BLACKWATER EQUESTRIAN CENTRE LIMITED
🌳Matureactive
08684067 · ltd · incorporated 2013-09-10
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
£184.1k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Sports and recreation education
Sector: Education
ALSO REGISTERED FOR
- 93199Other sports activities
Investor take
PursueActive trading company with a 83-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 83). 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
3 live charges · 3 lenders · oldest 11.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
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 · FRS 102Positive net assets
Net assets £184,072
Net assets shrinking
Down £63,882 YoY
Cash draining
Cash down 55% YoY
Cash YoY
-55%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£854
↓ 55% YoY
Net Worth
£184k
↓ 26% YoY
Current Assets
£854
↓ 55% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £184.1k | £248.0k |
| Current assets | £854 | £1.9k |
| Cash | £854 | £1.9k |
| Net assets | £184.1k | £248.0k |
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
0
filings
Last 90 days
3
filings
- • 2 persons-with-significant-control
- • 1 capital
Last 180 days
3
filings
- • 2 persons-with-significant-control
- • 1 capital
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2026-05-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-05-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-05-20📄capital-allotment-sharescapital · SH01
- 2025-10-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-05➖STEEL, Catherine Mary resigneddirector
- 2025-06-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-03-19🔓Charge satisfied #2
- 2025-03-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-14🔒Charge registered #3Lender: Afp Assets Limited
- 2024-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-02-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-07🔓Charge satisfied #1
- 2023-09-06🔒Charge registered #2Lender: Reward Finance Group Limited
- 2023-09-01📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2022-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-27📄change-person-director-company-with-change-dateofficers · CH01
- 2019-03-13➕STEEL HALLION, Mark appointeddirector
- 2018-03-09➕STEEL, Catherine Mary appointeddirector
- 2014-12-15🔒Charge registered #1Lender: National Westminster Bank PLC
- 2013-09-10🏢Company incorporatedAs BLACKWATER EQUESTRIAN CENTRE LIMITED
- 2013-09-10➕STEEL, Richard Francis John appointeddirector
- 2013-09-10➕STEEL HALLION, Claire Louise appointeddirector
- 2013-09-10➕JOHN, Claire Louise Steel appointeddirector
- 2013-09-10➖JOHN, Claire Louise Steel resigneddirector
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 83 — 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 83 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
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.
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Miss Claire Louise Steel Hallion Individual · British · DOB 05/1982 · age 44 | 75–100% | 25–50% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
Mr Richard Francis John Steel Individual · British · DOB 07/1943 · age 83 | — | — | sig. influencesignificant influence | 06/04/2016 |
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 · Education & training · SO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ARDMORE GRESHAM CONSULTANCY LTD→ 12033791 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ASPIRE COMMUNITY TRUST→ 10931892 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| B&I LTD→ 12205238 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BEHOLD! PRODUCTIONS LIMITED→ 12991335 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BIG MOUTH THEATRE SCHOOLS & EVENTS LTD→ 14544665 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BIJOU'S DRIVING INSTRUCTION LTD→ 13871000 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BIZMIN CIC→ 13035349 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BMEC QUALIFICATIONS LIMITED→ 09296644 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| BOOM TRAINING LIMITED→ 08842128 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| BORUSSIA DIGITALS SPORTING ACADEMY CIC→ 16691657 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BOURNE COMMUNITY TRUST→ 06860258 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| BRADFORD INTERNATIONAL COLLEGE LIMITED→ 13307083 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2013-09-10
Jurisdictionengland-wales
Primary SIC85510 — Sports and recreation education
Registered office
Blackwater Equestrian
Foxes Lane, Wellow
Romsey
Hampshire
SO51 6EA
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24
Officers (3 active · 2 resigned)
STEEL, Richard Francis John→
Activedirector · ~83y · appointed 2013-09-10
View their other companies + combined net worth →
STEEL HALLION, Claire Louise→
Activedirector · ~44y · appointed 2013-09-10
View their other companies + combined net worth →
STEEL HALLION, Mark→
Activedirector · ~63y · appointed 2019-03-13
View their other companies + combined net worth →
JOHN, Claire Louise Steel→
Resigneddirector · ~44y · appointed 2013-09-10 · resigned 2013-09-10
STEEL, Catherine Mary→
Resigneddirector · ~68y · appointed 2018-03-09 · resigned 2025-06-05
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Afp Assets Afp Assets Limited | A registered charge | — | 14/03/2025 | — | |
| satisfied | Reward Finance Group Reward Finance Group Limited | A registered charge | — | 06/09/2023 | 19/03/2025 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 15/12/2014 | 07/09/2023 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (52 total)
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-20
capital-allotment-shares
capital · SH01
2026-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-02
termination-director-company-with-name-termination-date
officers · TM01
2025-06-05
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-31