HOTEL POLURRIAN (TSP OPERATIONS) LIMITED

🌳Matureactive

07524136 · ltd · incorporated 2011-02-09

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£-1.46M

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Hotels and similar accommodation

Sector: Accommodation & food service

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 15.3y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 15.3 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

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

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

10 officers (6 active, 10 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

19 connected companies via shared directors

Filing history

80 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

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £1,462,157

Cash YoY

-16%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£104k

↓ 16% YoY

Net Worth

-£1.5m

↓ 71% YoY

Current Assets

£419k

↑ 15% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£1.31M	£1.38M
Current assets	£419.5k	£365.7k
Cash	£104.1k	£123.8k
Debtors	£283.9k	£209.1k
Net assets	£-1.46M	£-856.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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

filings

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 1 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (48 events)Click to expand

2026-04-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-31
➕
TURNER, Nicholas James appointed
director
2025-11-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-27
🔒
Charge registered #8
Lender: Ortus Secured Finance I Limited (Company Number: 08380992) as Security Trustee
2025-09-30
📄
accounts-with-accounts-type-small
accounts · AA
2025-07-10
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-08
📄
resolution
resolution · RESOLUTIONS
2025-07-07
📄
memorandum-articles
incorporation · MA
2025-07-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-27
🔒
Charge registered #7
Lender: Ortus Secured Finance I Limited (Company Number 08380992) as Security Trustee
2025-06-27
🔒
Charge registered #6
Lender: Ortus Secured Finance I Limited (Company Number 08380992) as Security Trustee
2025-01-21
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2024-09-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-25
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-06-25
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-17
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2022-02-03
📄
resolution
resolution · RESOLUTIONS
2022-02-03
📄
memorandum-articles
incorporation · MA
2022-02-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-02
🔓
Charge satisfied #5
2022-02-01
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2022-01-31
➕
LONG, Andrew Edward appointed
director
2022-01-31
➕
LONG, Jean appointed
director
2022-01-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-31
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-07-27
🔓
Charge satisfied #4
2021-07-27
🔓
Charge satisfied #3
2021-07-27
🔓
Charge satisfied #2
2021-07-27
🔓
Charge satisfied #1
2021-06-28
🔒
Charge registered #5
Lender: Ortus Secured Finance I Limited
2020-06-17
➖
CLARK, Paul Andrew resigned
director
2020-01-31
🔒
Charge registered #4
Lender: Barclays Bank PLC
2020-01-28
➕
NARES, Anthony James Brewis appointed
director
2019-01-07
➖
BURLEY, Adrian Paul resigned
director
2019-01-07
➖
NARES, Anthony James Brewis resigned
director
2019-01-02
🔒
Charge registered #3
Lender: Aura Finance Limited
2018-12-13
➕
BURLEY, Adrian Paul appointed
director
2018-10-26
➕
NARES, Anthony James Brewis appointed
director
2011-12-31
➖
SHERWOOD, Martin William resigned
director
2011-03-03
🔒
Charge registered #2
Lender: Barclays Bank PLC
2011-02-28
🔒
Charge registered #1
Lender: Barclays Bank PLC (The Security Trustee)
2011-02-21
➕
SHERWOOD, Martin William appointed
director
2011-02-09
🏢
Company incorporated
As HOTEL POLURRIAN (TSP OPERATIONS) LIMITED
2011-02-09
➕
KHEPRI CORPORATE SERVICES LIMITED appointed
corporate-secretary
2011-02-09
➕
CHAPMAN, Nigel Peter appointed
director
2011-02-09
➕
CLARK, Paul Andrew appointed
director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 76 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 15 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·

3 new charges in last 12 months

medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-10-27: A registered charge; 2025-06-27: A registered charge; 2025-06-27: A registered charge

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.

Group structure

Loxley Collection (TSP Group) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Loxley Collection (TSP Group) Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

HOTEL POLURRIAN (TSP OPERATIONS) LIMITED

This company · 07524136

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
Loxley Collection (TSP Group) Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	17/06/2024

2 historic (ceased) PSCs

Travel Sector Property Limitedceased 17/06/2024· 75-100% shares · 75-100% voting · board control
Halcyon Hotels And Resorts Plcceased 31/01/2022· 75-100% shares · 75-100% voting · firm interest

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

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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ABACUS HOSPITALITY LIMITED→ 09344149 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
ADITUM ENGINEERING LTD→ 11776483 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
ARCHWAY CATERING LTD→ 16363876 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ARDESEN LIMITED→ 06652289 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
ARDINOV LTD→ 15257734 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ART PIZZA LTD→ 16960777 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ASHA INDIAN RESTAURANT ( LOUTH) LTD→ 15842105 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ASHLIN FARM BARNS LTD→ 11723809 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ASOY CATERING LTD→ 16183394 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AUTHENTIC ASIA LTD→ 15750034 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AVANTI RESTAURANTS LTD→ 12252657 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
AYAN CATERING LIMITED→ 16485960 · est 2025 · no financials extracted	—	—	—	—	—	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2011-02-09

Jurisdictionengland-wales

Primary SIC55100 — Hotels and similar accommodation

Registered office

The Old Rectory Rectory Road

Coleby

Lincoln

Lincolnshire

LN5 0AJ

England

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-02-23

Last: 2026-02-09