BLISTERS LTD

🌳Matureactive
03298927 · ltd · incorporated 1997-01-06
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 Dec 2025
Net worth
£971.4k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 10890
Sector: Manufacturing
ALSO REGISTERED FOR
  • 17290SIC 17290
Investor take
Pursue
Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 27.3y

35/100
too messy

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

  • · Oldest live charge is 27.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
12 officers (4 active, 12 linked, 5 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £971,374
Cash YoY
-3%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£283k
↓ 2.8% YoY
Net Worth
£971k
↑ 7.1% YoY
Current Assets
£1.2m
↑ 17% YoY
Current Liabilities
—
£0£247k£494k£741k£989k£1.2mDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Total assets£1.24M£1.13M
Current assets£1.24M£1.06M
Cash£283.0k£291.0k
Debtors£752.0k£569.0k
Net assets£971.4k£906.6k

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 (43 events)Click to expand
  1. 2026-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-28
    📄
    capital-allotment-shares
    capital · SH01
  4. 2024-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-04-03
    📄
    capital-return-purchase-own-shares
    capital · SH03
  6. 2024-03-06
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  7. 2024-03-06
    📄
    capital-cancellation-shares
    capital · SH06
  8. 2024-03-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2024-02-27
    ➕
    CURTIS, Stephen Anthony appointed
    secretary
  10. 2024-02-27
    ➖
    EARL, Martin Stanley resigned
    secretary
  11. 2023-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-03-08
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  14. 2022-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-05-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2021-04-28
    🔒
    Charge registered #4
    Lender: Barclays Security Trustee Limited
  18. 2020-11-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2020-10-26
    ➕
    CURTIS, Abigail Kathryn appointed
    director
  20. 2020-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2014-08-18
    🔓
    Charge satisfied #1
  23. 2005-10-28
    ➕
    EARL, Martin Stanley appointed
    secretary
  24. 2005-10-28
    ➖
    PETHERICK, Mark Julian resigned
    secretary
  25. 2004-11-30
    ➖
    PETHERICK, Mark Julian resigned
    director
  26. 2003-10-21
    ➖
    CURTIS, Brenda Jean resigned
    secretary
  27. 2003-10-21
    ➕
    PETHERICK, Mark Julian appointed
    secretary
  28. 2000-02-01
    ➕
    CURTIS, Brenda Jean appointed
    secretary
  29. 1999-08-23
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  30. 1999-04-23
    ➕
    CURTIS, Stephen Anthony appointed
    director
  31. 1999-04-23
    ➕
    EARL, Martin Stanley appointed
    director
  32. 1999-04-23
    ➖
    CURTIS, Brenda Jean resigned
    secretary
  33. 1999-04-23
    ➖
    EARL, Jennifer Elizabeth resigned
    director
  34. 1999-04-23
    ➕
    PETHERICK, Mark Julian appointed
    director
  35. 1999-03-23
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  36. 1999-02-12
    🔒
    Charge registered #1
    Lender: Griffin Credit Services Limited
  37. 1997-01-06
    🏢
    Company incorporated
    As BLISTERS LTD
  38. 1997-01-06
    ➕
    CURTIS, Brenda Jean appointed
    secretary
  39. 1997-01-06
    ➕
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  40. 1997-01-06
    ➖
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  41. 1997-01-06
    ➕
    EARL, Jennifer Elizabeth appointed
    director
  42. 1997-01-06
    ➕
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  43. 1997-01-06
    ➖
    WATERLOW NOMINEES LIMITED resigned
    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
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 82 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
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.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Martin Stanley Earl
Individual · British · DOB 12/1944 · age 82
25–50%
—25-50% shares06/04/2016
Mr Stephen Anthony Curtis
Individual · British · DOB 08/1952 · age 74
25–50%
—25-50% 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
Incorporated1997-01-06
Jurisdictionengland-wales
Primary SIC10890 — SIC 10890

Registered office

Second Avenue Unit 35
Westfield Industrial Estate
Midsomer Norton
Bath
BA3 4AR

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-02-26
Last: 2026-02-12

Officers (4 active · 8 resigned)

CURTIS, Stephen Anthony→
secretary · appointed 2024-02-27
View their other companies + combined net worth →
Active
CURTIS, Abigail Kathryn→
director · ~45y · appointed 2020-10-26
View their other companies + combined net worth →
Active
CURTIS, Stephen Anthony→
director · ~74y · appointed 1999-04-23
View their other companies + combined net worth →
Active
EARL, Martin Stanley→
director · ~82y · appointed 1999-04-23
View their other companies + combined net worth →
Active
CURTIS, Brenda Jean→
secretary · appointed 2000-02-01 · resigned 2003-10-21
Resigned
CURTIS, Brenda Jean→
secretary · appointed 1997-01-06 · resigned 1999-04-23
Resigned
EARL, Martin Stanley→
secretary · appointed 2005-10-28 · resigned 2024-02-27
Resigned
PETHERICK, Mark Julian→
secretary · appointed 2003-10-21 · resigned 2005-10-28
Resigned
WATERLOW SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1997-01-06 · resigned 1997-01-06
Resigned
EARL, Jennifer Elizabeth→
director · ~79y · appointed 1997-01-06 · resigned 1999-04-23
Resigned
PETHERICK, Mark Julian→
director · ~74y · appointed 1999-04-23 · resigned 2004-11-30
Resigned
WATERLOW NOMINEES LIMITED→
corporate-nominee-director · appointed 1997-01-06 · resigned 1997-01-06
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge—28/04/2021—
outstanding
Barclays
Barclays Bank PLC
Fixed charge supplemental to a debenture dated 23RD march 19991 property23/08/1999—
outstanding
Barclays
Barclays Bank PLC
Debenture1 property23/03/1999—
satisfied
Griffin Credit Services
Griffin Credit Services Limited
Fixed charge on purchased debts which fail to vest1 property12/02/199918/08/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (103 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-17
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-28
capital-allotment-shares
capital · SH01
2025-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-05
capital-return-purchase-own-shares
capital · SH03
2024-04-03
appoint-person-secretary-company-with-name-date
officers · AP03
2024-03-06
capital-cancellation-shares
capital · SH06
2024-03-06
termination-secretary-company-with-name-termination-date
officers · TM02
2024-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-08