3 CORNMARKET LOUTH LIMITED
🌳Matureactive
05072746 · ltd · incorporated 2004-03-15
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
£278.6k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 75-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 22.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.1 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
72 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
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £278,591
Cash YoY
-25%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£14k
↓ 25% YoY
Net Worth
£279k
↑ 5.9% YoY
Current Assets
£20k
↓ 23% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total assets | £278.6k | £263.1k |
| Current assets | £20.2k | £26.3k |
| Cash | £14.0k | £18.5k |
| Debtors | £6.3k | £7.8k |
| Net assets | £278.6k | £263.1k |
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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2025-10-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-03-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-10-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-10-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-12-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-12-13➕BATESON, Kathryn Anne appointeddirector
- 2021-10-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-09-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-10-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-10-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-10-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-06🔓Charge satisfied #6
- 2005-08-26🔓Charge satisfied #4
- 2005-08-26🔓Charge satisfied #3
- 2005-08-02🔒Charge registered #6Lender: Deepdale Catering Limited Pembroke Catering Limited and Chicheley Catering Limited
- 2005-08-02🔒Charge registered #5Lender: John William Downs and Susan Dorothy Anne Downs
- 2005-06-11🔓Charge satisfied #2
- 2005-06-11🔓Charge satisfied #1
- 2005-04-01🔒Charge registered #4Lender: Deepdale Catering Limited, Pembroke Catering Limited and Chicheley Catering Limited
- 2005-04-01🔒Charge registered #3Lender: John William Downs and Suan Dorothy Anne Downs
- 2004-04-02🔒Charge registered #2Lender: Deepdale Catering Limited, Pembroke Catering Limited, Chichely Catering Limited
- 2004-04-02🔒Charge registered #1Lender: John William Downs and Susan Dorothy Anne Downs
- 2004-03-15🏢Company incorporatedAs 3 CORNMARKET LOUTH LIMITED
- 2004-03-15➕DOWNS, Susan Dorothy Anne appointedsecretary
- 2004-03-15➕DOWNS, John William appointeddirector
- 2004-03-15➕DOWNS, Susan Dorothy Anne appointeddirector
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Kathryn Anne Bateson Individual · British · DOB 05/1978 · age 48 | 75–100% | 75–100% | sig. influence75-100% shares · 75-100% voting · significant influence · trust interest | 08/12/2021 |
Mr John William Downs Individual · British · DOB 08/1951 · age 75 | 75–100% | 75–100% | sig. influence75-100% shares · 75-100% voting · significant influence · trust interest | 06/04/2016 |
Mrs Susan Dorothy Anne Downs Individual · British · DOB 07/1951 · age 75 | 75–100% | 75–100% | sig. influence75-100% shares · 75-100% voting · significant influence · trust interest | 06/04/2016 |
1 historic (ceased) PSC
- Mr Harold Andrew Johnstonceased 08/12/2021· 75-100% shares · 75-100% voting · board control
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 · Property · YO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 108 STOCKWELL ROAD (RESIDENTS ASSOCIATION) LIMITED→ 05717989 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| 14 RAMSHILL ROAD (MANAGEMENT) LIMITED→ 09691377 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 14 TOWER STREET LTD→ 13341554 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 1ST CALL RECOVERY (SKIPSEA ) LIMITED→ 17130001 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 2 LANCASTER ROAD LTD→ 14179099 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 21 STAR LTD→ 10554210 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| 23 INCORPORATED LTD→ 15324411 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 26 BARBICAN ROAD LIMITED→ 10457288 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| 28 AVENUE VICTORIA MANAGEMENT LTD→ 13680377 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 2J PROPERTIES LIMITED→ 10635242 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| 2LET AGENCY LIMITED→ 07211683 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| 31 MARKET PLACE (COMMERCIAL) LIMITED→ 16539728 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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 SIC68209 — Other letting and operating of own or leased real estate
Registered office
15 Prospect Street
Bridlington
East Yorkshire
YO15 2AE
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-03-29
Last: 2026-03-15
Officers (4 active · 0 resigned)
DOWNS, Susan Dorothy Anne→
Activesecretary · appointed 2004-03-15
View their other companies + combined net worth →
BATESON, Kathryn Anne→
Activedirector · ~48y · appointed 2021-12-13
View their other companies + combined net worth →
DOWNS, John William→
Activedirector · ~75y · appointed 2004-03-15
View their other companies + combined net worth →
DOWNS, Susan Dorothy Anne→
Activedirector · ~75y · appointed 2004-03-15
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Deepdale Catering Pembroke Catering and Chicheley Catering Deepdale Catering Limited Pembroke Catering Limited and Chicheley Catering Limited | Second legal charge | 2 properties | 02/08/2005 | 06/09/2017 | |
| outstanding | John William Downs and Susan Dorothy Anne Downs | Legal charge | 2 properties | 02/08/2005 | — | |
| satisfied | Deepdale Catering , Pembroke Catering and Chicheley Catering Deepdale Catering Limited, Pembroke Catering Limited and Chicheley Catering Limited | Second legal charge | 2 properties | 01/04/2005 | 26/08/2005 | |
| satisfied | John William Downs and Suan Dorothy Anne Downs | Legal charge | 1 property | 01/04/2005 | 26/08/2005 | |
| satisfied | Deepdale Catering , Pembroke Catering , Chichely Catering Deepdale Catering Limited, Pembroke Catering Limited, Chichely Catering Limited | Second legal charge | 2 properties | 02/04/2004 | 11/06/2005 | |
| satisfied | John William Downs and Susan Dorothy Anne Downs | Legal charge | 2 properties | 02/04/2004 | 11/06/2005 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (72 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-12-20
appoint-person-director-company-with-name-date
officers · AP01
2021-12-20