Jean appointed
    secretary
  40. 2000-01-31
    ➕
    RIDGE, Anthony Peter appointed
    director

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
  • +Founder age: Director aged approximately 68 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

73/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 13 years.
  • secondaryStable-but-static management: Company is 26 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Kjw Leisure Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Kjw Leisure Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
LEISURE SPARES LTD
This company · 03916771

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%
NameSharesVoting rightsNature of controlNotified
Kjw Leisure Limited
Corporate entity
75–100%
—75-100% shares14/03/2018
2 historic (ceased) PSCs
  • Mr Michael Christopher Bannardceased 14/03/2018· 50-75% shares
  • Mr Roger George Howardceased 14/03/2018· 25-50% shares

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 →

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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
Incorporated2000-01-31
Jurisdictionengland-wales
Primary SIC45310 — SIC 45310

Registered office

Unit 7 - 7a Bar Lane
Roecliffe
York
YO51 9NR
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-12-11
Last: 2025-11-27

Officers (4 active · 7 resigned)

WELLS, Kevin John→
secretary · appointed 2018-05-15
View their other companies + combined net worth →
Active
WATSON, Keith→
director · ~68y · appointed 2016-03-15
View their other companies + combined net worth →
Active
WELLS, Kevin John→
director · ~65y · appointed 2012-12-24
View their other companies + combined net worth →
Active
WELLS, Sandra→
director · ~59y · appointed 2021-02-23
View their other companies + combined net worth →
Active
COLLIER, Jean→
secretary · appointed 2000-01-31 · resigned 2000-05-22
Resigned
HOWARD, Roger George→
secretary · appointed 2000-05-22 · resigned 2018-03-14
Resigned
BANNARD, Michael Christopher→
director · ~79y · appointed 2000-05-22 · resigned 2018-03-14
Resigned
EDGAR, Lindsay Clark→
director · ~63y · appointed 2000-05-22 · resigned 2009-03-03
Resigned
HOWARD, Roger George→
director · ~72y · appointed 2000-05-22 · resigned 2018-03-14
Resigned
RIDGE, Anthony Peter→
director · ~83y · appointed 2000-01-31 · resigned 2000-05-22
Resigned
WATSON, Keith→
director · ~68y · appointed 2010-08-02 · resigned 2012-12-24
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Michael Christopher Bannard / Roger George Howard
A registered charge1 property14/03/201816/02/2021
satisfied
Virgin Money
Yorkshire Bank PLC
Debenture1 property26/05/200006/04/2018

Recent filings (92 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-23
change-person-director-company-with-change-date
officers · CH01
2026-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-21
appoint-person-director-company-with-name-date
officers · AP01
2021-02-23
mortgage-satisfy-charge-full
mortgage · MR04
2021-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-18