ADMIRAL SQUARE PROPERTIES LIMITED

💤Zombieactive

10938424 · ltd · incorporated 2017-08-30

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 Aug 2025

Net worth

—

book net assets

Opportunity

69/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pursue

Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

9 live charges · 7 lenders · oldest 5.1y

15/100

under pressure

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

· Oldest live charge is 5.1 years old — likely at or near maturity.
· 7 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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

Lenders & charges

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

5 connected companies via shared directors

Filing history

32 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

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	2025-08-31	2024-08-31
Average employees	1	100

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

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 mortgage

Last 180 days

filings

• 1 accounts
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (31 events)Click to expand

2026-05-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-16
🔒
Charge registered #9
Lender: The Mortgage Works (UK) PLC
2025-05-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-27
🔒
Charge registered #8
Lender: Chetwood Financial Limited Trading as Modamortgages
2024-06-10
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-07
🔒
Charge registered #7
Lender: Paragon Bank PLC
2024-05-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-21
🔒
Charge registered #6
Lender: Fleet Mortgages Limited
2023-12-09
📄
memorandum-articles
incorporation · MA
2023-12-09
📄
resolution
resolution · RESOLUTIONS
2023-07-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-11
🔒
Charge registered #5
Lender: Paragon Bank PLC
2023-06-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-01
🔒
Charge registered #4
Lender: Fleet Mortgages Limited
2023-05-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-01
📄
change-person-director-company-with-change-date
officers · CH01
2022-09-01
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-12
🔒
Charge registered #3
Lender: Onesavings Bank PLC
2022-05-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-05-28
🔒
Charge registered #2
Lender: One Savings Bank PLC
2021-05-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-05-07
🔒
Charge registered #1
Lender: Aldermore Bank PLC
2020-11-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-08-30
🏢
Company incorporated
As ADMIRAL SQUARE PROPERTIES LIMITED
2017-08-30
➕
NELSON, Jennie appointed
director

Owner dependency

80/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

1 low

9 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Ms Jennie Nelson Individual · British · DOB 06/1979 · age 47	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	30/08/2017

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 · Property · EX postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A J B LETTINGS LIMITED→ 12023058 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ACJ HOMES LIMITED→ 12627976 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
ACJE HOMES LTD→ 15795799 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ACORN PROPERTY COMPANY 2018 LIMITED→ 11109195 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ACREFORD ASSOCIATES LTD→ 16711388 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ACTP CONSTRUCTION LIMITED→ 12478428 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
AD PROPERTY (SW) LTD→ 15677193 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ADEY INVESTMENTS LTD→ 16586666 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ADM PROPERTY LETTINGS LIMITED→ 10649919 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
ADVANTAGE HOMES LIMITED→ 03697079 · est 1999 · no financials extracted	—	—	—	—	27y	—	—
ADVANTAGE HOUSING LIMITED→ 03697230 · est 1999 · no financials extracted	—	—	—	—	27y	—	—
ADVISER (156) LIMITED→ 02532969 · est 1990 · no financials extracted	—	—	—	—	35y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2017-08-30

Jurisdictionengland-wales

Primary SIC68100 — Buying and selling of own real estate

Registered office

First Floor, Units 3/4 Cranmere Court, Lustleigh Close

Matford Business Park

Exeter

Devon

EX2 8PW

United Kingdom

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2026-09-15

Last: 2025-09-01

Officers (1 active · 0 resigned)

NELSON, Jennie→

director · ~47y · appointed 2017-08-30

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
outstanding	The Mortgage Works (UK) The Mortgage Works (UK) PLC	A registered charge	1 property	16/03/2026	—
outstanding	Chetwood Financial Trading as Modamortgages Chetwood Financial Limited Trading as Modamortgages	A registered charge	1 property	27/09/2024	—
outstanding	Paragon Paragon Bank PLC	A registered charge	1 property	07/06/2024	—
outstanding	Fleet Mortgages Fleet Mortgages Limited	A registered charge	1 property	21/12/2023	—
outstanding	Paragon Paragon Bank PLC	A registered charge	1 property	11/07/2023	—
outstanding	Fleet Mortgages Fleet Mortgages Limited	A registered charge	1 property	01/06/2023	—
outstanding	Onesavings Bank Onesavings Bank PLC	A registered charge	1 property	12/08/2022	—
outstanding	Kent Reliance / OSB One Savings Bank PLC	A registered charge	1 property	28/05/2021	—
outstanding	Aldermore Aldermore Bank PLC	A registered charge	1 property	07/05/2021	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-05-28

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-04-01

confirmation-statement-with-updates

confirmation-statement · CS01

2025-10-29

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-05-29

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-10-04

confirmation-statement-with-updates

confirmation-statement · CS01

2024-09-16

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-06-10

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-05-22

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-12-22

memorandum-articles

incorporation · MA

2023-12-09

resolution

resolution · RESOLUTIONS

2023-12-09

confirmation-statement-with-updates

confirmation-statement · CS01

2023-09-04

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-07-11

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-06-06

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-05-31