CORNISH MINERALS UK LIMITED

🌿Early-stageactive
15722342 · ltd · incorporated 2024-05-15
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
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 07290
Sector: Mining & quarrying
ALSO REGISTERED FOR
  • 24430SIC 24430
  • 24450SIC 24450
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 1.9y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 1.9 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (73/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-31
Average employees0

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
1
filing
  • 1 accounts
Last 90 days
3
filings
  • 1 accounts
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Last 180 days
3
filings
  • 1 accounts
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-06-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2026-05-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-04-25
    MIHALOP, Owen Daniel resigned
    director
  6. 2024-10-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-10-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-10-09
    TURVEY, Lodewyk Daniel appointed
    director
  9. 2024-10-09
    ARMSTRONG, Kenneth resigned
    director
  10. 2024-09-03
    📄
    capital-allotment-shares
    capital · SH01
  11. 2024-08-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2024-08-19
    🔒
    Charge registered #1
    Lender: Osisko Gold Royalties LTD
  13. 2024-05-29
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  14. 2024-05-15
    🏢
    Company incorporated
    As CORNISH MINERALS UK LIMITED
  15. 2024-05-15
    HIRD, Matthew James Kerridge appointed
    director
  16. 2024-05-15
    ARMSTRONG, Kenneth appointed
    director
  17. 2024-05-15
    MIHALOP, Owen Daniel appointed
    director
  18. 2024-05-15
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

78/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 68 — succession pressure is live.
  • +Young company: Only 2.1 years old — management layer unlikely to be developed.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

Cornish Metals Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Cornish Metals Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
CORNISH MINERALS UK LIMITED
This company · 15722342

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
Cornish Metals Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control15/05/2024

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
Incorporated2024-05-15
Jurisdictionengland-wales
Primary SIC07290 — SIC 07290

Registered office

Stephens Scown Llp Osprey House
Malpas Road
Truro
Cornwall
TR1 1UT
United Kingdom

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-05-28
Last: 2026-05-14

Officers (2 active · 2 resigned)

HIRD, Matthew James Kerridge
director · ~54y · appointed 2024-05-15
View their other companies + combined net worth →
Active
TURVEY, Lodewyk Daniel
director · ~68y · appointed 2024-10-09
View their other companies + combined net worth →
Active
ARMSTRONG, Kenneth
director · ~57y · appointed 2024-05-15 · resigned 2024-10-09
Resigned
MIHALOP, Owen Daniel
director · ~53y · appointed 2024-05-15 · resigned 2025-04-25
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
Osisko Gold Royalties
Osisko Gold Royalties LTD
A registered charge1 property19/08/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (12 total)

accounts-with-accounts-type-small
accounts · AA
2026-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-19
termination-director-company-with-name-termination-date
officers · TM01
2025-05-06
termination-director-company-with-name-termination-date
officers · TM01
2024-10-14
appoint-person-director-company-with-name-date
officers · AP01
2024-10-14
capital-allotment-shares
capital · SH01
2024-09-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-22
change-account-reference-date-company-current-shortened
accounts · AA01
2024-05-29
incorporation-company
incorporation · NEWINC
2024-05-15