BAY FREIGHT LIMITED
Opportunity 77/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 13 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
Refinance opportunity
18 live charges · 13 lenders · oldest 42.1y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 42.1 years old — likely at or near maturity.
- · 13 lenders named — inter-creditor friction likely.
- · Legal-friction score 48/100 (high).
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Turnover | £8.63M | £8.70M |
| Gross profit | £1.29M | £1.04M |
| Operating profit | £-142.0k | £-270.0k |
| Profit before tax | £-203.1k | £-344.8k |
| Average employees | 7200 | 7600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 officers
Corporate timeline (73 events)Click to expand
- 2026-03-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-01➕BLAKELEY, Allan appointeddirector
- 2026-01-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-10➖GERMANY, Barry John resigneddirector
- 2025-09-29📄accounts-with-accounts-type-fullaccounts · AA
- 2025-04-07➕COX, Graham John appointeddirector
- 2025-04-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-14📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2025-01-31📄accounts-with-accounts-type-fullaccounts · AA
- 2025-01-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-21➕JENKINS, Gareth appointeddirector
- 2024-12-21➕WARRILLOW, Benjamin James appointeddirector
- 2024-12-21➖FIELDS, Peter Richard resigneddirector
- 2024-12-21➕GERMANY, Barry John appointeddirector
- 2024-12-21➖NORFOLK, Graham Richard resigneddirector
- 2024-12-21🔒Charge registered #18Lender: Apex Group Hold Co (UK) Limited
- 2023-09-27📄accounts-with-accounts-type-fullaccounts · AA
- 2023-07-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-24📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-15🔓Charge satisfied #16
- 2022-03-15🔓Charge satisfied #15
- 2022-03-15🔓Charge satisfied #14
- 2022-03-15🔓Charge satisfied #11
- 2022-03-15🔓Charge satisfied #10
- 2022-03-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-03🔒Charge registered #17Lender: Sanne Group (UK) Limited
- 2021-12-17🔒Charge registered #16Lender: Sanne Fiduciary Services Limited for Itself and as Security Agent.
- 2021-10-01➖BAILEY, Daniel Ernest resigneddirector
- 2019-04-05🔒Charge registered #15Lender: Sanne Fiduciary Services Limited (As Security Agent)
- 2018-10-04🔒Charge registered #14Lender: Sanne Fiduciary Services Limied (As Security Agent)
- 2017-06-07🔒Charge registered #13Lender: Hsbc Invoice Finance (UK) LTD
- 2017-06-07🔒Charge registered #12Lender: Hsbc Invoice Finance (UK) LTD
- 2017-02-02🔒Charge registered #11Lender: Sanne Fiduciary Services Limited
- 2015-06-03🔓Charge satisfied #9
- 2015-06-03🔓Charge satisfied #8
- 2015-03-11🔒Charge registered #10Lender: Sanne Fiduciary Services Limited as the Security Agent
- 2012-01-09🔓Charge satisfied #6
- 2012-01-09🔓Charge satisfied #4
- 2012-01-09🔓Charge satisfied #3
- 2012-01-09🔓Charge satisfied #2
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Kinaxia Transport & Warehousing Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Kinaxia Transport & Warehousing Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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 · Transport & logistics · SK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ANT MAN LIMITED→ 16641150 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ANT'S AUTO MOBILES (FERGIE FLEET) LTD→ 14251631 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ASAP LOGISTICS UK LIMITED→ 03224526 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| ATLANTIC COURRIERS LIMITED→ 09700194 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AW LIFTING ASSESSMENTS LIMITED→ 11322793 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| B & G CHAUFFEURS LIMITED→ 15645437 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BARABAS LOGISTICS LIMITED→ 11048278 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| BELLE VUE BUSES LIMITED→ 12662848 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BENCHMARK CHAUFFEURING LIMITED→ 14047088 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BENTLEYS COACHES LTD→ 16771516 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BERESFORD CONTRACTING LIMITED→ 07454891 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| BEST REMOVALS AND STORAGE LTD→ 16259236 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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 →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
Registered office
Filing status
Officers (4 active · 10 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Apex Group Hold Co (UK) Apex Group Hold Co (UK) Limited | A registered charge | — | 21/12/2024 | — | |
| outstanding | Sanne Group (UK) Sanne Group (UK) Limited | A registered charge | — | 03/03/2022 | — | |
| satisfied | Sanne Fiduciary Services for Itself and as Security Agent. Sanne Fiduciary Services Limited for Itself and as Security Agent. | A registered charge | 1 property | 17/12/2021 | 15/03/2022 | |
| satisfied | Sanne Fiduciary Services (As Security Agent) Sanne Fiduciary Services Limited (As Security Agent) | A registered charge | 1 property | 05/04/2019 | 15/03/2022 | |
| satisfied | Sanne Fiduciary Services Limied (As Security Agent) | A registered charge | 1 property | 04/10/2018 | 15/03/2022 | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 07/06/2017 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 07/06/2017 | — | |
| satisfied | Sanne Fiduciary Services Sanne Fiduciary Services Limited | A registered charge | 1 property | 02/02/2017 | 15/03/2022 | |
| satisfied | Sanne Fiduciary Services as the Security Agent Sanne Fiduciary Services Limited as the Security Agent | A registered charge | 1 property | 11/03/2015 | 15/03/2022 | |
| satisfied | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 23/12/2011 | 03/06/2015 | |
| satisfied | Barclays Barclays Bank PLC | Fixed & floating charge | 1 property | 23/12/2011 | 03/06/2015 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 03/11/2006 | 14/09/2010 | |
| satisfied | Griffin Credit Services Griffin Credit Services Limited | Fixed charge on receivables and related rights | 1 property | 18/03/1998 | 09/01/2012 | |
| satisfied | Close Brothers Close Brothers Limited | A credit agreement entitled "prompt credit application" | 1 property | 07/12/1992 | 02/06/1995 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 2 properties | 30/03/1992 | 09/01/2012 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 06/03/1992 | 09/01/2012 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 06/02/1985 | 09/01/2012 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 29/05/1984 | 09/01/2012 |