BAGS DIRECT INTERNATIONAL LIMITED

🌳Matureactive
00706637 · ltd · incorporated 1961-10-27
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 59.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£72.1k
book net assets
Opportunity
79/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 59.1y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 59.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 · accounting standard not declared
Positive net assets
Net assets £72,073
Net assets shrinking
Down £24,281 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£72k
↓ 25% YoY
Current Assets
£82k
↓ 23% YoY
Current Liabilities
—
£0£21k£42k£64k£85k£106kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£72.1k£96.4k
Current assets£81.6k£105.9k
Net assets£72.1k£96.4k

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-07-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-10-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-08-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-02-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2020-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-07-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-06-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2019-06-19
    🔓
    Charge satisfied #5
  14. 2018-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-07-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2007-09-04
    🔓
    Charge satisfied #4
  18. 2007-09-04
    🔓
    Charge satisfied #3
  19. 2007-09-04
    🔓
    Charge satisfied #2
  20. 2007-09-04
    🔓
    Charge satisfied #1
  21. 2001-10-05
    🔒
    Charge registered #5
    Lender: Hsbc Bank PLC
  22. 1998-10-01
    ➖
    WELLS, John resigned
    director
  23. 1995-12-24
    ➕
    WELLS, Teresa Diana appointed
    secretary
  24. 1995-12-24
    ➕
    WELLS, Teresa Diana appointed
    director
  25. 1995-12-24
    ➖
    WELLS, John resigned
    secretary
  26. 1995-12-24
    ➖
    WELLS, Eileen Mclennan resigned
    director
  27. 1989-09-06
    🔒
    Charge registered #4
    Lender: Midland Bank PLC
  28. 1989-06-23
    🔒
    Charge registered #3
    Lender: Midland Bank PLC
  29. 1978-02-07
    🔒
    Charge registered #2
    Lender: Midland Bank PLC
  30. 1967-06-10
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  31. 1961-10-27
    🏢
    Company incorporated
    As BAGS DIRECT INTERNATIONAL LIMITED

Owner dependency

91/100
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 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
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 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 65 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Phillip Wells
Individual · British · DOB 03/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Teresa Diana Wells
Individual · British · DOB 02/1958 · age 68
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Wholesale & distribution · RG postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ASCEND CARE LIMITED→
11410009 · est 2018 · no financials extracted
————7y——
ASHRIDGE MANOR FARM NURSERY LIMITED→
11000598 · est 2017 · no financials extracted
————8y——
ASPEN EDGE GROUP LIMITED→
15672691 · est 2024 · no financials extracted
————1y——
AUREUM PARTNERS LIMITED→
16288070 · est 2025 · no financials extracted
————1y——
AVRON TRADING LIMITED→
04541189 · est 2002 · no financials extracted
————23y——
AXUNIO LTD→
15677540 · est 2024 · no financials extracted
————1y——
AYRASS LTD→
16239660 · est 2025 · no financials extracted
————1y——
B.D.A. (INITIATIVES) LIMITED→
02972167 · est 1994 · no financials extracted
————31y——
BABICKA VODKA (INTERNATIONAL) LIMITED→
08662177 · est 2013 · no financials extracted
————12y——
BABYLISS UK LIMITED→
02856411 · est 1993 · no financials extracted
————32y——
BAD WORKWEAR UK PTY LTD→
14318721 · est 2022 · no financials extracted
————3y——
BAJWA EXPORT LIMITED→
16683025 · est 2025 · no financials extracted
———————
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
Incorporated1961-10-27
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

Unit 4 City Limits
Danehill
Reading
Berkshire
RG6 4UP
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-11-11
Last: 2025-10-28

Officers (3 active · 3 resigned)

WELLS, Teresa Diana→
secretary · appointed 1995-12-24
View their other companies + combined net worth →
Active
WELLS, Philip→
director · ~69y
View their other companies + combined net worth →
Active
WELLS, Teresa Diana→
director · ~68y · appointed 1995-12-24
View their other companies + combined net worth →
Active
WELLS, John→
secretary · resigned 1995-12-24
Resigned
WELLS, Eileen Mclennan→
director · ~94y · resigned 1995-12-24
Resigned
WELLS, John→
director · ~96y · resigned 1998-10-01
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage2 properties05/10/200119/06/2019
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property06/09/198904/09/2007
satisfied
Midland Bank
Midland Bank PLC
Legal charge1 property23/06/198904/09/2007
satisfied
Midland Bank
Midland Bank PLC
Floating charge1 property07/02/197804/09/2007
satisfied
Midland Bank
Midland Bank PLC
Mortgage1 property10/06/196704/09/2007

Recent filings (101 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-11
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-11
change-person-director-company-with-change-date
officers · CH01
2021-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-03