CARNELLIS STORES (ST IVES) LIMITED
🌳Matureactive
08658784 · ltd · incorporated 2013-08-21
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 12.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2026
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 47190Other retail sale in non-specialised stores
- 68209Other letting and operating of own or leased real estate
Investor take
PursueActive trading company with a 74-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 74). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 12.5y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 12.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Average employees | 5 | 500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
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 (22 events)Click to expand
- 2026-05-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-19🔒Charge registered #2Lender: Nat West
- 2024-06-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-31📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2022-08-31📍change-sail-address-company-with-new-addressaddress · AD02
- 2022-06-15📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2021-11-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2014-02-05🔒Charge registered #1Lender: National Westminster Bank PLC
- 2013-08-21🏢Company incorporatedAs CARNELLIS STORES (ST IVES) LIMITED
- 2013-08-21➕PATEL, Deep appointeddirector
- 2013-08-21➕PATEL, Dipti Kiritkumar appointeddirector
- 2013-08-21➕PATEL, Kiritkumar Parshotam appointeddirector
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Founder age: Director aged approximately 74 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
73/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Deep Patel Individual · British · DOB 08/1986 · age 40 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/07/2016 |
1 historic (ceased) PSC
- Mr Deep Patelceased 01/07/2016· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| BIGDAWGS LTD→ 13906020 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BOLT VINTAGE LTD→ 15402343 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BROS WATCHES LTD→ 15500959 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BRYLUEN BOTANICALS LTD→ 15867567 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BY SARAH JOHNSON LTD→ 15615723 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CALICO CORNWALL LIMITED→ 07563979 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| CALLIS A LIMITED→ 11282389 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CANVAS & STONE LTD→ 16817351 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CAPGO INTERNATIONAL LTD→ 14491437 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CARD CLOUD LTD→ 14437845 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CARGO&CO LIMITED→ 11813306 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| CARNLEIGH LTD→ 05513199 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
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
Incorporated2013-08-21
Jurisdictionengland-wales
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating
Registered office
Carnellis Stores
Carnellis Road
St Ives
Cornwall
TR26 1BW
Filing status
Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2026-09-04
Last: 2025-08-21
Officers (3 active · 0 resigned)
Active
PATEL, Dipti Kiritkumar→
Activedirector · ~65y · appointed 2013-08-21
View their other companies + combined net worth →
PATEL, Kiritkumar Parshotam→
Activedirector · ~74y · appointed 2013-08-21
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Nat West | A registered charge | 1 property | 19/07/2024 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 05/02/2014 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (37 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-31
move-registers-to-sail-company-with-new-address
address · AD03
2022-08-31
change-sail-address-company-with-new-address
address · AD02
2022-08-31
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2022-06-15