MARLIN ASSET MANAGEMENT LIMITED

🏛️Establishedactive
11129242 · ltd · incorporated 2018-01-02
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£536.0k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Family succession underway — not a classic acquisition target.

Opportunity 76/100 (strong), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -94% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · oldest 7.8y

45/100
under pressure

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

  • · Oldest live charge is 7.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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
8 officers (3 active, 8 linked, 7 with DOB)
88
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
49 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
76/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £536,046
Cash draining
Cash down 94% YoY
Cash YoY
-94%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£606
↓ 94% YoY
Net Worth
£536k
↑ 23% YoY
Current Assets
£19k
↓ 7.6% YoY
Current Liabilities
—
£0£107k£214k£322k£429k£536kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.54M£1.56M
Current assets£18.8k£20.3k
Cash£606£10.1k
Debtors£18.2k£10.2k
Net assets£536.0k£436.3k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2025-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2024-08-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-01-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  5. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2022-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-06-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2022-06-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2022-06-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2022-06-29
    🔓
    Charge satisfied #4
  13. 2022-06-29
    🔓
    Charge satisfied #3
  14. 2022-06-29
    🔓
    Charge satisfied #2
  15. 2022-05-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2022-05-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2022-05-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2022-05-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2022-05-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  20. 2022-05-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2022-05-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2022-05-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  23. 2022-05-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  24. 2022-05-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  25. 2022-05-04
    ➕
    DAWSON, Anthony appointed
    director
  26. 2022-05-04
    ➕
    DAWSON, James appointed
    director
  27. 2022-05-04
    ➕
    DAWSON, Robin appointed
    director
  28. 2022-05-04
    ➖
    CARR, Rosalind resigned
    secretary
  29. 2022-05-04
    ➖
    CARR, Christopher Marcus resigned
    director
  30. 2022-05-04
    ➖
    CORLETT, Alan Frederick resigned
    director
  31. 2018-08-15
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  32. 2018-08-15
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  33. 2018-08-15
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  34. 2018-08-14
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  35. 2018-02-01
    ➕
    CARR, Rosalind appointed
    secretary
  36. 2018-01-31
    ➖
    CARR, Rosalind resigned
    director
  37. 2018-01-31
    ➖
    JOHNSON, Paul resigned
    director
  38. 2018-01-02
    🏢
    Company incorporated
    As MARLIN ASSET MANAGEMENT LIMITED
  39. 2018-01-02
    ➕
    CARR, Christopher Marcus appointed
    director
  40. 2018-01-02
    ➕
    CARR, Rosalind appointed
    director
  41. 2018-01-02
    ➕
    CORLETT, Alan Frederick appointed
    director
  42. 2018-01-02
    ➕
    JOHNSON, Paul appointed
    director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 81 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — DAWSON, James (same surname) appointed 2022-05-04. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Anthony Dawson Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Anthony Dawson Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
MARLIN ASSET MANAGEMENT LIMITED
This company · 11129242

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
Anthony Dawson Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control04/05/2022
4 historic (ceased) PSCs
  • Mr Christopher Marcus Carrceased 04/05/2022· 25-50% shares · 25-50% voting
  • Mr Alan Frederick Corlettceased 04/05/2022· 25-50% shares · 25-50% voting
  • Mrs Rosalind Carrceased 04/05/2022· 25-50% shares · 25-50% voting
  • Linwave Technology Limitedceased 15/08/2018· 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 →

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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
Incorporated2018-01-02
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Manor Farm
Heath Road
Coleby
Lincolnshire
LN5 0AR
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-15
Last: 2026-01-01

Officers (3 active · 5 resigned)

DAWSON, Anthony→
director · ~81y · appointed 2022-05-04
View their other companies + combined net worth →
Active
DAWSON, James→
director · ~52y · appointed 2022-05-04
View their other companies + combined net worth →
Active
DAWSON, Robin→
director · ~55y · appointed 2022-05-04
View their other companies + combined net worth →
Active
CARR, Rosalind→
secretary · appointed 2018-02-01 · resigned 2022-05-04
Resigned
CARR, Christopher Marcus→
director · ~61y · appointed 2018-01-02 · resigned 2022-05-04
Resigned
CARR, Rosalind→
director · ~65y · appointed 2018-01-02 · resigned 2018-01-31
Resigned
CORLETT, Alan Frederick→
director · ~77y · appointed 2018-01-02 · resigned 2022-05-04
Resigned
JOHNSON, Paul→
director · ~67y · appointed 2018-01-02 · resigned 2018-01-31
Resigned

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
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property15/08/201829/06/2022
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property15/08/201829/06/2022
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property15/08/201829/06/2022
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge—14/08/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-20
change-person-director-company-with-change-date
officers · CH01
2023-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-02
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-29
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-29
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-29