BITTERN MANAGEMENT COMPANY LIMITED

💤Zombieactive
02446407 · ltd · incorporated 1989-11-24
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to May 2025
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
99 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2025-11-30
    LUCAS, John Henry resigned
    director
  5. 2025-11-30
    MURRIN, Graham Douglas resigned
    director
  6. 2025-08-07
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  7. 2025-01-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-01-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2024-12-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2023-12-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2022-12-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2021-12-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-05-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2020-06-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-04-03
    CANN, Nigel Albert resigned
    director
  17. 2019-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2018-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2018-02-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2013-06-01
    WHITTY, Jacqueline appointed
    secretary
  21. 2013-06-01
    LUCAS, John Henry resigned
    secretary
  22. 2009-12-07
    LUCAS, John Henry appointed
    secretary
  23. 2009-12-07
    YANDLE, Catherine Mary resigned
    secretary
  24. 2008-01-01
    YANDLE, Catherine Mary appointed
    secretary
  25. 2007-12-31
    LUCAS, John Henry resigned
    secretary
  26. 2006-12-05
    MURRIN, Martin appointed
    director
  27. 1989-11-24
    🏢
    Company incorporated
    As BITTERN MANAGEMENT COMPANY LIMITED

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 20 years.
  • 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 ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: LUCAS, John Henry resigned 2025-11-30; MURRIN, Graham Douglas resigned 2025-11-30

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Martin Murrin
Individual · British · DOB 11/1969 · age 57
sig. influencesignificant influence07/01/2025
2 historic (ceased) PSCs
  • Mr Graham Douglas Murrinceased 07/01/2025· significant influence
  • Mr Nigel Albert Cannceased 03/04/2020· significant influence

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
Incorporated1989-11-24
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

Clyst Court Clyst Court
Hill Barton Business Park, Clyst St. Mary
Exeter
EX5 1SA
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-12-15
Last: 2025-12-01

Officers (2 active · 6 resigned)

WHITTY, Jacqueline
secretary · appointed 2013-06-01
View their other companies + combined net worth →
Active
MURRIN, Martin
director · ~57y · appointed 2006-12-05
View their other companies + combined net worth →
Active
LUCAS, John Henry
secretary · appointed 2009-12-07 · resigned 2013-06-01
Resigned
LUCAS, John Henry
secretary · resigned 2007-12-31
Resigned
YANDLE, Catherine Mary
secretary · appointed 2008-01-01 · resigned 2009-12-07
Resigned
CANN, Nigel Albert
director · ~81y · resigned 2020-04-03
Resigned
LUCAS, John Henry
director · ~84y · resigned 2025-11-30
Resigned
MURRIN, Graham Douglas
director · ~85y · resigned 2025-11-30
Resigned

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

Recent filings (99 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-11
termination-director-company-with-name-termination-date
officers · TM01
2025-12-11
termination-director-company-with-name-termination-date
officers · TM01
2025-12-11
accounts-with-accounts-type-dormant
accounts · AA
2025-12-09
change-person-secretary-company-with-change-date
officers · CH03
2025-08-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-12
accounts-with-accounts-type-dormant
accounts · AA
2024-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-14
accounts-with-accounts-type-dormant
accounts · AA
2023-12-13
accounts-with-accounts-type-dormant
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
accounts-with-accounts-type-dormant
accounts · AA
2021-12-10