BANK COURT (NEWQUAY) LIMITED
🏛️Establishedactive
11046445 · ltd · incorporated 2017-11-03
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 8.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£52.3k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · oldest 8.5y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 8.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (78/100)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
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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £52,310
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£52k
↑ 22% YoY
Current Assets
£904
↑ 50% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £52.3k | £127.9k |
| Current assets | £904 | £601 |
| Net assets | £52.3k | £42.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
- • 3 mortgage
Last 180 days
4
filings
- • 3 mortgage
- • 1 address
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-05-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-05🔓Charge satisfied #3
- 2026-05-05🔓Charge satisfied #2
- 2026-05-05🔓Charge satisfied #1
- 2026-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-08📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-05-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-07-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-03-15📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2018-04-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-04-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-03-28🔒Charge registered #3Lender: Lloyds Bank PLC
- 2018-03-28🔒Charge registered #2Lender: Lloyds Bank PLC
- 2018-02-02🔒Charge registered #1Lender: Lloyds Bank PLC
- 2017-11-03🏢Company incorporatedAs BANK COURT (NEWQUAY) LIMITED
- 2017-11-03➕LEECH, Lisa Claire appointeddirector
- 2017-11-03➕LEECH, Michael John appointeddirector
Owner dependency
79/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med · 1 lowCharge 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.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael John Leech Individual · British · DOB 11/1964 · age 62 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 03/11/2017 |
Mrs Lisa Claire Leech Individual · British · DOB 03/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 03/11/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| A WATSON PROPERTIES LIMITED→ 15107961 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AMM CORNWALL LIMITED→ 16668212 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARTHUR HIGGINS (PROPERTIES) LIMITED→ 08311410 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ATLANTIC BAY HOTEL LIMITED→ 10250788 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AVITELMESSUS ESTATES LIMITED→ 11347897 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AXIOM PROPERTY SERVICES LIMITED→ 14837774 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AYR PROPERTY MANAGEMENT LTD→ 16104391 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BAJAMAR LTD→ 12990503 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BAKERS COURT LIMITED→ 09927709 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BAL VIEW COURT FLAT MANAGEMENT LIMITED→ 07443371 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| BAREFOOT IN NEWQUAY LIMITED→ 14616793 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BARNACOTT LIMITED→ 12474916 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2017-11-03
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
1 Woodland Grove
Bridge
Portreath
Cornwall
TR16 4QG
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-16
Last: 2025-11-02
Officers (2 active · 0 resigned)
LEECH, Lisa Claire→
Activedirector · ~60y · appointed 2017-11-03
View their other companies + combined net worth →
LEECH, Michael John→
Activedirector · ~62y · appointed 2017-11-03
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 28/03/2018 | 05/05/2026 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 28/03/2018 | 05/05/2026 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 02/02/2018 | 05/05/2026 |
Recent filings (27 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-05
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-05
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-08
change-person-director-company-with-change-date
officers · CH01
2025-11-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-18