23 TOLCARNE ROAD LIMITED

💤Zombieactive

06000926 · ltd · incorporated 2006-11-16

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2024

Net worth

—

book net assets

Opportunity

78/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Residents property management

Sector: Activities of households

Investor take

Pursue

Asset-holding vehicle with a 63-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (69/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

11 officers (1 active, 11 linked, 10 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

73 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

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

Few red flags.

Signal strength

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 · accounting standard unknown

Metric	2024-11-30	2023-11-30

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 officers

Counts from Companies House filing history.

Corporate timeline (39 events)Click to expand

2025-12-17
➖
FREIER, Carl Lee resigned
director
2025-12-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-01
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-05-30
➖
HARRIS, Laura Kate resigned
director
2025-02-15
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-07-05
➖
SANSOM, Pauline Ann resigned
director
2021-08-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-11-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-11-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-09-27
➖
SEABORN, Martin Nicholas Naylor resigned
director
2019-08-31
➕
HARRIS, Laura Kate appointed
director
2019-08-30
➖
KERR, Melanie Clare resigned
director
2019-08-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-05-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-04-30
➖
KERR, Benjamin Oliver Satchwell resigned
director
2019-03-25
➕
FREIER, Carl Lee appointed
director
2010-03-12
➖
UDY, Lerryn Joanna resigned
director
2008-06-05
➖
EMANUEL, Nicola Jane resigned
secretary
2007-11-12
➕
STEELEY, Peter William appointed
director
2007-11-12
➖
EMANUEL, Nicholas Michael resigned
director
2007-11-12
➖
EMANUEL, Nicola Jane resigned
director
2007-11-12
➕
KERR, Benjamin Oliver Satchwell appointed
director
2007-11-12
➕
KERR, Melanie Clare appointed
director
2007-11-12
➕
SANSOM, Pauline Ann appointed
director
2007-11-12
➕
SEABORN, Martin Nicholas Naylor appointed
director
2007-11-12
➕
UDY, Lerryn Joanna appointed
director
2006-11-16
🏢
Company incorporated
As 23 TOLCARNE ROAD LIMITED
2006-11-16
➕
EMANUEL, Nicola Jane appointed
secretary
2006-11-16
➕
EMANUEL, Nicholas Michael appointed
director
2006-11-16
➕
EMANUEL, Nicola Jane appointed
director

Owner dependency

93/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

88/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 19 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 director resignations in last 12 months

medium

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

Evidence: FREIER, Carl Lee resigned 2025-12-17; HARRIS, Laura Kate resigned 2025-05-30

Similar companies

Active · Holding company · TR postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
10 BAY VIEW TERRACE LTD→ 16312338 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
11 CLARENCE STREET LTD→ 11662126 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
128 MOUNT WISE MANAGEMENT COMPANY LIMITED→ 15977694 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
13 CLARENCE STREET MANAGEMENT LIMITED→ 04080360 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
13 SOUTH LTD→ 15261874 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
14 ST MARGARETS ROAD OXFORD LIMITED→ 02736224 · est 1992 · no financials extracted	—	—	—	—	33y	—	—
15 HIGHER MARKET STREET MANAGEMENT COMPANY LIMITED→ 05209059 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
15-17 CASTLE GREEN MANAGEMENT LIMITED→ 10933350 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
2 AVENUE ROAD MANAGEMENT COMPANY LIMITED→ 04122060 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
2 BELMONT VILLAS MANAGEMENT COMPANY LIMITED→ 05509629 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
22 EDGCUMBE AVENUE MANAGEMENT COMPANY LIMITED→ 06955448 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
235 ELGIN AVENUE LIMITED→ 02518797 · est 1990 · no financials extracted	—	—	—	—	35y	—	—

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

Incorporated2006-11-16

Jurisdictionengland-wales

Primary SIC98000 — Residents property management

Registered office

C/O Penina Property Management

19 Pargolla Road

Newquay

Cornwall

TR7 1RP

United Kingdom

Filing status

Accounts

Next due: 2026-08-31

Last made up to: 2024-11-30

Confirmation statement

Next due: 2026-11-30

Last: 2025-11-16

Officers (1 active · 10 resigned)

STEELEY, Peter William→

director · ~63y · appointed 2007-11-12

View their other companies + combined net worth →

Active

EMANUEL, Nicola Jane→

secretary · appointed 2006-11-16 · resigned 2008-06-05

Resigned

EMANUEL, Nicholas Michael→

director · ~56y · appointed 2006-11-16 · resigned 2007-11-12

Resigned

EMANUEL, Nicola Jane→

director · ~55y · appointed 2006-11-16 · resigned 2007-11-12

Resigned

FREIER, Carl Lee→

director · ~42y · appointed 2019-03-25 · resigned 2025-12-17

Resigned

HARRIS, Laura Kate→

director · ~53y · appointed 2019-08-31 · resigned 2025-05-30

Resigned

KERR, Benjamin Oliver Satchwell→

director · ~50y · appointed 2007-11-12 · resigned 2019-04-30

Resigned

KERR, Melanie Clare→

director · ~50y · appointed 2007-11-12 · resigned 2019-08-30

Resigned

SANSOM, Pauline Ann→

director · ~77y · appointed 2007-11-12 · resigned 2022-07-05

Resigned

SEABORN, Martin Nicholas Naylor→

director · ~39y · appointed 2007-11-12 · resigned 2019-09-27

Resigned

UDY, Lerryn Joanna→

director · ~44y · appointed 2007-11-12 · resigned 2010-03-12

Resigned

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

Recent filings (73 total)

termination-director-company-with-name-termination-date

officers · TM01

2025-12-17

confirmation-statement-with-updates

confirmation-statement · CS01

2025-11-17

accounts-with-accounts-type-micro-entity

accounts · AA

2025-08-15

change-person-director-company-with-change-date

officers · CH01

2025-07-01

termination-director-company-with-name-termination-date

officers · TM01

2025-06-11

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-02-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-11-25

accounts-with-accounts-type-micro-entity

accounts · AA

2024-08-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-11-24

accounts-with-accounts-type-micro-entity

accounts · AA

2023-08-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-12-19

accounts-with-accounts-type-micro-entity

accounts · AA

2022-08-30

termination-director-company-with-name-termination-date

officers · TM01

2022-07-11

confirmation-statement-with-updates

confirmation-statement · CS01

2021-12-23

accounts-with-accounts-type-micro-entity

accounts · AA

2021-08-23