B.W.INDUSTRIES LTD

🌳Matureactive

01189095 · ltd · incorporated 1974-10-31

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jan 2025

Net worth

£20.52M

book net assets

Opportunity

65/100

Strong

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What this business does

Primary activity: SIC 24330

Sector: Manufacturing

ALSO REGISTERED FOR

25110Manufacture of metal structures and parts of structures
25990SIC 25990

Investor take

Pursue

Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 65/100 (strong), bankability 57/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: refinance and hold (40/100).

🏦

Refinance opportunity

16 live charges · 8 lenders · oldest 48.7y

15/100

under pressure

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

· Oldest live charge is 48.7 years old — likely at or near maturity.
· 8 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

16 charges (16/16 with lender, 16/16 with type)

Directors & officers

17 officers (6 active, 17 linked, 15 with DOB)

Ownership & PSC

3 active PSC(s) of 5 total, 5 with control declared

Director network

5 connected companies via shared directors

Filing history

159 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

65/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £20,522,693

Net assets shrinking

Down £148,742 YoY

Cash draining

Cash down 91% YoY

Cash YoY

-91%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£180k

↓ 91% YoY

Net Worth

£21m

~ YoY

Current Assets

£19m

↓ 18% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-01-31	2024-01-31
Total assets	£21.46M	£20.98M
Current assets	£19.18M	£23.25M
Cash	£180.2k	£2.05M
Debtors	£15.77M	£17.63M
Net assets	£20.52M	£20.67M

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

filings

• 4 officers
• 1 mortgage
• 1 resolution

Counts from Companies House filing history.

Corporate timeline (67 events)Click to expand

2026-02-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-02-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-02-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-24
🔓
Charge satisfied #15
2026-02-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-14
📄
resolution
resolution · RESOLUTIONS
2026-02-14
📄
memorandum-articles
incorporation · MA
2026-02-05
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-01-30
➕
PETCH, Jamie appointed
director
2026-01-30
➖
PETCH, Jamie resigned
director
2026-01-30
➕
PETCH, Jamie appointed
director
2026-01-30
➖
PETCH, Jamie resigned
director
2025-10-24
📄
accounts-with-accounts-type-full
accounts · AA
2024-10-22
📄
accounts-with-accounts-type-full
accounts · AA
2024-02-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-08
🔒
Charge registered #16
Lender: Hsbc UK Bank PLC
2023-11-03
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-31
📄
accounts-with-accounts-type-full
accounts · AA
2023-10-20
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-20
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-13
📄
resolution
resolution · RESOLUTIONS
2023-10-13
📄
memorandum-articles
incorporation · MA
2023-10-12
➕
PETCH, James appointed
director
2023-10-12
➕
WATSON, Kevin appointed
director
2023-06-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-04-30
➖
ROUNDING, Gareth resigned
director
2022-10-10
📄
accounts-with-accounts-type-full
accounts · AA
2022-09-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-08-31
➖
PILLING, Neil resigned
director
2019-09-17
➕
SMITH, Stephen Paul appointed
director
2016-11-02
➕
SMITH, Daniel Robert appointed
secretary
2016-11-02
➕
SMITH, Daniel Robert appointed
director
2016-11-02
➖
SMITH, David John resigned
secretary
2016-11-02
➖
PUGH, Michael Guy De'Caux resigned
director
2016-11-02
➖
SMITH, David John resigned
director
2016-11-02
🔒
Charge registered #15
Lender: Hsbc Bank PLC
2016-11-02
🔒
Charge registered #14
Lender: Hsbc Bank PLC
2014-04-01
➕
REISS, Graham appointed
director
2014-04-01
➕
PILLING, Neil appointed
director
2014-04-01
➕
ROUNDING, Gareth appointed
director
2013-07-22
🔒
Charge registered #13
Lender: Hsbc Equipment Finance (UK) Limited
2007-09-15
🔓
Charge satisfied #10
2007-09-15
🔓
Charge satisfied #9
2007-09-05
🔓
Charge satisfied #4
2007-09-05
🔓
Charge satisfied #3
2007-09-05
🔓
Charge satisfied #2
2007-09-05
🔓
Charge satisfied #1
2007-08-30
🔒
Charge registered #12
Lender: Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited
2007-08-24
➖
BROUGH, Trevor resigned
director

Showing most recent 50 of 67 events

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

43/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondary12+ year tenure: Director in role 12 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med · 1 low

2 director resignations in last 12 months

medium

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

Evidence: PETCH, Jamie resigned 2026-01-30; PETCH, Jamie resigned 2026-01-30

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.

9 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

B W Manufacturing Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

B W Manufacturing Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

B.W.INDUSTRIES LTD

This company · 01189095

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
B W Manufacturing Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2016
Mr Daniel Robert Smith Individual · British · DOB 06/1987 · age 39	—	—	sig. influencesignificant influence	17/09/2019
Mr Stephen Paul Smith Individual · British · DOB 03/1985 · age 41	—	—	sig. influencesignificant influence	17/09/2019

2 historic (ceased) PSCs

Mr Neil Pillingceased 17/09/2019· significant influence
Mr Gareth Roundingceased 17/09/2019· significant influence

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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BONNI FASHIONS YORKSHIRE LTD→ 15180945 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BOR GROUP LTD→ 12298508 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
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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

Incorporated1974-10-31

Jurisdictionengland-wales

Primary SIC24330 — SIC 24330

Registered office

Lancaster Road

Carnaby Industrial Estate

Bridlington

East Yorkshire

YO15 3QY

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2026-11-05

Last: 2025-10-22