BOAT TRIPS ST IVES LTD
💤Zombieactive
14519416 · ltd · incorporated 2022-12-01
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 Dec 2024
Net worth
£2.4k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Tour operator activities
Sector: Administrative & support services
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.
Opportunity 71/100 (strong), bankability 70/100. 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
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £2,422
Very low cash
Cash position: £0
Key financials
2 years extracted from filed iXBRL accountsCash
£0
Net Worth
£2k
↑ 187% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | — | £2.3k |
| Current assets | — | £2.8k |
| Cash | £0 | — |
| Net assets | £2.4k | £843 |
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
2
filings
- • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2026-02-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-02-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-12-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-11➖JOHNSON, Adam John resigneddirector
- 2025-06-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-06-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-24➕SPENCER-SMITH, Matthew Allen appointeddirector
- 2025-04-24➖SANDERS, George resigneddirector
- 2025-04-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-21➖SPENCER-SMITH, Matthew Allen resigneddirector
- 2025-01-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-15➕JOHNSON, Adam John appointeddirector
- 2024-10-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-01🏢Company incorporatedAs BOAT TRIPS ST IVES LTD
- 2022-12-01➕SANDERS, George appointeddirector
- 2022-12-01➕SPENCER-SMITH, Matthew Allen appointeddirector
- 2022-12-01📄incorporation-companyincorporation · NEWINC
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew Allen Spencer-Smith Individual · British · DOB 02/1997 · age 29 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/12/2022 |
3 historic (ceased) PSCs
- Mr Matthew Allen Spencer-Smithceased 11/06/2025· 75-100% shares · 75-100% voting
- Mr George Sandersceased 24/04/2025· 25-50% shares · 25-50% voting · board control
- Mr Matthew Allen Spencer-Smithceased 21/04/2025· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| BENNETT GYM (HELSTON) LTD→ 16204492 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BERNARD LEACH (ST IVES) TRUST LIMITED→ 05372378 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| BLACKOUT AIRSOFT CORNWALL LTD→ 15504803 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BLUE SHARK SNORKEL LTD→ 15009676 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BOCONNION LIMITED→ 13152499 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BOOM CIRCUS LTD→ 11585815 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BOXING CAT ARTS CIC→ 11392449 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BUSY BODIES SWIMMING LTD→ 15363608 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CAMBORNE TREVITHICK DAY CIC→ 15944798 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CARBON FITNESS CORNWALL LTD→ 16544209 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CARN BREA LEISURE CENTRE (TRADING) LTD→ 04212770 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| CARNHELL GREEN VINTAGE RALLY LIMITED→ 10669928 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
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
Incorporated2022-12-01
Jurisdictionengland-wales
Primary SIC79120 — Tour operator activities
Registered office
2 Bahavella Drive
St. Ives
TR26 2BF
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30
Officers (1 active · 3 resigned)
SPENCER-SMITH, Matthew Allen→
Activedirector · ~29y · appointed 2025-04-24
View their other companies + combined net worth →
JOHNSON, Adam John→
Resigneddirector · ~35y · appointed 2025-01-15 · resigned 2025-06-11
SANDERS, George→
Resigneddirector · ~28y · appointed 2022-12-01 · resigned 2025-04-24
SPENCER-SMITH, Matthew Allen→
Resigneddirector · ~29y · appointed 2022-12-01 · resigned 2025-04-21
Click a director name to see their full track record across all companies.
Recent filings (17 total)
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-11
termination-director-company-with-name-termination-date
officers · TM01
2025-06-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-28
appoint-person-director-company-with-name-date
officers · AP01
2025-04-28
termination-director-company-with-name-termination-date
officers · TM01
2025-04-28
termination-director-company-with-name-termination-date
officers · TM01
2025-04-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-23
appoint-person-director-company-with-name-date
officers · AP01
2025-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-04