BRITISH FLY REELS LIMITED

💤Zombieactive
02803341 · ltd · incorporated 1993-03-25
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
—
not disclosed
Net worth
—
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: SIC 5263
Sector: Transportation & storage
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 55/100. Strong seller-intent signal (78/100, director aged 96). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

Data confidence

Overall: low (44/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
16 officers (2 active, 16 linked, 10 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
3 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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 (34 events)Click to expand
  1. 2016-06-07
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2005-10-25
    ➕
    VACCARO, Linda Louise appointed
    secretary
  3. 2005-10-25
    ➖
    HARVEY, Angela Lynette resigned
    secretary
  4. 2005-10-25
    ➖
    PERKINS, David Durand resigned
    director
  5. 2005-10-25
    ➖
    PERKINS, Leigh Haskell resigned
    director
  6. 2005-10-25
    ➖
    PERKINS[JNR], Leigh Haskell resigned
    director
  7. 2005-06-13
    ➖
    BROADSTOCK, Stephen resigned
    director
  8. 2003-03-11
    ➕
    HARVEY, Angela Lynette appointed
    secretary
  9. 2003-03-07
    ➖
    FIDDY, Michael Anthony resigned
    secretary
  10. 2002-11-07
    ➖
    VACCARO, Thomas Salvatore resigned
    director
  11. 2002-05-03
    ➖
    GALL, John Shearer resigned
    director
  12. 2001-08-01
    ➕
    FIDDY, Michael Anthony appointed
    secretary
  13. 2001-07-31
    ➖
    RADCLIFFE, Peter Hirst resigned
    secretary
  14. 2001-04-17
    ➕
    BROADSTOCK, Stephen appointed
    director
  15. 2001-01-03
    ➕
    RADCLIFFE, Peter Hirst appointed
    secretary
  16. 2001-01-03
    ➖
    WELHAM, Barrie resigned
    secretary
  17. 2001-01-03
    ➖
    WELHAM, Barrie resigned
    director
  18. 1995-01-01
    📄
    selection-of-documents-registered-before-January-1995
    historical · PRE95
  19. 1995-01-01
    📄
    selection-of-mortgage-documents-registered-before-January-1995
    historical · PRE95M
  20. 1993-07-15
    ➕
    DUFFELEN, Keith Alphonse appointed
    director
  21. 1993-07-15
    ➕
    WELHAM, Barrie appointed
    secretary
  22. 1993-07-15
    ➖
    TRUSEC LIMITED resigned
    corporate-nominee-secretary
  23. 1993-07-15
    ➖
    CHANDLER, Christine Anne resigned
    nominee-director
  24. 1993-07-15
    ➕
    GALL, John Shearer appointed
    director
  25. 1993-07-15
    ➕
    PERKINS, David Durand appointed
    director
  26. 1993-07-15
    ➕
    PERKINS, Leigh Haskell appointed
    director
  27. 1993-07-15
    ➕
    PERKINS[JNR], Leigh Haskell appointed
    director
  28. 1993-07-15
    ➖
    REEVE, Robert Arthur resigned
    nominee-director
  29. 1993-07-15
    ➕
    VACCARO, Thomas Salvatore appointed
    director
  30. 1993-07-15
    ➕
    WELHAM, Barrie appointed
    director
  31. 1993-03-25
    🏢
    Company incorporated
    As BRITISH FLY REELS LIMITED
  32. 1993-03-25
    ➕
    TRUSEC LIMITED appointed
    corporate-nominee-secretary
  33. 1993-03-25
    ➕
    CHANDLER, Christine Anne appointed
    nominee-director
  34. 1993-03-25
    ➕
    REEVE, Robert Arthur appointed
    nominee-director

Owner dependency

100/100
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 33 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 96 — succession pressure is live.

Succession & seller-readiness

100/100
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 96 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2007-07-30

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated1993-03-25
Jurisdictionengland-wales
Primary SIC5263 — SIC 5263

Registered office

Vermont House
Unit 30a North Way
Andover
Hampshire
SP10 5RW

Filing status

Accounts
Next due: 2007-07-30OVERDUE
Last made up to: 2005-09-30
Confirmation statement
Next due: —
Last: —

Officers (2 active · 14 resigned)

VACCARO, Linda Louise→
secretary · appointed 2005-10-25
View their other companies + combined net worth →
Active
DUFFELEN, Keith Alphonse→
director · ~96y · appointed 1993-07-15
View their other companies + combined net worth →
Active
FIDDY, Michael Anthony→
secretary · appointed 2001-08-01 · resigned 2003-03-07
Resigned
HARVEY, Angela Lynette→
secretary · appointed 2003-03-11 · resigned 2005-10-25
Resigned
RADCLIFFE, Peter Hirst→
secretary · appointed 2001-01-03 · resigned 2001-07-31
Resigned
WELHAM, Barrie→
secretary · appointed 1993-07-15 · resigned 2001-01-03
Resigned
TRUSEC LIMITED→
corporate-nominee-secretary · appointed 1993-03-25 · resigned 1993-07-15
Resigned
BROADSTOCK, Stephen→
director · ~75y · appointed 2001-04-17 · resigned 2005-06-13
Resigned
CHANDLER, Christine Anne→
nominee-director · ~71y · appointed 1993-03-25 · resigned 1993-07-15
Resigned
GALL, John Shearer→
director · ~70y · appointed 1993-07-15 · resigned 2002-05-03
Resigned
PERKINS, David Durand→
director · ~70y · appointed 1993-07-15 · resigned 2005-10-25
Resigned
PERKINS, Leigh Haskell→
director · ~99y · appointed 1993-07-15 · resigned 2005-10-25
Resigned
PERKINS[JNR], Leigh Haskell→
director · ~73y · appointed 1993-07-15 · resigned 2005-10-25
Resigned
REEVE, Robert Arthur→
nominee-director · ~95y · appointed 1993-03-25 · resigned 1993-07-15
Resigned
VACCARO, Thomas Salvatore→
director · ~87y · appointed 1993-07-15 · resigned 2002-11-07
Resigned
WELHAM, Barrie→
director · ~96y · appointed 1993-07-15 · resigned 2001-01-03
Resigned

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

Recent filings (3 total)

restoration-order-of-court
restoration · AC92
2016-06-07
selection-of-documents-registered-before-January-1995
historical · PRE95
1995-01-01
selection-of-mortgage-documents-registered-before-January-1995
historical · PRE95M
1995-01-01