BIRCHANGER INVESTMENT COMPANY LIMITED

💤Zombieactive
00712885 · ltd · incorporated 1962-01-15
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 Apr 2025
Net worth
£857.4k
book net assets
Opportunity
77/100
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: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 68-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 61.1y

15/100
under pressure

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

  • · Oldest live charge is 61.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (1 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 105 (micro)
Positive net assets
Net assets £857,372
Net assets shrinking
Down £17,295 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£857k
↓ 2.0% YoY
Current Assets
£452k
↓ 33% YoY
Current Liabilities
—
£0£175k£350k£525k£700k£875kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-052024-04-05
Total assets£895.1k£899.1k
Current assets£452.2k£671.7k
Net assets£857.4k£874.7k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-03-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-10-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-08-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-12-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-09-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-03-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-03-29
    ➖
    TARRANT, Maureen resigned
    director
  8. 2022-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-06-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-06-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-04-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2017-09-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2017-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-02-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2017-02-14
    ➖
    ANDREWS, Pamela Jean resigned
    secretary
  18. 2017-02-14
    ➖
    ANDREWS, Pamela Jean resigned
    director
  19. 2016-09-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2016-06-05
    ➕
    LAFFAN, Jane Belinda appointed
    director
  21. 2004-10-07
    ➕
    ANDREWS, Pamela Jean appointed
    secretary
  22. 2004-10-07
    ➖
    JAYE, David resigned
    secretary
  23. 2004-08-26
    ➖
    ANDREWS, Pamela Jean resigned
    secretary
  24. 2004-08-26
    ➕
    JAYE, David appointed
    secretary
  25. 2002-11-02
    ➖
    SMITH, Wendy Mavis resigned
    director
  26. 2000-09-15
    ➕
    SMITH, Wendy Mavis appointed
    director
  27. 2000-09-15
    ➕
    TARRANT, Maureen appointed
    director
  28. 2000-08-22
    ➖
    FOLEY, Jeffrey resigned
    director
  29. 1999-02-15
    ➖
    FOLEY, Winifred Edith resigned
    secretary
  30. 1999-02-15
    ➖
    FOLEY, Winifred Edith resigned
    director
  31. 1999-01-15
    ➕
    ANDREWS, Pamela Jean appointed
    secretary
  32. 1993-05-12
    🔓
    Charge satisfied #4
  33. 1993-05-12
    🔓
    Charge satisfied #3
  34. 1993-05-12
    🔓
    Charge satisfied #2
  35. 1993-05-12
    🔓
    Charge satisfied #1
  36. 1991-12-09
    ➕
    ANDREWS, Pamela Jean appointed
    director
  37. 1973-11-28
    🔒
    Charge registered #4
    Lender: Eagle Star Insurance Company Limited
  38. 1972-02-22
    🔒
    Charge registered #3
    Lender: Midland Bank PLC
  39. 1965-09-29
    🔒
    Charge registered #2
    Lender: Eagle Star Insurance Company LTD.
  40. 1965-05-14
    🔒
    Charge registered #1
    Lender: Eagle Star Insurance Company LTD.
  41. 1962-01-15
    🏢
    Company incorporated
    As BIRCHANGER INVESTMENT COMPANY LIMITED

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

80/100
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 68. 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 64 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Roger Wesley Smith
Individual · British · DOB 03/1939 · age 87
25–50%
—25-50% shares06/04/2016

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 →

Similar companies

Active · Property · HA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
2 DIAMONDS CONSTRUCTION LTD→
13762961 · est 2021 · no financials extracted
————4y——
2 HILL ESTATE LIMITED→
14691882 · est 2023 · no financials extracted
————3y——
2 OATLANDS ROAD ENFIELD LTD→
14569569 · est 2023 · no financials extracted
————3y——
2 REDHILL LIMITED→
15596213 · est 2024 · no financials extracted
————2y——
2212 WEST GATE LIMITED→
17011489 · est 2026 · no financials extracted
———————
23 FARMSTEAD ROAD, HARROW WEALD (FREEHOLD) LIMITED→
11944391 · est 2019 · no financials extracted
————7y——
24 BRIICK LTD→
13686625 · est 2021 · no financials extracted
————4y——
24121 REAL ESTATE LIMITED→
16373779 · est 2025 · no financials extracted
————1y——
24NKR LTD→
16157854 · est 2024 · no financials extracted
————1y——
26 SECOND AVENUE LTD→
12621064 · est 2020 · no financials extracted
————5y——
268-274 HEADSTONE LANE (FREEHOLD) LIMITED→
17104944 · est 2026 · no financials extracted
———————
27TF1 LTD→
16951931 · est 2026 · no financials extracted
———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1962-01-15
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

14 Soane Square
Stanmore
HA7 3GB
England

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-09-07
Last: 2025-08-24

Officers (1 active · 9 resigned)

LAFFAN, Jane Belinda→
director · ~68y · appointed 2016-06-05
View their other companies + combined net worth →
Active
ANDREWS, Pamela Jean→
secretary · appointed 2004-10-07 · resigned 2017-02-14
Resigned
ANDREWS, Pamela Jean→
secretary · appointed 1999-01-15 · resigned 2004-08-26
Resigned
FOLEY, Winifred Edith→
secretary · resigned 1999-02-15
Resigned
JAYE, David→
secretary · appointed 2004-08-26 · resigned 2004-10-07
Resigned
ANDREWS, Pamela Jean→
director · ~91y · appointed 1991-12-09 · resigned 2017-02-14
Resigned
FOLEY, Jeffrey→
director · ~88y · resigned 2000-08-22
Resigned
FOLEY, Winifred Edith→
director · ~114y · resigned 1999-02-15
Resigned
SMITH, Wendy Mavis→
director · ~83y · appointed 2000-09-15 · resigned 2002-11-02
Resigned
TARRANT, Maureen→
director · ~93y · appointed 2000-09-15 · resigned 2023-03-29
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Eagle Star Insurance Company
Eagle Star Insurance Company Limited
Further charge1 property28/11/197312/05/1993
satisfied
Midland Bank
Midland Bank PLC
Mortgage1 property22/02/197212/05/1993
satisfied
Eagle Star Insurance Company .
Eagle Star Insurance Company LTD.
Further charge1 property29/09/196512/05/1993
satisfied
Eagle Star Insurance Company .
Eagle Star Insurance Company LTD.
Mortgage1 property14/05/196512/05/1993

Recent filings (113 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
change-person-director-company-with-change-date
officers · CH01
2025-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-25
termination-director-company-with-name-termination-date
officers · TM01
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-18
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-08