40/46 THE SIDE NEWCASTLE LIMITED

💤Zombieactive
03291326 · ltd · incorporated 1996-12-12
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 Mar 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (38/100).

🏦

Refinance opportunity

10 live charges · 4 lenders · oldest 27.3y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 27.3 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
99 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
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Average employees00

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2026-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2022-07-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-07-01
    🔒
    Charge registered #10
    Lender: Allica Bank Limited
  8. 2022-07-01
    🔒
    Charge registered #9
    Lender: Allica Bank Limited
  9. 2022-05-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2022-05-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2022-05-26
    🔓
    Charge satisfied #8
  12. 2022-05-26
    🔓
    Charge satisfied #7
  13. 2022-05-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-05-17
    🔓
    Charge satisfied #5
  15. 2021-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-10-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2017-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-01-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2016-03-08
    🔒
    Charge registered #8
    Lender: National Westminster Bank PLC
  23. 2013-09-17
    ➖
    BERNARDELLI, Laura resigned
    director
  24. 2010-09-07
    ➖
    BERNARDELLI, Luigi resigned
    secretary
  25. 2010-09-07
    ➖
    BERNARDELLI, Freda resigned
    director
  26. 2010-09-07
    ➖
    BERNARDELLI, Luigi resigned
    director
  27. 2010-01-30
    🔓
    Charge satisfied #1
  28. 2008-10-27
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  29. 2007-09-12
    🔓
    Charge satisfied #3
  30. 2007-09-12
    🔓
    Charge satisfied #2
  31. 2007-08-09
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  32. 2007-07-12
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  33. 2003-11-28
    🔒
    Charge registered #4
    Lender: Network Rail Infrastructure Limited
  34. 2003-11-28
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  35. 2003-11-28
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  36. 2003-03-31
    ➕
    BERNARDELLI, Freda appointed
    director
  37. 2003-03-31
    ➕
    BERNARDELLI, Laura appointed
    director
  38. 1999-02-22
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  39. 1996-12-12
    🏢
    Company incorporated
    As 40/46 THE SIDE NEWCASTLE LIMITED
  40. 1996-12-12
    ➕
    BERNARDELLI, Paul Luigi appointed
    director
  41. 1996-12-12
    ➕
    BERNARDELLI, Luigi appointed
    secretary
  42. 1996-12-12
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  43. 1996-12-12
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  44. 1996-12-12
    ➕
    BERNARDELLI, Luigi appointed
    director

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 29 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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 ·
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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Paul Luigi Bernardelli
Individual · British · DOB 02/1975 · age 51
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1996-12-12
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants

Registered office

Unit 14 Witney Way
Boldon Business Park
Boldon Colliery
NE35 9PE
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-26
Last: 2025-12-12

Officers (1 active · 5 resigned)

BERNARDELLI, Paul Luigi→
director · ~51y · appointed 1996-12-12
View their other companies + combined net worth →
Active
BERNARDELLI, Luigi→
secretary · appointed 1996-12-12 · resigned 2010-09-07
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1996-12-12 · resigned 1996-12-12
Resigned
BERNARDELLI, Freda→
director · ~83y · appointed 2003-03-31 · resigned 2010-09-07
Resigned
BERNARDELLI, Laura→
director · ~48y · appointed 2003-03-31 · resigned 2013-09-17
Resigned
BERNARDELLI, Luigi→
director · ~96y · appointed 1996-12-12 · resigned 2010-09-07
Resigned

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

Mortgages & charges

10
Total charges
4
Outstanding
3
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
outstanding
Allica Bank
Allica Bank Limited
A registered charge1 property01/07/2022—
outstanding
Allica Bank
Allica Bank Limited
A registered charge1 property01/07/2022—
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property08/03/201626/05/2022
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge over licensed premises1 property27/10/200826/05/2022
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge over licensed premises2 properties09/08/2007—
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property12/07/200717/05/2022
outstanding
Network Rail Infrastructure
Network Rail Infrastructure Limited
Rent deposit agreement1 property28/11/2003—
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property28/11/200312/09/2007
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property28/11/200312/09/2007
satisfied
Barclays
Barclays Bank PLC
Debenture1 property22/02/199930/01/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (99 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-04
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-26
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-26
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-11