BA2 LTD
🌳Matureactive
02244720 · ltd · incorporated 1988-04-15
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 73-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 73). Biggest value-creation lever: Consolidate lender relationships. 12 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
22 live charges · 12 lenders · oldest 33.9y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 33.9 years old — likely at or near maturity.
- · 12 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: high (80/100)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
22 charges (22/22 with lender, 22/22 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
146 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 2 | 200 |
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 mortgage
Last 90 days
2
filings
- • 1 mortgage
- • 1 confirmation-statement
Last 180 days
3
filings
- • 1 mortgage
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (56 events)Click to expand
- 2026-06-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-06-15🔒Charge registered #22Lender: Paragon Bank PLC
- 2026-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-12-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-14🔒Charge registered #21Lender: Paragon Bank PLC
- 2022-12-14🔓Charge satisfied #4
- 2022-03-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-07📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-03-04➕ANDERSON, Lorna Jayne appointedsecretary
- 2021-03-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-09-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-09-09🔒Charge registered #20Lender: Nottingham Building Society
- 2020-09-09🔒Charge registered #19Lender: Nottingham Building Society
- 2020-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-07-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-07-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-07-10🔓Charge satisfied #10
- 2018-07-10🔓Charge satisfied #9
- 2018-07-06🔒Charge registered #18Lender: Belmont Green Finance LTD Trading as Vida Homeloans
- 2018-07-06🔒Charge registered #17Lender: Bath Investment and Building Society
- 2018-01-24🔒Charge registered #16Lender: Onesavings Bank PLC
- 2018-01-24🔒Charge registered #15Lender: Onesavings Bank PLC
- 2017-09-26🔓Charge satisfied #8
- 2017-09-26🔓Charge satisfied #6
- 2017-09-26🔓Charge satisfied #7
- 2017-09-12🔒Charge registered #14Lender: Bath Investment and Building Society
- 2017-09-12🔒Charge registered #13Lender: Bath Investment and Building Society
- 2017-09-12🔒Charge registered #12Lender: Bath Investment and Building Society
- 2009-07-17🔒Charge registered #11Lender: Bath Investment and Building Society
- 2009-03-03🔒Charge registered #10Lender: Lloyds Tsb Bank PLC
- 2008-09-02➖MCCARTNEY, Jean resignedsecretary
- 2008-09-01➕ANDERSON, Timothy Marcus appointedsecretary
- 2008-08-29🔓Charge satisfied #3
- 2008-08-29🔓Charge satisfied #2
- 2008-08-29🔓Charge satisfied #1
- 2008-02-14🔒Charge registered #9Lender: Monmouthshire Building Society
- 2008-02-12➕ANDERSON, Timothy Marcus appointeddirector
- 2008-01-03🔒Charge registered #8Lender: Monmouthshire Building Society
- 2007-12-12🔒Charge registered #6Lender: Mortgage Trust Limited
- 2007-12-05🔒Charge registered #7Lender: Mortgage Trust Limited
- 2007-08-17🔒Charge registered #5Lender: Bath Building Society
- 2007-05-30🔒Charge registered #4Lender: Paragon Mortgages Limited
- 2002-12-17➖OTTIGNON, John Drew resigneddirector
Showing most recent 50 of 56 events
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
89/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 38 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
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
13 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Timothy Anderson Individual · British · DOB 05/1967 · age 59 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 · Property · BA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ARCHIT COMMERCIAL INVESTMENTS LTD→ 12961415 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ARLINGTON HOUSE BATH LIMITED→ 14227588 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AVALON MOTOR SERVICES LIMITED→ 02297309 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| BAGHERIAN & SMITH INVESTMENT PROPERTIES LTD→ 15833045 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BAKER PROPERTY RENTALS LIMITED→ 14069559 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BALTONSBOROUGH PROPERTIES LIMITED→ 07777202 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| BANWELL HOLDINGS LIMITED→ 16413314 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BANWELL HOUSE PROPERTY LIMITED→ 11361812 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BARDEL COURT LIMITED→ 10452344 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| BARDS CONSULTANCY LIMITED→ 10424472 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| BARNABY CRESCENT LIMITED→ 15942058 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BARNES AND KING LIMITED→ 16612695 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1988-04-15
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
37 Great Pulteney Street
Bath
BA2 4DA
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-05-24
Last: 2026-05-10
Officers (4 active · 3 resigned)
ANDERSON, Lorna Jayne→
Activesecretary · appointed 2022-03-04
View their other companies + combined net worth →
ANDERSON, Timothy Marcus→
Activesecretary · appointed 2008-09-01
View their other companies + combined net worth →
ANDERSON, Timothy Marcus→
Activedirector · ~59y · appointed 2008-02-12
View their other companies + combined net worth →
Active
MCCARTNEY, Jean→
Resignedsecretary · appointed 2002-09-09 · resigned 2008-09-02
OTTIGNON, Julian Mark→
Resignedsecretary · resigned 2002-09-09
OTTIGNON, John Drew→
Resigneddirector · ~78y · resigned 2002-12-17
Click a director name to see their full track record across all companies.
Mortgages & charges
22
Total charges
13
Outstanding
6
Active lenders
Status:Lender:22 of 22 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 15/06/2026 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 14/12/2022 | — | |
| outstanding | Nottingham Building Society | A registered charge | 1 property | 09/09/2020 | — | |
| outstanding | Nottingham Building Society | A registered charge | 1 property | 09/09/2020 | — | |
| outstanding | Belmont Green Finance Trading as Vida Homeloans Belmont Green Finance LTD Trading as Vida Homeloans | A registered charge | 1 property | 06/07/2018 | — | |
| outstanding | Bath Investment and Building Society | A registered charge | 1 property | 06/07/2018 | — | |
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 24/01/2018 | — | |
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 24/01/2018 | — | |
| outstanding | Bath Investment and Building Society | A registered charge | 1 property | 12/09/2017 | — | |
| outstanding | Bath Investment and Building Society | A registered charge | 1 property | 12/09/2017 | — | |
| outstanding | Bath Investment and Building Society | A registered charge | 1 property | 12/09/2017 | — | |
| outstanding | Bath Investment and Building Society | Mortgage | 1 property | 17/07/2009 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 03/03/2009 | 10/07/2018 | |
| satisfied | Monmouthshire Building Society | Mortgage | 1 property | 14/02/2008 | 10/07/2018 | |
| satisfied | Monmouthshire Building Society | Mortgage | 1 property | 03/01/2008 | 26/09/2017 | |
| satisfied | Mortgage Trust Mortgage Trust Limited | Legal charge | 1 property | 12/12/2007 | 26/09/2017 | |
| satisfied | Mortgage Trust Mortgage Trust Limited | Legal charge | 1 property | 05/12/2007 | 26/09/2017 | |
| outstanding | Bath Building Society | Legal charge | 1 property | 17/08/2007 | — | |
| satisfied | Paragon Paragon Mortgages Limited | Legal charge | 1 property | 30/05/2007 | 14/12/2022 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture deed | 1 property | 10/04/2002 | 29/08/2008 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Mortgage | 1 property | 14/08/1992 | 29/08/2008 | |
| satisfied | W J Holloway & Sons W J Holloway & Sons Limited | Legal charge | 1 property | 14/08/1992 | 29/08/2008 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (146 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-27
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-23
appoint-person-secretary-company-with-name-date
officers · AP03
2022-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-14