ALTUS STRATEGIES LIMITED

💤Zombieactive
10746796 · ltd · incorporated 2017-04-28
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
not disclosed
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 08990
Sector: Mining & quarrying
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. 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

3 live charges · 2 lenders · oldest 4.9y

20/100
under pressure

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

  • · Charge age ~4.9 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (59/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
15 officers (1 active, 15 linked, 9 with DOB)
82
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
5
filings
  • 2 gazette
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
  1. 2026-03-14
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-03-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2026-03-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-03-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2026-02-26
    🔒
    Charge registered #3
    Lender: National Bank of Canada
  6. 2024-07-18
    📄
    accounts-with-accounts-type-group
    accounts · AA
  7. 2024-02-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-02-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-02-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2024-02-06
    📄
    accounts-with-accounts-type-group
    accounts · AA
  11. 2024-01-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-01-01
    POULTON, Steven James resigned
    director
  13. 2023-03-13
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2023-03-10
    YOUNG, Amilha Pio resigned
    secretary
  15. 2022-12-02
    📄
    re-registration-memorandum-articles
    incorporation · MAR
  16. 2022-12-02
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2022-12-02
    ✏️
    certificate-re-registration-public-limited-company-to-private
    change-of-name · CERT10
  18. 2022-12-02
    ✏️
    reregistration-public-to-private-company
    change-of-name · RR02
  19. 2022-12-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2022-12-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2022-12-01
    🔒
    Charge registered #2
    Lender: National Bank of Canada
  22. 2022-12-01
    🔓
    Charge satisfied #1
  23. 2022-11-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2022-11-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2022-11-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2022-11-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2022-11-10
    BELL, Frederick Augustus Ronald Peter Mcmillan appointed
    director
  28. 2022-11-10
    GRAINGER, Matthew Roy resigned
    director
  29. 2022-11-10
    MILROY, Robert Blair resigned
    director
  30. 2022-11-10
    NASR, Karim Michel resigned
    director
  31. 2022-11-10
    NETHERWAY, David George resigned
    director
  32. 2022-08-15
    DE HERT, Gérard resigned
    director
  33. 2022-08-15
    WINN, Michael Dempsey resigned
    director
  34. 2022-02-07
    DE HERT, Gérard appointed
    director
  35. 2021-08-17
    🔒
    Charge registered #1
    Lender: Lmh Explorers S.À R.L.
  36. 2021-06-14
    KEYLOCK, Martin John resigned
    secretary
  37. 2021-06-14
    YOUNG, Amilha Pio appointed
    secretary
  38. 2020-04-06
    NASR, Karim Michel appointed
    director
  39. 2019-07-10
    GRAINGER, Matthew resigned
    secretary
  40. 2019-07-10
    KEYLOCK, Martin John appointed
    secretary
  41. 2018-01-31
    GRAINGER, Matthew appointed
    secretary
  42. 2018-01-31
    KAROLY, Jeffrey Laszlo resigned
    secretary
  43. 2018-01-30
    WINN, Michael Dempsey appointed
    director
  44. 2017-05-21
    MILROY, Robert Blair appointed
    director
  45. 2017-05-21
    NETHERWAY, David George appointed
    director
  46. 2017-04-28
    🏢
    Company incorporated
    As ALTUS STRATEGIES LIMITED
  47. 2017-04-28
    KAROLY, Jeffrey Laszlo appointed
    secretary
  48. 2017-04-28
    CARGIL MANAGEMENT SERVICES LIMITED appointed
    corporate-secretary
  49. 2017-04-28
    CARGIL MANAGEMENT SERVICES LIMITED resigned
    corporate-secretary
  50. 2017-04-28
    GRAINGER, Matthew Roy appointed
    director
Showing most recent 50 of 55 events

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Elemental Royalties Corp. is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Elemental Royalties Corp.
Corporate parent · holds 75-100% shares · board control
ultimate parent
ALTUS STRATEGIES LIMITED
This company · 10746796

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%
NameSharesVoting rightsNature of controlNotified
Elemental Royalties Corp.
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control16/08/2022
4 historic (ceased) PSCs
  • La Mancha Holding S.A R.L.ceased 16/08/2022· 25-50% shares · 25-50% voting
  • Mr Steven James Poultonceased 11/08/2017· 25-50% shares · 25-50% voting
  • Mr Matthew Roy Graingerceased 15/06/2017· 25-50% shares · 25-50% voting
  • Cargil Management Services Limitedceased 28/04/2017· 75-100% shares · 75-100% voting · board control

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 →

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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
Incorporated2017-04-28
Jurisdictionengland-wales
Primary SIC08990 — SIC 08990

Registered office

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-12
Last: 2026-04-28

Officers (1 active · 14 resigned)

BELL, Frederick Augustus Ronald Peter Mcmillan
director · ~40y · appointed 2022-11-10
View their other companies + combined net worth →
Active
GRAINGER, Matthew
secretary · appointed 2018-01-31 · resigned 2019-07-10
Resigned
KAROLY, Jeffrey Laszlo
secretary · appointed 2017-04-28 · resigned 2018-01-31
Resigned
KEYLOCK, Martin John
secretary · appointed 2019-07-10 · resigned 2021-06-14
Resigned
YOUNG, Amilha Pio
secretary · appointed 2021-06-14 · resigned 2023-03-10
Resigned
CARGIL MANAGEMENT SERVICES LIMITED
corporate-secretary · appointed 2017-04-28 · resigned 2017-04-28
Resigned
DE HERT, Gérard
director · ~56y · appointed 2022-02-07 · resigned 2022-08-15
Resigned
GRAINGER, Matthew Roy
director · ~53y · appointed 2017-04-28 · resigned 2022-11-10
Resigned
KEITH, Philippa Anne
director · ~56y · appointed 2017-04-28 · resigned 2017-04-28
Resigned
MILROY, Robert Blair
director · ~80y · appointed 2017-05-21 · resigned 2022-11-10
Resigned
NASR, Karim Michel
director · ~56y · appointed 2020-04-06 · resigned 2022-11-10
Resigned
NETHERWAY, David George
director · ~74y · appointed 2017-05-21 · resigned 2022-11-10
Resigned
POULTON, Steven James
director · ~51y · appointed 2017-04-28 · resigned 2024-01-01
Resigned
WINN, Michael Dempsey
director · ~64y · appointed 2018-01-30 · resigned 2022-08-15
Resigned
LEA YEAT LIMITED
corporate-director · appointed 2017-04-28 · resigned 2017-04-28
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
National Bank of Canada
A registered charge26/02/2026
outstanding
National Bank of Canada
A registered charge01/12/2022
satisfied
Lmh Explorers S.À R.L.
A registered charge17/08/202101/12/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (107 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-06
gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-14
accounts-with-accounts-type-full
accounts · AA
2026-03-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-07
gazette-notice-compulsory
gazette · GAZ1
2026-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-08
accounts-with-accounts-type-group
accounts · AA
2024-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-21
change-person-director-company-with-change-date
officers · CH01
2024-02-14
accounts-with-accounts-type-group
accounts · AA
2024-02-06
termination-director-company-with-name-termination-date
officers · TM01
2024-01-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-05
termination-secretary-company-with-name-termination-date
officers · TM02
2023-03-13