BRIDMIN LIMITED

🌳Matureactive
02882255 · ltd · incorporated 1993-12-20
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
£1.76M
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
Investor take
Pursue
Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 82). Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

9 live charges · 7 lenders · oldest 31.8y

35/100
too messy

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

  • · Oldest live charge is 31.8 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — 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
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 8 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
120 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
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 £1,759,634
Cash YoY
+7246%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£76k
↑ 7246% YoY
Net Worth
£1.8m
↑ 7.5% YoY
Current Assets
£465k
↑ 13% YoY
Current Liabilities
—
£0£352k£704k£1.1m£1.4m£1.8mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£2.77M£2.54M
Current assets£465.3k£413.0k
Cash£76.0k£1.0k
Debtors£387.6k£410.1k
Net assets£1.76M£1.64M

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2025-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-06-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-06-09
    🔒
    Charge registered #9
    Lender: Handelsbanken PLC
  5. 2024-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-01-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-10-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-10-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2020-10-01
    🔒
    Charge registered #8
    Lender: Handelsbanken PLC
  13. 2019-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-10-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2018-09-26
    ➖
    WICKETT, Andrew Colin Craig resigned
    director
  17. 2017-08-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2016-12-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2013-08-27
    ➖
    BRIDGES, Michael Anthony resigned
    director
  20. 2013-06-27
    🔓
    Charge satisfied #5
  21. 2013-05-17
    🔒
    Charge registered #7
    Lender: Svenska Handelsbanken Ab (Publ)
  22. 2013-05-17
    🔒
    Charge registered #6
    Lender: Svenska Handelsbanken Ab (Publ)
  23. 2013-04-27
    🔓
    Charge satisfied #1
  24. 2013-04-11
    🔓
    Charge satisfied #4
  25. 2012-06-03
    ➖
    BRIDGES, Anthony Pearson resigned
    director
  26. 2010-07-01
    🔓
    Charge satisfied #2
  27. 2010-06-21
    🔒
    Charge registered #5
    Lender: Santander UK PLC
  28. 2010-05-14
    🔒
    Charge registered #4
    Lender: Ultimate Finance Limited
  29. 2009-09-02
    🔒
    Charge registered #3
    Lender: Ing Lease (UK) LTD
  30. 2009-01-01
    ➕
    BRIDGES, David Michael appointed
    director
  31. 2009-01-01
    ➕
    WICKETT, Andrew Colin Craig appointed
    director
  32. 2005-12-06
    ➖
    BRIDGES, George resigned
    director
  33. 2005-09-23
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  34. 2002-11-15
    ➖
    YATES, Martin Trevor resigned
    director
  35. 1995-05-15
    ➕
    YATES, Martin Trevor appointed
    director
  36. 1995-01-30
    ➖
    BRIDGES, John Gregory resigned
    director
  37. 1994-08-03
    🔒
    Charge registered #1
    Lender: General Guarantee Corporation Limited
  38. 1994-04-29
    ➕
    DAUNCEY, Robert Oliver appointed
    director
  39. 1993-12-21
    ➕
    BATES, Susan Mary appointed
    secretary
  40. 1993-12-21
    ➖
    RUTLAND SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  41. 1993-12-21
    ➕
    BRIDGES, Anthony Pearson appointed
    director
  42. 1993-12-21
    ➕
    BRIDGES, George appointed
    director
  43. 1993-12-21
    ➕
    BRIDGES, John Gregory appointed
    director
  44. 1993-12-21
    ➕
    BRIDGES, Michael Anthony appointed
    director
  45. 1993-12-21
    ➖
    RUTLAND DIRECTORS LIMITED resigned
    corporate-nominee-director
  46. 1993-12-20
    🏢
    Company incorporated
    As BRIDMIN LIMITED
  47. 1993-12-20
    ➕
    RUTLAND SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  48. 1993-12-20
    ➕
    RUTLAND DIRECTORS LIMITED appointed
    corporate-nominee-director

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 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 82 — 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 82 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 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 32 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 · 1 low
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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr David Michael Bridges
Individual · British · DOB 07/1974 · age 52
50–75%
50–75%50-75% shares · 50-75% voting01/07/2016

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 →

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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
Incorporated1993-12-20
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

Bridmin Tankers Kingsbury Road
Minworth
Sutton Coldfield
B76 9DD
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-03
Last: 2025-12-20

Officers (3 active · 8 resigned)

BATES, Susan Mary→
secretary · appointed 1993-12-21
View their other companies + combined net worth →
Active
BRIDGES, David Michael→
director · ~52y · appointed 2009-01-01
View their other companies + combined net worth →
Active
DAUNCEY, Robert Oliver→
director · ~82y · appointed 1994-04-29
View their other companies + combined net worth →
Active
RUTLAND SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1993-12-20 · resigned 1993-12-21
Resigned
BRIDGES, Anthony Pearson→
director · ~103y · appointed 1993-12-21 · resigned 2012-06-03
Resigned
BRIDGES, George→
director · ~91y · appointed 1993-12-21 · resigned 2005-12-06
Resigned
BRIDGES, John Gregory→
director · ~66y · appointed 1993-12-21 · resigned 1995-01-30
Resigned
BRIDGES, Michael Anthony→
director · ~79y · appointed 1993-12-21 · resigned 2013-08-27
Resigned
WICKETT, Andrew Colin Craig→
director · ~49y · appointed 2009-01-01 · resigned 2018-09-26
Resigned
YATES, Martin Trevor→
director · ~64y · appointed 1995-05-15 · resigned 2002-11-15
Resigned
RUTLAND DIRECTORS LIMITED→
corporate-nominee-director · appointed 1993-12-20 · resigned 1993-12-21
Resigned

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

Mortgages & charges

9
Total charges
5
Outstanding
3
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge—09/06/2025—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge—01/10/2020—
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge1 property17/05/2013—
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge1 property17/05/2013—
satisfied
Santander
Santander UK PLC
Debenture1 property21/06/201027/06/2013
satisfied
Ultimate Finance
Ultimate Finance Limited
Debenture1 property14/05/201011/04/2013
outstanding
Ing Lease (UK)
Ing Lease (UK) LTD
Long term licence to sub-let1 property02/09/2009—
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property23/09/200501/07/2010
satisfied
General Guarantee Corporation
General Guarantee Corporation Limited
Deed1 property03/08/199427/04/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (120 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-29