ENERGY COAST WEST CUMBRIA (WORKSPACE) LIMITED

📉Decliningactive

02259526 · private-limited-guarant-nsc · incorporated 1988-05-18

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "declining"

🔒Estimated value

—

Upgrade to see

Turnover

£100.5k

year to Mar 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 77-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (73/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 33.4y

50/100

clean up first

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

· Oldest live charge is 33.4 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (75/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

100 officers (7 active, 100 linked, 94 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

12 connected companies via shared directors

Filing history

297 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £11,106

Turnover YoY

-9%

Year on year

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 · FRS 102

Metric	2025-03-31	2024-03-31
Turnover	£100.5k	£110.6k
Gross profit	£100.1k	£110.2k
Operating profit	£10.2k	£195.1k
Profit before tax	£11.1k	£196.0k
Average employees	0	0

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

🔒Filing-note intelligence

2 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

filings

• 2 officers

Last 90 days

filings

• 2 officers

Last 180 days

filings

• 2 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (195 events)Click to expand

2026-04-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-04-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-01
➕
HIBBARD, Matthew Lee appointed
director
2026-03-31
➖
OLDHAM, Andrew Michael Colin resigned
director
2025-12-18
📄
accounts-with-accounts-type-full
accounts · AA
2024-12-23
📄
accounts-with-accounts-type-full
accounts · AA
2023-12-22
📄
accounts-with-accounts-type-small
accounts · AA
2023-11-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-17
➕
SEEKINGS, Andrew appointed
director
2023-04-18
➖
JOHNSON, Michael Andrew resigned
director
2023-04-18
➖
STARKIE, Michael John resigned
director
2023-04-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-04-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-01-03
📄
accounts-with-accounts-type-small
accounts · AA
2022-12-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-01
➕
PEACOCK, Benjamin David appointed
director
2022-12-01
➖
SOUTHWARD, David Edward resigned
director
2021-11-18
📄
accounts-with-accounts-type-small
accounts · AA
2021-10-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-05
🔓
Charge satisfied #3
2021-07-31
➖
NOCTOR, Joy resigned
director
2021-03-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-01-27
➕
LEADBETTER, Gemma Claire appointed
secretary
2021-01-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-01-27
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2021-01-10
➕
SOUTHWARD, David Edward appointed
director
2021-01-09
➖
SOUTHWARD, David Edward resigned
director
2020-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-02
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2020-11-01
➖
MCHALE, Derek Joseph resigned
secretary
2020-03-04
➖
JENKINSON, Mark Ian resigned
director
2020-03-04
➕
JOHNSON, Michael Andrew appointed
director
2019-06-28
➕
JENKINSON, Mark Ian appointed
director
2019-06-28
➖
SMITH, Alan resigned
director
2018-03-14
➕
SMITH, Alan appointed
director
2018-03-02
➖
FRYER, Mark Anthony resigned
director
2018-02-22
➕
OLDHAM, Andrew Michael Colin appointed
director
2017-12-13
➕
MCHALE, Derek Joseph appointed
secretary
2017-12-02
➕
CLARKE, John Simon appointed
director
2017-02-01
➖
MAXWELL, Kerry Ann resigned
director
2017-01-10
➖
LUTWYCHE, Peter Robert resigned
director
2016-09-14
➖
O'NEILL, Rory Andrew Thomas resigned
director
2016-06-15
➖
TOMLINSON, Rae resigned
director
2016-02-01
➕
PEMBERTON, Michael Neville appointed
director
2016-02-01
➖
SZOSTAK, Steven resigned
director
2016-01-07
➖
SZOSTAK, Steven resigned
secretary
2015-10-02
➖
MCNICHOLAS, Neil Dominic Peter resigned
director
2015-06-01
➕
MCNICHOLAS, Neil Dominic Peter appointed
director

Showing most recent 50 of 195 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 13 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

🔒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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47 SPENCER STREET MANAGEMENT COMMITTEE LIMITED→ 12405712 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
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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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc

Incorporated1988-05-18

Jurisdictionengland-wales

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Ingwell Hall Ingwell Drive

Westlakes Science & Technology Park

Moor Row

Cumbria

CA24 3JZ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-16

Last: 2025-12-02