BELLITAS LIMITED

🌳Matureactive

02336461 · ltd · incorporated 1989-01-18

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

—

year to Mar 2025

Net worth

£953.9k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 20130

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 82). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 6 lenders · oldest 37.3y

35/100

too messy

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

· Oldest live charge is 37.3 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

15 officers (6 active, 15 linked, 10 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

6 connected companies via shared directors

Filing history

162 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £953,892

Cash YoY

-3%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£418k

↓ 3.0% YoY

Net Worth

£954k

↑ 11% YoY

Current Assets

£1.2m

↑ 1.0% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£953.9k	£857.4k
Current assets	£1.18M	£1.17M
Cash	£417.6k	£430.6k
Debtors	£329.2k	£317.5k
Net assets	£953.9k	£857.4k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (52 events)Click to expand

2025-12-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
📄
memorandum-articles
incorporation · MA
2025-04-30
📄
memorandum-articles
incorporation · MA
2025-04-30
📄
resolution
resolution · RESOLUTIONS
2024-12-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-02
🔓
Charge satisfied #6
2024-12-02
🔓
Charge satisfied #5
2024-12-02
🔓
Charge satisfied #3
2024-12-02
🔓
Charge satisfied #1
2023-11-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-02
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-30
🔒
Charge registered #7
Lender: Hsbc Invoice Finance (UK) LTD
2023-09-19
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-19
🔓
Charge satisfied #2
2022-11-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-01
➕
ROGERS, Jeremy appointed
director
2014-10-20
➕
PETERS, Richard Eric appointed
director
2010-07-20
➕
LONG, George William appointed
director
2009-05-12
🔒
Charge registered #6
Lender: Hsbc Bank PLC
2006-06-07
➖
TURVEY, Penny Lynn resigned
director
2006-06-06
➖
DAVENPORT, Michael Paul resigned
secretary
2006-06-06
➖
DAVENPORT, Michael Paul resigned
director
2005-07-01
➕
DAUNCEY, Robert Oliver appointed
director
2005-07-01
➕
DAVENPORT, Michael Paul appointed
director
2005-05-09
➕
APPLEBY, Sharon Alexandra appointed
secretary
2004-11-12
🔓
Charge satisfied #4
2004-01-30
➖
ASTON, Cindy resigned
secretary
2004-01-30
➕
DAVENPORT, Michael Paul appointed
secretary
2001-08-01
➕
TURVEY, Penny Lynn appointed
director
2001-02-16
➖
APPLEBY, Stephen William resigned
director
2001-01-23
➖
APPLEBY, Sharon resigned
secretary
2001-01-23
➕
ASTON, Cindy appointed
secretary
2001-01-19
➕
APPLEBY, Sharon Alexandra appointed
director
1999-10-20
➖
APPLEBY, Richard Cecil resigned
secretary
1999-10-20
➕
APPLEBY, Sharon appointed
secretary
1999-10-20
➖
APPLEBY, Richard Cecil resigned
director
1998-12-07
🔒
Charge registered #5
Lender: Griffin Credit Services Limited
1996-06-03
🔒
Charge registered #4
Lender: Venture Factors PLC
1994-05-24
➖
WOODHEAD, Christopher John resigned
director
1994-05-20
➕
APPLEBY, Stephen William appointed
director
1992-07-22
🔒
Charge registered #3
Lender: Midland Bank PLC
1990-08-01
🔒
Charge registered #2
Lender: Richard Cecil Appleby

Showing most recent 50 of 52 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

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

90/100

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 82 years old. Natural succession window is now.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 37 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 ·

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Sharon Alexandra Appleby Individual · British · DOB 09/1970 · age 56	75–100%	—	75-100% shares	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 · Manufacturing · WS postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ARKRITE FENCING MANUFACTURERS LIMITED→ 01145068 · est 1973 · no financials extracted	—	—	—	—	52y	—	—
AWESOME STICKERS LIMITED→ 15507922 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
B J FENCING SUPPLIES LIMITED→ 13243877 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
BAKER BM LIMITED→ 09311024 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
BARNFATHER WIRE (MIDLANDS) LIMITED→ 06437348 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
BARNFATHER WIRE LIMITED→ 07030126 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
BARROWS BESPOKE BUILDS LTD→ 16074477 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BAV CRUSHERS LIMITED→ 06398833 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
BEACON DESIGN & ENGINEERING LIMITED→ 03550810 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
BEMMS LIMITED→ 07419487 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
BENGAL WELDING LIMITED→ 16108626 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BENHILL PRESS LIMITED(THE)→ 00491918 · est 1951 · no financials extracted	—	—	—	—	75y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1989-01-18

Jurisdictionengland-wales

Primary SIC20130 — SIC 20130

Registered office

Unit 12 Prospect Drive

Britannia Enterprise Park

Lichfield

WS14 9UX

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-01-30

Last: 2026-01-16