BLUEBELL RAILWAY OPERATING LIMITED

🌳Matureactive
00649797 · ltd · incorporated 1960-02-17
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 62.2y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 49100
Sector: Transportation & storage
Investor take
Pursue
Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 74). 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 (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 62.2y

50/100
clean up first

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

  • · Oldest live charge is 62.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
35 officers (3 active, 35 linked, 33 with DOB)
89
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
141 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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 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

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

Recent activity

Last 30 days
0
filings
Last 90 days
3
filings
  • 2 officers
  • 1 confirmation-statement
Last 180 days
3
filings
  • 2 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (73 events)Click to expand
  1. 2026-06-18
    GLASKIN, Neil Henry appointed
    director
  2. 2026-06-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-05-13
    GLASKIN, Neil Henry resigned
    director
  4. 2026-05-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-10-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-12-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-09-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-09-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-07-27
    WATTS, Royston John appointed
    director
  10. 2024-07-27
    GLASKIN, Neil Henry appointed
    director
  11. 2024-03-04
    CHURCHMAN, Paul Raymond resigned
    director
  12. 2024-03-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2023-09-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2023-01-31
    FLIGHT, Graham Leslie appointed
    director
  15. 2023-01-31
    CHURCHMAN, Paul Raymond appointed
    director
  16. 2023-01-31
    LELEW, Paul Anthony resigned
    director
  17. 2023-01-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2023-01-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2023-01-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2022-06-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2022-04-26
    BURCH, David Eric resigned
    director
  22. 2022-04-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2021-10-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  24. 2021-07-06
    LELEW, Paul Anthony appointed
    director
  25. 2021-07-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2021-05-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2021-05-26
    HUNFORD, Christopher Lawrence resigned
    director
  28. 2021-02-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  29. 2020-05-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  30. 2020-05-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  31. 2020-05-12
    BURCH, David Eric appointed
    director
  32. 2020-05-12
    HUNFORD, Christopher Lawrence appointed
    director
  33. 2020-05-12
    WHITE, Christopher Ronald Graham resigned
    director
  34. 2019-11-28
    WHITE, Christopher Ronald Graham appointed
    director
  35. 2019-11-28
    WIDDOWSON, Martin Neil resigned
    director
  36. 2019-03-28
    PEARCE, Russell resigned
    director
  37. 2016-08-05
    BAKER, Timothy resigned
    director
  38. 2014-04-25
    FLIGHT, Graham Leslie resigned
    secretary
  39. 2014-04-25
    FLIGHT, Graham Leslie resigned
    director
  40. 2014-04-25
    WIDDOWSON, Martin Neil appointed
    director
  41. 2009-11-23
    🔒
    Charge registered #2
    Lender: The Trustees of the National Heritage Memorial Fund
  42. 2002-03-25
    FLIGHT, Graham Leslie appointed
    secretary
  43. 2002-03-25
    POTTER, John Edward resigned
    secretary
  44. 2002-03-25
    BAKER, Timothy appointed
    director
  45. 2002-03-25
    BROPHY, William Janes resigned
    director
  46. 2002-03-25
    FLIGHT, Graham Leslie appointed
    director
  47. 2002-03-25
    HOLDEN, Bernard John resigned
    director
  48. 2002-03-25
    PEARCE, Russell appointed
    director
  49. 2002-03-25
    POTTER, John Edward resigned
    director
  50. 1995-12-08
    BAKER, Timothy resigned
    director
Showing most recent 50 of 73 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
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.

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

Bluebell Railway Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bluebell Railway Plc
Corporate parent · holds 75-100% shares · board control
ultimate parent
BLUEBELL RAILWAY OPERATING LIMITED
This company · 00649797

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%
NameSharesVoting rightsNature of controlNotified
Bluebell Railway Plc
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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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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
Incorporated1960-02-17
Jurisdictionengland-wales
Primary SIC49100 — SIC 49100

Registered office

Sheffield Park Station
Uckfield
Sussex
TN22 3QL

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-21
Last: 2026-04-07

Officers (3 active · 32 resigned)

FLIGHT, Graham Leslie
director · ~74y · appointed 2023-01-31
View their other companies + combined net worth →
Active
GLASKIN, Neil Henry
director · ~49y · appointed 2026-06-18
View their other companies + combined net worth →
Active
WATTS, Royston John
director · ~73y · appointed 2024-07-27
View their other companies + combined net worth →
Active
FLIGHT, Graham Leslie
secretary · appointed 2002-03-25 · resigned 2014-04-25
Resigned
POTTER, John Edward
secretary · resigned 2002-03-25
Resigned
BAKER, Timothy
director · ~62y · appointed 2002-03-25 · resigned 2016-08-05
Resigned
BAKER, Timothy
director · ~62y · resigned 1995-12-08
Resigned
BROPHY, William Janes
director · ~85y · resigned 2002-03-25
Resigned
BURCH, David Eric
director · ~64y · appointed 2020-05-12 · resigned 2022-04-26
Resigned
CAMERON, Neil
director · ~70y · resigned 1994-05-07
Resigned
CHARMAN, Alan Richard
director · ~77y · appointed 1995-05-19 · resigned 1995-12-08
Resigned
CHURCHMAN, Paul Raymond
director · ~49y · appointed 2023-01-31 · resigned 2024-03-04
Resigned
CHURCHMAN, Vanessa Claire
director · ~85y · appointed 1995-05-19 · resigned 1995-12-08
Resigned
COX, Peter Gerald
director · ~90y · resigned 1995-05-13
Resigned
CRUSE, Peter Charles
director · ~81y · resigned 1993-03-20
Resigned
EATWELL, Edward Charles
director · ~66y · resigned 1994-05-07
Resigned
FLIGHT, Graham Leslie
director · ~74y · appointed 2002-03-25 · resigned 2014-04-25
Resigned
FOALE, David Antony
director · ~81y · resigned 1995-12-08
Resigned
GLASKIN, Neil Henry
director · ~49y · appointed 2024-07-27 · resigned 2026-05-13
Resigned
HOBDEN, Harold
director · ~113y · appointed 1994-05-13 · resigned 1995-12-08
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
The Trustees of the National Heritage Memorial Fund
Legal charge1 property23/11/2009
outstanding
National Provincial Bank .
National Provincial Bank LTD.
Mortgage1 property24/04/1964
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (141 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-13
termination-director-company-with-name-termination-date
officers · TM01
2026-05-13
accounts-with-accounts-type-dormant
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-17
accounts-with-accounts-type-dormant
accounts · AA
2024-12-24
appoint-person-director-company-with-name-date
officers · AP01
2024-09-26
appoint-person-director-company-with-name-date
officers · AP01
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-10
termination-director-company-with-name-termination-date
officers · TM01
2024-03-04
accounts-with-accounts-type-dormant
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-26
termination-director-company-with-name-termination-date
officers · TM01
2023-01-31
appoint-person-director-company-with-name-date
officers · AP01
2023-01-31
appoint-person-director-company-with-name-date
officers · AP01
2023-01-31