CORNISH BOAT TOURS LTD
🌿Early-stageactive
14699407 · ltd · incorporated 2023-03-02
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 Mar 2025
Net worth
£54.1k
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: SIC 50100
Sector: Transportation & storage
Investor take
PursueAsset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.
Opportunity 68/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
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
77
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 £54,090
Cash YoY
+3609%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£29k
↑ 3609% YoY
Net Worth
£54k
↑ 79% YoY
Current Assets
£30k
↑ 1179% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £54.1k | £30.2k |
| Current assets | £29.7k | £2.3k |
| Cash | £28.8k | £776 |
| Debtors | £963 | £1.5k |
| Net assets | £54.1k | £30.2k |
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
6
filings
- • 3 officers
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-03-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-25➖GILBERT, Karen Lyn resigneddirector
- 2026-02-25➖GILBERT, Richard Alan resigneddirector
- 2026-02-25➖THOMAS, Billy resigneddirector
- 2025-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-26📄change-person-director-company-with-change-dateofficers · CH01
- 2024-02-26📄change-person-director-company-with-change-dateofficers · CH01
- 2023-11-13📄change-person-director-company-with-change-dateofficers · CH01
- 2023-11-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-13📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-02🏢Company incorporatedAs CORNISH BOAT TOURS LTD
- 2023-03-02➕NARBETT, Andrew Martin appointeddirector
- 2023-03-02➕NARBETT, Leanne appointeddirector
- 2023-03-02➕GILBERT, Karen Lyn appointeddirector
- 2023-03-02➕GILBERT, Richard Alan appointeddirector
- 2023-03-02➕THOMAS, Billy appointeddirector
- 2023-03-02📄incorporation-companyincorporation · NEWINC
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·3 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: GILBERT, Karen Lyn resigned 2026-02-25; GILBERT, Richard Alan resigned 2026-02-25; THOMAS, Billy resigned 2026-02-25
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Martin Narbett Individual · British · DOB 01/1975 · age 51 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 02/03/2023 |
Mrs Leanne Narbett Individual · British · DOB 01/1981 · age 45 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 02/03/2023 |
2 historic (ceased) PSCs
- Mr Richard Alan Gilbertceased 25/02/2026· significant influence
- Mrs Karen Lyn Gilbertceased 25/02/2026· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| ABACUS AND FALMOUTH TAXIS LIMITED→ 06636778 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| APOLLO EC TRURO TAXIS LTD→ 15288481 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ARCOACHES LIMITED→ 16781976 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AZAR BATRI UORMIYA CONSULTING LTD→ 16862619 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| COAST PATH COURIERS LTD→ 15042808 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| COASTAL STORAGE (CORNWALL) LIMITED→ 10908993 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| CORNISH SAILING ACADEMY LTD→ 16146637 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CORNWALL AUTORIDES LTD→ 16841965 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CORNWALL COURIERS LTD→ 14202355 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CORNWALL HAULAGE LTD→ 09190603 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| CORNWALL PASSENGER SERVICES LIMITED→ 14684940 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| CORNWALL SELF STORAGE LTD→ 16251465 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2023-03-02
Jurisdictionengland-wales
Primary SIC50100 — SIC 50100
Registered office
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01
Officers (2 active · 3 resigned)
NARBETT, Andrew Martin→
Activedirector · ~51y · appointed 2023-03-02
View their other companies + combined net worth →
NARBETT, Leanne→
Activedirector · ~45y · appointed 2023-03-02
View their other companies + combined net worth →
GILBERT, Karen Lyn→
Resigneddirector · ~61y · appointed 2023-03-02 · resigned 2026-02-25
GILBERT, Richard Alan→
Resigneddirector · ~61y · appointed 2023-03-02 · resigned 2026-02-25
THOMAS, Billy→
Resigneddirector · ~33y · appointed 2023-03-02 · resigned 2026-02-25
Click a director name to see their full track record across all companies.
Recent filings (21 total)
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-09
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-02
termination-director-company-with-name-termination-date
officers · TM01
2026-02-26
termination-director-company-with-name-termination-date
officers · TM01
2026-02-26
termination-director-company-with-name-termination-date
officers · TM01
2026-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-26
change-person-director-company-with-change-date
officers · CH01
2024-02-26