BRISTOL CHANNEL SHIP REPAIRERS HOLDINGS LIMITED

🌳Matureactive
00043330 · ltd · incorporated 1895-02-19
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 22/100. Strong seller-intent signal (70/100, director aged 75). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 120.8y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 120.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: low (52/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 5 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
82 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
28
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2020-08-24
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2015-12-08
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  3. 2015-12-08
    🏁
    Company dissolved
  4. 2015-08-25
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2015-01-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  6. 2014-12-03
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  7. 2014-09-09
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  8. 2014-08-21
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  9. 2014-04-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2014-01-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2013-12-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2013-11-04
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  13. 2013-11-04
    ⚠️
    legacy
    insolvency · CAP-SS
  14. 2013-11-04
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2013-01-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-10-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2012-01-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2011-10-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2011-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2010-10-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2010-01-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2009-09-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2009-01-15
    📄
    legacy
    annual-return · 363a
  24. 2008-10-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  25. 2008-01-29
    📄
    legacy
    annual-return · 363a
  26. 2007-10-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  27. 2007-02-19
    WARREN, Bryan John appointed
    director
  28. 2007-02-19
    DAVID, Michael Leslie resigned
    director
  29. 2002-08-23
    BAILEY, Christopher Homfray resigned
    director
  30. 1995-01-19
    GORVIN, James John resigned
    director
  31. 1988-07-24
    🔒
    Charge registered #7
    Lender: Barclays Bank PLC
  32. 1978-11-08
    🔒
    Charge registered #6
    Lender: Barclays Bank PLC
  33. 1975-09-10
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  34. 1974-08-14
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  35. 1910-04-05
    🔒
    Charge registered #3
    Lender: Royal Exchange Assurance
  36. 1905-08-22
    🔒
    Charge registered #2
    Lender: No Trustees
  37. 1905-08-16
    🔒
    Charge registered #1
    Lender: No Trustees
  38. 1895-02-19
    🏢
    Company incorporated
    As BRISTOL CHANNEL SHIP REPAIRERS HOLDINGS LIMITED

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

84/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 131 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2015-12-31

Confirmation statement overdue
high

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

Evidence: Next due: 2017-01-27

1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2013-11-04: legacy

7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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

12 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
Typeltd
Incorporated1895-02-19
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

C/O C H Bailey Plc
Alexandra Dock
Newport South Wales
NP20 2NP

Filing status

Accounts
Next due: 2015-12-31OVERDUE
Last made up to: 2014-03-31
Confirmation statement
Next due: 2017-01-27OVERDUE
Last:

Officers (3 active · 3 resigned)

REES, Kevin Malcolm
secretary
View their other companies + combined net worth →
Active
REES, Kevin Malcolm
director · ~63y
View their other companies + combined net worth →
Active
WARREN, Bryan John
director · ~75y · appointed 2007-02-19
View their other companies + combined net worth →
Active
BAILEY, Christopher Homfray
director · ~95y · resigned 2002-08-23
Resigned
DAVID, Michael Leslie
director · ~84y · resigned 2007-02-19
Resigned
GORVIN, James John
director · ~97y · resigned 1995-01-19
Resigned

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

Mortgages & charges

7
Total charges
7
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Guarantee & debenture1 property24/07/1988
outstanding
Barclays
Barclays Bank PLC
Further guarantee & debenture1 property08/11/1978
outstanding
Barclays
Barclays Bank PLC
Guarantee & debenture1 property10/09/1975
outstanding
Barclays
Barclays Bank PLC
Debenture1 property14/08/1974
outstanding
Royal Exchange Assurance
Demise by way of mortgage supplemental to trust deed dated 25TH nov 19851 property05/04/1910
outstanding
No Trustees
Series of debentures22/08/1905
outstanding
No Trustees
Series of debentures16/08/1905
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (82 total)

restoration-order-of-court
restoration · AC92
2020-08-24
gazette-dissolved-voluntary
gazette · GAZ2(A)
2015-12-08
gazette-notice-voluntary
gazette · GAZ1(A)
2015-08-25
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-26
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2014-12-03
gazette-notice-voluntary
gazette · GAZ1(A)
2014-09-09
dissolution-application-strike-off-company
dissolution · DS01
2014-08-21
accounts-with-accounts-type-dormant
accounts · AA
2014-04-08
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-01-31
accounts-with-accounts-type-dormant
accounts · AA
2013-12-06
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2013-11-04
legacy
insolvency · CAP-SS
2013-11-04
resolution
resolution · RESOLUTIONS
2013-11-04
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-01-25
accounts-with-accounts-type-dormant
accounts · AA
2012-10-19