ADMIRAL BARS (LINCOLN) LTD

💤Zombieactive
12748037 · ltd · incorporated 2020-07-16
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 Jul 2025
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£2£4£6£8£10Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£10
Cash£10
Net assets£10
Average employees0

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 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-04-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-11-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-11-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-03-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-10-02
    BAXTER, Serena appointed
    director
  7. 2024-10-02
    WEATHERSTONE, Alastair resigned
    director
  8. 2024-10-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-10-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2024-09-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2024-09-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2024-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-01-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2022-10-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2022-09-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2022-03-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2021-12-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-12-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2021-11-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  20. 2021-11-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2021-10-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  22. 2020-07-16
    🏢
    Company incorporated
    As ADMIRAL BARS (LINCOLN) LTD
  23. 2020-07-16
    WEATHERSTONE, Alastair appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Serena Jasmine Baxter
Individual · British · DOB 11/1989 · age 37
75100%
75–100%board control75-100% shares · 75-100% voting · board control25/09/2024
1 historic (ceased) PSC
  • Mr Alastair Weatherstoneceased 25/09/2024· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2020-07-16
Jurisdictionengland-wales
Primary SIC56302 — Public houses and bars

Registered office

4 Nile Court
Nelson Court Business Centre
Ashton-On-Ribble
PR2 2XU
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-10-10
Last: 2025-09-26

Officers (1 active · 1 resigned)

BAXTER, Serena
director · ~37y · appointed 2024-10-02
View their other companies + combined net worth →
Active
WEATHERSTONE, Alastair
director · ~61y · appointed 2020-07-16 · resigned 2024-10-02
Resigned

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

Recent filings (28 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-18
termination-director-company-with-name-termination-date
officers · TM01
2024-10-02
appoint-person-director-company-with-name-date
officers · AP01
2024-10-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-28
accounts-with-accounts-type-dormant
accounts · AA
2023-01-12