BAJ REALISATIONS LIMITED

🌳Matureactive
01932896 · ltd · incorporated 1985-07-23
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
49/100
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What this business does
Primary activity: SIC 2030
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 49/100 (watch), bankability 20/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 36.9y

40/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 36.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: low (49/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (4 active, 8 linked, 6 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
23
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-05-28
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2012-09-08
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  3. 2012-07-04
    ⚠️
    liquidation-in-administration-progress-report-with-brought-down-date
    insolvency · 2.24B
  4. 2012-07-04
    ⚠️
    liquidation-in-administration-progress-report-with-brought-down-date
    insolvency · 2.24B
  5. 2012-06-08
    ⚠️
    liquidation-in-administration-move-to-dissolution-with-case-end-date
    insolvency · 2.35B
  6. 2011-11-23
    ⚠️
    liquidation-in-administration-extension-of-period
    insolvency · 2.31B
  7. 2011-07-21
    ⚠️
    liquidation-in-administration-progress-report-with-brought-down-date
    insolvency · 2.24B
  8. 2011-02-15
    ⚠️
    liquidation-in-administration-statement-of-affairs-with-form-attached
    insolvency · 2.16B
  9. 2011-02-11
    ⚠️
    liquidation-in-administration-result-creditors-meeting
    insolvency · 2.23B
  10. 2011-01-27
    ⚠️
    liquidation-in-administration-statement-of-affairs-with-form-attached
    insolvency · 2.16B
  11. 2011-01-27
    ⚠️
    liquidation-in-administration-proposals
    insolvency · 2.17B
  12. 2011-01-12
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2011-01-12
    ✏️
    change-of-name-notice
    change-of-name · CONNOT
  14. 2011-01-04
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  15. 2010-12-30
    ⚠️
    liquidation-in-administration-appointment-of-administrator
    insolvency · 2.12B
  16. 2010-08-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2009-11-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2009-07-31
    📄
    legacy
    annual-return · 363a
  19. 2009-05-28
    📄
    legacy
    officers · 288c
  20. 2009-05-27
    📄
    legacy
    officers · 288c
  21. 2008-11-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  22. 2008-07-30
    📄
    legacy
    annual-return · 363a
  23. 2008-07-30
    📍
    legacy
    address · 287
  24. 2007-12-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2007-09-14
    📄
    legacy
    annual-return · 363a
  26. 2007-05-31
    BLANCHARD, Gillian resigned
    director
  27. 2005-08-01
    SHARDELOW, Joseph William appointed
    director
  28. 2005-08-01
    BLANCHARD, Gillian appointed
    director
  29. 2004-04-14
    CHAPMAN, Elaine Esther appointed
    secretary
  30. 2004-04-14
    CHAPMAN, Elaine Esther appointed
    director
  31. 2004-04-14
    CHAPMAN, Hugh Roderick Victor appointed
    director
  32. 2004-04-14
    MAXIM, Denise resigned
    secretary
  33. 2004-04-14
    MAXIM, Denise resigned
    director
  34. 2004-04-14
    MAXIM, John Albert resigned
    director
  35. 2004-04-14
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  36. 2004-04-14
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  37. 2004-03-26
    🔓
    Charge satisfied #1
  38. 1989-08-15
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  39. 1985-07-23
    🏢
    Company incorporated
    As BAJ REALISATIONS LIMITED

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 83 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 41 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2010-12-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-07-29

11 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2012-09-08: gazette-dissolved-liquidation; 2012-07-04: liquidation-in-administration-progress-report-with-brought-down-date

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

12 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
Incorporated1985-07-23
Jurisdictionengland-wales
Primary SIC2030 — SIC 2030

Registered office

Dakota House 25 Falcon Court
Preston Farm Business Park
Stockton-On-Tees
Cleveland
TS18 3TX

Filing status

Accounts
Next due: 2010-12-31OVERDUE
Last made up to: 2009-03-31
Confirmation statement
Next due: 2016-07-29OVERDUE
Last:

Officers (4 active · 4 resigned)

CHAPMAN, Elaine Esther
secretary · appointed 2004-04-14
View their other companies + combined net worth →
Active
CHAPMAN, Elaine Esther
director · ~51y · appointed 2004-04-14
View their other companies + combined net worth →
Active
CHAPMAN, Hugh Roderick Victor
director · ~83y · appointed 2004-04-14
View their other companies + combined net worth →
Active
SHARDELOW, Joseph William
director · ~75y · appointed 2005-08-01
View their other companies + combined net worth →
Active
MAXIM, Denise
secretary · resigned 2004-04-14
Resigned
BLANCHARD, Gillian
director · ~82y · appointed 2005-08-01 · resigned 2007-05-31
Resigned
MAXIM, Denise
director · ~79y · resigned 2004-04-14
Resigned
MAXIM, John Albert
director · ~81y · resigned 2004-04-14
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property14/04/2004
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property14/04/2004
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Mortgage1 property15/08/198926/03/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (92 total)

restoration-order-of-court
restoration · AC92
2025-05-28
gazette-dissolved-liquidation
gazette · GAZ2
2012-09-08
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2012-07-04
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2012-07-04
liquidation-in-administration-move-to-dissolution-with-case-end-date
insolvency · 2.35B
2012-06-08
liquidation-in-administration-extension-of-period
insolvency · 2.31B
2011-11-23
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2011-07-21
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · 2.16B
2011-02-15
liquidation-in-administration-result-creditors-meeting
insolvency · 2.23B
2011-02-11
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · 2.16B
2011-01-27
liquidation-in-administration-proposals
insolvency · 2.17B
2011-01-27
certificate-change-of-name-company
change-of-name · CERTNM
2011-01-12
change-of-name-notice
change-of-name · CONNOT
2011-01-12
change-registered-office-address-company-with-date-old-address
address · AD01
2011-01-04
liquidation-in-administration-appointment-of-administrator
insolvency · 2.12B
2010-12-30