ADMIRAL TAVERNS (780) LIMITED
- 56302Public houses and bars
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
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.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-01 | 2024-05-26 |
|---|---|---|
| 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 employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 2 mortgage
- • 2 mortgage
- • 1 accounts
- • 2 mortgage
- • 2 address
- • 1 accounts
Corporate timeline (120 events)Click to expand
- 2026-05-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-01🔓Charge satisfied #41
- 2026-05-01🔓Charge satisfied #40
- 2026-02-23📄accounts-with-accounts-type-fullaccounts · AA
- 2025-12-03📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2025-12-01📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2025-12-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-12-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-02-03📄accounts-with-accounts-type-fullaccounts · AA
- 2024-03-06📄accounts-with-accounts-type-fullaccounts · AA
- 2024-01-12📄mortgage-charge-part-both-with-charge-numbermortgage · MR05
- 2024-01-12📄mortgage-charge-part-both-with-charge-numbermortgage · MR05
- 2024-01-12📄mortgage-charge-part-both-with-charge-numbermortgage · MR05
- 2023-05-23📄accounts-with-accounts-type-fullaccounts · AA
- 2022-01-13📄accounts-with-accounts-type-fullaccounts · AA
- 2021-08-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-19🔒Charge registered #41Lender: Intermediate Capital Group PLC as Security Trustee
- 2021-04-28📄accounts-with-accounts-type-fullaccounts · AA
- 2020-12-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2020-12-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-06-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2020-03-31➖PEARSON, Glenn resigneddirector
- 2020-03-02➕GRAY, Nicholas Peter Sedgewick appointeddirector
- 2019-09-01➖GEORGEL, Kevin Roger resigneddirector
- 2019-07-15➕JOWSEY, Christopher Michael appointeddirector
- 2017-12-08🔓Charge satisfied #39
- 2017-12-08🔓Charge satisfied #37
- 2017-12-08🔓Charge satisfied #36
- 2017-12-08🔓Charge satisfied #34
- 2017-12-08🔓Charge satisfied #32
- 2017-12-06🔒Charge registered #40Lender: Intermediate Capital Group PLC as Security Trustee
- 2014-10-09🔒Charge registered #39Lender: U.S. Bank Trustees Limited (As Security Agent for the Beneficiaries)
- 2014-08-08🔒Charge registered #38Lender: Admiral Taverns Bidco Limited
- 2014-08-08🔒Charge registered #37Lender: U.S. Bank Trustees Limited (Security Agent)
- 2014-04-30🔒Charge registered #36Lender: U.S.Bank Trustees Limited as Security Trustee for the Beneficiaries (Security Agent)
- 2014-04-30🔒Charge registered #35Lender: Admiral Taverns Bidco Limited
- 2014-01-31➖PAVELEY, Jonathan David, Dr resigneddirector
- 2014-01-27🔒Charge registered #34Lender: U.S. Bank Trustees Limited as Security Trustee for the Beneficiaries
- 2013-06-27🔒Charge registered #33Lender: Admiral Taverns Bidco Limited
- 2013-06-27🔒Charge registered #32Lender: U.S. Bank Trustees Limited (As Security Agent and Trustee for the Beneficiaries)
- 2013-02-07🔓Charge satisfied #19
- 2013-02-07🔓Charge satisfied #18
- 2013-02-07🔓Charge satisfied #16
- 2013-02-07🔓Charge satisfied #14
- 2013-02-07🔓Charge satisfied #13
- 2012-12-27🔓Charge satisfied #30
- 2012-12-27🔓Charge satisfied #29
- 2012-12-27🔓Charge satisfied #28
- 2012-12-27🔓Charge satisfied #27
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
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.
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 |
|---|---|---|---|---|
Admiral Taverns (Max) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (4 active · 10 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Intermediate Capital Group as Security Trustee Intermediate Capital Group PLC as Security Trustee | A registered charge | 1 property | 19/08/2021 | 01/05/2026 | |
| satisfied | Intermediate Capital Group as Security Trustee Intermediate Capital Group PLC as Security Trustee | A registered charge | 3 properties | 06/12/2017 | 01/05/2026 | |
| satisfied | U.S. Bank Trustees (As Security Agent for the Beneficiaries) U.S. Bank Trustees Limited (As Security Agent for the Beneficiaries) | A registered charge | 1 property | 09/10/2014 | 08/12/2017 | |
| outstanding | Admiral Taverns Bidco Admiral Taverns Bidco Limited | A registered charge | 1 property | 08/08/2014 | — | |
| satisfied | U.S. Bank Trustees (Security Agent) U.S. Bank Trustees Limited (Security Agent) | A registered charge | 1 property | 08/08/2014 | 08/12/2017 | |
| 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 charge | 2 properties | 30/04/2014 | 08/12/2017 | |
| outstanding | Admiral Taverns Bidco Admiral Taverns Bidco Limited | A registered charge | 2 properties | 30/04/2014 | — | |
| satisfied | U.S. Bank Trustees as Security Trustee for the Beneficiaries U.S. Bank Trustees Limited as Security Trustee for the Beneficiaries | A registered charge | 1 property | 27/01/2014 | 08/12/2017 | |
| part-satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | A registered charge | 1 property | 27/06/2013 | — | |
| 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 charge | 1 property | 27/06/2013 | 08/12/2017 | |
| outstanding | The Mayor and Burgesses of the London Borough of Redbridge | Rent deposit deed | 1 property | 01/06/2012 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Supplemental legal mortgage | 1 property | 13/12/2011 | 27/12/2012 | |
| satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | Supplemental legal mortgage | 1 property | 23/08/2011 | 27/12/2012 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC in Its Capacity as Security Trustee | Supplemental legal mortgage | 2 properties | 23/08/2011 | 27/12/2012 | |
| satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | Supplemental legal mortgage | 1 property | 01/07/2010 | 27/12/2012 | |
| satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | Supplemental legal mortgage | 2 properties | 01/07/2010 | 27/12/2012 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC in Its Capacity as Security Trustee | Supplemental legal mortgage | 2 properties | 01/07/2010 | 27/12/2012 | |
| satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | A supplemental legal mortgage | 1 property | 27/04/2010 | 27/12/2012 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC in Its Capacity as Security Trustee | A supplemental legal mortgage | 1 property | 27/04/2010 | 27/12/2012 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC in Its Capacity as Security Trustee | Supplemental legal mortgage | 1 property | 22/04/2010 | 21/11/2012 | |
| satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | Supplemental legal mortgage | 1 property | 22/04/2010 | 21/11/2012 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC in Its Capacity as Security Trustee | Supplemental legal mortgage | 1 property | 22/04/2010 | 27/12/2012 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Supplemental legal mortgage | 1 property | 22/04/2010 | 07/02/2013 | |
| satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | Supplemental legal mortgage | 1 property | 22/04/2010 | 07/02/2013 | |
| 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 and | 1 property | 22/04/2010 | 21/11/2012 | |
| satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | A supplemental legal mortgage supplemental to an intra-group debenture dated 17 november 2009 | 1 property | 22/04/2010 | 07/02/2013 | |
| satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | Supplemental legal mortgage, supplemental to an inter-group debenture dated 17 november 2009 and | 1 property | 22/04/2010 | 21/11/2012 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC in Its Capacity as Security Trustee | Debenture | 1 property | 17/11/2009 | 07/02/2013 | |
| satisfied | Admiral Taverns Bidco Admiral Taverns Bidco Limited | Debenture | 1 property | 17/11/2009 | 07/02/2013 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Debenture | 1 property | 30/01/2009 | 02/12/2009 | |
| outstanding | Douglas William Brackenboro | Rent deposit deed | 1 property | 07/05/2008 | — | |
| outstanding | Pointland Pointland Limited | Rent deposit deed | 1 property | 02/05/2008 | — | |
| satisfied | Southampton City Council | Rent deposit deed | 1 property | 03/04/2008 | 18/12/2012 | |
| satisfied | Nationwide Irish Nationwide Building Society | Debenture | 1 property | 24/07/2007 | 02/12/2009 | |
| satisfied | Nationwide Irish Nationwide Building Society | Legal charge | 1 property | 24/07/2007 | 02/12/2009 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 24/07/2007 | 02/12/2009 | |
| satisfied | Outridge Outridge LTD | Legal charge | 1 property | 27/02/2007 | 02/12/2009 | |
| satisfied | Whitbread Whitbread PLC | Successor deed | 2 properties | 06/09/2006 | 07/12/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 06/09/2006 | 05/09/2007 | |
| satisfied | Nationwide Irish Nationwide Building Society | Legal charge | 1 property | 06/09/2006 | 05/09/2007 | |
| satisfied | Nationwide Irish Nationwide Building Society | Debenture | 1 property | 14/08/2006 | 03/02/2009 |