B & D STEEL SERVICES LIMITED

🌳Matureactive
02375598 · ltd · incorporated 1989-04-25
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 78). Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 36.3y

35/100
too messy

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

  • · Oldest live charge is 36.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — 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, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
125 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-12-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-10-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-09-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-08-29
    🔒
    Charge registered #5
    Lender: Sebden Steel Service Centres Limited
  5. 2023-12-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2023-01-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2022-12-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2022-03-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2022-03-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2022-03-30
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  11. 2022-03-30
    📄
    legacy
    capital · SH20
  12. 2022-03-30
    ⚠️
    legacy
    insolvency · CAP-SS
  13. 2022-03-30
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2021-12-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-02-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2019-12-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2018-12-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2017-12-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2017-12-16
    🔓
    Charge satisfied #2
  20. 2008-04-30
    SANDERS, Bradley John resigned
    secretary
  21. 2008-03-05
    HUNT, Jeremy C, Cllr resigned
    director
  22. 1996-10-26
    🔓
    Charge satisfied #4
  23. 1996-10-02
    🔓
    Charge satisfied #1
  24. 1995-05-25
    SANDERS, Bradley John appointed
    director
  25. 1995-05-25
    MACDONALD, John Malcolm Kenneth resigned
    director
  26. 1995-04-07
    🔒
    Charge registered #4
    Lender: Hambros Bank Limited
  27. 1995-03-31
    🔒
    Charge registered #3
    Lender: Griffin Factors Limited
  28. 1995-02-02
    BADDELEY, Robert Gregory resigned
    secretary
  29. 1995-02-02
    SANDERS, Bradley John appointed
    secretary
  30. 1995-02-02
    BADDELEY, Robert Gregory resigned
    director
  31. 1992-04-03
    🔒
    Charge registered #2
    Lender: Hambros Bank Limited
  32. 1990-03-27
    🔒
    Charge registered #1
    Lender: Hambros Bank Limited
  33. 1989-04-25
    🏢
    Company incorporated
    As B & D STEEL SERVICES LIMITED

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

96/100
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 78 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 31 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 high · 1 med ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2022-03-30: legacy

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

Sebden Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Sebden Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
B & D STEEL SERVICES LIMITED
This company · 02375598

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
Sebden Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control30/03/2022
1 historic (ceased) PSC
  • Sebden Steel Services Centres Ltdceased 30/03/2022· 75-100% shares · 75-100% voting

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

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
Incorporated1989-04-25
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company

Registered office

Craven House Craven Road
Broadheath
Altrincham
Cheshire
WA14 5HE

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31

Officers (2 active · 5 resigned)

HILL, Ronald Edward
director · ~78y
View their other companies + combined net worth →
Active
SANDERS, Bradley John
director · ~63y · appointed 1995-05-25
View their other companies + combined net worth →
Active
BADDELEY, Robert Gregory
secretary · resigned 1995-02-02
Resigned
SANDERS, Bradley John
secretary · appointed 1995-02-02 · resigned 2008-04-30
Resigned
BADDELEY, Robert Gregory
director · ~73y · resigned 1995-02-02
Resigned
HUNT, Jeremy C, Cllr
director · ~78y · resigned 2008-03-05
Resigned
MACDONALD, John Malcolm Kenneth
director · ~85y · resigned 1995-05-25
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Sebden Steel Service Centres
Sebden Steel Service Centres Limited
A registered charge29/08/2024
satisfied
Hambros Bank
Hambros Bank Limited
Composite guarantee and debenture1 property07/04/199526/10/1996
outstanding
Griffin Factors
Griffin Factors Limited
Fixed equitable charge1 property31/03/1995
satisfied
Hambros Bank
Hambros Bank Limited
Guarantee and debenture1 property03/04/199216/12/2017
satisfied
Hambros Bank
Hambros Bank Limited
Composite guarantee & debenture1 property27/03/199002/10/1996
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (125 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-05
accounts-with-accounts-type-dormant
accounts · AA
2024-10-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
accounts-with-accounts-type-dormant
accounts · AA
2023-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-01
accounts-with-accounts-type-small
accounts · AA
2023-01-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-03-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-30
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2022-03-30
legacy
capital · SH20
2022-03-30
legacy
insolvency · CAP-SS
2022-03-30