COCKWELLS MODERN AND CLASSIC BOAT BUILDING LIMITED

🌳Matureactive

05674848 · ltd · incorporated 2006-01-13

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 Dec 2024

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: SIC 30120

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 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 · 4 lenders · oldest 13.6y

35/100

too messy

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

· Oldest live charge is 13.6 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 33/100 — workable, but lender will want more DD.

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

10 officers (5 active, 10 linked, 8 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

5 connected companies via shared directors

Filing history

91 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Cash	—	£258.9k
Net assets	—	£-1.38M
Average employees	14500	—

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

filing

• 1 capital

Last 90 days

filings

• 2 officers
• 1 capital

Last 180 days

filings

• 3 mortgage
• 2 officers
• 1 capital

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

2026-07-03
📄
capital-allotment-shares
capital · SH01
2026-06-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-14
➖
SHORT, Dean resigned
director
2026-02-11
📄
accounts-with-accounts-type-small
accounts · AA
2026-02-11
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-11
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-11
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-11
🔓
Charge satisfied #4
2026-02-11
🔓
Charge satisfied #3
2026-02-11
🔓
Charge satisfied #2
2025-12-19
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-18
➖
COCKWELL, Joanna Mary resigned
secretary
2024-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-17
🔒
Charge registered #6
Lender: The Cornwall Council
2024-10-17
🔒
Charge registered #5
Lender: The Cornwall Council
2024-09-28
📄
resolution
resolution · RESOLUTIONS
2024-09-17
📄
capital-allotment-shares
capital · SH01
2024-09-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-11
➖
HUBBARD, Stephen Arthur resigned
director
2024-09-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-09-11
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-11
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-09-05
➕
ALLIES, Toby James appointed
director
2024-09-05
➕
GRANVILLE, Ian Langley appointed
director
2024-09-05
➕
HILLS, Stephen Frederick appointed
director
2024-09-05
➕
ROSS, Charles James appointed
director
2024-09-04
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-24
➖
WILLIAMS, Sean Harcourt resigned
director
2024-05-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-25
➕
SHORT, Dean appointed
director
2024-04-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-09-03
➕
WILLIAMS, Sean Harcourt appointed
director
2022-03-30
🔒
Charge registered #4
Lender: Lloyds Bank PLC
2021-07-23
🔓
Charge satisfied #1
2020-11-28
🔒
Charge registered #3
Lender: Lloyds Bank PLC
2016-12-09
➕
HUBBARD, Stephen Arthur appointed
director
2013-01-06
🔒
Charge registered #2
Lender: Lloyds Tsb Bank PLC
2012-12-30
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2006-01-13
🏢
Company incorporated
As COCKWELLS MODERN AND CLASSIC BOAT BUILDING LIMITED
2006-01-13
➕
COCKWELL, David Charles appointed
director
2006-01-13
➕
COCKWELL, Joanna Mary appointed
secretary
2006-01-13
➕
SWIFT INCORPORATIONS LIMITED appointed
corporate-nominee-secretary
2006-01-13
➖
SWIFT INCORPORATIONS LIMITED resigned
corporate-nominee-secretary

Owner dependency

80/100

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "COCKWELL" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 21 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

2 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: COCKWELL, Joanna Mary resigned 2025-11-18; SHORT, Dean resigned 2026-04-14

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.

Group structure

Pendennis Shipyard Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Pendennis Shipyard Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

COCKWELLS MODERN AND CLASSIC BOAT BUILDING LIMITED

This company · 05674848

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
Pendennis Shipyard Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	05/09/2024

1 historic (ceased) PSC

Mr David Charles Cockwellceased 05/09/2024· 25-50% shares · 25-50% voting

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
COUNTRY COW DESIGNS LIMITED→ 13261839 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
D.C ENGINEERING MAINTENANCE LIMITED→ 14187204 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
DEAD MAN'S HUT LTD→ 14961931 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
DMS CORNWALL LIMITED→ 15267101 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
DMS MOORCROFT LIMITED→ 15267089 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
DMS SOUTH MOLTON LIMITED→ 15133890 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
DNO ELECTRICALS LTD→ 08916778 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
DOLPHIN AEROTECH LTD→ 06183018 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
DOVE BUILDING SERVICES LTD→ 14514800 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
DRAGONSTONE TREASURES LTD→ 11992150 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
DRILLING & WORKOVER CONSULTANCY SERVICES LIMITED→ 05504896 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
DRILLSERVE LIMITED→ 01467644 · est 1979 · no financials extracted	—	—	—	—	46y	—	—

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

Incorporated2006-01-13

Jurisdictionengland-wales

Primary SIC30120 — SIC 30120

Registered office

Mylor Creek Boatyard

Mylor Bridge

Falmouth

Cornwall

TR11 5NS

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-27

Last: 2026-01-13