ARMSTRONG REIVER BBS LTD

🌳Matureactive
03969541 · ltd · incorporated 2000-04-11
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£3.98M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 74-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 74). 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

3 live charges · 3 lenders · oldest 22.1y

35/100
too messy

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

  • · Oldest live charge is 22.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 8 with DOB)
83
Ownership & PSC
3 active PSC(s) of 5 total, 5 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
113 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
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 £3,982,471
Cash YoY
+1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£803k
~ YoY
Net Worth
£4.0m
↑ 2.5% YoY
Current Assets
£3.3m
~ YoY
Current Liabilities
—
£0£796k£1.6m£2.4m£3.2m£4.0mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£3.98M£3.88M
Current assets£3.29M£3.27M
Cash£802.7k£795.2k
Debtors£2.48M£2.47M
Net assets£3.98M£3.88M

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
1
filing
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (46 events)Click to expand
  1. 2026-01-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-01-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-12-11
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC (Trading as Virgin Money)
  5. 2025-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-08-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-08-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-08-06
    ➖
    BESSANT, Rachel Kate resigned
    director
  10. 2024-08-06
    ➖
    ROYLE, Julie Margaret Reem resigned
    director
  11. 2024-03-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2024-03-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2024-03-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2024-03-13
    ➕
    ARMSTRONG, Mark Thomas appointed
    director
  15. 2024-03-13
    ➕
    LLOYD, John Barry appointed
    director
  16. 2024-03-13
    ➕
    POTTS, Janice Mary appointed
    director
  17. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2023-10-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2023-10-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2023-10-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2023-10-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2022-08-18
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  24. 2022-01-19
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  25. 2022-01-19
    ✏️
    change-of-name-notice
    change-of-name · CONNOT
  26. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2020-08-11
    ➖
    ARMSTRONG, Philip Richard resigned
    director
  28. 2020-07-21
    ➕
    BESSANT, Rachel Kate appointed
    director
  29. 2020-07-21
    ➕
    ROYLE, Julie Margaret Reem appointed
    director
  30. 2018-02-28
    ➖
    ARMSTRONG, Melanie resigned
    secretary
  31. 2018-02-28
    ➖
    ARMSTRONG, Melanie resigned
    director
  32. 2013-05-22
    🔓
    Charge satisfied #1
  33. 2010-06-18
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  34. 2005-05-24
    ➖
    ARMSTRONG, Fiona resigned
    secretary
  35. 2005-05-24
    ➕
    ARMSTRONG, Melanie appointed
    secretary
  36. 2005-05-24
    ➕
    ARMSTRONG, Melanie appointed
    director
  37. 2004-04-06
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Bank PLC
  38. 2004-04-04
    ➖
    REEVE, Malcolm John resigned
    director
  39. 2001-04-30
    ➕
    REEVE, Malcolm John appointed
    director
  40. 2000-04-17
    ➕
    ARMSTRONG, Fiona appointed
    secretary
  41. 2000-04-17
    ➖
    YORK PLACE COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  42. 2000-04-17
    ➕
    ARMSTRONG, Philip Richard appointed
    director
  43. 2000-04-17
    ➖
    YORK PLACE COMPANY NOMINEES LIMITED resigned
    corporate-nominee-director
  44. 2000-04-11
    🏢
    Company incorporated
    As ARMSTRONG REIVER BBS LTD
  45. 2000-04-11
    ➕
    YORK PLACE COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  46. 2000-04-11
    ➕
    YORK PLACE COMPANY NOMINEES LIMITED appointed
    corporate-nominee-director

Owner dependency

80/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Founder name in company name: Company name contains director surname "ARMSTRONG" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.

Red flags

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr John Barry Lloyd
Individual · British · DOB 10/1952 · age 74
——sig. influencesignificant influence03/11/2020
Mr Mark Thomas Armstrong
Individual · British · DOB 01/1968 · age 58
——sig. influencesignificant influence13/10/2020
Ms Janice Mary Potts
Individual · British · DOB 03/1961 · age 65
——sig. influencesignificant influence13/10/2020
2 historic (ceased) PSCs
  • Mr Barry Lloydceased 03/11/2020· significant influence
  • Mr Philip Richard Armstrongceased 26/07/2020· 75-100% 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
Incorporated2000-04-11
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Randalinton Farm Sandysike
Longtown
Carlisle
CA6 5SX
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-18
Last: 2026-04-04

Officers (3 active · 9 resigned)

ARMSTRONG, Mark Thomas→
director · ~58y · appointed 2024-03-13
View their other companies + combined net worth →
Active
LLOYD, John Barry→
director · ~74y · appointed 2024-03-13
View their other companies + combined net worth →
Active
POTTS, Janice Mary→
director · ~65y · appointed 2024-03-13
View their other companies + combined net worth →
Active
ARMSTRONG, Fiona→
secretary · appointed 2000-04-17 · resigned 2005-05-24
Resigned
ARMSTRONG, Melanie→
secretary · appointed 2005-05-24 · resigned 2018-02-28
Resigned
YORK PLACE COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2000-04-11 · resigned 2000-04-17
Resigned
ARMSTRONG, Melanie→
director · ~57y · appointed 2005-05-24 · resigned 2018-02-28
Resigned
ARMSTRONG, Philip Richard→
director · ~62y · appointed 2000-04-17 · resigned 2020-08-11
Resigned
BESSANT, Rachel Kate→
director · ~40y · appointed 2020-07-21 · resigned 2024-08-06
Resigned
REEVE, Malcolm John→
director · ~75y · appointed 2001-04-30 · resigned 2004-04-04
Resigned
ROYLE, Julie Margaret Reem→
director · ~70y · appointed 2020-07-21 · resigned 2024-08-06
Resigned
YORK PLACE COMPANY NOMINEES LIMITED→
corporate-nominee-director · appointed 2000-04-11 · resigned 2000-04-17
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money)
A registered charge1 property11/12/2025—
outstanding
Virgin Money
Clydesdale Bank PLC
Debenture1 property18/06/2010—
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture deed1 property06/04/200422/05/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (113 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
termination-director-company-with-name-termination-date
officers · TM01
2024-08-19
termination-director-company-with-name-termination-date
officers · TM01
2024-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-10
appoint-person-director-company-with-name-date
officers · AP01
2024-03-26
appoint-person-director-company-with-name-date
officers · AP01
2024-03-25
appoint-person-director-company-with-name-date
officers · AP01
2024-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-09