CORNISH SEA SALT COMPANY LIMITED
🌳Matureactive
05169406 · ltd · incorporated 2004-07-02
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
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 08930
Sector: Mining & quarrying
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 68). 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 (65/100).
🏦
Refinance opportunity
12 live charges · 10 lenders · oldest 19.0y
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 19.0 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
18 officers (5 active, 18 linked, 16 with DOB)
88
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
167 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
74/100Strong
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
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 |
|---|---|
| Average employees | 4900 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
3
filings
- • 3 address
Last 180 days
3
filings
- • 3 address
Counts from Companies House filing history.
Corporate timeline (72 events)Click to expand
- 2026-05-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-05-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-05-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-19📄accounts-with-accounts-type-smallaccounts · AA
- 2025-07-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-01➕MCGROARY, John appointeddirector
- 2025-01-02📄accounts-with-accounts-type-smallaccounts · AA
- 2024-05-30📄accounts-with-accounts-type-smallaccounts · AA
- 2023-05-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-05-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-23📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2023-02-23📄legacycapital · SH20
- 2023-02-23⚠️legacyinsolvency · CAP-SS
- 2023-02-23📄resolutionresolution · RESOLUTIONS
- 2023-01-04📄accounts-with-accounts-type-smallaccounts · AA
- 2022-03-30📄accounts-with-accounts-type-smallaccounts · AA
- 2021-07-13📄accounts-with-accounts-type-smallaccounts · AA
- 2020-08-11📄accounts-with-accounts-type-smallaccounts · AA
- 2019-04-03📄accounts-with-accounts-type-smallaccounts · AA
- 2017-05-31➖BOOTE, Simon James resigneddirector
- 2016-06-30➖DENNARD, Julian Alistair resigneddirector
- 2015-08-10🔓Charge satisfied #9
- 2015-08-10🔓Charge satisfied #8
- 2015-08-05🔒Charge registered #12Lender: Santander UK PLC
- 2014-01-01➕SKERRY, Suzanne appointeddirector
- 2013-03-26➕BOOTE, Simon James appointeddirector
- 2013-01-31➖BRADSHAW, Eleanor Annette resigneddirector
- 2012-12-11➕TOFT, Simon David appointeddirector
- 2012-12-04🔓Charge satisfied #10
- 2012-10-11🔒Charge registered #11Lender: Santander UK PLC as Security Trustee (Security Holder) for Each Group Member
- 2012-07-24🔓Charge satisfied #3
- 2012-07-24🔓Charge satisfied #2
- 2012-07-24🔓Charge satisfied #1
- 2012-07-09🔓Charge satisfied #7
- 2012-07-09🔓Charge satisfied #6
- 2012-07-09🔓Charge satisfied #5
- 2012-07-09🔓Charge satisfied #4
- 2012-03-28➕TANSWELL, Philip Anthony Daniel appointeddirector
- 2012-02-19➖STEEL, John Russell resigneddirector
- 2012-02-17➖JOYNER, Gene Austin resigneddirector
- 2011-08-10➖FRASER, Anthony Paul resigneddirector
- 2011-07-05➕SULLIVAN, Mark appointeddirector
- 2010-12-07🔒Charge registered #10Lender: Ultimate Invoice Finance Limited
- 2010-10-22➕DENNARD, Julian Alistair appointeddirector
- 2010-08-23🔒Charge registered #9Lender: South West Investment Group (Capital) LTD
- 2010-07-31➖DAVISON, Jeremy Robert resigneddirector
- 2010-07-31➖TANSWELL, Philip Anthony Daniel resigneddirector
- 2010-06-29➖TBP CORPORATE SERVICES LIMITED resignedcorporate-secretary
- 2010-04-06➕JOYNER, Gene Austin appointeddirector
- 2009-08-26➖BURT, Elizabeth Mary resigneddirector
Showing most recent 50 of 72 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 15 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 med · 1 low1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-02-23: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Provenance Brands Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Provenance Brands Limited
Corporate parent · holds 75-100% shares
⬇
CORNISH SEA SALT COMPANY LIMITED
This company · 05169406
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Provenance Brands Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 11/05/2023 |
1 historic (ceased) PSC
- Mr Mark Sullivanceased 11/05/2023· 50-75% shares
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 · Manufacturing · TR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CHRISTIAN PAUL LTD→ 05448842 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| CORNWALL CATERING EQUIPMENT LIMITED→ 06232308 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| CORNWALL HOSE AND HYDRAULICS LTD→ 15699493 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CORNWALL REFRIGERATION SOLUTIONS LTD→ 08013300 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| CORNWALL SOAPBOX (FORE ST) LTD→ 11452274 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| CORNWALL SOAPBOX LTD→ 09453189 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| CORNWALL STAIRS LIMITED→ 07347850 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| CORNWALL STONEMASONRY LTD→ 12495035 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| CORNWALL TIMBER FRAMING LTD→ 11065432 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| CORNWALL TIN LIMITED→ 09392858 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| CORNWALL WINDOW & CONSERVATORY CENTRE LTD→ 08880566 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| CORNWALL WOOD TREATMENTS SERVICES LIMITED→ 02192986 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2004-07-02
Jurisdictionengland-wales
Primary SIC08930 — SIC 08930
Registered office
Ocean House, Lower Quay
Gweek
Helston
TR12 6UD
England
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-16
Last: 2025-07-02
Officers (5 active · 13 resigned)
MCGROARY, John→
Activedirector · ~58y · appointed 2025-07-01
View their other companies + combined net worth →
SKERRY, Suzanne→
Activedirector · ~57y · appointed 2014-01-01
View their other companies + combined net worth →
SULLIVAN, Mark→
Activedirector · ~66y · appointed 2011-07-05
View their other companies + combined net worth →
TANSWELL, Philip Anthony Daniel→
Activedirector · ~53y · appointed 2012-03-28
View their other companies + combined net worth →
TOFT, Simon David→
Activedirector · ~68y · appointed 2012-12-11
View their other companies + combined net worth →
FRASER-HURT, Nicole→
Resignedsecretary · appointed 2004-07-02 · resigned 2007-03-09
TBP CORPORATE SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2007-03-09 · resigned 2010-06-29
BOOTE, Simon James→
Resigneddirector · ~63y · appointed 2013-03-26 · resigned 2017-05-31
BRADSHAW, Eleanor Annette→
Resigneddirector · ~55y · appointed 2007-03-01 · resigned 2013-01-31
BURT, Elizabeth Mary→
Resigneddirector · ~68y · appointed 2007-09-20 · resigned 2009-08-26
DAVISON, Jeremy Robert→
Resigneddirector · ~69y · appointed 2007-06-19 · resigned 2010-07-31
DENNARD, Julian Alistair→
Resigneddirector · ~53y · appointed 2010-10-22 · resigned 2016-06-30
FRASER, Anthony Paul→
Resigneddirector · ~67y · appointed 2004-07-02 · resigned 2011-08-10
FRASER, Nicole→
Resigneddirector · ~62y · appointed 2004-11-01 · resigned 2005-09-01
JOYNER, Gene Austin→
Resigneddirector · ~68y · appointed 2010-04-06 · resigned 2012-02-17
STEEL, John Russell→
Resigneddirector · ~62y · appointed 2009-05-19 · resigned 2012-02-19
TANSWELL, Philip Anthony Daniel→
Resigneddirector · ~53y · appointed 2009-08-26 · resigned 2010-07-31
WHITNEY, Clare→
Resigneddirector · ~61y · appointed 2007-03-01 · resigned 2007-05-30
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
2
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Santander Santander UK PLC | A registered charge | 1 property | 05/08/2015 | — | |
| outstanding | Santander Santander UK PLC as Security Trustee (Security Holder) for Each Group Member | Debenture | 1 property | 11/10/2012 | — | |
| satisfied | Ultimate Invoice Finance Ultimate Invoice Finance Limited | Debenture | 1 property | 07/12/2010 | 04/12/2012 | |
| satisfied | South West Investment Group (Capital) South West Investment Group (Capital) LTD | Legal charge | 1 property | 23/08/2010 | 10/08/2015 | |
| satisfied | South West Investment Group (Capital) South West Investment Group (Capital) Limited | Debenture | 1 property | 24/08/2009 | 10/08/2015 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Assignment of keyman life policy | 5 properties | 29/01/2008 | 09/07/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Assignment of keyman life policy | 1 property | 29/01/2008 | 09/07/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 20/06/2007 | 09/07/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 20/06/2007 | 09/07/2012 | |
| satisfied | Finance Cornwall Mezzanine Fund (Security Agent) as Trustee on Behalf of the Financeparties Finance Cornwall Mezzanine Fund Limited (Security Agent) as Trustee on Behalf of the Financeparties | Debenture | 1 property | 20/06/2007 | 24/07/2012 | |
| satisfied | South West Regional Venture Capital Fund No.1 L.P. | Debenture | 1 property | 20/06/2007 | 24/07/2012 | |
| satisfied | South West of England Regional Development Agency | Debenture | 1 property | 20/06/2007 | 24/07/2012 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (167 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-05
accounts-with-accounts-type-small
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-07
appoint-person-director-company-with-name-date
officers · AP01
2025-07-04
accounts-with-accounts-type-small
accounts · AA
2025-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-03
accounts-with-accounts-type-small
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-05-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-05-11
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2023-02-23
legacy
capital · SH20
2023-02-23
legacy
insolvency · CAP-SS
2023-02-23