ADMIRAL TAVERNS (780) LIMITED

📈Growthactive
05847941 · ltd · incorporated 2006-06-15
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
£818.0k
year to Jun 2025
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 56302Public houses and bars
Investor take
Pursue
Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 76/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 19 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (57/100).

🏦

Refinance opportunity

41 live charges · 19 lenders · oldest 19.8y

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 19.8 years old — likely at or near maturity.
  • · 19 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

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
41 charges (41/41 with lender, 41/41 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
611 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
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
71
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,156,000
Strong revenue growth
Turnover up 102% YoY
Turned profitable
Returned to profit this year
Turnover YoY
+102%
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£818.0k£405.0k
Gross profit£505.0k£295.0k
Operating profit£2.94M£-570.0k
Profit before tax£1.16M£-2.10M
Average employees00

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
2
filings
  • 2 mortgage
Last 90 days
3
filings
  • 2 mortgage
  • 1 accounts
Last 180 days
7
filings
  • 2 mortgage
  • 2 address
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (120 events)Click to expand
  1. 2026-05-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-05-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2026-05-01
    🔓
    Charge satisfied #41
  4. 2026-05-01
    🔓
    Charge satisfied #40
  5. 2026-02-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2025-12-03
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  7. 2025-12-01
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  8. 2025-12-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2025-12-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2025-02-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2024-03-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2024-01-12
    📄
    mortgage-charge-part-both-with-charge-number
    mortgage · MR05
  13. 2024-01-12
    📄
    mortgage-charge-part-both-with-charge-number
    mortgage · MR05
  14. 2024-01-12
    📄
    mortgage-charge-part-both-with-charge-number
    mortgage · MR05
  15. 2023-05-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2022-01-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2021-08-19
    🔒
    Charge registered #41
    Lender: Intermediate Capital Group PLC as Security Trustee
  19. 2021-04-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2020-12-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  21. 2020-12-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2020-06-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  23. 2020-03-31
    PEARSON, Glenn resigned
    director
  24. 2020-03-02
    GRAY, Nicholas Peter Sedgewick appointed
    director
  25. 2019-09-01
    GEORGEL, Kevin Roger resigned
    director
  26. 2019-07-15
    JOWSEY, Christopher Michael appointed
    director
  27. 2017-12-08
    🔓
    Charge satisfied #39
  28. 2017-12-08
    🔓
    Charge satisfied #37
  29. 2017-12-08
    🔓
    Charge satisfied #36
  30. 2017-12-08
    🔓
    Charge satisfied #34
  31. 2017-12-08
    🔓
    Charge satisfied #32
  32. 2017-12-06
    🔒
    Charge registered #40
    Lender: Intermediate Capital Group PLC as Security Trustee
  33. 2014-10-09
    🔒
    Charge registered #39
    Lender: U.S. Bank Trustees Limited (As Security Agent for the Beneficiaries)
  34. 2014-08-08
    🔒
    Charge registered #38
    Lender: Admiral Taverns Bidco Limited
  35. 2014-08-08
    🔒
    Charge registered #37
    Lender: U.S. Bank Trustees Limited (Security Agent)
  36. 2014-04-30
    🔒
    Charge registered #36
    Lender: U.S.Bank Trustees Limited as Security Trustee for the Beneficiaries (Security Agent)
  37. 2014-04-30
    🔒
    Charge registered #35
    Lender: Admiral Taverns Bidco Limited
  38. 2014-01-31
    PAVELEY, Jonathan David, Dr resigned
    director
  39. 2014-01-27
    🔒
    Charge registered #34
    Lender: U.S. Bank Trustees Limited as Security Trustee for the Beneficiaries
  40. 2013-06-27
    🔒
    Charge registered #33
    Lender: Admiral Taverns Bidco Limited
  41. 2013-06-27
    🔒
    Charge registered #32
    Lender: U.S. Bank Trustees Limited (As Security Agent and Trustee for the Beneficiaries)
  42. 2013-02-07
    🔓
    Charge satisfied #19
  43. 2013-02-07
    🔓
    Charge satisfied #18
  44. 2013-02-07
    🔓
    Charge satisfied #16
  45. 2013-02-07
    🔓
    Charge satisfied #14
  46. 2013-02-07
    🔓
    Charge satisfied #13
  47. 2012-12-27
    🔓
    Charge satisfied #30
  48. 2012-12-27
    🔓
    Charge satisfied #29
  49. 2012-12-27
    🔓
    Charge satisfied #28
  50. 2012-12-27
    🔓
    Charge satisfied #27
Showing most recent 50 of 120 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 20 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 · 2 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.

6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Admiral Taverns (Max) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Admiral Taverns (Max) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ADMIRAL TAVERNS (780) LIMITED
This company · 05847941

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 (Max) Limited
Corporate entity
75100%
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 →

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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
Incorporated2006-06-15
Jurisdictionengland-wales
Primary SIC55100 — Hotels and similar accommodation

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: 2026-06-29
Last: 2025-06-15

Officers (4 active · 10 resigned)

A G SECRETARIAL LIMITED
corporate-secretary · appointed 2006-06-15
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 2006-07-26 · resigned 2009-11-16
Resigned
LANDESBERG, Gary Mitchell
director · ~66y · appointed 2006-07-26 · 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 2006-07-26 · resigned 2009-09-16
Resigned
ROSENBERG, Elliot Simon
director · ~66y · appointed 2006-07-26 · resigned 2009-09-16
Resigned
INHOCO FORMATIONS LIMITED
corporate-nominee-director · appointed 2006-06-15 · resigned 2006-07-27
Resigned

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

Mortgages & charges

41
Total charges
6
Outstanding
4
Active lenders
Status:Lender:41 of 41 shown
TypeProperties
satisfied
Intermediate Capital Group as Security Trustee
Intermediate Capital Group PLC as Security Trustee
A registered charge1 property19/08/202101/05/2026
satisfied
Intermediate Capital Group as Security Trustee
Intermediate Capital Group PLC as Security Trustee
A registered charge3 properties06/12/201701/05/2026
satisfied
U.S. Bank Trustees (As Security Agent for the Beneficiaries)
U.S. Bank Trustees Limited (As Security Agent for the Beneficiaries)
A registered charge1 property09/10/201408/12/2017
outstanding
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
A registered charge1 property08/08/2014
satisfied
U.S. Bank Trustees (Security Agent)
U.S. Bank Trustees Limited (Security Agent)
A registered charge1 property08/08/201408/12/2017
satisfied
U.S.Bank Trustees as Security Trustee for the Beneficiaries (Security Agent)
U.S.Bank Trustees Limited as Security Trustee for the Beneficiaries (Security Agent)
A registered charge2 properties30/04/201408/12/2017
outstanding
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
A registered charge2 properties30/04/2014
satisfied
U.S. Bank Trustees as Security Trustee for the Beneficiaries
U.S. Bank Trustees Limited as Security Trustee for the Beneficiaries
A registered charge1 property27/01/201408/12/2017
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
outstanding
The Mayor and Burgesses of the London Borough of Redbridge
Rent deposit deed1 property01/06/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Supplemental legal mortgage1 property13/12/201127/12/2012
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Supplemental legal mortgage1 property23/08/201127/12/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
Supplemental legal mortgage2 properties23/08/201127/12/2012
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Supplemental legal mortgage1 property01/07/201027/12/2012
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Supplemental legal mortgage2 properties01/07/201027/12/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
Supplemental legal mortgage2 properties01/07/201027/12/2012
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
A supplemental legal mortgage1 property27/04/201027/12/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
A supplemental legal mortgage1 property27/04/201027/12/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
Supplemental legal mortgage1 property22/04/201021/11/2012
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Supplemental legal mortgage1 property22/04/201021/11/2012
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
Supplemental legal mortgage1 property22/04/201007/02/2013
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Supplemental legal mortgage1 property22/04/201007/02/2013
satisfied
Lloyds Banking Group
Lloyds Tsb Bank in Its Security as Security Trustee
A supplental legal mortgage supplemental to a debenture dated 17TH november 2009 and1 property22/04/201021/11/2012
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
A supplemental legal mortgage supplemental to an intra-group debenture dated 17 november 20091 property22/04/201007/02/2013
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Supplemental legal mortgage, supplemental to an inter-group debenture dated 17 november 2009 and1 property22/04/201021/11/2012
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC in Its Capacity as Security Trustee
Debenture1 property17/11/200907/02/2013
satisfied
Admiral Taverns Bidco
Admiral Taverns Bidco Limited
Debenture1 property17/11/200907/02/2013
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Debenture1 property30/01/200902/12/2009
outstanding
Douglas William Brackenboro
Rent deposit deed1 property07/05/2008
outstanding
Pointland
Pointland Limited
Rent deposit deed1 property02/05/2008
satisfied
Southampton City Council
Rent deposit deed1 property03/04/200818/12/2012
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
Outridge
Outridge LTD
Legal charge1 property27/02/200702/12/2009
satisfied
Whitbread
Whitbread PLC
Successor deed2 properties06/09/200607/12/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property06/09/200605/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Legal charge1 property06/09/200605/09/2007
satisfied
Nationwide
Irish Nationwide Building Society
Debenture1 property14/08/200603/02/2009
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (611 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-05-01
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-01
accounts-with-accounts-type-full
accounts · AA
2026-02-23
change-corporate-secretary-company-with-change-date
officers · CH04
2025-12-03
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
2025-06-16
accounts-with-accounts-type-full
accounts · AA
2025-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-17
accounts-with-accounts-type-full
accounts · AA
2024-03-06
mortgage-charge-part-both-with-charge-number
mortgage · MR05
2024-01-12
mortgage-charge-part-both-with-charge-number
mortgage · MR05
2024-01-12
mortgage-charge-part-both-with-charge-number
mortgage · MR05
2024-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-15