BIKE TORQUE RACING LTD.

💤Zombieactive
03482052 · ltd · incorporated 1997-12-16
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 Dec 2025
Net worth
£1.62M
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: SIC 45400
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 77/100. 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 27.4y

15/100
under pressure

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

  • · Oldest live charge is 27.4 years old — likely at or near maturity.
  • · 3 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 6 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 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
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
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 £1,622,290
Cash YoY
+7%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£762k
↑ 6.8% YoY
Net Worth
£1.6m
↑ 1.0% YoY
Current Assets
£1.6m
↓ 3.1% YoY
Current Liabilities
—
£0£338k£676k£1.0m£1.4m£1.7mDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£1.63M£1.62M
Current assets£1.64M£1.69M
Cash£761.8k£713.2k
Debtors£19.7k£21.9k
Net assets£1.62M£1.61M

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
5
filings
  • • 4 persons-with-significant-control
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2026-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-02-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-02-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2026-02-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2026-02-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2026-01-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2026-01-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  8. 2025-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-12-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-12-01
    ➖
    STUBBS, Geoffrey Ivan resigned
    director
  12. 2023-05-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-04-25
    ➕
    MANNING-MORTON, Frederick Oliver appointed
    director
  14. 2023-04-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2023-02-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2023-02-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2023-02-08
    🔓
    Charge satisfied #3
  18. 2023-02-08
    🔓
    Charge satisfied #2
  19. 2022-10-03
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  20. 2022-09-27
    ➕
    GRAY, Joanne Sarah appointed
    secretary
  21. 2022-09-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2022-09-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2022-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2022-09-13
    ➖
    APPLETON, Scott Robert resigned
    director
  25. 2022-09-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2022-09-12
    ➖
    APPLETON, Neil Howard resigned
    director
  27. 2022-09-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2022-08-30
    ➕
    STUBBS, Geoffrey Ivan appointed
    director
  29. 2022-08-29
    ➕
    APPLETON, Scott Robert appointed
    director
  30. 2022-07-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  31. 2019-01-30
    ➖
    APPLETON, Sacha Gabrielle resigned
    secretary
  32. 2006-03-02
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  33. 2003-11-01
    ➕
    APPLETON, Sacha Gabrielle appointed
    secretary
  34. 2003-10-31
    ➖
    APPLETON, Neil Howard resigned
    secretary
  35. 2003-10-01
    ➖
    MORRAY JONES, Jonathon Charles resigned
    director
  36. 2001-08-18
    🔓
    Charge satisfied #1
  37. 2000-11-28
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Bank PLC
  38. 1999-03-09
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  39. 1998-11-01
    ➕
    MORRAY JONES, Jonathon Charles appointed
    director
  40. 1998-11-01
    ➖
    TOLFREE, Philip Paul resigned
    director
  41. 1997-12-16
    🏢
    Company incorporated
    As BIKE TORQUE RACING LTD.
  42. 1997-12-16
    ➕
    APPLETON, Neil Howard appointed
    secretary
  43. 1997-12-16
    ➕
    SAME-DAY COMPANY SERVICES LIMITED appointed
    corporate-nominee-secretary
  44. 1997-12-16
    ➖
    SAME-DAY COMPANY SERVICES LIMITED resigned
    corporate-nominee-secretary
  45. 1997-12-16
    ➕
    APPLETON, Neil Howard appointed
    director
  46. 1997-12-16
    ➕
    TOLFREE, Philip Paul appointed
    director
  47. 1997-12-16
    ➕
    WILDMAN & BATTELL LIMITED appointed
    corporate-nominee-director
  48. 1997-12-16
    ➖
    WILDMAN & BATTELL LIMITED resigned
    corporate-nominee-director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 Geoffrey Ivan Stubbs
Individual · British · DOB 08/1978 · age 48
——sig. influencesignificant influence · trust interest12/09/2022
Mr Nicholas Drummond Anderson
Individual · British · DOB 08/1964 · age 62
——sig. influencesignificant influence · trust interest12/09/2022
1 historic (ceased) PSC
  • Mr Neil Howard Appletonceased 12/09/2022· 75-100% shares · 75-100% voting · board control

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

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
Incorporated1997-12-16
Jurisdictionengland-wales
Primary SIC45400 — SIC 45400

Registered office

Lennox House
3 Pierrepont Street
Bath
BA1 1LB
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-12-30
Last: 2025-12-16

Officers (2 active · 9 resigned)

GRAY, Joanne Sarah→
secretary · appointed 2022-09-27
View their other companies + combined net worth →
Active
MANNING-MORTON, Frederick Oliver→
director · ~28y · appointed 2023-04-25
View their other companies + combined net worth →
Active
APPLETON, Neil Howard→
secretary · appointed 1997-12-16 · resigned 2003-10-31
Resigned
APPLETON, Sacha Gabrielle→
secretary · appointed 2003-11-01 · resigned 2019-01-30
Resigned
SAME-DAY COMPANY SERVICES LIMITED→
corporate-nominee-secretary · appointed 1997-12-16 · resigned 1997-12-16
Resigned
APPLETON, Neil Howard→
director · ~63y · appointed 1997-12-16 · resigned 2022-09-12
Resigned
APPLETON, Scott Robert→
director · ~65y · appointed 2022-08-29 · resigned 2022-09-13
Resigned
MORRAY JONES, Jonathon Charles→
director · ~64y · appointed 1998-11-01 · resigned 2003-10-01
Resigned
STUBBS, Geoffrey Ivan→
director · ~48y · appointed 2022-08-30 · resigned 2023-12-01
Resigned
TOLFREE, Philip Paul→
director · ~66y · appointed 1997-12-16 · resigned 1998-11-01
Resigned
WILDMAN & BATTELL LIMITED→
corporate-nominee-director · appointed 1997-12-16 · resigned 1997-12-16
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Debenture1 property02/03/200608/02/2023
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property28/11/200008/02/2023
satisfied
Midland Bank
Midland Bank PLC
Debenture1 property09/03/199918/08/2001

Recent filings (99 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-06
change-person-secretary-company-with-change-date
officers · CH03
2026-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-12
termination-director-company-with-name-termination-date
officers · TM01
2023-12-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-09
appoint-person-director-company-with-name-date
officers · AP01
2023-04-25