THE PROMENADE SPITTAL LTD
🌿Early-stageactive
13894181 · ltd · incorporated 2022-02-04
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 4.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-75.9k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Active trading company. Family succession underway — not a classic acquisition target.
Opportunity 76/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 4.2y
75/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Charge age ~4.2 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
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 £75,928
Key financials
2 years extracted from filed iXBRL accountsCash
£349
Net Worth
-£76k
Current Assets
£2k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-75.9k | — |
| Current assets | £2.0k | — |
| Cash | £349 | — |
| Debtors | £1.6k | — |
| Net assets | £-75.9k | — |
| Average employees | — | 800 |
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 (12 events)Click to expand
- 2025-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-28📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-04-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-31🔒Charge registered #1Lender: Handelsbanken PLC
- 2022-02-04🏢Company incorporatedAs THE PROMENADE SPITTAL LTD
- 2022-02-04➕EXLEY, Allison appointeddirector
- 2022-02-04➕EXLEY, Graham appointeddirector
- 2022-02-04➕EXLEY, James Andrew appointeddirector
- 2022-02-04➕EXLEY, Robert Michael appointeddirector
- 2022-02-04📄incorporation-companyincorporation · NEWINC
Owner dependency
56/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Allison Exley Individual · British · DOB 06/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 04/02/2022 |
Mr Graham Exley Individual · British · DOB 04/1964 · age 62 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 04/02/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Hospitality · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| P RED EVENTS LIMITED→ 17115926 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| SARUMCASTLE LIMITED→ 02221540 · est 1988 · no financials extracted | — | — | — | — | 38y | — | — |
| ST. CUTHBERTS FARMHOUSE LIMITED→ 06128851 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| SULTAANS RESTAURANT (HAWICK) LTD→ 13001858 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| SWARLAND EAST HOUSE COTTAGES LIMITED→ 11461771 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| TAPPIZZA LIMITED→ 13703373 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| THE POTTED LOBSTER (ABERSOCH) LIMITED→ 13159617 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| THE RAILWAY HOTEL LTD→ 15529993 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| THE SHIP (EYEMOUTH) LTD→ SC630572 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| THE TEMPLEHALL INN LTD→ SC848585 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE WATER DOG LTD→ SC853130 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE WAVERLEY BAR LIMITED→ SC245194 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
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
Incorporated2022-02-04
Jurisdictionengland-wales
Primary SIC55100 — Hotels and similar accommodation
Registered office
137 Main Street
Spittal
Berwick Upon Tweed
TD15 1RP
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-08
Last: 2026-01-25
Officers (4 active · 0 resigned)
EXLEY, Allison→
Activedirector · ~57y · appointed 2022-02-04
View their other companies + combined net worth →
EXLEY, Graham→
Activedirector · ~62y · appointed 2022-02-04
View their other companies + combined net worth →
EXLEY, James Andrew→
Activedirector · ~32y · appointed 2022-02-04
View their other companies + combined net worth →
EXLEY, Robert Michael→
Activedirector · ~35y · appointed 2022-02-04
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 31/03/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (10 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
change-account-reference-date-company-current-extended
accounts · AA01
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-05
incorporation-company
incorporation · NEWINC
2022-02-04