ADMIRAL TAVERNS (PORTFOLIO NO 2) LIMITED

🌳Matureactive
05072654 · ltd · incorporated 2004-03-15
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
£171.0k
year to Jun 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 56302Public houses and bars
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (60/100, director aged 61). 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

34 live charges · 9 lenders · oldest 21.8y

25/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.8 years old — likely at or near maturity.
  • · 9 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.
  • · Not currently profitable — coverage conversation is a harder sell.

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
34 charges (34/34 with lender, 34/34 with type)
90
Directors & officers
14 officers (4 active, 14 linked, 12 with DOB)
87
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
237 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 £7,000
Turnover YoY
+10%
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£171.0k£156.0k
Gross profit£117.0k£106.0k
Operating profit£105.0k£-95.0k
Profit before tax£-7.0k£-367.0k
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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
6
filings
  • • 2 address
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (110 events)Click to expand
  1. 2026-02-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-12-02
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  3. 2025-12-01
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  4. 2025-12-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  5. 2025-12-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-02-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2024-03-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2023-05-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2022-01-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2021-04-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2020-12-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-05-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-03-31
    ➖
    PEARSON, Glenn resigned
    director
  14. 2020-03-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  15. 2020-03-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-03-02
    ➕
    GRAY, Nicholas Peter Sedgewick appointed
    director
  17. 2020-02-27
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2019-11-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  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 #34
  24. 2017-12-08
    🔓
    Charge satisfied #32
  25. 2014-10-09
    🔒
    Charge registered #34
    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 #33
    Lender: Admiral Taverns Bidco Limited
  28. 2013-06-27
    🔒
    Charge registered #32
    Lender: U.S. Bank Trustees Limited (As Security Agent and Trustee for the Beneficiaries)
  29. 2013-03-21
    🔓
    Charge satisfied #14
  30. 2012-12-27
    🔓
    Charge satisfied #31
  31. 2012-12-27
    🔓
    Charge satisfied #30
  32. 2012-12-27
    🔓
    Charge satisfied #29
  33. 2012-12-27
    🔓
    Charge satisfied #28
  34. 2012-12-27
    🔓
    Charge satisfied #27
  35. 2012-12-27
    🔓
    Charge satisfied #26
  36. 2010-07-19
    ➕
    GEORGEL, Kevin Roger appointed
    director
  37. 2010-07-07
    ➖
    D'ARCY, Lynne resigned
    director
  38. 2010-04-22
    🔒
    Charge registered #31
    Lender: Admiral Taverns Bidco Limited
  39. 2010-04-22
    🔒
    Charge registered #30
    Lender: Admiral Taverns Bidco Limited
  40. 2010-04-22
    🔒
    Charge registered #29
    Lender: Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
  41. 2010-04-22
    🔒
    Charge registered #28
    Lender: Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
  42. 2010-01-20
    ➕
    PAVELEY, Jonathan David, Dr appointed
    director
  43. 2009-12-02
    🔓
    Charge satisfied #25
  44. 2009-12-02
    🔓
    Charge satisfied #24
  45. 2009-12-02
    🔓
    Charge satisfied #23
  46. 2009-12-02
    🔓
    Charge satisfied #22
  47. 2009-11-17
    🔒
    Charge registered #27
    Lender: Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
  48. 2009-11-17
    🔒
    Charge registered #26
    Lender: Admiral Taverns Bidco Limited
  49. 2009-11-16
    ➖
    LANDESBERG, Gary Mitchell resigned
    director
  50. 2009-09-16
    ➖
    LANDESBERG, Alan resigned
    director
Showing most recent 50 of 110 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 (PORTFOLIO NO 2) LIMITED
This company · 05072654

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 →

Similar companies

Active · Hospitality · EC postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
3 KEGS LIMITED→
11667949 · est 2018 · no financials extracted
————7y——
3SHADES STAY LTD→
17013785 · est 2026 · no financials extracted
———————
92 DEAN STREET OPCO LIMITED→
12692922 · est 2020 · no financials extracted
————5y——
A4 HOLIDAYS LTD→
09475762 · est 2015 · no financials extracted
————11y——
AAA JINDANI EXPRESS LTD→
16472410 · est 2025 · no financials extracted
———————
ADMIRAL TAVERNS (HARMONY) LIMITED→
05465262 · est 2005 · no financials extracted
————20y——
ADMIRAL TAVERNS PICCADILLY LIMITED→
07420758 · est 2010 · no financials extracted
————15y——
ADUR COMMERCE LIMITED→
15349043 · est 2023 · no financials extracted
————2y——
ADVA FOOD SERVICES LIMITED→
08391672 · est 2013 · no financials extracted
————13y——
AEGEAN BITES LTD→
16524157 · est 2025 · no financials extracted
———————
AEVIVA LTD→
16373985 · est 2025 · no financials extracted
————1y——
AFFINITY HOUSE LTD→
14861650 · est 2023 · no financials extracted
————2y——
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
Incorporated2004-03-15
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: 2027-03-29
Last: 2026-03-15

Officers (4 active · 10 resigned)

A G SECRETARIAL LIMITED→
corporate-secretary · appointed 2004-03-15
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
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 2004-08-16 · resigned 2009-09-16
Resigned
LANDESBERG, Gary Mitchell→
director · ~66y · appointed 2004-08-16 · 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 2004-08-16 · resigned 2009-09-16
Resigned
ROSENBERG, Elliot Simon→
director · ~66y · appointed 2004-08-16 · resigned 2009-09-16
Resigned
INHOCO FORMATIONS LIMITED→
corporate-nominee-director · appointed 2004-03-15 · resigned 2004-08-16
Resigned

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

Mortgages & charges

34
Total charges
1
Outstanding
1
Active lenders
Status:Lender:34 of 34 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
part-satisfied
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
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Supplemental legal mortgage1 property22/04/201027/12/2012
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Supplemental legal mortgage1 property22/04/201027/12/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
Supplemental legal mortgage1 property22/04/201027/12/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
Supplemental legal mortgage1 property22/04/201027/12/2012
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
Nationwide
Irish Nationwide Building Society
Legal charge1 property24/05/200703/02/2009
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Supplemental legal charge2 properties12/04/200705/09/2007
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Supplemental legal charge1 property05/04/200705/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property07/08/200605/09/2007
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Supplemental legal charge, supplemental to a debenture dated 11 october 2005 and1 property13/04/200605/09/2007
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Supplemental legal charge1 property14/02/200605/09/2007
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Supplemental legal charge1 property13/01/200605/09/2007
satisfied
Richard Edward Howard-Vyse and Anthony Robert Pardoe
Rent deposit deed1 property08/12/200521/03/2013
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Debenture3 properties11/10/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property16/09/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property16/06/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property03/06/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property27/05/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property24/05/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property09/05/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property30/03/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property29/03/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property31/01/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge2 properties21/01/200505/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge3 properties24/09/200405/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Debenture1 property19/08/200405/09/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (237 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
accounts-with-accounts-type-full
accounts · AA
2026-02-23
change-corporate-secretary-company-with-change-date
officers · CH04
2025-12-02
change-sail-address-company-with-old-address-new-address
address · AD02
2025-12-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-12-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-full
accounts · AA
2025-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-15
accounts-with-accounts-type-full
accounts · AA
2024-03-06
accounts-with-accounts-type-full
accounts · AA
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15
accounts-with-accounts-type-full
accounts · AA
2022-01-14
accounts-with-accounts-type-full
accounts · AA
2021-04-28