BLUE MUSHROOM LIMITED

💤Zombieactive
03994866 · ltd · incorporated 2000-05-16
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 Aug 2025
Net worth
£768.0k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 18129
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -84% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 17.5y

30/100
under pressure

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

  • · Oldest live charge is 17.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
85
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 £767,986
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↓ 84% YoY
Net Worth
£768k
↑ 11% YoY
Current Assets
£24k
↓ 28% YoY
Current Liabilities
—
£0£154k£307k£461k£614k£768kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£1.22M£1.35M
Current assets£23.9k£33.1k
Cash£4.6k£28.9k
Debtors£19.3k£4.2k
Net assets£768.0k£692.2k

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
1
filing
  • • 1 officers
Last 180 days
3
filings
  • • 1 officers
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-04-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2026-03-31
    ➖
    PARTRIDGE, Frances resigned
    director
  4. 2025-08-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-08-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-08-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2025-08-04
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  8. 2025-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-10-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2024-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2021-04-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-11-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-05-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-05-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2019-05-17
    ➖
    PARTRIDGE, Anthony Kingsford resigned
    director
  19. 2019-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2017-12-21
    🔓
    Charge satisfied #1
  21. 2017-11-17
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  22. 2017-09-22
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  23. 2009-01-09
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  24. 2006-12-01
    ➕
    VAZQUEZ, Anabel appointed
    secretary
  25. 2006-12-01
    ➖
    PARTRIDGE, Anthony Kingsford resigned
    secretary
  26. 2003-08-08
    ➖
    GODDEN, Ian David resigned
    director
  27. 2003-08-08
    ➕
    PARTRIDGE, Frances appointed
    director
  28. 2000-05-26
    ➕
    PARTRIDGE, Anthony Kingsford appointed
    secretary
  29. 2000-05-26
    ➕
    PARTRIDGE, Anthony Kingsford appointed
    director
  30. 2000-05-16
    🏢
    Company incorporated
    As BLUE MUSHROOM LIMITED
  31. 2000-05-16
    ➕
    PARTRIDGE, Stuart Antony appointed
    director
  32. 2000-05-16
    ➕
    THOMAS, Howard appointed
    nominee-secretary
  33. 2000-05-16
    ➖
    THOMAS, Howard resigned
    nominee-secretary
  34. 2000-05-16
    ➕
    GODDEN, Ian David appointed
    director
  35. 2000-05-16
    ➕
    TESTER, William Andrew Joseph appointed
    nominee-director
  36. 2000-05-16
    ➖
    TESTER, William Andrew Joseph resigned
    nominee-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 26 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 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Stuart Antony Partridge
Individual · British · DOB 04/1972 · age 54
25–50%
75–100%board control75-100% shares · 75-100% voting · board control21/01/2025
Ms Anabel Vazquez
Individual · British · DOB 10/1975 · age 51
25–50%
—25-50% shares21/01/2025

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
Incorporated2000-05-16
Jurisdictionengland-wales
Primary SIC18129 — SIC 18129

Registered office

85 Guildford Street
Chertsey
Surrey
KT16 9AS

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-02-03
Last: 2026-01-20

Officers (2 active · 6 resigned)

VAZQUEZ, Anabel→
secretary · appointed 2006-12-01
View their other companies + combined net worth →
Active
PARTRIDGE, Stuart Antony→
director · ~54y · appointed 2000-05-16
View their other companies + combined net worth →
Active
PARTRIDGE, Anthony Kingsford→
secretary · appointed 2000-05-26 · resigned 2006-12-01
Resigned
THOMAS, Howard→
nominee-secretary · appointed 2000-05-16 · resigned 2000-05-16
Resigned
GODDEN, Ian David→
director · ~63y · appointed 2000-05-16 · resigned 2003-08-08
Resigned
PARTRIDGE, Anthony Kingsford→
director · ~85y · appointed 2000-05-26 · resigned 2019-05-17
Resigned
PARTRIDGE, Frances→
director · ~84y · appointed 2003-08-08 · resigned 2026-03-31
Resigned
TESTER, William Andrew Joseph→
nominee-director · ~64y · appointed 2000-05-16 · resigned 2000-05-16
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
A registered charge1 property17/11/2017—
outstanding
Barclays
Barclays Bank PLC
A registered charge—22/09/2017—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge2 properties09/01/200921/12/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (93 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-05
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-23
change-person-director-company-with-change-date
officers · CH01
2024-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-05