BANK ON IT (SALES & DISTRIBUTION) LTD
🌳Matureactive
03655576 · ltd · incorporated 1998-10-23
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 Oct 2025
Net worth
£9.3k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores
Sector: Wholesale & retail
Investor take
PursueAsset-holding vehicle with a 62-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £9,298
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£9k
↑ 101% YoY
Current Assets
£31k
↑ 9.4% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-10-31 | 2024-10-31 |
|---|---|---|
| Total assets | £22.0k | £26.3k |
| Current assets | £30.6k | £28.0k |
| Cash | — | £7.7k |
| Debtors | — | £1.4k |
| Net assets | £9.3k | £4.6k |
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
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-03-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-17➖CARNE, Anne Gillian resigneddirector
- 2024-05-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-26➕CARNE, Catherine Emma appointeddirector
- 2023-05-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-10-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-21📄capital-allotment-sharescapital · SH01
- 2019-07-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-18➖CARNE, Brian George, Rev Canon resignedsecretary
- 2016-03-18➕CARNE, Anne Gillian appointeddirector
- 2007-10-01➕CARNE, Brian George, Rev Canon appointedsecretary
- 2007-10-01➖CARNE, Victoria Alison resignedsecretary
- 1998-12-14➕CARNE, David Robert George appointeddirector
- 1998-12-14➕CARNE, Victoria Alison appointedsecretary
- 1998-12-14➖ABC COMPANY SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1998-12-14➖PROFESSIONAL FORMATIONS LIMITED resignedcorporate-nominee-director
- 1998-10-23🏢Company incorporatedAs BANK ON IT (SALES & DISTRIBUTION) LTD
- 1998-10-23➕ABC COMPANY SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1998-10-23➕PROFESSIONAL FORMATIONS LIMITED appointedcorporate-nominee-director
Owner dependency
84/100
Critical — business is the founderThe 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 28 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 28 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Robert George Carne Individual · British · DOB 03/1964 · age 62 | 75–100% | — | 75-100% shares | 18/09/2016 |
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 →Similar companies
Active · Retail · NP postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BLACKWOOD GARDEN CENTRE LIMITED→ 04708657 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| BOOK-ISH LTD→ 14279324 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BP FOOD NPT LIMITED→ 16252858 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BRIAN LEE GOLF LTD→ 15289347 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BRILLIANT CUTS LIMITED→ 05277552 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BROMFIELDS BUTCHERS LTD→ 09602644 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BROMLEIGHS LIMITED→ 07033848 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| BRYNMAWR BARGAIN LTD→ 09902596 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BSP RETAIL GROUP LIMITED→ 13909890 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BUBUMARU LIMITED→ 13217202 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BUDGETWHOLESALE LIMITED→ 14324952 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BUKKA BITES LTD→ 15141068 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1998-10-23
Jurisdictionengland-wales
Primary SIC47599 — Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores
Registered office
The Cedars
Pwllmeyric
Chepstow
NP16 6LE
Wales
Filing status
Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2027-03-26
Last: 2026-03-12
Officers (2 active · 5 resigned)
CARNE, Catherine Emma→
Activedirector · ~56y · appointed 2023-05-26
View their other companies + combined net worth →
CARNE, David Robert George→
Activedirector · ~62y · appointed 1998-12-14
View their other companies + combined net worth →
CARNE, Brian George, Rev Canon→
Resignedsecretary · appointed 2007-10-01 · resigned 2016-03-18
CARNE, Victoria Alison→
Resignedsecretary · appointed 1998-12-14 · resigned 2007-10-01
ABC COMPANY SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-10-23 · resigned 1998-12-14
CARNE, Anne Gillian→
Resigneddirector · ~92y · appointed 2016-03-18 · resigned 2024-05-17
PROFESSIONAL FORMATIONS LIMITED→
Resignedcorporate-nominee-director · appointed 1998-10-23 · resigned 1998-12-14
Click a director name to see their full track record across all companies.
Recent filings (77 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-17
termination-director-company-with-name-termination-date
officers · TM01
2024-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-28
appoint-person-director-company-with-name-date
officers · AP01
2023-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-10-12