THE BRITISH SOFT DRINKS ASSOCIATION LIMITED

🌳Matureactive
00500979 · private-limited-guarant-nsc · incorporated 1951-11-03
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 41.4y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£851.4k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other food services
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 94110Activities of business and employers membership organisations
Investor take
Pursue
Asset-holding vehicle with a 72-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 72). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 41.4y

50/100
clean up first

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

  • · Oldest live charge is 41.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
100 officers (22 active, 100 linked, 94 with DOB)
89
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
486 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £851,383
Cash YoY
+27%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.7m
↑ 27% YoY
Net Worth
£851k
↑ 4.7% YoY
Current Assets
£2.0m
↑ 37% YoY
Current Liabilities
£0£404k£808k£1.2m£1.6m£2.0mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£851.4k£813.0k
Current assets£2.02M£1.48M
Cash£1.74M£1.37M
Net assets£851.4k£813.0k

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

Recent activity

Last 30 days
1
filing
  • 1 officers
Last 90 days
3
filings
  • 3 officers
Last 180 days
7
filings
  • 7 officers
Counts from Companies House filing history.
Corporate timeline (190 events)Click to expand
  1. 2026-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-03-17
    BAGNALL, Andrew Stephen Knight appointed
    secretary
  3. 2026-03-17
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  4. 2026-03-17
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2026-03-16
    PARTINGTON, Gavin resigned
    secretary
  6. 2026-02-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2026-02-06
    BRAY, Ian David resigned
    director
  8. 2026-02-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2026-01-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2026-01-26
    BRADSHAW, Christopher John resigned
    director
  11. 2026-01-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-12-31
    DUFFIN, Jonathan Paul resigned
    director
  13. 2025-11-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2025-08-28
    CLARE, Nicola Josephine appointed
    director
  15. 2025-08-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2025-07-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2025-06-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2025-05-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2025-04-30
    DUFFIN, Jonathan Paul appointed
    director
  20. 2025-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2025-03-28
    BALDWIN, Sarah Jane resigned
    director
  22. 2025-02-03
    DAVIES, Paul Thomas appointed
    director
  23. 2025-02-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2025-01-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2025-01-17
    GRAHAM, Richard Paul resigned
    director
  26. 2024-11-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2024-11-07
    BENDIT, Paul appointed
    director
  28. 2024-11-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  29. 2024-11-01
    SEIBOLD EFFROY, Elise Veronique Louise appointed
    director
  30. 2024-10-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  31. 2024-09-27
    REES, Christopher James appointed
    director
  32. 2024-08-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  33. 2024-08-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  34. 2024-08-16
    HOWARD, Michael Alan resigned
    director
  35. 2024-08-09
    RIDDLE, Andy appointed
    director
  36. 2024-07-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  37. 2024-06-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  38. 2024-06-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  39. 2024-06-11
    HARDING, Michael appointed
    director
  40. 2024-06-11
    FILIPPOSYANTS, Natalia resigned
    director
  41. 2024-05-01
    SUTHERLAND, Euan Angus appointed
    director
  42. 2024-05-01
    GLANCY-ROSS, Suzanne resigned
    director
  43. 2024-03-08
    MORRIS-JINKS, Andrew Alan appointed
    director
  44. 2024-02-14
    DODWELL, Guy Christopher resigned
    director
  45. 2023-11-20
    BRUNEL, Davy Marc Noel Georges appointed
    director
  46. 2023-07-28
    DODWELL, Guy Christopher appointed
    director
  47. 2023-03-13
    LOGAN, James David Phillips appointed
    director
  48. 2023-01-27
    GORDON, Duncan resigned
    director
  49. 2022-06-07
    CLARK, Andrew resigned
    director
  50. 2022-06-07
    EDWARDS, Endaf Vincent Hugh resigned
    director
Showing most recent 50 of 190 events

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -21 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — 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 72 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 17 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
4 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: PARTINGTON, Gavin resigned 2026-03-16; BRADSHAW, Christopher John resigned 2026-01-26; BRAY, Ian David resigned 2026-02-06

🔒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

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
Typeprivate-limited-guarant-nsc
Incorporated1951-11-03
Jurisdictionengland-wales
Primary SIC56290 — Other food services

Registered office

20-22 Bedford Row
London
WC1R 4EB

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-24
Last: 2025-07-10

Officers (22 active · 170 resigned)

BAGNALL, Andrew Stephen Knight
secretary · appointed 2026-03-17
View their other companies + combined net worth →
Active
ARMSTRONG, John Dillworth
director · ~72y · appointed 2018-05-08
View their other companies + combined net worth →
Active
BENDIT, Paul
director · ~67y · appointed 2024-11-07
View their other companies + combined net worth →
Active
BRUNEL, Davy Marc Noel Georges
director · ~50y · appointed 2023-11-20
View their other companies + combined net worth →
Active
CHARLES, Peter
director · ~48y · appointed 2018-05-08
View their other companies + combined net worth →
Active
CLARE, Nicola Josephine
director · ~40y · appointed 2025-08-28
View their other companies + combined net worth →
Active
DAVIES, Paul Thomas
director · ~54y · appointed 2025-02-03
View their other companies + combined net worth →
Active
FEARN, Matthew James
director · ~53y · appointed 2018-05-08
View their other companies + combined net worth →
Active
HARDING, Michael
director · ~45y · appointed 2024-06-11
View their other companies + combined net worth →
Active
HARGRAVES, Andrew James
director · ~52y · appointed 2019-11-11
View their other companies + combined net worth →
Active
KEARNS, Stephen
director · ~52y · appointed 2021-09-08
View their other companies + combined net worth →
Active
LOGAN, James David Phillips
director · ~48y · appointed 2023-03-13
View their other companies + combined net worth →
Active
MANNERS, Richard John Peverel
director · ~63y · appointed 2016-09-13
View their other companies + combined net worth →
Active
MILNE, Andrew Paul
director · ~53y · appointed 2021-07-23
View their other companies + combined net worth →
Active
MORRIS-JINKS, Andrew Alan
director · ~46y · appointed 2024-03-08
View their other companies + combined net worth →
Active
REES, Christopher James
director · ~42y · appointed 2024-09-27
View their other companies + combined net worth →
Active
RIDDLE, Andy
director · ~55y · appointed 2024-08-09
View their other companies + combined net worth →
Active
SEIBOLD EFFROY, Elise Veronique Louise
director · ~45y · appointed 2024-11-01
View their other companies + combined net worth →
Active
SUTHERLAND, Euan Angus
director · ~57y · appointed 2024-05-01
View their other companies + combined net worth →
Active
WARD, Jonathan Christopher
director · ~48y · appointed 2019-01-07
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Burswood B.V.
Lease1 property20/03/199203/11/2015
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Legal charge1 property28/12/198403/11/2015

Recent filings (486 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-05-06
appoint-person-secretary-company-with-name-date
officers · AP03
2026-03-17
termination-secretary-company-with-name-termination-date
officers · TM02
2026-03-17
termination-director-company-with-name-termination-date
officers · TM01
2026-02-13
termination-director-company-with-name-termination-date
officers · TM01
2026-02-02
termination-director-company-with-name-termination-date
officers · TM01
2026-01-28
termination-director-company-with-name-termination-date
officers · TM01
2026-01-07
change-person-director-company-with-change-date
officers · CH01
2025-11-14
appoint-person-director-company-with-name-date
officers · AP01
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-22
termination-director-company-with-name-termination-date
officers · TM01
2025-07-07
accounts-with-accounts-type-small
accounts · AA
2025-06-26
appoint-person-director-company-with-name-date
officers · AP01
2025-05-06
termination-director-company-with-name-termination-date
officers · TM01
2025-03-31
appoint-person-director-company-with-name-date
officers · AP01
2025-02-03