ATLANTIC CONVERSIONS LTD

🚨Distressedactive

04273723 · ltd · incorporated 2001-08-20

Investment thesis

Attractive distress candidate — real problems but workable structure.

Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.

Why risky: Signals worsening; needs speed and capital discipline.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2024

Net worth

£-568

book net assets

Opportunity

68/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 45/100. Strong seller-intent signal (65/100, director aged 62). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

9 live charges · 2 lenders · oldest 24.2y

30/100

under pressure

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

· Oldest live charge is 24.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· 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

Lenders & charges

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

7 officers (3 active, 7 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

83 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

68/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £568

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£568

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-03-31	2023-03-31
Total assets	£-568	—
Net assets	£-568	—

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

filings

Last 90 days

filing

• 1 gazette

Last 180 days

filing

• 1 gazette

Counts from Companies House filing history.

Corporate timeline (36 events)Click to expand

2026-05-26
📄
gazette-notice-compulsory
gazette · GAZ1
2024-12-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-23
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-03-30
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-03-20
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-01-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-09
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-15
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2016-12-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-25
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2015-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2015-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2010-02-01
➕
CLOHESSY, Petra appointed
director
2008-07-04
➕
CLOHESSY, Petra appointed
secretary
2008-07-04
➖
TEDDS, Susan resigned
secretary
2006-03-31
🔒
Charge registered #9
Lender: Mortgage Express
2003-07-11
🔒
Charge registered #8
Lender: Mortgage Express
2003-04-10
➖
CLOHESSY, Carol Patricia resigned
secretary
2003-04-10
➕
TEDDS, Susan appointed
secretary
2003-02-06
🔒
Charge registered #7
Lender: The Royal Bank of Scotland PLC
2002-11-08
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC
2002-08-30
🔒
Charge registered #5
Lender: The Royal Bank of Scotland PLC
2002-07-19
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
2002-07-11
➕
CLOHESSY, Carol Patricia appointed
secretary
2002-07-11
➖
CLOHESSY, Jayne resigned
secretary
2002-05-30
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2002-05-30
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2002-04-29
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2001-08-21
➕
CLOHESSY, Jayne appointed
secretary
2001-08-21
➖
WHITE ROSE FORMATIONS LIMITED resigned
corporate-nominee-secretary
2001-08-20
🏢
Company incorporated
As ATLANTIC CONVERSIONS LTD
2001-08-20
➕
CLOHESSY, Mark appointed
director
2001-08-20
➕
WHITE ROSE FORMATIONS LIMITED appointed
corporate-nominee-secretary

Owner dependency

84/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

71/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 low

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

9 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Mark Clohessy Individual · British · DOB 12/1964 · age 62	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Construction · TR postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A TRUSCOTT CARPENTRY LTD→ 12069919 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ALLRISE SCAFFOLDING LTD→ 14633070 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
APPLE TREE HOMES LTD→ 11286865 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
ARNAM CONSULTING SERVICES LIMITED→ 09898224 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
ARNELL CONSTRUCTION LTD→ 11696508 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ASH KERNOW QAG LIMITED→ 16781147 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ASHBARRY MARINE LTD→ 10133379 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
ASPECT BUILD LIMITED→ 12761957 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
ATG PLUMBING & HEATING LTD→ 11605549 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ATLANTIC DEVELOPMENTS (PENWITH) LTD→ 11595734 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ATLANTIC HOT TUBS LTD→ 15736637 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ATLANTIC POOLS LIMITED→ 05511762 · est 2005 · no financials extracted	—	—	—	—	20y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2001-08-20

Jurisdictionengland-wales

Primary SIC41100 — Development of building projects

Registered office

101 Pentire Avenue

Newquay

Cornwall

TR7 1PF

Filing status

Accounts

Next due: 2026-03-31OVERDUE

Last made up to: 2024-03-31

Confirmation statement

Next due: 2026-09-19

Last: 2025-09-05

Officers (3 active · 4 resigned)

CLOHESSY, Petra→

secretary · appointed 2008-07-04

View their other companies + combined net worth →

Active

CLOHESSY, Mark→

director · ~62y · appointed 2001-08-20

View their other companies + combined net worth →

Active

CLOHESSY, Petra→

director · ~56y · appointed 2010-02-01

View their other companies + combined net worth →

Active

CLOHESSY, Carol Patricia→

secretary · appointed 2002-07-11 · resigned 2003-04-10

Resigned

CLOHESSY, Jayne→

secretary · appointed 2001-08-21 · resigned 2002-07-11

Resigned

TEDDS, Susan→

secretary · appointed 2003-04-10 · resigned 2008-07-04

Resigned

WHITE ROSE FORMATIONS LIMITED→

corporate-nominee-secretary · appointed 2001-08-20 · resigned 2001-08-21

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
outstanding	Mortgage Express	Mortgage	1 property	31/03/2006	—
outstanding	Mortgage Express	Mortgage	1 property	11/07/2003	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Legal charge	1 property	06/02/2003	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Legal charge	1 property	08/11/2002	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Legal charge	1 property	30/08/2002	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Legal charge	1 property	19/07/2002	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Legal charge	1 property	30/05/2002	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Legal charge	1 property	30/05/2002	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Legal charge	1 property	29/04/2002	—

Click column headers to sort. Use filters above to narrow by status and lender.