CORNWALL FERRIES LIMITED

🌳Matureactive

04648205 · ltd · incorporated 2003-01-27

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 23.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2025

Net worth

£660.7k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 50300

Sector: Transportation & storage

Investor take

Pursue

Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 23.2y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 23.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

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

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

14 officers (7 active, 14 linked, 8 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

9 connected companies via shared directors

Filing history

91 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £660,697

Net assets shrinking

Down £30,747 YoY

Cash YoY

+14%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£313k

↑ 14% YoY

Net Worth

£661k

↓ 4.4% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-12-31	2024-12-31
Cash	£313.1k	£274.7k
Net assets	£660.7k	£691.4k

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (38 events)Click to expand

2026-06-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-01
➕
FLOYER, Toby Martyn appointed
director
2022-08-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-07-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2015-05-14
➕
POLGLASE, Antony Patrick Julyan appointed
director
2013-05-09
➖
POLGLASE, Antony Patrick Julyan resigned
director
2012-05-17
➕
ENGLISH, Leslie Arthur appointed
director
2011-05-18
➕
STOYLE, David Alan Blin appointed
director
2010-02-13
➖
HODGSON, David Livingstone resigned
director
2007-11-21
➕
SMITHIES, Timothy Hugh appointed
secretary
2007-11-21
➖
LIGHT, Timothy David resigned
secretary
2007-07-13
➕
LIGHT, Timothy David appointed
secretary
2007-05-10
➖
BRIGHTLEY, Lucinda Jane resigned
secretary
2005-02-01
➕
BRIGHTLEY, Lucinda Jane appointed
secretary
2005-02-01
➖
POLGLASE, Antony Patrick Julyan resigned
secretary
2003-04-10
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2003-01-27
🏢
Company incorporated
As CORNWALL FERRIES LIMITED
2003-01-27
➕
LIGHT, Timothy David appointed
director
2003-01-27
➕
SMITHIES, Timothy Hugh appointed
director
2003-01-27
➕
POLGLASE, Antony Patrick Julyan appointed
secretary
2003-01-27
➕
SWIFT INCORPORATIONS LIMITED appointed
corporate-nominee-secretary
2003-01-27
➖
SWIFT INCORPORATIONS LIMITED resigned
corporate-nominee-secretary
2003-01-27
➕
HODGSON, David Livingstone appointed
director
2003-01-27
➕
POLGLASE, Antony Patrick Julyan appointed
director
2003-01-27
➕
INSTANT COMPANIES LIMITED appointed
corporate-nominee-director
2003-01-27
➖
INSTANT COMPANIES LIMITED resigned
corporate-nominee-director

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

90/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 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.)

🔒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 · Transport & logistics · TR postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ABACUS AND FALMOUTH TAXIS LIMITED→ 06636778 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
APOLLO EC TRURO TAXIS LTD→ 15288481 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ARCOACHES LIMITED→ 16781976 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AZAR BATRI UORMIYA CONSULTING LTD→ 16862619 · est 2025 · no financials extracted	—	—	—	—	—	—	—
COAST PATH COURIERS LTD→ 15042808 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
COASTAL STORAGE (CORNWALL) LIMITED→ 10908993 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
CORNISH BOAT TOURS LTD→ 14699407 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
CORNISH SAILING ACADEMY LTD→ 16146637 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
CORNWALL AUTORIDES LTD→ 16841965 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CORNWALL COURIERS LTD→ 14202355 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
CORNWALL HAULAGE LTD→ 09190603 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
CORNWALL PASSENGER SERVICES LIMITED→ 14684940 · est 2023 · no financials extracted	—	—	—	—	3y	—	—

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

Incorporated2003-01-27

Jurisdictionengland-wales

Primary SIC50300 — SIC 50300

Registered office

Lowin House

Tregolls Road

Truro

Cornwall

TR1 2NA

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-02-10

Last: 2026-01-27