BRIGHTSEA LIMITED

🌳Matureactive
02642336 · ltd · incorporated 1991-09-02
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£185.9k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 18129
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 32/100. Strong seller-intent signal (70/100, director aged 63). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 24.1y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 24.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: medium (72/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
14 officers (3 active, 14 linked, 7 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
7 connected companies via shared directors
66
Filing history
133 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
50
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £185,910
Net assets shrinking
Down £10,780 YoY
Cash YoY
-8%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£79k
↓ 8.4% YoY
Net Worth
£186k
↓ 5.5% YoY
Current Assets
£525k
↓ 6.7% YoY
Current Liabilities
—
£0£113k£225k£338k£450k£563kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Total assets£228.4k£328.3k
Current assets£525.2k£563.0k
Cash£78.7k£85.9k
Debtors£426.5k£457.0k
Net assets£185.9k£196.7k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2026-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-02-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2022-08-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2022-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-04-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-01-08
    ➕
    WHITE, Ian appointed
    secretary
  12. 2019-01-08
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2018-11-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2018-11-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2018-10-30
    ➖
    BAKER, Stephen John resigned
    director
  16. 2018-09-30
    ➖
    COMMINS, Lorraine resigned
    secretary
  17. 2018-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2011-10-31
    ➖
    BAKER, Stephen John resigned
    secretary
  20. 2011-10-31
    ➕
    COMMINS, Lorraine appointed
    secretary
  21. 2010-06-11
    ➖
    FOSTER, John Alan resigned
    director
  22. 2010-02-26
    ➕
    COMMINS, Mark Harry appointed
    director
  23. 2010-02-26
    ➕
    WHITE, Ian Michael appointed
    director
  24. 2010-02-26
    ➖
    BAKER, Margeret Joan resigned
    director
  25. 2009-06-24
    ➖
    SMITH, John Robert resigned
    director
  26. 2008-10-22
    🔒
    Charge registered #4
    Lender: Lloyds Tsb Commercial Finance Limited
  27. 2008-06-17
    ➕
    SMITH, John Robert appointed
    director
  28. 2005-10-28
    🔒
    Charge registered #3
    Lender: Aclind Limited
  29. 2005-04-13
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Bank PLC
  30. 2003-04-22
    ➕
    BAKER, Margeret Joan appointed
    director
  31. 2002-06-19
    ➕
    BAKER, Stephen John appointed
    secretary
  32. 2002-05-28
    🔒
    Charge registered #1
    Lender: Aclind Limited
  33. 2002-05-21
    ➕
    BAKER, Stephen John appointed
    director
  34. 2002-04-26
    ➖
    BAKER, John Sidney resigned
    secretary
  35. 2002-04-26
    ➖
    BAKER, John Sidney resigned
    director
  36. 1999-08-01
    ➕
    BAKER, John Sidney appointed
    secretary
  37. 1999-08-01
    ➖
    NEAL, John Robert resigned
    secretary
  38. 1991-12-03
    ➕
    NEAL, John Robert appointed
    secretary
  39. 1991-09-02
    🏢
    Company incorporated
    As BRIGHTSEA LIMITED
  40. 1991-09-02
    ➖
    BRISTOL LEGAL SERVICES LIMITED resigned
    corporate-nominee-secretary
  41. 1991-09-02
    ➕
    BAKER, John Sidney appointed
    director
  42. 1991-09-02
    ➕
    FOSTER, John Alan appointed
    director
  43. 1991-09-02
    ➖
    BOURSE SECURITIES LIMITED resigned
    corporate-nominee-director
  44. 1981-09-02
    ➕
    BRISTOL LEGAL SERVICES LIMITED appointed
    corporate-nominee-secretary
  45. 1981-09-02
    ➕
    BOURSE SECURITIES LIMITED appointed
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 35 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 ·
Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

🔒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
Incorporated1991-09-02
Jurisdictionengland-wales
Primary SIC18129 — SIC 18129

Registered office

50 Cowick Street
Exeter
EX4 1AP

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-11-13
Last: 2025-10-30

Officers (3 active · 11 resigned)

WHITE, Ian→
secretary · appointed 2019-01-08
View their other companies + combined net worth →
Active
COMMINS, Mark Harry→
director · ~62y · appointed 2010-02-26
View their other companies + combined net worth →
Active
WHITE, Ian Michael→
director · ~63y · appointed 2010-02-26
View their other companies + combined net worth →
Active
BAKER, John Sidney→
secretary · appointed 1999-08-01 · resigned 2002-04-26
Resigned
BAKER, Stephen John→
secretary · appointed 2002-06-19 · resigned 2011-10-31
Resigned
COMMINS, Lorraine→
secretary · appointed 2011-10-31 · resigned 2018-09-30
Resigned
NEAL, John Robert→
secretary · appointed 1991-12-03 · resigned 1999-08-01
Resigned
BRISTOL LEGAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 1981-09-02 · resigned 1991-09-02
Resigned
BAKER, John Sidney→
director · ~87y · appointed 1991-09-02 · resigned 2002-04-26
Resigned
BAKER, Margeret Joan→
director · ~88y · appointed 2003-04-22 · resigned 2010-02-26
Resigned
BAKER, Stephen John→
director · ~66y · appointed 2002-05-21 · resigned 2018-10-30
Resigned
FOSTER, John Alan→
director · ~72y · appointed 1991-09-02 · resigned 2010-06-11
Resigned
SMITH, John Robert→
director · ~72y · appointed 2008-06-17 · resigned 2009-06-24
Resigned
BOURSE SECURITIES LIMITED→
corporate-nominee-director · appointed 1981-09-02 · resigned 1991-09-02
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
All assets debenture1 property22/10/2008—
outstanding
Aclind
Aclind Limited
Rent deposit deed1 property28/10/2005—
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property13/04/2005—
outstanding
Aclind
Aclind Limited
Rent deposit deed1 property28/05/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (133 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-26
change-person-director-company-with-change-date
officers · CH01
2023-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-01
change-person-director-company-with-change-date
officers · CH01
2022-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-16