BAY PLASTICS LIMITED

🌳Matureactive
02325035 · ltd · incorporated 1988-12-05
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 22210
Sector: Manufacturing
ALSO REGISTERED FOR
  • 22230Manufacture of builders' ware of plastic
  • 22290SIC 22290
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (73/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 7 lenders · oldest 36.7y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 36.7 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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

Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 8 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
145 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (56 events)Click to expand
  1. 2025-10-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-27
    WOOF, William Sones appointed
    director
  3. 2024-11-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2024-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-01-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-01-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-12-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-05-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-05-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2023-05-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-04-28
    TREVALLION, Maud appointed
    director
  12. 2023-04-28
    HOWARD, Robin Michael resigned
    secretary
  13. 2023-04-28
    HOWARD, Robin Michael resigned
    director
  14. 2023-02-27
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  15. 2023-02-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2023-01-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2023-01-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2023-01-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2023-01-03
    🔓
    Charge satisfied #8
  20. 2023-01-03
    🔓
    Charge satisfied #6
  21. 2023-01-03
    🔓
    Charge satisfied #5
  22. 2022-11-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  23. 2022-11-14
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  24. 2022-11-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2022-11-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2022-11-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2022-11-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  28. 2022-11-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  29. 2022-11-01
    WIGHTON, Andrew Gordon appointed
    director
  30. 2022-11-01
    HOWARD, Robin Michael appointed
    secretary
  31. 2022-11-01
    HOWARD, Robin Michael appointed
    director
  32. 2022-10-31
    CURRELL, Michael resigned
    secretary
  33. 2022-10-31
    CURRELL, Michael resigned
    director
  34. 2022-02-09
    🔓
    Charge satisfied #7
  35. 2022-02-09
    🔓
    Charge satisfied #4
  36. 2022-02-09
    🔓
    Charge satisfied #3
  37. 2022-02-08
    🔓
    Charge satisfied #1
  38. 2016-02-18
    🔒
    Charge registered #8
    Lender: Hsbc Bank PLC
  39. 2016-01-28
    CURRELL, Michael appointed
    secretary
  40. 2016-01-28
    MCIVER, Deborah Teresa resigned
    secretary
  41. 2016-01-28
    MCIVER, Deborah Teresa resigned
    director
  42. 2013-09-30
    🔒
    Charge registered #7
    Lender: Hsbc Equipment Finance (UK) Limited
  43. 2011-10-04
    🔒
    Charge registered #6
    Lender: Hsbc Bank PLC
  44. 2008-04-30
    🔓
    Charge satisfied #2
  45. 2004-12-01
    MCIVER, Deborah Teresa appointed
    director
  46. 2003-01-08
    🔒
    Charge registered #5
    Lender: Hsbc Invoice Fiance (UK) LTD
  47. 2001-09-30
    ALLSOP, Gary Edward William resigned
    director
  48. 2001-03-14
    🔒
    Charge registered #4
    Lender: Hsbc Asset Finance (UK) Limited and Hsbc Equipment Finance (UK) Limited
  49. 2000-11-10
    🔒
    Charge registered #3
    Lender: Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited
  50. 1996-05-01
    ALLSOP, Gary Edward William appointed
    director
Showing most recent 50 of 56 events

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Vink Uk Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Vink Uk Ltd
Corporate parent · holds 75-100% shares
ultimate parent
BAY PLASTICS LIMITED
This company · 02325035

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%
NameSharesVoting rightsNature of controlNotified
Vink Uk Ltd
Corporate entity
75100%
75-100% shares31/10/2022
1 historic (ceased) PSC
  • Michael Currellceased 31/10/2022· 75-100% shares · 75-100% voting · board control

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 →

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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
Incorporated1988-12-05
Jurisdictionengland-wales
Primary SIC22210 — SIC 22210

Registered office

Melita House
124 Bridge Road
Chertsey
Surrey
KT16 8LA
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-28
Last: 2026-02-14

Officers (3 active · 9 resigned)

TREVALLION, Maud
director · ~42y · appointed 2023-04-28
View their other companies + combined net worth →
Active
WIGHTON, Andrew Gordon
director · ~54y · appointed 2022-11-01
View their other companies + combined net worth →
Active
WOOF, William Sones
director · ~75y · appointed 2024-11-27
View their other companies + combined net worth →
Active
CURRELL, Michael
secretary · appointed 2016-01-28 · resigned 2022-10-31
Resigned
CURRELL, Michael
secretary · resigned 1991-05-01
Resigned
HOWARD, Robin Michael
secretary · appointed 2022-11-01 · resigned 2023-04-28
Resigned
MCIVER, Deborah Teresa
secretary · appointed 1991-05-01 · resigned 2016-01-28
Resigned
ALLSOP, Gary Edward William
director · ~72y · appointed 1996-05-01 · resigned 2001-09-30
Resigned
ALLSOP, Gary
director · ~72y · resigned 1991-05-01
Resigned
CURRELL, Michael
director · ~64y · resigned 2022-10-31
Resigned
HOWARD, Robin Michael
director · ~65y · appointed 2022-11-01 · resigned 2023-04-28
Resigned
MCIVER, Deborah Teresa
director · ~60y · appointed 2004-12-01 · resigned 2016-01-28
Resigned

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

Mortgages & charges

8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property18/02/201603/01/2023
satisfied
HSBC
Hsbc Equipment Finance (UK) Limited / Hsbc Asset Finance (UK) Limited
A registered charge1 property30/09/201309/02/2022
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property04/10/201103/01/2023
satisfied
HSBC
Hsbc Invoice Fiance (UK) LTD
Fixed charge on purchased debts which fail to vest1 property08/01/200303/01/2023
satisfied
HSBC
Hsbc Asset Finance (UK) Limited and Hsbc Equipment Finance (UK) Limited
Chattels mortgage1 property14/03/200109/02/2022
satisfied
HSBC
Hsbc Asset Finance (UK) Limited & Hsbc Equipment Finance (UK) Limited
Chattels mortgage1 property10/11/200009/02/2022
satisfied
Alex Lawrie Receivables Financing
Alex Lawrie Receivables Financing Limited
First fixed charge1 property15/04/199230/04/2008
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property03/10/198908/02/2022

Recent filings (145 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-14
appoint-person-director-company-with-name-date
officers · AP01
2024-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-09
change-person-director-company-with-change-date
officers · CH01
2023-12-08
termination-director-company-with-name-termination-date
officers · TM01
2023-05-12
termination-secretary-company-with-name-termination-date
officers · TM02
2023-05-12
appoint-person-director-company-with-name-date
officers · AP01
2023-05-12
change-account-reference-date-company-current-extended
accounts · AA01
2023-02-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-27
accounts-with-accounts-type-full
accounts · AA
2023-02-13