BERNLITE LIMITED
🌳Matureactive
01829340 · ltd · incorporated 1984-07-02
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 Dec 2024
Net worth
£6.13M
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
PursueAsset-holding vehicle with a 62-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (60/100, director aged 62). 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 (65/100).
🏦
Refinance opportunity
10 live charges · 3 lenders · oldest 41.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 41.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 8 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
149 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
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 declaredPositive net assets
Net assets £6,126,037
Net assets shrinking
Down £109,400 YoY
Cash YoY
-5%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£4.7m
↓ 4.7% YoY
Net Worth
£6.1m
↓ 1.8% YoY
Current Assets
£5.9m
↓ 7.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £6.13M | £6.24M |
| Current assets | £5.90M | £6.36M |
| Cash | £4.69M | £4.93M |
| Debtors | £617.8k | £632.8k |
| Net assets | £6.13M | £6.24M |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
- 2025-07-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-03-31➖GLAZER, Margaret Elaine resigneddirector
- 2025-03-26📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-02-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-09-18📄accounts-with-accounts-type-smallaccounts · AA
- 2024-04-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-21➖GLAZER, Barry Sydney resigneddirector
- 2024-04-17➕CLIFTON, Jane Estelle appointeddirector
- 2024-04-17➕GLAZER, Margaret Elaine appointeddirector
- 2024-04-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-26📄accounts-with-accounts-type-smallaccounts · AA
- 2022-06-17📄accounts-with-accounts-type-smallaccounts · AA
- 2021-07-01📄accounts-with-accounts-type-smallaccounts · AA
- 2020-07-22📄accounts-with-accounts-type-smallaccounts · AA
- 2019-04-23📄accounts-with-accounts-type-smallaccounts · AA
- 2015-02-05🔓Charge satisfied #10
- 2015-02-05🔓Charge satisfied #9
- 2015-02-05🔓Charge satisfied #8
- 2015-02-05🔓Charge satisfied #7
- 2010-07-30🔒Charge registered #10Lender: Hsbc Bank PLC
- 2010-05-19🔒Charge registered #9Lender: Hsbc Bank PLC
- 2010-05-19🔒Charge registered #8Lender: Hsbc Bank PLC
- 2010-05-19🔒Charge registered #7Lender: Hsbc Bank PLC
- 2008-08-09🔓Charge satisfied #6
- 2008-08-09🔓Charge satisfied #5
- 2005-02-11🔒Charge registered #6Lender: Hsbc Bank PLC
- 2005-02-11🔒Charge registered #5Lender: Hsbc Bank PLC
- 2004-07-09🔓Charge satisfied #4
- 2004-07-09🔓Charge satisfied #1
- 2000-12-31➖BURRIDGE, Peter Charles, Mister resigneddirector
- 2000-11-01➕FUELL, Donna appointeddirector
- 2000-09-04➖ALLEN, Henry George James resigneddirector
- 2000-01-15➕FUELL, Donna appointedsecretary
- 2000-01-15➖ALLEN, Henry George James resignedsecretary
- 1998-06-12🔓Charge satisfied #3
- 1998-02-17🔒Charge registered #4Lender: Midland Bank PLC
- 1997-06-01➕BURRIDGE, Peter Charles, Mister appointeddirector
- 1997-03-01➕GLAZER, Jason Scott appointeddirector
- 1995-09-29➖BERNBERG, Ernest Mervyn resigneddirector
- 1994-09-26🔒Charge registered #3Lender: Griffin Factors Limited
- 1994-07-25🔓Charge satisfied #2
- 1989-02-10🔒Charge registered #2Lender: Midland Bank PLC
- 1984-09-17🔒Charge registered #1Lender: Midland Bank PLC
- 1984-07-02🏢Company incorporatedAs BERNLITE LIMITED
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Mjjg Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Mjjg Limited
Corporate parent · holds 75-100% shares · board control
⬇
BERNLITE LIMITED
This company · 01829340
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 |
|---|---|---|---|---|
Mjjg Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 31/03/2025 |
2 historic (ceased) PSCs
- Mrs Margaret Elaine Glazerceased 31/03/2025· 75-100% shares · 75-100% voting · board control
- Mr Barry Sydney Glazerceased 28/01/2025· 75-100% shares
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 · Wholesale & distribution · WD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| B.ROGERS(CARTONS)LIMITED→ 00813993 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| BASELINE TECHNOLOGIES LTD→ 08999478 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| BEDFORD TEAM UK LTD→ 13400362 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BELLATRIX T&T LTD→ 13433286 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BELLVORS LIMITED→ 15970522 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BELMONT STORE LTD→ 10883366 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| BHANU FRESH FOODS LTD→ 16998338 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BIO COSMETICS UA LTD→ 09214583 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| BIOBOS LIMITED→ 08931872 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| BIOGREEN INNOVATIONS LTD→ 16745682 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BIS (INTERNATIONAL) LIMITED→ 03073267 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| BISHOPSGRANGE WHISKY CLUB LIMITED→ 14982627 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1984-07-02
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade
Registered office
Unit 2 The Eclipse Industrial Est
20 Sandown Road
Watford
Herts
WD24 7AE
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-21
Last: 2026-05-07
Officers (4 active · 6 resigned)
Active
CLIFTON, Jane Estelle→
Activedirector · ~53y · appointed 2024-04-17
View their other companies + combined net worth →
FUELL, Donna→
Activedirector · ~62y · appointed 2000-11-01
View their other companies + combined net worth →
GLAZER, Jason Scott→
Activedirector · ~56y · appointed 1997-03-01
View their other companies + combined net worth →
ALLEN, Henry George James→
Resignedsecretary · resigned 2000-01-15
ALLEN, Henry George James→
Resigneddirector · ~84y · resigned 2000-09-04
BERNBERG, Ernest Mervyn→
Resigneddirector · ~92y · resigned 1995-09-29
BURRIDGE, Peter Charles, Mister→
Resigneddirector · ~73y · appointed 1997-06-01 · resigned 2000-12-31
GLAZER, Barry Sydney→
Resigneddirector · ~81y · resigned 2024-04-21
GLAZER, Margaret Elaine→
Resigneddirector · ~80y · appointed 2024-04-17 · resigned 2025-03-31
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
0
Outstanding
0
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 30/07/2010 | 05/02/2015 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 19/05/2010 | 05/02/2015 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 19/05/2010 | 05/02/2015 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 19/05/2010 | 05/02/2015 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 11/02/2005 | 09/08/2008 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 11/02/2005 | 09/08/2008 | |
| satisfied | Midland Bank Midland Bank PLC | Debenture | 1 property | 17/02/1998 | 09/07/2004 | |
| satisfied | Griffin Factors Griffin Factors Limited | Fixed equitable charge | 1 property | 26/09/1994 | 12/06/1998 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 10/02/1989 | 25/07/1994 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 17/09/1984 | 09/07/2004 |
Recent filings (149 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-15
termination-director-company-with-name-termination-date
officers · TM01
2025-05-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-12
change-person-director-company-with-change-date
officers · CH01
2025-03-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-small
accounts · AA
2024-09-18
termination-director-company-with-name-termination-date
officers · TM01
2024-04-24
appoint-person-director-company-with-name-date
officers · AP01
2024-04-17
appoint-person-director-company-with-name-date
officers · AP01
2024-04-17