ONE COVE ROAD LTD

🌳Matureactive

SC535035 · ltd · incorporated 2016-05-10

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Why now

Window opening · high confidence

More negotiable than before — 3 signals weakening over the last 30 days.

· Lifecycle stage: established → mature
· Hygiene score: 90 → 70
· Opportunity score: 79 → 72
· Bankability: 80 → 70

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 9.8y old — refinance window within 12 months

What changed my view

Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 1 positive.

↑Lifecycle stage: established → mature
↓Opportunity score: 79 → 72
↓Hygiene score: 90 → 70
↓Bankability: 80 → 70
·Distress / opportunity: avoid → speculative

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 Dec 2025

Net worth

—

book net assets

Opportunity

72/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Licenced restaurants

Sector: Accommodation & food service

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (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: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 9.8y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 9.8 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

4 officers (3 active, 4 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

7 connected companies via shared directors

Filing history

32 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-12-31	2024-08-31

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

filings

Last 90 days

filings

• 2 accounts

Last 180 days

filings

• 2 accounts

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2026-05-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-23
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2025-05-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-07
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-03-07
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-05-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-06-14
➕
DEVLIN, Bernard Alexander appointed
director
2019-05-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-09-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-09-24
➖
DEVLIN, Bernard Alexander resigned
director
2018-02-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-06-06
📍
change-sail-address-company-with-new-address
address · AD02
2016-09-02
🔒
Charge registered #1
Lender: Clydesdale Bank PLC
2016-05-10
🏢
Company incorporated
As ONE COVE ROAD LTD
2016-05-10
➕
DEVLIN, Mariessa appointed
secretary
2016-05-10
➕
DEVLIN, Mariessa appointed
director
2016-05-10
➕
DEVLIN, Bernard Alexander appointed
director

Owner dependency

74/100

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.
+Senior director age: Director aged approximately 60 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-28

Group structure

Dare 2 Win Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Dare 2 Win Group Ltd

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

ONE COVE ROAD LTD

This company · SC535035

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%

Name	Shares	Voting rights	Nature of control	Notified
Dare 2 Win Group Ltd Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	20/06/2020

1 historic (ceased) PSC

Devlin Corporation Ltdceased 20/06/2020· 75-100% shares · 75-100% voting · board control · significant influence · firm interest

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

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

Incorporated2016-05-10

Jurisdictionscotland

Primary SIC56101 — Licenced restaurants

Registered office

Westgate House

Seedhill

Paisley

PA1 1JE

Scotland

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2026-06-28OVERDUE

Last: 2025-06-14

Officers (3 active · 1 resigned)

DEVLIN, Mariessa→

secretary · appointed 2016-05-10

View their other companies + combined net worth →

Active

DEVLIN, Bernard Alexander→

director · ~60y · appointed 2019-06-14

View their other companies + combined net worth →

Active

DEVLIN, Mariessa→

director · ~50y · appointed 2016-05-10

View their other companies + combined net worth →

Active

DEVLIN, Bernard Alexander→

director · ~60y · appointed 2016-05-10 · resigned 2018-09-24

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	—	02/09/2016	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2026-05-27

change-account-reference-date-company-previous-extended

accounts · AA01

2026-04-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-06-30

accounts-with-accounts-type-micro-entity

accounts · AA

2025-05-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-09

accounts-with-accounts-type-micro-entity

accounts · AA

2024-05-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-07-28

accounts-with-accounts-type-micro-entity

accounts · AA

2023-05-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-06-14

accounts-with-accounts-type-micro-entity

accounts · AA

2022-05-11

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2022-03-07

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2022-03-07

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-06-23

accounts-with-accounts-type-micro-entity

accounts · AA

2021-05-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-08-24