BANKMILE LIMITED

💤Zombieactive

00479873 · ltd · incorporated 1950-03-21

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£-1.37M

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 99999

Sector: Extraterritorial bodies

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (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: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 56.1y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 56.1 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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

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

Directors & officers

12 officers (1 active, 12 linked, 11 with DOB)

Ownership & PSC

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

Director network

10 connected companies via shared directors

Filing history

125 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 · accounting standard not declared

Negative net assets

Liabilities exceed assets by £1,371,211

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£1.4m

~ YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£-1.37M	£-1.37M
Net assets	£-1.37M	£-1.37M

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

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2025-09-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-09-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-09-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-09-20
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2017-09-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-08-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-08-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-08-03
➖
RIX, John Robert resigned
director
2017-07-26
➕
RIX, Timothy John appointed
director
2016-08-12
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-04-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-09-02
📄
accounts-with-accounts-type-dormant
accounts · AA
2015-04-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-08-07
🔓
Charge satisfied #1
2009-05-19
➖
CLARKE, Rory Michael Andrew, Mr. resigned
director
2009-05-19
➖
EVANS, David Charles resigned
director
2009-05-19
➖
RIX, Timothy John resigned
director
2009-05-19
➖
WINKLE, Sally Joanna resigned
director
2009-05-06
🔒
Charge registered #3
Lender: Lloyds Tsb Bank PLC
2009-05-06
🔒
Charge registered #2
Lender: Lloyds Tsb Bank PLC
2008-04-07
➖
WILSON, David Ernest resigned
secretary
2008-04-07
➖
WILSON, David Ernest resigned
director
2008-04-01
➕
EVANS, David Charles appointed
director
2007-03-31
➖
FEE, Ian Lewis, Captain resigned
director
2006-01-01
➕
CLARKE, Rory Michael Andrew, Mr. appointed
director
2001-02-09
➕
FEE, Ian Lewis, Captain appointed
director
2001-02-09
➖
GIBBONS, Dennis resigned
director
1998-02-08
➖
RIX, Phyllis resigned
director
1995-05-18
➖
HEPWORTH, Terence resigned
director
1970-05-15
🔒
Charge registered #1
Lender: National Westminster Bank LTD
1950-03-21
🏢
Company incorporated
As BANKMILE 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

+Sole director: Only one active director — all governance concentrated on one person.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

75/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 76 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean

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

Group structure

J R Rix & Sons Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

J R Rix & Sons Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

BANKMILE LIMITED

This company · 00479873

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
J R Rix & Sons Ltd Corporate entity	75–100%	—	75-100% shares	06/04/2016

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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AT RESEARCH AND DEVELOPMENT LTD→ 11200000 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
AVEBURY MEWS MANAGEMENT COMPANY (NUMBER 1) LIMITED→ 05400845 · est 2005 · no financials extracted	—	—	—	—	21y	—	—
BEER BREWERY LTD→ 14100166 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
BESWETHERICKS LTD→ 11475514 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
BIG GREEN SURF SCHOOL LTD→ 14519034 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
BLUE RIVER TABLE LLP→ OC420715 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
BLUE SURF & YOGA LLP→ OC451117 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
BLUE VALLEY P2 LIMITED→ 12347368 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
BLUE WAVE INFORMATICS LLP→ OC301778 · est 2002 · no financials extracted	—	—	—	—	24y	—	—

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

Incorporated1950-03-21

Jurisdictionengland-wales

Primary SIC99999 — SIC 99999

Registered office

7 Fore Street

Mousehole

Penzance

Cornwall

TR19 6TQ

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-05

Last: 2026-02-19

Officers (1 active · 11 resigned)

RIX, Timothy John→

director · ~63y · appointed 2017-07-26

View their other companies + combined net worth →

Active

WILSON, David Ernest→

secretary · resigned 2008-04-07

Resigned

CLARKE, Rory Michael Andrew, Mr.→

director · ~67y · appointed 2006-01-01 · resigned 2009-05-19

Resigned

EVANS, David Charles→

director · ~73y · appointed 2008-04-01 · resigned 2009-05-19

Resigned

FEE, Ian Lewis, Captain→

director · ~73y · appointed 2001-02-09 · resigned 2007-03-31

Resigned

GIBBONS, Dennis→

director · ~79y · resigned 2001-02-09

Resigned

HEPWORTH, Terence→

director · ~93y · resigned 1995-05-18

Resigned

RIX, John Robert→

director · ~92y · resigned 2017-08-03

Resigned

RIX, Phyllis→

director · ~122y · resigned 1998-02-08

Resigned

RIX, Timothy John→

director · ~63y · resigned 2009-05-19

Resigned

WILSON, David Ernest→

director · ~81y · resigned 2008-04-07

Resigned

WINKLE, Sally Joanna→

director · ~61y · resigned 2009-05-19

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Lloyds Banking Group Lloyds Tsb Bank PLC	An omnibus guarantee and set-off agreement	1 property	06/05/2009	—
outstanding	Lloyds Banking Group Lloyds Tsb Bank PLC	Debenture	1 property	06/05/2009	—
satisfied	National Westminster Bank National Westminster Bank LTD	Marine deed of convenant	1 property	15/05/1970	07/08/2009

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