DAWN STAR LIMITED

🌳Matureactive

05107916 · ltd · incorporated 2004-04-21

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

—

year to Dec 2025

Net worth

£523.7k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Travel agency activities

Sector: Administrative & support services

Investor take

Pursue

Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (76/100)

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

Confirmed no charges registered

Directors & officers

5 officers (3 active, 5 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

69 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

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

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £523,671

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£524k

↑ 3.4% YoY

Current Assets

£279k

↓ 38% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-12-31	2024-12-31
Total assets	£525.4k	£506.7k
Current assets	£278.6k	£453.0k
Net assets	£523.7k	£506.7k

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-01-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-09
➕
PILATTI, Earl Cameron appointed
director
2025-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-13
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-30
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-01-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-05-03
📄
change-person-secretary-company-with-change-date
officers · CH03
2018-05-03
📄
change-person-director-company-with-change-date
officers · CH01
2018-05-03
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2017-12-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2004-04-21
🏢
Company incorporated
As DAWN STAR LIMITED
2004-04-21
➕
PILATTI, Earl Cameron appointed
secretary
2004-04-21
➕
PILATTI, Fiona Helen appointed
director
2004-04-21
➕
WAYNE, Harold appointed
nominee-secretary
2004-04-21
➖
WAYNE, Harold resigned
nominee-secretary
2004-04-21
➕
WAYNE, Yvonne appointed
nominee-director
2004-04-21
➖
WAYNE, Yvonne resigned
nominee-director

Owner dependency

84/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 59 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

26/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

primaryFamily succession underway: Not a takeover target — PILATTI, Earl Cameron (same surname) appointed 2025-04-09. Pattern consistent with intra-family handover.
secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Fiona Helen Pilatti Individual · British · DOB 05/1967 · age 59	75–100%	—	75-100% shares	21/04/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2004-04-21

Jurisdictionengland-wales

Primary SIC79110 — Travel agency activities

Registered office

61 Bridge Street

Kington

HR5 3DJ

United Kingdom

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-05-05

Last: 2026-04-21

Officers (3 active · 2 resigned)

PILATTI, Earl Cameron→

secretary · appointed 2004-04-21

View their other companies + combined net worth →

Active

PILATTI, Earl Cameron→

director · ~53y · appointed 2025-04-09

View their other companies + combined net worth →

Active

PILATTI, Fiona Helen→

director · ~59y · appointed 2004-04-21

View their other companies + combined net worth →

Active

WAYNE, Harold→

nominee-secretary · appointed 2004-04-21 · resigned 2004-04-21

Resigned

WAYNE, Yvonne→

nominee-director · ~46y · appointed 2004-04-21 · resigned 2004-04-21

Resigned

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

Recent filings (69 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-22

accounts-with-accounts-type-micro-entity

accounts · AA

2026-01-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-22

appoint-person-director-company-with-name-date

officers · AP01

2025-04-22

accounts-with-accounts-type-micro-entity

accounts · AA

2025-01-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-24

accounts-with-accounts-type-micro-entity

accounts · AA

2024-02-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-04-28

accounts-with-accounts-type-micro-entity

accounts · AA

2023-04-20

change-account-reference-date-company-previous-shortened

accounts · AA01

2023-04-13

accounts-with-accounts-type-micro-entity

accounts · AA

2023-01-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-04-21

accounts-with-accounts-type-micro-entity

accounts · AA

2022-01-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-04-21

accounts-with-accounts-type-micro-entity

accounts · AA

2021-01-14