DAVID PATIENCE LTD
Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £21.5k | £9.1k |
| Cash | £46.9k | £26.2k |
| Net assets | £21.5k | £9.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (16 events)Click to expand
- 2025-03-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-11-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-13➖PATIENCE, Lynn Marie resigneddirector
- 2023-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-10-25🏢Company incorporatedAs DAVID PATIENCE LTD
- 2016-10-25➕PATIENCE, David appointeddirector
- 2016-10-25➕PATIENCE, Lynn Marie appointeddirector
- 2016-10-25📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "PATIENCE" — strong identity link between founder and business.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Patience Individual · British · DOB 07/1979 · age 47 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 25/10/2016 |
1 historic (ceased) PSC
- Mrs Lynn Marie Patienceceased 13/11/2023· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (1 active · 1 resigned)
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