BANDCRAY LIMITED

💤Zombieactive
02106025 · ltd · incorporated 1987-03-04
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£43.8k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Retail sale of computers, peripheral units and software in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 31.6y

45/100
under pressure

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

  • · Oldest live charge is 31.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (70/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
121 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
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 £43,845

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£44k
Current Assets
£55k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-31
Total assets£46.5k
Current assets£55.1k
Net assets£43.8k

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 (30 events)Click to expand
  1. 2025-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-11-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-10-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-05-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-07-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-06-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2019-06-20
    ➖
    TODD, Anne Marie resigned
    secretary
  12. 2018-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-11-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2003-08-12
    ➕
    TODD, Anne Marie appointed
    secretary
  17. 2003-08-12
    ➖
    TODD, Michael James resigned
    secretary
  18. 2003-08-12
    ➖
    TODD, Ann Patricia resigned
    director
  19. 1998-06-30
    ➖
    LINDSAY, George Mason resigned
    director
  20. 1998-06-30
    ➕
    TODD, Ann Patricia appointed
    director
  21. 1998-03-25
    ➖
    TODD, Brian resigned
    director
  22. 1997-09-11
    ➕
    TODD, Michael James appointed
    director
  23. 1997-09-11
    ➖
    LINDSAY, George Mason resigned
    secretary
  24. 1997-09-11
    ➕
    TODD, Michael James appointed
    secretary
  25. 1997-09-11
    ➖
    LINDSAY, Joan resigned
    director
  26. 1997-09-11
    ➖
    LINSAY, Janina Elizabeth resigned
    director
  27. 1997-09-11
    ➕
    TODD, Brian appointed
    director
  28. 1996-04-01
    ➕
    LINSAY, Janina Elizabeth appointed
    director
  29. 1994-12-08
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  30. 1987-03-04
    🏢
    Company incorporated
    As BANDCRAY LIMITED

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael James Todd
Individual · British · DOB 01/1978 · age 48
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1987-03-04
Jurisdictionengland-wales
Primary SIC47410 — Retail sale of computers, peripheral units and software in specialised stores

Registered office

Southfield
Romneyroad
Kendal
LA9 5QR
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-06-16
Last: 2026-06-02

Officers (1 active · 8 resigned)

TODD, Michael James→
director · ~48y · appointed 1997-09-11
View their other companies + combined net worth →
Active
LINDSAY, George Mason→
secretary · resigned 1997-09-11
Resigned
TODD, Anne Marie→
secretary · appointed 2003-08-12 · resigned 2019-06-20
Resigned
TODD, Michael James→
secretary · appointed 1997-09-11 · resigned 2003-08-12
Resigned
LINDSAY, George Mason→
director · ~89y · resigned 1998-06-30
Resigned
LINDSAY, Joan→
director · ~85y · resigned 1997-09-11
Resigned
LINSAY, Janina Elizabeth→
director · ~54y · appointed 1996-04-01 · resigned 1997-09-11
Resigned
TODD, Ann Patricia→
director · ~80y · appointed 1998-06-30 · resigned 2003-08-12
Resigned
TODD, Brian→
director · ~86y · appointed 1997-09-11 · resigned 1998-03-25
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Debenture1 property08/12/1994—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (121 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-30