BELLE COACHWORKS LIMITED

🌳Matureactive
04065413 · ltd · incorporated 2000-09-05
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
£1.28M
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: SIC 29201
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. 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

8 live charges · 3 lenders · oldest 24.2y

35/100
too messy

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

  • · Oldest live charge is 24.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
119 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
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 £1,281,297
Net assets shrinking
Down £33,139 YoY
Cash YoY
+70%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£403k
↑ 70% YoY
Net Worth
£1.3m
↓ 2.5% YoY
Current Assets
£1.7m
↓ 1.8% YoY
Current Liabilities
£0£351k£701k£1.1m£1.4m£1.8mDec 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£1.32M£1.35M
Current assets£1.72M£1.75M
Cash£402.7k£236.9k
Debtors£588.9k£827.2k
Net assets£1.28M£1.31M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
6
filings
  • 4 officers
  • 1 persons-with-significant-control
  • 1 address
Last 90 days
6
filings
  • 4 officers
  • 1 persons-with-significant-control
  • 1 address
Last 180 days
7
filings
  • 4 officers
  • 1 persons-with-significant-control
  • 1 address
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
  1. 2026-07-15
    SPEED, Susan Iris resigned
    secretary
  2. 2026-07-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2026-07-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2026-07-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2026-07-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2026-07-15
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  7. 2026-07-15
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2026-03-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2025-11-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-09-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-07-09
    BARTON, David Richard appointed
    director
  13. 2025-07-09
    KARLSSON, Anna-Karin resigned
    director
  14. 2025-07-09
    SHREEVE, Martin James resigned
    director
  15. 2025-04-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2024-08-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2024-08-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2024-08-27
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  19. 2024-08-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2024-05-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  21. 2023-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2022-10-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2022-10-17
    🔒
    Charge registered #8
    Lender: Martin James Shreeve and Daniel James Shreeve
  24. 2022-08-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2022-08-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2022-08-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2022-08-09
    ZHANG, Daniel appointed
    director
  28. 2022-08-09
    KARLSSON, Anna-Karin appointed
    director
  29. 2022-08-09
    SHREEVE, Anne Christine resigned
    director
  30. 2022-08-09
    SHREEVE, Daniel James resigned
    director
  31. 2022-08-09
    🔒
    Charge registered #7
    Lender: Martin James Shreeve and Daniel James Shreeve
  32. 2022-08-01
    🔓
    Charge satisfied #6
  33. 2022-08-01
    🔓
    Charge satisfied #5
  34. 2022-08-01
    🔓
    Charge satisfied #4
  35. 2022-07-07
    🔓
    Charge satisfied #3
  36. 2022-07-07
    🔓
    Charge satisfied #2
  37. 2017-01-23
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  38. 2016-04-18
    SHREEVE, Alan James resigned
    director
  39. 2013-08-15
    SHREEVE, Daniel James appointed
    director
  40. 2010-11-12
    🔓
    Charge satisfied #1
  41. 2010-08-13
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  42. 2010-07-06
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  43. 2004-03-01
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  44. 2002-05-28
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  45. 2002-05-21
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  46. 2001-03-29
    SHREEVE, Anne Christine appointed
    director
  47. 2001-03-27
    SHREEVE, Alan James appointed
    director
  48. 2000-09-05
    🏢
    Company incorporated
    As BELLE COACHWORKS LIMITED
  49. 2000-09-05
    SPEED, Susan Iris appointed
    secretary
  50. 2000-09-05
    LONDON LAW SECRETARIAL LIMITED appointed
    corporate-nominee-secretary
Showing most recent 50 of 54 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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.

Group structure

Belle Coachworks Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Belle Coachworks Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BELLE COACHWORKS LIMITED
This company · 04065413

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Belle Coachworks Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/08/2022
4 historic (ceased) PSCs
  • Shreeve Holdings Limitedceased 01/08/2022· 75-100% shares · 75-100% voting · board control
  • Yuki Holdings Limitedceased 01/08/2022· 75-100% shares · 75-100% voting
  • Mr Daniel James Shreeveceased 01/08/2022· 25-50% shares · 25-50% voting
  • Mr Martin James Shreeveceased 01/08/2022· 50-75% shares · 50-75% voting · board control

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

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
Incorporated2000-09-05
Jurisdictionengland-wales
Primary SIC29201 — SIC 29201

Registered office

23 Imperial & Whitehall
Colmore Row
Birmingham
West Midlands
B3 2BS
United Kingdom

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-09-19
Last: 2025-09-05

Officers (2 active · 8 resigned)

BARTON, David Richard
director · ~54y · appointed 2025-07-09
View their other companies + combined net worth →
Active
ZHANG, Daniel
director · ~37y · appointed 2022-08-09
View their other companies + combined net worth →
Active
SPEED, Susan Iris
secretary · appointed 2000-09-05 · resigned 2026-07-15
Resigned
LONDON LAW SECRETARIAL LIMITED
corporate-nominee-secretary · appointed 2000-09-05 · resigned 2000-09-05
Resigned
KARLSSON, Anna-Karin
director · ~53y · appointed 2022-08-09 · resigned 2025-07-09
Resigned
SHREEVE, Alan James
director · ~102y · appointed 2001-03-27 · resigned 2016-04-18
Resigned
SHREEVE, Anne Christine
director · ~70y · appointed 2001-03-29 · resigned 2022-08-09
Resigned
SHREEVE, Daniel James
director · ~42y · appointed 2013-08-15 · resigned 2022-08-09
Resigned
SHREEVE, Martin James
director · ~69y · appointed 2000-09-05 · resigned 2025-07-09
Resigned
LONDON LAW SERVICES LIMITED
corporate-nominee-director · appointed 2000-09-05 · resigned 2000-09-05
Resigned

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

Mortgages & charges

8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Martin James Shreeve and Daniel James Shreeve
A registered charge1 property17/10/2022
outstanding
Martin James Shreeve and Daniel James Shreeve
A registered charge1 property09/08/2022
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property23/01/201701/08/2022
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property13/08/201001/08/2022
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property06/07/201001/08/2022
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property01/03/200407/07/2022
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage2 properties28/05/200207/07/2022
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property21/05/200212/11/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (119 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-07-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-07-15
change-person-director-company-with-change-date
officers · CH01
2026-07-15
change-person-director-company-with-change-date
officers · CH01
2026-07-15
change-person-secretary-company-with-change-date
officers · CH03
2026-07-15
termination-secretary-company-with-name-termination-date
officers · TM02
2026-07-15
accounts-with-accounts-type-small
accounts · AA
2026-03-23
appoint-person-director-company-with-name-date
officers · AP01
2025-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-09
termination-director-company-with-name-termination-date
officers · TM01
2025-10-07
termination-director-company-with-name-termination-date
officers · TM01
2025-09-16
accounts-with-accounts-type-small
accounts · AA
2025-04-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-05
change-person-director-company-with-change-date
officers · CH01
2024-08-27
change-person-director-company-with-change-date
officers · CH01
2024-08-27