28 MARKET PLACE LIMITED
💤Zombieactive
11081298 · ltd · incorporated 2017-11-24
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 Dec 2024
Net worth
£-7.4k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (60/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 8.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (82/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
45 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
70
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 102Negative net assets
Liabilities exceed assets by £7,411
Key financials
2 years extracted from filed iXBRL accountsCash
£23k
Net Worth
-£7k
Current Assets
£84k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £792.6k | — |
| Current assets | £83.6k | — |
| Cash | £23.0k | — |
| Debtors | £60.5k | — |
| Net assets | £-7.4k | — |
| Average employees | — | 1200 |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2025-01-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-14📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-14🔓Charge satisfied #2
- 2024-10-14🔓Charge satisfied #1
- 2024-10-10➕OSMOND, David Neil appointeddirector
- 2024-10-10➖QUAYSECO LIMITED resignedcorporate-secretary
- 2024-10-10➖BOWLES, Martin Andrew resigneddirector
- 2024-10-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-10-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-10-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-10🔒Charge registered #4Lender: Horatio Investments Limited
- 2024-10-10🔒Charge registered #3Lender: Martin Vincent and Sheila Vincent
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-05➖NORRIS, Philip Francis George resigneddirector
- 2023-04-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-19➖CROFTON, Ben resigneddirector
- 2023-01-19➖CROFTON, Vanessa Anne resigneddirector
- 2023-01-19➕NORRIS, Philip Francis George appointeddirector
- 2022-11-23📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-30➕BOWLES, Martin Andrew appointeddirector
- 2018-11-27➕CROFTON, Ben appointeddirector
- 2018-08-22🔒Charge registered #2Lender: Adam Norris
- 2018-05-14🔒Charge registered #1Lender: Adam Norris
- 2017-11-24🏢Company incorporatedAs 28 MARKET PLACE LIMITED
- 2017-11-24➕QUAYSECO LIMITED appointedcorporate-secretary
- 2017-11-24➕CROFTON, Vanessa Anne appointeddirector
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Neil Osmond Individual · British · DOB 06/1960 · age 66 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 10/10/2024 |
2 historic (ceased) PSCs
- Mr Adam Norrisceased 10/10/2024· 75-100% shares · 75-100% voting
- Mrs Vanessa Anne Croftonceased 27/11/2018· 25-50% shares · 25-50% voting
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 · Hospitality · TA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 34 FRIARN STREET BRIDGWATER MANAGEMENT LIMITED→ 05828120 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| 4&20 LTD→ 10730033 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| A CARAVELA LTD→ 11714870 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| A G HICKS LIMITED→ 00555369 · est 1955 · no financials extracted | — | — | — | — | 70y | — | — |
| AAAR UK FOOD LIMITED→ 15118874 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AB WHOLESALE AND VENDING LIMITED→ 08908855 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ABBEY FARM KITCHEN LTD→ 14197097 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ABS TAUNTON LTD→ 14731412 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ACORN HOTELS LIMITED→ 02162404 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
| ADPUBMANAGEMENT LTD→ 14414003 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AERO CAMP LIMITED→ 16775680 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFRODISHIAC LTD→ 16129323 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2017-11-24
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants
Registered office
2 Market Place
Somerton
TA11 7LX
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-07
Last: 2025-11-23
Officers (1 active · 5 resigned)
OSMOND, David Neil→
Activedirector · ~66y · appointed 2024-10-10
View their other companies + combined net worth →
QUAYSECO LIMITED→
Resignedcorporate-secretary · appointed 2017-11-24 · resigned 2024-10-10
BOWLES, Martin Andrew→
Resigneddirector · ~60y · appointed 2022-08-30 · resigned 2024-10-10
CROFTON, Ben→
Resigneddirector · ~47y · appointed 2018-11-27 · resigned 2023-01-19
CROFTON, Vanessa Anne→
Resigneddirector · ~43y · appointed 2017-11-24 · resigned 2023-01-19
NORRIS, Philip Francis George→
Resigneddirector · ~54y · appointed 2023-01-19 · resigned 2023-05-05
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Horatio Investments Horatio Investments Limited | A registered charge | 2 properties | 10/10/2024 | — | |
| outstanding | Martin Vincent and Sheila Vincent | A registered charge | 3 properties | 10/10/2024 | — | |
| satisfied | Adam Norris | A registered charge | 1 property | 22/08/2018 | 14/10/2024 | |
| satisfied | Adam Norris | A registered charge | 1 property | 14/05/2018 | 14/10/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (45 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-26
change-sail-address-company-with-old-address-new-address
address · AD02
2024-10-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-14
termination-director-company-with-name-termination-date
officers · TM01
2024-10-10
termination-secretary-company-with-name-termination-date
officers · TM02
2024-10-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-10
appoint-person-director-company-with-name-date
officers · AP01
2024-10-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27