SOUTH DOWNS CAPITAL LIMITED

🌳Matureactive
04288161 · ltd · incorporated 2001-09-17
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
25 officers (3 active, 25 linked, 18 with DOB)
84
Ownership & PSC
1 active PSC(s) of 8 total, 8 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
152 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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (69 events)Click to expand
  1. 2025-12-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  2. 2025-12-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-10-05
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  4. 2025-10-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-09-26
    HEWSON, Hayley Elizabeth appointed
    secretary
  6. 2025-09-25
    HARDYMAN, Christopher Neil resigned
    secretary
  7. 2025-09-19
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  8. 2025-09-19
    📄
    legacy
    accounts · PARENT_ACC
  9. 2025-09-19
    📄
    legacy
    other · GUARANTEE2
  10. 2025-09-19
    📄
    legacy
    other · AGREEMENT2
  11. 2024-11-01
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  12. 2024-11-01
    📄
    legacy
    accounts · PARENT_ACC
  13. 2024-09-19
    📄
    legacy
    other · GUARANTEE2
  14. 2024-09-19
    📄
    legacy
    other · AGREEMENT2
  15. 2023-08-14
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  16. 2023-08-14
    📄
    legacy
    accounts · PARENT_ACC
  17. 2023-08-14
    📄
    legacy
    other · AGREEMENT2
  18. 2023-08-14
    📄
    legacy
    other · GUARANTEE2
  19. 2023-08-02
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2023-07-24
    📄
    capital-allotment-shares
    capital · SH01
  21. 2022-12-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2021-12-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2021-10-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2021-10-01
    MILNER, John Christopher appointed
    director
  25. 2021-09-30
    ORTON, Helen Mary Grace resigned
    director
  26. 2021-03-05
    OWENS, David William resigned
    director
  27. 2018-12-31
    SMITH, Neville resigned
    director
  28. 2018-11-01
    TAYLOR, Colin Robert appointed
    director
  29. 2018-11-01
    PORTEOUS, Roderic Colquhoun resigned
    director
  30. 2018-03-16
    OWENS, David William appointed
    director
  31. 2015-10-12
    ORTON, Helen Mary Grace appointed
    director
  32. 2015-01-01
    SHEERAN, Nick John resigned
    director
  33. 2014-11-18
    PORTEOUS, Roderic Colquhoun appointed
    director
  34. 2012-05-15
    ROADNIGHT, Nicholas John resigned
    director
  35. 2012-01-09
    CONLON, Zaida Munshi resigned
    director
  36. 2012-01-09
    ELLIS, David James resigned
    director
  37. 2011-12-09
    SHEERAN, Nick John appointed
    director
  38. 2011-12-01
    CONLON, Zaida Munshi appointed
    director
  39. 2011-12-01
    CONLON, Zaida Munshi resigned
    director
  40. 2011-12-01
    ELLIS, David James appointed
    director
  41. 2011-12-01
    ELLIS, David James resigned
    director
  42. 2010-02-05
    CONLON, Zaida Munshi appointed
    director
  43. 2010-02-05
    RAE, Neil resigned
    director
  44. 2009-12-31
    DOUGHTY, William Robert resigned
    director
  45. 2009-12-31
    ELLIS, David James appointed
    director
  46. 2009-12-31
    RAE, Neil appointed
    director
  47. 2009-12-30
    ELLIS, David James resigned
    director
  48. 2009-09-18
    HARDYMAN, Christopher Neil appointed
    secretary
  49. 2009-09-18
    SMITH, Neville resigned
    secretary
  50. 2008-05-22
    ELLIS, David James appointed
    director
Showing most recent 50 of 69 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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

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

🏛️
Ancala Fornia Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
SOUTH DOWNS CAPITAL LIMITED
This company · 04288161

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
Ancala Fornia Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control16/03/2018
7 historic (ceased) PSCs
  • Mr Chris Loughlinceased 01/04/2021· significant influence · trust interest · firm interest
  • Mr David William Owensceased 05/03/2021· significant influence · firm interest
  • Mr Neville Smithceased 16/03/2018· significant influence · trust interest
  • Mr Mark Shepherdceased 16/03/2018· significant influence · trust interest
  • Mr Stuart Robert Lindsayceased 16/03/2018· significant influence · trust interest
  • Mr Paul Treagustceased 16/03/2018· significant influence · trust interest
  • Mr David James Ellisceased 16/03/2018· significant influence · trust interest

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
Incorporated2001-09-17
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company

Registered office

Brockhampton Springs, West
Street, Havant
Hampshire
PO9 1LG

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-01
Last: 2025-09-17

Officers (3 active · 22 resigned)

HEWSON, Hayley Elizabeth
secretary · appointed 2025-09-26
View their other companies + combined net worth →
Active
MILNER, John Christopher
director · ~50y · appointed 2021-10-01
View their other companies + combined net worth →
Active
TAYLOR, Colin Robert
director · ~65y · appointed 2018-11-01
View their other companies + combined net worth →
Active
HALFORD, Susan Grace
secretary · appointed 2001-12-07 · resigned 2003-05-31
Resigned
HARDYMAN, Christopher Neil
secretary · appointed 2009-09-18 · resigned 2025-09-25
Resigned
MILLS, Alan Ewing
secretary · appointed 2001-10-19 · resigned 2001-12-07
Resigned
SMITH, Neville
secretary · appointed 2003-06-26 · resigned 2009-09-18
Resigned
HACKWOOD SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2001-09-17 · resigned 2001-10-19
Resigned
CONLON, Zaida Munshi
director · ~51y · appointed 2011-12-01 · resigned 2012-01-09
Resigned
CONLON, Zaida Munshi
director · ~51y · appointed 2010-02-05 · resigned 2011-12-01
Resigned
CULLINAN, Rory Malcolm
director · ~67y · appointed 2001-10-19 · resigned 2002-04-04
Resigned
DOUGHTY, William Robert
director · ~58y · appointed 2003-07-23 · resigned 2009-12-31
Resigned
ELLIS, David James
director · ~67y · appointed 2011-12-01 · resigned 2012-01-09
Resigned
ELLIS, David James
director · ~67y · appointed 2009-12-31 · resigned 2011-12-01
Resigned
ELLIS, David James
director · ~67y · appointed 2008-05-22 · resigned 2009-12-30
Resigned
GRAHAM, Penelope Gail
director · ~60y · appointed 2002-04-23 · resigned 2003-07-21
Resigned
ORTON, Helen Mary Grace
director · ~57y · appointed 2015-10-12 · resigned 2021-09-30
Resigned
OWENS, David William
director · ~74y · appointed 2018-03-16 · resigned 2021-03-05
Resigned
PORTEOUS, Roderic Colquhoun
director · ~69y · appointed 2014-11-18 · resigned 2018-11-01
Resigned
RAE, Neil
director · ~55y · appointed 2009-12-31 · resigned 2010-02-05
Resigned

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

Recent filings (152 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-12-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-17
appoint-person-secretary-company-with-name-date
officers · AP03
2025-10-05
termination-secretary-company-with-name-termination-date
officers · TM02
2025-10-05
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-09-19
legacy
accounts · PARENT_ACC
2025-09-19
legacy
other · GUARANTEE2
2025-09-19
legacy
other · AGREEMENT2
2025-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-18
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-11-01
legacy
accounts · PARENT_ACC
2024-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-25
legacy
other · GUARANTEE2
2024-09-19
legacy
other · AGREEMENT2
2024-09-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-18