ACORN DEVELOPMENTS SW (DEVON) LTD

💤Zombieactive
12171192 · ltd · incorporated 2019-08-23
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
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Turnover
year to Nov 2024
Net worth
£-230.1k
book net assets
Opportunity
66/100
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
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 66/100 (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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 5.2y

15/100
under pressure

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

  • · Oldest live charge is 5.2 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £230,137
Very low cash
Cash position: £2
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2
~ YoY
Net Worth
-£230k
↓ 56% YoY
Current Assets
Current Liabilities
-£230k-£184k-£138k-£92k-£46k£2Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Cash£2£2
Net assets£-230.1k£-147.7k

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 (23 events)Click to expand
  1. 2025-09-10
    📄
    resolution
    resolution · RESOLUTIONS
  2. 2025-09-10
    📄
    memorandum-articles
    incorporation · MA
  3. 2025-09-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-09-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-09-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-09-05
    🔒
    Charge registered #5
    Lender: Downing LLP
  7. 2025-09-05
    🔒
    Charge registered #4
    Lender: Severn Bridging LTD
  8. 2025-09-05
    🔒
    Charge registered #3
    Lender: Severn Bridging LTD
  9. 2025-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-05-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2021-05-21
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  15. 2021-03-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2021-03-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2021-03-12
    🔒
    Charge registered #2
    Lender: Charles Philip Simcoe Esmond-Cole, Jason Charles Esmond-Cole and Charlotte Victoria Esmond-Cole
  18. 2021-03-12
    🔒
    Charge registered #1
    Lender: Paragon Development Finance Limited
  19. 2020-11-06
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2019-08-26
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2019-08-23
    🏢
    Company incorporated
    As ACORN DEVELOPMENTS SW (DEVON) LTD
  22. 2019-08-23
    THOMAS, Mark Peter appointed
    director
  23. 2019-08-23
    📄
    incorporation-company
    incorporation · NEWINC

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 7 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 med · 1 low
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-09-05: A registered charge; 2025-09-05: A registered charge; 2025-09-05: A registered charge

5 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%
NameSharesVoting rightsNature of controlNotified
Mr Mark Peter Thomas
Individual · British · DOB 06/1978 · age 48
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/08/2019

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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12171147 · est 2019 · no financials extracted
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15925410 · est 2024 · no financials extracted
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29y
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.

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Company details

Statusactive
Typeltd
Incorporated2019-08-23
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

40 Kingston House 1 Kingston Road
Taunton
Somerset
TA2 7ED
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-09-05
Last: 2025-08-22

Officers (1 active · 0 resigned)

THOMAS, Mark Peter
director · ~48y · appointed 2019-08-23
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
5
Outstanding
4
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Downing
Downing LLP
A registered charge1 property05/09/2025
outstanding
Severn Bridging
Severn Bridging LTD
A registered charge1 property05/09/2025
outstanding
Severn Bridging
Severn Bridging LTD
A registered charge1 property05/09/2025
outstanding
Charles Philip Simcoe Esmond-Cole, Jason Charles Esmond-Cole and Charlotte Victoria Esmond-Cole
A registered charge1 property12/03/2021
outstanding
Paragon
Paragon Development Finance Limited
A registered charge1 property12/03/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (22 total)

resolution
resolution · RESOLUTIONS
2025-09-10
memorandum-articles
incorporation · MA
2025-09-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
accounts-with-accounts-type-dormant
accounts · AA
2021-05-21