ADMIRAL TAVERNS (RELAX) LIMITED

🌳Matureactive
04992572 · ltd · incorporated 2003-12-11
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.
🔒Estimated value
—
Upgrade to see
Turnover
£132.0k
year to Jun 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 56302Public houses and bars
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

15 live charges · 10 lenders · oldest 22.1y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 22.1 years old — likely at or near maturity.
  • · 10 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
16 officers (4 active, 16 linked, 12 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
177 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
85
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Loss-making
Loss before tax £31,000
Turnover YoY
+6%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0May 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-012024-05-26
Turnover£132.0k£124.0k
Gross profit£91.0k£84.0k
Operating profit£69.0k£9.0k
Profit before tax£-31.0k£-91.0k
Average employees00

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
6
filings
  • • 2 address
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (75 events)Click to expand
  1. 2026-02-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-12-01
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  3. 2025-12-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2025-12-01
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  5. 2025-12-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-02-10
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2024-03-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2023-08-01
    📄
    mortgage-charge-part-both-with-charge-number
    mortgage · MR05
  9. 2023-05-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2022-01-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2021-04-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2020-12-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  13. 2020-12-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2020-05-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2020-03-31
    ➖
    PEARSON, Glenn resigned
    director
  16. 2020-03-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2020-03-02
    ➕
    GRAY, Nicholas Peter Sedgewick appointed
    director
  18. 2020-02-27
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2019-11-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2019-11-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2019-09-01
    ➖
    GEORGEL, Kevin Roger resigned
    director
  22. 2019-07-15
    ➕
    JOWSEY, Christopher Michael appointed
    director
  23. 2017-12-08
    🔓
    Charge satisfied #15
  24. 2017-12-08
    🔓
    Charge satisfied #13
  25. 2014-10-09
    🔒
    Charge registered #15
    Lender: U.S. Bank Trustees Limited (As Security Agent for the Beneficiaries)
  26. 2014-01-31
    ➖
    PAVELEY, Jonathan David, Dr resigned
    director
  27. 2013-06-27
    🔒
    Charge registered #14
    Lender: Admiral Taverns Bidco Limited
  28. 2013-06-27
    🔒
    Charge registered #13
    Lender: U.S. Bank Trustees Limited (As Security Agent and Trustee for the Beneficiaries)
  29. 2012-12-27
    🔓
    Charge satisfied #10
  30. 2012-12-27
    🔓
    Charge satisfied #9
  31. 2012-09-18
    🔓
    Charge satisfied #12
  32. 2012-09-18
    🔓
    Charge satisfied #11
  33. 2012-03-29
    🔒
    Charge registered #12
    Lender: Lloyds Tsb Bank PLC
  34. 2012-03-29
    🔒
    Charge registered #11
    Lender: Admiral Taverns Bidco Limited
  35. 2010-07-19
    ➕
    GEORGEL, Kevin Roger appointed
    director
  36. 2010-07-07
    ➖
    D'ARCY, Lynne resigned
    director
  37. 2010-01-20
    ➕
    PAVELEY, Jonathan David, Dr appointed
    director
  38. 2009-12-02
    🔓
    Charge satisfied #8
  39. 2009-12-02
    🔓
    Charge satisfied #7
  40. 2009-12-02
    🔓
    Charge satisfied #6
  41. 2009-12-02
    🔓
    Charge satisfied #5
  42. 2009-11-17
    🔒
    Charge registered #10
    Lender: Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
  43. 2009-11-17
    🔒
    Charge registered #9
    Lender: Admiral Taverns Bidco Limited
  44. 2009-11-16
    ➖
    LANDESBERG, Gary Mitchell resigned
    director
  45. 2009-09-16
    ➖
    LANDESBERG, Alan resigned
    director
  46. 2009-09-16
    ➖
    ROSENBERG, David resigned
    director
  47. 2009-09-16
    ➖
    ROSENBERG, Elliot Simon resigned
    director
  48. 2009-01-30
    🔒
    Charge registered #8
    Lender: Bank of Scotland PLC
  49. 2007-09-05
    🔓
    Charge satisfied #4
  50. 2007-09-05
    🔓
    Charge satisfied #3
Showing most recent 50 of 75 events

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

63/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 22 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 · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Admiral Taverns Bidco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Admiral Taverns Bidco Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ADMIRAL TAVERNS (RELAX) LIMITED
This company · 04992572

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
Admiral Taverns Bidco Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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
Incorporated2003-12-11
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants

Registered office

41 Lothbury
London
EC2R 7HF
United Kingdom

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-06-01
Confirmation statement
Next due: 2026-12-25
Last: 2025-12-11

Officers (4 active · 12 resigned)

A G SECRETARIAL LIMITED→
corporate-secretary · appointed 2004-07-19
View their other companies + combined net worth →
Active
CLIFFORD, Andrew Francis James→
director · ~56y · appointed 2006-10-09
View their other companies + combined net worth →
Active
GRAY, Nicholas Peter Sedgewick→
director · ~52y · appointed 2020-03-02
View their other companies + combined net worth →
Active
JOWSEY, Christopher Michael→
director · ~61y · appointed 2019-07-15
View their other companies + combined net worth →
Active
ROSENBERG, David→
secretary · appointed 2004-03-18 · resigned 2004-07-19
Resigned
A G SECRETARIAL LIMITED→
corporate-secretary · appointed 2003-12-11 · resigned 2004-03-18
Resigned
D'ARCY, Lynne→
director · ~69y · appointed 2006-10-09 · resigned 2010-07-07
Resigned
GEORGEL, Kevin Roger→
director · ~56y · appointed 2010-07-19 · resigned 2019-09-01
Resigned
LANDESBERG, Alan→
director · ~93y · appointed 2004-03-18 · resigned 2009-09-16
Resigned
LANDESBERG, Gary Mitchell→
director · ~66y · appointed 2004-03-18 · resigned 2009-11-16
Resigned
PAVELEY, Jonathan David, Dr→
director · ~63y · appointed 2010-01-20 · resigned 2014-01-31
Resigned
PEARSON, Glenn→
director · ~56y · appointed 2007-07-16 · resigned 2020-03-31
Resigned
PERCY, Andrew Graeme→
director · ~62y · appointed 2007-01-26 · resigned 2007-07-16
Resigned
ROSENBERG, David→
director · ~68y · appointed 2004-03-18 · resigned 2009-09-16
Resigned
ROSENBERG, Elliot Simon→
director · ~66y · appointed 2004-03-18 · resigned 2009-09-16
Resigned
INHOCO FORMATIONS LIMITED→
corporate-nominee-director · appointed 2003-12-11 · resigned 2004-03-18
Resigned

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

Mortgages & charges

15
Total charges
2
Outstanding
2
Active lenders
Status:Lender:15 of 15 shown
TypeProperties
satisfied
U.S. Bank Trustees (As Security Agent for the Beneficiaries)
U.S. Bank Trustees Limited (As Security Agent for the Beneficiaries)
A registered charge—09/10/201408/12/2017
outstanding
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
A registered charge1 property27/06/2013—
satisfied
U.S. Bank Trustees (As Security Agent and Trustee for the Beneficiaries)
U.S. Bank Trustees Limited (As Security Agent and Trustee for the Beneficiaries)
A registered charge1 property27/06/201308/12/2017
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Supplemental legal charge1 property29/03/201218/09/2012
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Supplemental legal mortgage1 property29/03/201218/09/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
Debenture1 property17/11/200927/12/2012
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Debenture1 property17/11/200927/12/2012
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Debenture1 property30/01/200902/12/2009
satisfied
Nationwide
Irish Nationwide Building Society
Debenture1 property24/07/200702/12/2009
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property24/07/200702/12/2009
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property24/07/200702/12/2009
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Debenture1 property21/04/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Debenture1 property12/04/200505/09/2007
outstanding
Liberty Retail Properties
Liberty Retail Properties Limited
Rent deposit deed1 property10/12/2004—
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property14/04/200405/09/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (177 total)

accounts-with-accounts-type-full
accounts · AA
2026-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-12
change-corporate-secretary-company-with-change-date
officers · CH04
2025-12-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-12-01
change-sail-address-company-with-old-address-new-address
address · AD02
2025-12-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-01
accounts-with-accounts-type-full
accounts · AA
2025-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-11
accounts-with-accounts-type-full
accounts · AA
2024-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
mortgage-charge-part-both-with-charge-number
mortgage · MR05
2023-08-01
accounts-with-accounts-type-full
accounts · AA
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-12
accounts-with-accounts-type-full
accounts · AA
2022-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13