BAUR TEST EQUIPMENT LIMITED
- · Oldest live charge 28.0y old — refinance window within 12 months
Opportunity 75/100 (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 28.0y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 28.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 600 | 600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 officers
- • 1 confirmation-statement
- • 1 officers
Corporate timeline (35 events)Click to expand
- 2026-04-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-28➖HIEBELER, Gernot resigneddirector
- 2025-08-22📄accounts-with-accounts-type-smallaccounts · AA
- 2025-07-30➖TURVEY, Mark resigneddirector
- 2025-07-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-27📄change-corporate-director-companyofficers · CH02
- 2025-06-26📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-05-01➕DERRICK, Michael Brian appointeddirector
- 2024-08-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-08-28➖WEBB, Michael resigneddirector
- 2024-06-03📄capital-cancellation-sharescapital · SH06
- 2024-06-03📄capital-return-purchase-own-sharescapital · SH03
- 2024-03-12📄accounts-with-accounts-type-smallaccounts · AA
- 2024-03-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-03-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-07➕HIEBELER, Gernot appointeddirector
- 2024-03-07➖WALSER, Wolfgang resigneddirector
- 2023-03-20📄accounts-with-accounts-type-smallaccounts · AA
- 2022-03-28📄accounts-with-accounts-type-smallaccounts · AA
- 2021-08-02📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-07-26➕TURVEY, Mark appointeddirector
- 2021-06-27➖ANDERSON, Stephen James resigneddirector
- 2021-03-12➖WEBB, Michael resignedsecretary
- 2021-02-19➕WALSER, Wolfgang appointeddirector
- 2010-04-06➕BAUR GMBH appointedcorporate-director
- 2010-04-06➖BAUR, Martin resigneddirector
- 2010-04-06➕KUPPER, Gerd Alfred appointeddirector
- 2010-04-06➖KUPPER, Gerd Alfred resigneddirector
- 2003-07-15➕ANDERSON, Stephen James appointeddirector
- 1998-07-06🔒Charge registered #1Lender: Midland Bank PLC
- 1988-06-10🏢Company incorporatedAs BAUR TEST EQUIPMENT LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 16 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: HIEBELER, Gernot resigned 2026-03-28; TURVEY, Mark resigned 2025-07-30
Group structure
Baur Gmbh holds majority control (50-75%). Likely parent but not wholly-owned.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Baur Gmbh Corporate entity | 50–75% | — | 50-75% shares | 19/03/2021 |
1 historic (ceased) PSC
- Mr Michael Webbceased 29/04/2024· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (2 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Midland Bank Midland Bank PLC | Debenture | 1 property | 06/07/1998 | — |