AZTEC ADVENTURE LIMITED
💤Zombieactive
08765602 · ltd · incorporated 2013-11-07
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 Mar 2025
Net worth
£5.6k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
🏦
Refinance opportunity
1 live charge · oldest 3.1y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.1 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
41 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £5,566
Cash YoY
-2%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£502
↓ 2.1% YoY
Net Worth
£6k
↑ 37% YoY
Current Assets
£26k
↑ 16% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £8.3k | £22.1k |
| Current assets | £26.4k | £22.6k |
| Cash | £502 | £513 |
| Debtors | £25.9k | £22.1k |
| Net assets | £5.6k | £4.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2025-12-04📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-11-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-13➖SPENCE, Craig Adam resigneddirector
- 2024-10-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-01-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-01-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-01-04📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-05-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-12🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2022-08-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-02📄change-person-director-company-with-change-dateofficers · CH01
- 2018-12-20📄change-person-director-company-with-change-dateofficers · CH01
- 2018-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-28📄capital-allotment-sharescapital · SH01
- 2013-11-07🏢Company incorporatedAs AZTEC ADVENTURE LIMITED
- 2013-11-07➕SPENCE, Mark Andrew appointeddirector
- 2013-11-07➕SPENCE, Craig Adam appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
58/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Andrew Spence Individual · British · DOB 06/1979 · age 47 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 06/04/2016 |
Mr Craig Adam Spence Individual · British · DOB 09/1975 · age 51 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 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
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|---|---|---|---|---|---|---|---|
| BACKLINE 78 LIMITED→ 09838938 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BARNES DESIGNS LIMITED→ 16719578 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BATCO LTD→ 16066704 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BENEDICT CARPENTER VAN BARTHOLD LIMITED→ 14465631 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BIG BLUE CAMPERS LTD→ 09272400 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| BIG COX PRODUCTIONS LTD→ 09105419 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| BIRTSMORTON COURT EVENTS LIMITED→ 12955543 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BISH BASH BOSH TV & FILM LTD→ 11789923 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BLANCHE & GEORGE ENTERPRISES LTD→ 09726662 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BLIGHTY AND BEYOND LTD→ 11874835 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BLUE MARBLE EVENTS LTD→ 16497593 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BLUEBERRY MEDIA LTD→ 13806788 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2013-11-07
Jurisdictionengland-wales
Primary SIC93199 — Other sports activities
Registered office
43 Merstow Green
Evesham
Worcestershire
WR11 4BB
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07
Officers (1 active · 1 resigned)
SPENCE, Mark Andrew→
Activedirector · ~47y · appointed 2013-11-07
View their other companies + combined net worth →
SPENCE, Craig Adam→
Resigneddirector · ~51y · appointed 2013-11-07 · resigned 2024-11-13
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 12/05/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (41 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-21
termination-director-company-with-name-termination-date
officers · TM01
2024-11-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-04
change-person-director-company-with-change-date
officers · CH01
2024-01-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-04
change-person-director-company-with-change-date
officers · CH01
2024-01-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-15
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-15
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-22