B.K. RACING LIMITED

🌳Matureactive
03469325 · ltd · incorporated 1997-11-17
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
£846.4k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 45310
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 75). 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 (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 28.2y

15/100
under pressure

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

  • · Oldest live charge is 28.2 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (79/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 5 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
96 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 · accounting standard not declared
Positive net assets
Net assets £846,381
Net assets shrinking
Down £13,450 YoY
Cash draining
Cash down 58% YoY
Cash YoY
-58%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£41k
↓ 58% YoY
Net Worth
£846k
↓ 1.6% YoY
Current Assets
£638k
↓ 9.7% YoY
Current Liabilities
—
£0£172k£344k£516k£688k£860kMar 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
Total assets£847.7k£859.8k
Current assets£638.5k£707.0k
Cash£41.0k£97.2k
Debtors£114.8k£117.6k
Net assets£846.4k£859.8k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-25
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2024-11-22
    📄
    capital-name-of-class-of-shares
    capital · SH08
  4. 2024-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-05-22
    📍
    move-registers-to-sail-company-with-new-address
    address · AD03
  6. 2024-05-22
    📍
    change-sail-address-company-with-new-address
    address · AD02
  7. 2024-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-11-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2020-11-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2020-11-01
    ➕
    HARDING, Eloise Jane appointed
    director
  14. 2020-11-01
    ➖
    PINKERTON, Alan John Morton resigned
    secretary
  15. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2004-10-29
    🔓
    Charge satisfied #5
  20. 2004-10-29
    🔓
    Charge satisfied #2
  21. 2003-02-28
    ➖
    KITCHEN, Aimee Marie resigned
    secretary
  22. 2003-02-28
    ➕
    PINKERTON, Alan John Morton appointed
    secretary
  23. 2003-02-28
    ➖
    KITCHEN, Aimee Marie resigned
    director
  24. 2002-10-02
    🔓
    Charge satisfied #4
  25. 2002-10-02
    🔓
    Charge satisfied #3
  26. 2001-04-23
    🔒
    Charge registered #5
    Lender: State Street Bank and Trust Company
  27. 2001-01-31
    ➕
    KITCHEN, Aimee Marie appointed
    secretary
  28. 2001-01-31
    ➖
    LEISK, Eloise Jane resigned
    secretary
  29. 2001-01-31
    ➖
    LEISK, Eloise Jane resigned
    director
  30. 2000-04-21
    🔒
    Charge registered #4
    Lender: The City (Europe) PLC
  31. 1999-09-29
    🔒
    Charge registered #3
    Lender: The City (Europe) PLC
  32. 1998-04-01
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Commercial Finance Limited
  33. 1998-04-01
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  34. 1997-11-17
    🏢
    Company incorporated
    As B.K. RACING LIMITED
  35. 1997-11-17
    ➕
    KITCHEN, Christina Marie appointed
    director
  36. 1997-11-17
    ➕
    KITCHEN, William appointed
    director
  37. 1997-11-17
    ➕
    LEISK, Eloise Jane appointed
    secretary
  38. 1997-11-17
    ➕
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  39. 1997-11-17
    ➖
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  40. 1997-11-17
    ➕
    KITCHEN, Aimee Marie appointed
    director
  41. 1997-11-17
    ➕
    LEISK, Eloise Jane appointed
    director
  42. 1997-11-17
    ➕
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  43. 1997-11-17
    ➖
    COMPANY DIRECTORS 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 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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 75 years old. Natural succession window is now.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr William Kitchen
Individual · British · DOB 12/1953 · age 73
25–50%
—25-50% shares06/04/2016
Mrs Christina Marie Kitchen
Individual · British · DOB 09/1951 · age 75
25–50%
—25-50% shares06/04/2016

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

7 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
Incorporated1997-11-17
Jurisdictionengland-wales
Primary SIC45310 — SIC 45310

Registered office

Deedtrade House Grace Road
Marsh Barton Trading Estate
Exeter
Devon
EX2 8QA

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (3 active · 7 resigned)

HARDING, Eloise Jane→
director · ~53y · appointed 2020-11-01
View their other companies + combined net worth →
Active
KITCHEN, Christina Marie→
director · ~75y · appointed 1997-11-17
View their other companies + combined net worth →
Active
KITCHEN, William→
director · ~73y · appointed 1997-11-17
View their other companies + combined net worth →
Active
KITCHEN, Aimee Marie→
secretary · appointed 2001-01-31 · resigned 2003-02-28
Resigned
LEISK, Eloise Jane→
secretary · appointed 1997-11-17 · resigned 2001-01-31
Resigned
PINKERTON, Alan John Morton→
secretary · appointed 2003-02-28 · resigned 2020-11-01
Resigned
TEMPLE SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1997-11-17 · resigned 1997-11-17
Resigned
KITCHEN, Aimee Marie→
director · ~47y · appointed 1997-11-17 · resigned 2003-02-28
Resigned
LEISK, Eloise Jane→
director · ~53y · appointed 1997-11-17 · resigned 2001-01-31
Resigned
COMPANY DIRECTORS LIMITED→
corporate-nominee-director · appointed 1997-11-17 · resigned 1997-11-17
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
State Street Bank and Trust Company
Charge over a deposit1 property23/04/200129/10/2004
satisfied
The City (Europe)
The City (Europe) PLC
Notice of retention of title1 property21/04/200002/10/2002
satisfied
The City (Europe)
The City (Europe) PLC
Debenture1 property29/09/199902/10/2002
satisfied
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
All assets debenture deed1 property01/04/199829/10/2004
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Debenture deed1 property01/04/1998—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (96 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-02
resolution
resolution · RESOLUTIONS
2024-11-25
capital-name-of-class-of-shares
capital · SH08
2024-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-20
move-registers-to-sail-company-with-new-address
address · AD03
2024-05-22
change-sail-address-company-with-new-address
address · AD02
2024-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23