HYDON LTD
🌳Matureactive
05853492 · ltd · incorporated 2006-06-21
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£430.4k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 62-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (80/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 18.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 18.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)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
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 4 with DOB)
80
Ownership & PSC
3 active PSC(s) of 8 total, 8 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
95 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
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £430,401
Key financials
2 years extracted from filed iXBRL accountsCash
£16k
Net Worth
£430k
Current Assets
£31k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £673.8k | — |
| Current assets | £30.7k | — |
| Cash | £16.2k | — |
| Debtors | £14.5k | — |
| Net assets | £430.4k | — |
| Average employees | — | 200 |
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
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
- 2026-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-15📄resolutionresolution · RESOLUTIONS
- 2025-07-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-07-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-01-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-01-31📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-27🔓Charge satisfied #7
- 2025-01-27🔓Charge satisfied #6
- 2025-01-27🔓Charge satisfied #5
- 2025-01-27🔓Charge satisfied #4
- 2024-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-25📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-08-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-02-23✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2023-02-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-20📄resolutionresolution · RESOLUTIONS
- 2022-10-07➕WADSWORTH, Timothy Murray appointedsecretary
- 2022-10-07➖WADSWORTH, Jonathan Murray resignedsecretary
- 2022-10-07➖WADSWORTH, Jonathan Murray resigneddirector
- 2022-10-06➕WADSWORTH, Rachel Delia appointeddirector
- 2022-09-25➖WILKINSON, Charles George resigneddirector
- 2010-08-25🔓Charge satisfied #3
- 2010-08-25🔓Charge satisfied #2
- 2010-08-25🔓Charge satisfied #1
- 2010-08-13🔒Charge registered #7Lender: Santander UK PLC
- 2010-08-13🔒Charge registered #6Lender: Santander UK PLC
- 2010-08-13🔒Charge registered #5Lender: Santander UK PLC
- 2010-08-13🔒Charge registered #4Lender: Santander UK PLC
- 2008-10-01🔒Charge registered #3Lender: National Westminster Bank PLC
- 2008-02-19🔒Charge registered #2Lender: National Westminster Bank PLC
- 2008-02-19🔒Charge registered #1Lender: Seagull Developments Limited
- 2006-06-21🏢Company incorporatedAs HYDON LTD
- 2006-06-21➕WADSWORTH, Timothy Murray appointeddirector
- 2006-06-21➕WADSWORTH, Jonathan Murray appointedsecretary
- 2006-06-21➕SECRETARIAL APPOINTMENTS LIMITED appointedcorporate-nominee-secretary
- 2006-06-21➖SECRETARIAL APPOINTMENTS LIMITED resignedcorporate-nominee-secretary
- 2006-06-21➕WADSWORTH, Jonathan Murray appointeddirector
- 2006-06-21➕WILKINSON, Charles George appointeddirector
- 2006-06-21➕CORPORATE APPOINTMENTS LIMITED appointedcorporate-nominee-director
- 2006-06-21➖CORPORATE APPOINTMENTS LIMITED resignedcorporate-nominee-director
Owner dependency
84/100
Critical — business is the founderThe 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 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
69/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️ultimate parent
Hydon (Holdings) Ltd
Corporate parent · holds 75-100% shares
🏛️ultimate parent
Hydon (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
⬇
HYDON LTD
This company · 05853492
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Hydon (Holdings) Ltd Corporate entity | 75–100% | — | 75-100% shares | 31/01/2025 |
Hydon (Holdings) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 18/12/2023 |
Mr Tim Wadsworth Individual · British · DOB 05/1964 · age 62 | 25–50% | — | 25-50% shares | 31/01/2025 |
5 historic (ceased) PSCs
- Mrs Rachel Wadsworthceased 03/07/2025· 25-50% shares
- Hydon (Tonedale) Limitedceased 18/12/2023· 25-50% shares · 25-50% voting · board control
- Mrs Rachel Delia Wadsworthceased 31/01/2025· 25-50% shares · 25-50% voting
- Mr Jonathan Murray Wadsworthceased 07/10/2022· 25-50% voting
- Mr Charles George Wilkinsonceased 25/09/2022· 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 · Property · EX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 2 BRYANTWOOD ROAD RTM COMPANY LIMITED→ 07313242 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 2 QUEEN ANNES HIGH STREET (BIDEFORD) MANAGEMENT COMPANY LIMITED→ 05962980 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| 21 LUSHINGTON ROAD LIMITED→ 11104556 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 247 PROPERTY AUCTIONS LTD→ 12187303 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 313 CAPITAL PROPERTIES LTD→ 15804850 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 32 MORTON ROAD MANAGEMENT LIMITED→ 05363076 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| 33, POLSLOE ROAD (EXETER) LIMITED→ 02377765 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| 332 TOPSHAM ROAD LTD→ 16418229 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 35 BIDEFORD HIGH STREET LTD→ 12999545 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 361 INVESTMENTS LTD→ 15140473 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 39 ANKER STREET LIMITED→ 15391505 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 3L DEVELOPMENTS LTD→ 10090122 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2006-06-21
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
1 Bystock Close, Queens Terrace
Exeter
EX4 4JJ
England
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-05
Last: 2025-06-21
Officers (3 active · 5 resigned)
WADSWORTH, Timothy Murray→
Activesecretary · appointed 2022-10-07
View their other companies + combined net worth →
WADSWORTH, Rachel Delia→
Activedirector · ~62y · appointed 2022-10-06
View their other companies + combined net worth →
WADSWORTH, Timothy Murray→
Activedirector · ~62y · appointed 2006-06-21
View their other companies + combined net worth →
WADSWORTH, Jonathan Murray→
Resignedsecretary · appointed 2006-06-21 · resigned 2022-10-07
SECRETARIAL APPOINTMENTS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2006-06-21 · resigned 2006-06-21
WADSWORTH, Jonathan Murray→
Resigneddirector · ~59y · appointed 2006-06-21 · resigned 2022-10-07
WILKINSON, Charles George→
Resigneddirector · ~69y · appointed 2006-06-21 · resigned 2022-09-25
CORPORATE APPOINTMENTS LIMITED→
Resignedcorporate-nominee-director · appointed 2006-06-21 · resigned 2006-06-21
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Santander Santander UK PLC | Assignment of rental income | 1 property | 13/08/2010 | 27/01/2025 | |
| satisfied | Santander Santander UK PLC | Assignment of rental income | 1 property | 13/08/2010 | 27/01/2025 | |
| satisfied | Santander Santander UK PLC | Legal and general charge | 1 property | 13/08/2010 | 27/01/2025 | |
| satisfied | Santander Santander UK PLC | Legal and general charge | 1 property | 13/08/2010 | 27/01/2025 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 01/10/2008 | 25/08/2010 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 19/02/2008 | 25/08/2010 | |
| satisfied | Seagull Developments Seagull Developments Limited | Second legal charge | 1 property | 19/02/2008 | 25/08/2010 |
Recent filings (95 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
resolution
resolution · RESOLUTIONS
2025-07-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-07-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-01-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-31
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03