BERNARD HASTIE & CO LIMITED

🌳Matureactive
00400174 · ltd · incorporated 1945-11-07
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
43/100
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What this business does
Primary activity: SIC 4525
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 43/100 (watch), bankability 2/100. Strong seller-intent signal (78/100, director aged 93). 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 (80/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

8 live charges · 3 lenders · oldest 46.8y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 46.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: low (49/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
88 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
43/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
15
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
12
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 (44 events)Click to expand
  1. 2017-04-03
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2016-11-08
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  3. 2016-11-08
    🏁
    Company dissolved
  4. 2013-06-05
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  5. 2013-04-30
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  6. 2010-04-13
    📄
    restoration-order-of-court
    restoration · AC92
  7. 2008-08-12
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  8. 2008-05-12
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  9. 2008-05-12
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting
    insolvency · 4.71
  10. 2008-02-26
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  11. 2007-02-22
    📍
    legacy
    address · 287
  12. 2007-02-19
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · 4.70
  13. 2007-02-19
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2007-02-19
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  15. 2006-06-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2006-06-12
    📄
    legacy
    annual-return · 363s
  17. 2006-03-15
    📄
    legacy
    capital · 169
  18. 2006-03-14
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2005-07-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  20. 2005-07-01
    📄
    legacy
    annual-return · 363s
  21. 2004-08-26
    📄
    legacy
    officers · 288a
  22. 2004-07-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  23. 2004-07-20
    HASTIE, Mary appointed
    director
  24. 2004-07-12
    📄
    legacy
    annual-return · 363s
  25. 2004-01-20
    📄
    legacy
    accounts · 225
  26. 2003-07-17
    📄
    legacy
    annual-return · 363s
  27. 2003-06-24
    📄
    legacy
    mortgage · 395
  28. 2003-06-09
    🔒
    Charge registered #8
    Lender: Principality Building Society
  29. 2003-06-09
    🔒
    Charge registered #7
    Lender: Principality Building Society
  30. 2003-05-01
    HASTIE, Mary appointed
    secretary
  31. 2003-05-01
    HASTIE, Mary resigned
    director
  32. 2002-07-31
    FERGUSON, Keith Berwick resigned
    secretary
  33. 2002-07-31
    FERGUSON, Keith Berwick resigned
    director
  34. 1999-01-07
    HASTIE, Mary appointed
    director
  35. 1997-09-30
    MARTIN, David William resigned
    director
  36. 1995-10-26
    🔓
    Charge satisfied #3
  37. 1995-10-26
    🔓
    Charge satisfied #2
  38. 1992-10-09
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  39. 1992-10-09
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  40. 1992-08-06
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC.
  41. 1990-12-13
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  42. 1984-05-31
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  43. 1979-08-29
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  44. 1945-11-07
    🏢
    Company incorporated
    As BERNARD HASTIE & CO LIMITED

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "HASTIE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 93 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

91/100
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 93 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 81 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 2 med · 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: 2007-10-31

Confirmation statement overdue
high

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

Evidence: Next due: 2017-06-14

6 insolvency-related filings on record
high

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

Evidence: 2008-08-12: gazette-dissolved-liquidation; 2008-05-12: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

6 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

13 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
Incorporated1945-11-07
Jurisdictionengland-wales
Primary SIC4525 — SIC 4525

Registered office

Axis 15 Axis Court Mallard Way
Riverside Business Park
Swansea Vale
Swansea
SA7 0AJ

Filing status

Accounts
Next due: 2007-10-31OVERDUE
Last made up to: 2005-12-31
Confirmation statement
Next due: 2017-06-14OVERDUE
Last:

Officers (3 active · 4 resigned)

HASTIE, Mary
secretary · appointed 2003-05-01
View their other companies + combined net worth →
Active
HASTIE, Mary
director · ~87y · appointed 2004-07-20
View their other companies + combined net worth →
Active
HASTIE, Robert Cameron, Sir
director · ~93y
View their other companies + combined net worth →
Active
FERGUSON, Keith Berwick
secretary · resigned 2002-07-31
Resigned
FERGUSON, Keith Berwick
director · ~79y · resigned 2002-07-31
Resigned
HASTIE, Mary
director · ~87y · appointed 1999-01-07 · resigned 2003-05-01
Resigned
MARTIN, David William
director · ~85y · resigned 1997-09-30
Resigned

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

Mortgages & charges

8
Total charges
6
Outstanding
3
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Principality Building Society
Legal charge1 property09/06/2003
outstanding
Principality Building Society
Legal charge1 property09/06/2003
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property09/10/1992
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property09/10/1992
outstanding
National Westminster Bank .
National Westminster Bank PLC.
Legal mortgage1 property06/08/1992
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property13/12/199026/10/1995
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property31/05/198426/10/1995
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property29/08/1979
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (88 total)

restoration-order-of-court
restoration · AC92
2017-04-03
gazette-dissolved-compulsory
gazette · GAZ2
2016-11-08
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2013-06-05
gazette-notice-compulsary
gazette · GAZ1
2013-04-30
restoration-order-of-court
restoration · AC92
2010-04-13
gazette-dissolved-liquidation
gazette · GAZ2
2008-08-12
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2008-05-12
liquidation-voluntary-members-return-of-final-meeting
insolvency · 4.71
2008-05-12
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2008-02-26
legacy
address · 287
2007-02-22
liquidation-voluntary-declaration-of-solvency
insolvency · 4.70
2007-02-19
resolution
resolution · RESOLUTIONS
2007-02-19
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2007-02-19
accounts-with-accounts-type-total-exemption-small
accounts · AA
2006-06-21
legacy
annual-return · 363s
2006-06-12