SWANAGE LIMITED
🌳Matureactive
04063428 · ltd · incorporated 2000-09-01
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
£-236.2k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
14 live charges · 9 lenders · oldest 24.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 24.4 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · 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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
98 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £236,244
Cash draining
Cash down 82% YoY
Cash YoY
-82%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£108k
↓ 82% YoY
Net Worth
-£236k
↑ 17% YoY
Current Assets
£293k
↓ 56% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £68.3k | £18.2k |
| Current assets | £292.8k | £658.2k |
| Cash | £108.2k | £601.2k |
| Debtors | £146.3k | £18.7k |
| Net assets | £-236.2k | £-286.3k |
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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
- 2025-12-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-03-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-03-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-08-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-20🔒Charge registered #14Lender: Business Lending Residential Funding 3 Limited
- 2021-03-31📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2021-03-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-11-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-02-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-28🔒Charge registered #13Lender: Shawbrook Bank Limited
- 2020-01-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-25➕SCALES, Adam Frederick appointeddirector
- 2019-04-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-03-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-03-12🔓Charge satisfied #11
- 2019-02-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-02-19🔒Charge registered #12Lender: Interbay Funding, LTD.
- 2019-02-13📄capital-allotment-sharescapital · SH01
- 2018-12-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-13🔓Charge satisfied #9
- 2018-04-09🔒Charge registered #11Lender: United Trust Bank Limited
- 2018-01-23🔓Charge satisfied #10
- 2018-01-23🔓Charge satisfied #8
- 2018-01-23🔓Charge satisfied #3
- 2017-09-24➖SCALES, Adam Frederick resigneddirector
- 2013-11-14➕SCALES, Adam Frederick appointeddirector
- 2010-01-10➖HART, Jeffrey resigneddirector
- 2007-06-15🔒Charge registered #10Lender: Lloyds Tsb Bank PLC
- 2007-02-17🔓Charge satisfied #2
- 2007-02-17🔓Charge satisfied #1
- 2007-01-10🔒Charge registered #9Lender: Capital Home Loans Limited
- 2006-07-19🔒Charge registered #8Lender: Lloyds Tsb Bank PLC
- 2006-06-14🔓Charge satisfied #7
- 2006-06-14🔓Charge satisfied #5
- 2006-06-14🔓Charge satisfied #4
- 2006-03-16➖BARRATT, Robert resigneddirector
- 2005-12-30🔓Charge satisfied #6
- 2005-12-13➕BARRATT, Robert appointeddirector
- 2005-10-25➕SCALES, John appointeddirector
- 2003-11-21🔒Charge registered #7Lender: Anthony Graham Barnes and Nicholas William James
- 2003-11-21🔒Charge registered #6Lender: Anthony Graham Barnes and Nicholas William James
- 2003-11-21🔒Charge registered #5Lender: Barclays Bank PLC
- 2003-08-13🔒Charge registered #4Lender: Barclays Bank PLC
- 2003-06-11🔒Charge registered #3Lender: Barclays Bank PLC
- 2002-01-10🔒Charge registered #2Lender: Woolwich PLC
- 2002-01-10🔒Charge registered #1Lender: Woolwich PLC
- 2000-09-11➕SCALES, John appointedsecretary
- 2000-09-11➖BRISTOL LEGAL SERVICES LIMITED resignedcorporate-nominee-secretary
Showing most recent 50 of 55 events
Owner dependency
91/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 74 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
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 74 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple 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 →Similar companies
Active · Construction · TN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 THE DRIVE DEVELOPMENTS LTD→ 15157107 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 19 BTR LIMITED→ 11588357 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 2 CHUMS LIMITED→ 10907464 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 5H RENEWABLE ENERGY LTD→ 10060419 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 69 HIGH STREET HYTHE LIMITED→ 10225923 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A BETTER CHOICE FOR PROPERTY DEVELOPMENT LIMITED→ 11668091 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| A&B PROJECTS LIMITED→ 13384216 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AAAEI CONSTRUCTION LTD→ 09275202 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AAC GROUP LIMITED→ 10617977 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AB AGACI FLOORING LTD→ 14538818 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AB ROOFING AND BUILDING LTD→ 13333561 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AB STAN’S HEATING LIMITED→ 16339359 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2000-09-01
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
Omenden
Cot Lane
Biddenden
Kent
TN27 8JD
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01
Officers (3 active · 5 resigned)
Active
SCALES, Adam Frederick→
Activedirector · ~43y · appointed 2019-04-25
View their other companies + combined net worth →
SCALES, John→
Activedirector · ~74y · appointed 2005-10-25
View their other companies + combined net worth →
BRISTOL LEGAL SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-09-01 · resigned 2000-09-11
BARRATT, Robert→
Resigneddirector · ~61y · appointed 2005-12-13 · resigned 2006-03-16
HART, Jeffrey→
Resigneddirector · ~65y · appointed 2000-09-11 · resigned 2010-01-10
SCALES, Adam Frederick→
Resigneddirector · ~43y · appointed 2013-11-14 · resigned 2017-09-24
BOURSE NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2000-09-01 · resigned 2000-09-11
Click a director name to see their full track record across all companies.
Mortgages & charges
14
Total charges
3
Outstanding
3
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Business Lending Residential Funding 3 Business Lending Residential Funding 3 Limited | A registered charge | 1 property | 20/08/2021 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 28/02/2020 | — | |
| outstanding | InterBay Interbay Funding, LTD. | A registered charge | 2 properties | 19/02/2019 | — | |
| satisfied | United Trust Bank United Trust Bank Limited | A registered charge | 3 properties | 09/04/2018 | 12/03/2019 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage deed | 1 property | 15/06/2007 | 23/01/2018 | |
| satisfied | Capital Home Loans Capital Home Loans Limited | Deed of charge | 1 property | 10/01/2007 | 13/04/2018 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 19/07/2006 | 23/01/2018 | |
| satisfied | Anthony Graham Barnes and Nicholas William James | Legal charge | 1 property | 21/11/2003 | 14/06/2006 | |
| satisfied | Anthony Graham Barnes and Nicholas William James | Legal charge | 1 property | 21/11/2003 | 30/12/2005 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 21/11/2003 | 14/06/2006 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 13/08/2003 | 14/06/2006 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 11/06/2003 | 23/01/2018 | |
| satisfied | Woolwich Woolwich PLC | Mortgage | 1 property | 10/01/2002 | 17/02/2007 | |
| satisfied | Woolwich Woolwich PLC | Floating charge | 1 property | 10/01/2002 | 17/02/2007 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (98 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-08-23
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2021-03-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-02