BCN (BATH) LIMITED
🌳Matureactive
01781166 · ltd · incorporated 1983-12-29
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 42.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£172.1k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
- 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · oldest 42.0y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 42.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 23/100 — clean.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
8 officers (2 active, 8 linked, 7 with DOB)
88
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
117 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
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
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 £172,095
Net assets shrinking
Down £5,271 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£172k
↓ 3.0% YoY
Current Assets
£39k
↑ 3.9% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £172.1k | £177.4k |
| Current assets | £38.5k | £37.1k |
| Net assets | £172.1k | £177.4k |
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 officers
Last 90 days
1
filing
- • 1 officers
Last 180 days
3
filings
- • 1 officers
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2026-07-21📄replacement-filing-of-director-appointment-with-nameofficers · RP01AP01
- 2026-02-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-03-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-03-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-03-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-24➖NEATHEY, Brian Charles resigneddirector
- 2024-11-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-30➕NEATHEY, Theresa Estelle appointeddirector
- 2024-08-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-18📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-07-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-06-26➖NEATHEY, Catherine Jean resignedsecretary
- 2024-06-26➖NEATHEY, Catherine Jean resigneddirector
- 2024-02-24➕WOOD, Rachel Fiona appointeddirector
- 2023-11-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-07-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-11-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-11➖NEATHEY, Stuart Daniel resigneddirector
- 2014-04-24🔓Charge satisfied #2
- 2014-04-24🔓Charge satisfied #1
- 2014-02-15➕NEATHEY, Stuart Daniel appointeddirector
- 2002-12-13➖HINDLE, Jason resigneddirector
- 2002-12-13➖NEATHEY, Stuart Daniel resigneddirector
- 2000-12-19🔒Charge registered #2Lender: National Westminster Bank PLC
- 1998-01-01➕HINDLE, Jason appointeddirector
- 1998-01-01➕NEATHEY, Stuart Daniel appointeddirector
- 1984-07-20🔒Charge registered #1Lender: National Westminster Bank PLC
- 1983-12-29🏢Company incorporatedAs BCN (BATH) LIMITED
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Rachel Fiona Wood Individual · British · DOB 07/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 24/02/2025 |
Miss Theresa Estelle Neathey Individual · British · DOB 04/1972 · age 54 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 24/02/2025 |
3 historic (ceased) PSCs
- Mr Brian Charles Neatheyceased 24/02/2025· 50-75% shares · 50-75% voting
- Mrs Catherine Jean Neatheyceased 26/06/2024· 50-75% shares · 50-75% voting
- Mr Brian Charles Neatheyceased 30/06/2023· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · BA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AVALON MOTOR SERVICES LIMITED→ 02297309 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| BAKER PROPERTY RENTALS LIMITED→ 14069559 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BANWELL HOUSE PROPERTY LIMITED→ 11361812 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BATH SIGNATURE HOLIDAYS LTD→ 17102627 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BATMINK PROPERTIES LIMITED→ 05951325 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| BATTERSEA PARK PROPERTIES LTD→ 12117539 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BAY TREE BATH LIMITED→ 16362558 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BB SUNRISE PROPERTIES LIMITED→ 09807642 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BDB PROPERTY LTD→ 10420945 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| BEACHROCK (CONSULTANCY) LIMITED→ 12902937 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BEACHROCK CANDLE LTD→ 15661698 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BEACHROCK LIMITED→ 12686024 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1983-12-29
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
The Island House
Midsomer Norton
Radstock
BA3 2DZ
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10
Officers (2 active · 6 resigned)
NEATHEY, Theresa Estelle→
Activedirector · ~54y · appointed 2024-08-30
View their other companies + combined net worth →
WOOD, Rachel Fiona→
Activedirector · ~57y · appointed 2024-02-24
View their other companies + combined net worth →
NEATHEY, Catherine Jean→
Resignedsecretary · resigned 2024-06-26
HINDLE, Jason→
Resigneddirector · ~65y · appointed 1998-01-01 · resigned 2002-12-13
NEATHEY, Brian Charles→
Resigneddirector · ~82y · resigned 2025-02-24
NEATHEY, Catherine Jean→
Resigneddirector · ~78y · resigned 2024-06-26
NEATHEY, Stuart Daniel→
Resigneddirector · ~54y · appointed 2014-02-15 · resigned 2018-06-11
NEATHEY, Stuart Daniel→
Resigneddirector · ~54y · appointed 1998-01-01 · resigned 2002-12-13
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 3 properties | 19/12/2000 | 24/04/2014 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 20/07/1984 | 24/04/2014 |
Recent filings (117 total)
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-03-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-03-10
appoint-person-director-company-with-name-date
officers · AP01
2025-03-10
termination-director-company-with-name-termination-date
officers · TM01
2025-03-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-01
appoint-person-director-company-with-name-date
officers · AP01
2024-08-30
termination-director-company-with-name-termination-date
officers · TM01
2024-07-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-18
termination-secretary-company-with-name-termination-date
officers · TM02
2024-07-18