CORNISH PIRATES LIMITED

🌳Matureactive

06011649 · ltd · incorporated 2006-11-28

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 5.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

£11.4k

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Other sports activities

Sector: Arts, entertainment & recreation

Investor take

Special-situation opportunity

Distressed leisure with salvageable qualities — special-situations priority.

Opportunity 71/100 (strong), bankability 80/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 5.4y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 5.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

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

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

27 officers (7 active, 27 linked, 20 with DOB)

Ownership & PSC

1 active PSC(s) of 5 total, 5 with control declared

Director network

17 connected companies via shared directors

Filing history

153 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £11,421

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£11k

Current Assets

£12k

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-06-30	2024-06-30
Total assets	£11.4k	—
Current assets	£11.8k	—
Net assets	£11.4k	—
Average employees	—	800

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

• 6 capital
• 1 confirmation-statement
• 1 resolution

Last 180 days

filings

• 6 capital
• 1 confirmation-statement
• 1 resolution

Counts from Companies House filing history.

Corporate timeline (72 events)Click to expand

2026-06-22
📄
capital-sale-or-transfer-treasury-shares-with-date-currency-capital-figure
capital · SH04
2026-06-22
📄
capital-sale-or-transfer-treasury-shares-with-date-currency-capital-figure
capital · SH04
2026-06-19
📄
capital-name-of-class-of-shares
capital · SH08
2026-06-19
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2026-06-05
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-06-05
📄
resolution
resolution · RESOLUTIONS
2026-06-05
📄
legacy
capital · SH20
2026-06-05
⚠️
legacy
insolvency · CAP-SS
2026-04-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-04-27
➕
WASTNAGE, Richard John appointed
director
2026-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-18
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-19
📄
capital-allotment-shares
capital · SH01
2025-07-18
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2025-07-17
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2025-07-01
📄
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2025-07-01
📄
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2025-04-29
📄
memorandum-articles
incorporation · MA
2025-04-29
📄
resolution
resolution · RESOLUTIONS
2025-04-23
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-23
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-31
➕
PETTIPHER, Sally Elizabeth appointed
director
2025-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-31
📄
capital-allotment-shares
capital · SH01
2025-03-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-22
➕
CHAMP, Philip Anthony appointed
director
2025-01-22
➕
WHYTE, Anthony Raymond appointed
director
2025-01-21
➖
EVANS, Richard Grenville Russell resigned
director
2025-01-21
➖
GROVES, Colin Joseph Ronald resigned
director
2025-01-21
➖
HAAG, Martin resigned
director
2025-01-21
➖
STONE, Graham resigned
director
2025-01-21
➖
TUCKER, Martin David resigned
director
2024-11-12
➕
PETTIPHER, Sally Elizabeth appointed
secretary
2024-11-12
➖
MURRELL ASSOCIATES LLP resigned
corporate-secretary
2024-08-15
➖
THOMAS, Rebecca Jane resigned
director
2023-04-11
➖
JOHNS, Stewart resigned
director
2022-10-21
➕
JOHNS, Stewart appointed
director
2022-01-16
➖
MYNERS, Paul resigned
director
2021-03-05
🔒
Charge registered #1
Lender: The English Sports Council
2020-08-24
➕
MYNERS, Paul appointed
director
2019-05-22
➖
MURRELL ASSOCIATES LIMITED resigned
corporate-secretary
2019-05-22
➕
MURRELL ASSOCIATES LLP appointed
corporate-secretary
2018-06-18
➕
THOMAS, Rebecca Jane appointed
director
2016-09-23
➕
MURRELL ASSOCIATES LIMITED appointed
corporate-secretary
2016-09-22
➕
DURKIN, Paul Vincent appointed
director
2016-09-22
➕
HUDSON, Martin John appointed
director
2016-09-22
➖
EASTLAKE, Leslie resigned
secretary
2016-09-22
➖
CONNELL, Ian resigned
director
2016-09-22
➖
EASTLAKE, Leslie resigned
director
2016-09-22
➕
EVANS, Richard Grenville Russell appointed
director

Showing most recent 50 of 72 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

60/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.

Red flags

1 high · 1 med ·

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-06-05: legacy

Name changed 2 times

medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-07-18: certificate-change-of-name-company; 2025-07-17: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Martin John Hudson Individual · British · DOB 11/1957 · age 69	25–50%	—	25-50% shares	15/04/2025

4 historic (ceased) PSCs

Mr Richard Grenville Russell Evansceased 15/04/2025· 75-100% shares
Vorladron Limitedceased 16/11/2023· 50-75% shares · 50-75% voting
Mr Martin John Hudsonceased 14/02/2025· significant influence
Mr Richard Grenville Russell Evansceased 10/05/2021· significant influence

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 · Leisure & entertainment · TR postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BOXING CAT ARTS CIC→ 11392449 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
CAMBORNE TREVITHICK DAY CIC→ 15944798 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
CLOUD 9 HANG GLIDING & PARAGLIDING LIMITED→ 07214152 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
COLIN CURBISHLEY LTD→ 15903903 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
COPPICE THEATRE LTD→ 16947106 · est 2026 · no financials extracted	—	—	—	—	—	—	—
CORNISH ART EMPORIUM LTD→ 16314925 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
CORNISH GLASS ART LIMITED→ 12654927 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
CORNISH HOLIDAY COTTAGES LIMITED→ 07539479 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
CORNISH PLEASURE CRUISES LTD→ 14047718 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
CORNISH SINFONIA→ 03797637 · est 1999 · no financials extracted	—	—	—	—	26y	—	—
CORNWALL AND DEVON LAND ROVER CLUB LIMITED→ 02018631 · est 1986 · no financials extracted	—	—	—	—	39y	—	—
CORNWALL CRICKET BOARD LIMITED→ 07569795 · est 2011 · no financials extracted	—	—	—	—	15y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2006-11-28

Jurisdictionengland-wales

Primary SIC93199 — Other sports activities

Registered office

C/O Whyfield Truro Business Park

Threemilestone

Truro

TR4 9LF

England

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-07-07

Last: 2026-06-23