SPECIALIST JOURNEYS MIDCO 2 LIMITED
🌳Matureactive
09454125 · ltd · incorporated 2015-02-23
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Tour operator activities
Sector: Administrative & support services
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 68/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 9.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 9.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
18 officers (2 active, 18 linked, 15 with DOB)
87
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
102 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
3
filings
- • 2 address
- • 1 confirmation-statement
Last 180 days
6
filings
- • 3 mortgage
- • 2 address
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (64 events)Click to expand
- 2026-03-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-03-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-01-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-14🔓Charge satisfied #4
- 2026-01-14🔓Charge satisfied #2
- 2026-01-14🔓Charge satisfied #1
- 2025-10-03📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-10-03📄legacyaccounts · PARENT_ACC
- 2025-10-03📄legacyother · GUARANTEE2
- 2025-10-03📄legacyother · AGREEMENT2
- 2025-08-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-04➕CONSTABLE, John appointeddirector
- 2025-08-04➕SHARMA, Rajesh Kumar appointeddirector
- 2025-08-04➖TURNER, Gary Peter resigneddirector
- 2025-08-01➖WILLIS, Jackie resigneddirector
- 2024-12-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-12➖BEDLOW, Jacqueline Louise resigneddirector
- 2024-12-12➕TURNER, Gary Peter appointeddirector
- 2024-11-06📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-11-06📄legacyaccounts · PARENT_ACC
- 2024-11-06📄legacyother · AGREEMENT2
- 2024-11-06📄legacyother · GUARANTEE2
- 2024-10-10📄legacyaccounts · PARENT_ACC
- 2024-07-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-24➕BEDLOW, Jacqueline Louise appointeddirector
- 2024-05-24➖MOORE, Ewan resigneddirector
- 2024-01-02➖DALE, Andrew Edward resigneddirector
- 2024-01-02➕MOORE, Ewan appointeddirector
- 2021-10-28🔒Charge registered #4Lender: Santander UK PLC as Security Trustee
- 2021-02-05🔒Charge registered #3Lender: Kp Capital Management Limited (As Security Trustee)
- 2020-01-31🔒Charge registered #2Lender: Santander UK PLC
- 2018-09-27➖KELMAN, Richard Francis resigneddirector
- 2018-08-29➕DALE, Andrew Edward appointeddirector
- 2018-08-29➕WILLIS, Jackie appointeddirector
- 2018-03-06➖BHUTTA, Safia Mary resigneddirector
- 2018-03-06➖FINLAY, Ian Stuart resigneddirector
- 2018-03-06➕KELMAN, Richard Francis appointeddirector
- 2018-01-26➖PARSELLE, Colin James resigneddirector
- 2016-12-31➖BURT, Janie resigneddirector
- 2016-06-17🔒Charge registered #1Lender: Santander UK PLC as Security Trustee for Itself and Each Group Member
- 2016-06-06➕BURT, Janie appointeddirector
- 2015-12-18➕PARSELLE, Colin James appointeddirector
- 2015-05-14➕BHUTTA, Safia Mary appointeddirector
Showing most recent 50 of 64 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med · 1 low2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: TURNER, Gary Peter resigned 2025-08-04; WILLIS, Jackie resigned 2025-08-01
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
3 corporate shareholders identified. Group structure is distributed.
🏛️ultimate parent
Specialist Journeys Midco 1 Limited
Corporate parent · holds 75-100% shares · board control
🏛️
Kpc Ii Investments Ltd
Corporate parent · board control
🏛️
Kings Park Capital Llp
Corporate parent · board control
⬇
SPECIALIST JOURNEYS MIDCO 2 LIMITED
This company · 09454125
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Specialist Journeys Midco 1 Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
Kpc Ii Investments Ltd Corporate entity | — | — | board controlboard control | 06/04/2016 |
Kings Park Capital Llp Corporate entity | — | — | board controlboard control | 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 · Leisure & entertainment · GL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 00361265 LIMITED→ 00361265 · est 1940 · no financials extracted | — | — | — | — | 85y | — | — |
| 1327 RECORDS LTD→ 16260678 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 21 UNION FITNESS LTD→ 11893908 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 22 YARDS CRICKET CENTRE LTD→ 15322986 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 2401 VISUALS LTD→ 14657130 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 31132 ALBERTA LTD→ 07751905 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| 360 FIT LTD→ 15147001 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 4BALL MEDIA LIMITED→ 05731153 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| A&D HOLIDAYS LIMITED→ 07261883 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| A40 FITNESS LIMITED→ 13614774 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AA GARDENING TREE SURGEONS LTD→ 12026615 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AA TREE SURGEONS & STUMP LTD→ 15871755 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2015-02-23
Jurisdictionengland-wales
Primary SIC79120 — Tour operator activities
Registered office
111 High Street
Cheltenham
GL50 1DW
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-09
Last: 2026-02-23
Officers (2 active · 16 resigned)
CONSTABLE, John→
Activedirector · ~55y · appointed 2025-08-04
View their other companies + combined net worth →
SHARMA, Rajesh Kumar→
Activedirector · ~49y · appointed 2025-08-04
View their other companies + combined net worth →
TRAVERS SMITH SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2015-02-23 · resigned 2015-04-08
BEDLOW, Jacqueline Louise→
Resigneddirector · ~67y · appointed 2024-05-24 · resigned 2024-12-12
BHUTTA, Safia Mary→
Resigneddirector · ~43y · appointed 2015-05-14 · resigned 2018-03-06
BURT, Janie→
Resigneddirector · ~54y · appointed 2016-06-06 · resigned 2016-12-31
DALE, Andrew Edward→
Resigneddirector · ~46y · appointed 2018-08-29 · resigned 2024-01-02
FINLAY, Ian Stuart→
Resigneddirector · ~53y · appointed 2015-05-14 · resigned 2018-03-06
KATZ, Jason Trevor→
Resigneddirector · ~53y · appointed 2015-04-08 · resigned 2015-05-14
KELMAN, Richard Francis→
Resigneddirector · ~44y · appointed 2018-03-06 · resigned 2018-09-27
MOORE, Ewan→
Resigneddirector · ~52y · appointed 2024-01-02 · resigned 2024-05-24
PARSELLE, Colin James→
Resigneddirector · ~52y · appointed 2015-12-18 · resigned 2018-01-26
ROBINSON, Hugo Edward William→
Resigneddirector · ~53y · appointed 2015-04-08 · resigned 2015-05-14
SHERSHUNOVYCH, Ihor→
Resigneddirector · ~41y · appointed 2015-02-23 · resigned 2015-04-14
TURNER, Gary Peter→
Resigneddirector · ~57y · appointed 2024-12-12 · resigned 2025-08-04
WILLIS, Jackie→
Resigneddirector · ~64y · appointed 2018-08-29 · resigned 2025-08-01
TRAVERS SMITH LIMITED→
Resignedcorporate-director · appointed 2015-02-23 · resigned 2015-04-08
TRAVERS SMITH SECRETARIES LIMITED→
Resignedcorporate-director · appointed 2015-02-23 · resigned 2015-04-08
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Santander Santander UK PLC as Security Trustee | A registered charge | 1 property | 28/10/2021 | 14/01/2026 | |
| outstanding | Kp Capital Management (As Security Trustee) Kp Capital Management Limited (As Security Trustee) | A registered charge | 1 property | 05/02/2021 | — | |
| satisfied | Santander Santander UK PLC | A registered charge | — | 31/01/2020 | 14/01/2026 | |
| satisfied | Santander Santander UK PLC as Security Trustee for Itself and Each Group Member | A registered charge | 1 property | 17/06/2016 | 14/01/2026 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (102 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-14
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-14
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-14
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-10-03
legacy
accounts · PARENT_ACC
2025-10-03
legacy
other · GUARANTEE2
2025-10-03
legacy
other · AGREEMENT2
2025-10-03
appoint-person-director-company-with-name-date
officers · AP01
2025-08-14
appoint-person-director-company-with-name-date
officers · AP01
2025-08-14
termination-director-company-with-name-termination-date
officers · TM01
2025-08-14
termination-director-company-with-name-termination-date
officers · TM01
2025-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24