ANARTES LIMITED

🌿Early-stageactive
14161461 · ltd · incorporated 2022-06-09
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.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£70.7k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 62/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 0.9y

15/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 0.9 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
18 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
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £70,657
Cash YoY
+11182%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£213k
↑ 11182% YoY
Net Worth
£71k
↑ 665% YoY
Current Assets
£3.4m
↑ 24390% YoY
Current Liabilities
-£13k£672k£1.4m£2.0m£2.7m£3.4mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£76.1k£-12.5k
Current assets£3.41M£13.9k
Cash£213.2k£1.9k
Debtors£3.18M£12.0k
Net assets£70.7k£-12.5k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-09-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-08-29
    🔒
    Charge registered #2
    Lender: White Oak UK No.5 Limited
  3. 2025-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-07-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-07-10
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  6. 2025-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-07-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2024-05-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2024-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-10-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-05-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2023-04-01
    HAMILTON, Stuart John David appointed
    director
  14. 2023-03-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2023-03-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-03-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  17. 2023-02-10
    WORKMAN, Andrew appointed
    director
  18. 2022-06-09
    🏢
    Company incorporated
    As ANARTES LIMITED
  19. 2022-06-09
    WILLIAMS, Matthew Charles appointed
    director
  20. 2022-06-09
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

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

🏛️
Halo International Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ANARTES LIMITED
This company · 14161461

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
Halo International Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control09/06/2022

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

8 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
Incorporated2022-06-09
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

Bradninch Hall
Castle Street
Exeter
EX4 3PL
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-13
Last: 2025-10-30

Officers (3 active · 0 resigned)

HAMILTON, Stuart John David
director · ~45y · appointed 2023-04-01
View their other companies + combined net worth →
Active
WILLIAMS, Matthew Charles
director · ~47y · appointed 2022-06-09
View their other companies + combined net worth →
Active
WORKMAN, Andrew
director · ~53y · appointed 2023-02-10
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
White Oak UK No.5 / Ldf Finance No.3
White Oak UK No.5 Limited / Ldf Finance No.3 Limited
A registered charge29/08/2025
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge10/07/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (18 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-15
change-person-director-company-with-change-date
officers · CH01
2025-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-01
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-07-22
change-person-director-company-with-change-date
officers · CH01
2024-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-23
appoint-person-director-company-with-name-date
officers · AP01
2023-05-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-06
appoint-person-director-company-with-name-date
officers · AP01
2023-03-06