ADMIRALS REST LIMITED

💤Zombieactive
13394149 · ltd · incorporated 2021-05-13
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 May 2024
Net worth
£11.7k
book net assets
Opportunity
53/100
Worth a look
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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
Special-situation opportunity
Distressed property with salvageable qualities — special-situations priority.

Opportunity 53/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 3.8y

35/100
under pressure

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

  • · Charge age ~3.8 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
19 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
53/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £11,722

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£12k
↑ 40% YoY
Current Assets
£20k
↓ 7.9% YoY
Current Liabilities
£0£4k£9k£13k£18k£22kMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-282023-05-29
Total assets£147.6k£10.6k
Current assets£20.2k£21.9k
Net assets£11.7k£8.4k

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
4
filings
  • 3 officers
  • 1 gazette
Last 180 days
4
filings
  • 3 officers
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2026-04-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-04-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-04-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2026-04-14
    BOTHMA NICHOLSON, Matthew Michael resigned
    director
  6. 2026-04-14
    BOTHMA NICHOLSON, Samantha Jane resigned
    director
  7. 2026-04-14
    NICHOLSON, Elaine resigned
    director
  8. 2025-07-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2024-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2024-09-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2024-09-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2024-09-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2024-08-21
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2024-05-21
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2024-02-21
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  16. 2023-02-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2022-10-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2022-09-29
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  19. 2021-05-13
    🏢
    Company incorporated
    As ADMIRALS REST LIMITED
  20. 2021-05-13
    NICHOLSON, Sean Francis appointed
    director
  21. 2021-05-13
    BOTHMA NICHOLSON, Matthew Michael appointed
    director
  22. 2021-05-13
    BOTHMA NICHOLSON, Samantha Jane appointed
    director
  23. 2021-05-13
    NICHOLSON, Elaine appointed
    director
  24. 2021-05-13
    📄
    incorporation-company
    incorporation · NEWINC

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

2 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-15

3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: BOTHMA NICHOLSON, Matthew Michael resigned 2026-04-14; BOTHMA NICHOLSON, Samantha Jane resigned 2026-04-14; NICHOLSON, Elaine resigned 2026-04-14

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Sean Francis Nicholson
Individual · British · DOB 08/1972 · age 54
2550%
25–50%board control25-50% shares · 25-50% voting · board control13/05/2021

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

10 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
Incorporated2021-05-13
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

15 Sarum Close
Plymouth
PL3 5SH
England

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-28
Confirmation statement
Next due: 2026-04-15OVERDUE
Last: 2025-04-01

Officers (1 active · 3 resigned)

NICHOLSON, Sean Francis
director · ~54y · appointed 2021-05-13
View their other companies + combined net worth →
Active
BOTHMA NICHOLSON, Matthew Michael
director · ~30y · appointed 2021-05-13 · resigned 2026-04-14
Resigned
BOTHMA NICHOLSON, Samantha Jane
director · ~33y · appointed 2021-05-13 · resigned 2026-04-14
Resigned
NICHOLSON, Elaine
director · ~60y · appointed 2021-05-13 · resigned 2026-04-14
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property29/09/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (19 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-28
termination-director-company-with-name-termination-date
officers · TM01
2026-04-25
termination-director-company-with-name-termination-date
officers · TM01
2026-04-25
termination-director-company-with-name-termination-date
officers · TM01
2026-04-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-11
appoint-person-director-company-with-name-date
officers · AP01
2024-09-11
appoint-person-director-company-with-name-date
officers · AP01
2024-09-11
appoint-person-director-company-with-name-date
officers · AP01
2024-09-11
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-08-21
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-17