ARMOURY ADVANCEMENTS LTD

🌿Early-stageactive
15723606 · ltd · incorporated 2024-05-16
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£100
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 70/100 (strong), bankability 70/100. 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 (58/100).

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 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
70/100Strong
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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £100

Key financials

1 year extracted from filed iXBRL accounts
Cash
£100
Net Worth
£100
Current Assets
£100
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-31
Total assets£100
Current assets£100
Cash£100
Net assets£100

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-04-09
    ➕
    TURLAND, Jaxon appointed
    director
  2. 2026-04-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-02-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2025-12-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-09-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-07-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-07-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-06-07
    ➕
    CASADA, Mark appointed
    director
  9. 2025-06-07
    ➖
    CASADA, Mark resigned
    director
  10. 2025-06-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-06-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2025-06-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2025-06-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2025-06-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2025-05-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2025-05-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2025-05-12
    ➖
    CLAPP, Ashton Philip Kenton resigned
    director
  18. 2025-05-12
    ➖
    HILLIER, Terence Wesley resigned
    director
  19. 2024-08-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2024-08-16
    ➕
    CLAPP, Ashton Philip Kenton appointed
    director
  21. 2024-05-16
    🏢
    Company incorporated
    As ARMOURY ADVANCEMENTS LTD
  22. 2024-05-16
    ➕
    TURLAND, Ivan appointed
    director
  23. 2024-05-16
    ➕
    HILLIER, Terence Wesley appointed
    director
  24. 2024-05-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +Young company: Only 2.2 years old — management layer unlikely to be developed.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ivan Turland
Individual · British · DOB 06/1969 · age 57
75–100%
75–100%board control75-100% shares · 75-100% voting · board control16/05/2024
2 historic (ceased) PSCs
  • Mr Mark Casadaceased 07/06/2025· 25-50% shares · 25-50% voting
  • Mr Terence Wesley Hillierceased 07/06/2025· 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.

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2024-05-16
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

The Old Bank
32 Market Place
Warminster
Wiltshire
BA12 9AN
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03

Officers (2 active · 3 resigned)

TURLAND, Ivan→
director · ~57y · appointed 2024-05-16
View their other companies + combined net worth →
Active
TURLAND, Jaxon→
director · ~21y · appointed 2026-04-09
View their other companies + combined net worth →
Active
CASADA, Mark→
director · ~59y · appointed 2025-06-07 · resigned 2025-06-07
Resigned
CLAPP, Ashton Philip Kenton→
director · ~32y · appointed 2024-08-16 · resigned 2025-05-12
Resigned
HILLIER, Terence Wesley→
director · ~55y · appointed 2024-05-16 · resigned 2025-05-12
Resigned

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

Recent filings (17 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-04-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-30
termination-director-company-with-name-termination-date
officers · TM01
2025-06-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-07
appoint-person-director-company-with-name-date
officers · AP01
2025-06-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-19
termination-director-company-with-name-termination-date
officers · TM01
2025-05-19
termination-director-company-with-name-termination-date
officers · TM01
2025-05-19