BINFIELD INSURANCE BROKERS LTD

💤Zombieactive
04107395 · ltd · incorporated 2000-11-09
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 2024
Net worth
£19.0k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Activities of insurance agents and brokers
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 63-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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 (1 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
80 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 · accounting standard not declared
Positive net assets
Net assets £18,999

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£19k
↑ 60% YoY
Current Assets
£299k
↑ 5.1% YoY
Current Liabilities
—
£0£60k£120k£180k£239k£299kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£33.1k£35.6k
Current assets£299.2k£284.8k
Net assets£19.0k£11.9k

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

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 (30 events)Click to expand
  1. 2025-05-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-03-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2022-03-02
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  7. 2022-03-02
    ✏️
    change-of-name-request-comments
    change-of-name · NM06
  8. 2022-02-21
    ✏️
    change-of-name-notice
    change-of-name · CONNOT
  9. 2021-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-04-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2020-11-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2020-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-11-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2017-11-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2009-11-09
    ➖
    BONNER, Kate resigned
    secretary
  18. 2006-04-28
    ➕
    BONNER, Kate appointed
    secretary
  19. 2006-04-28
    ➖
    TURKINGTON, Mark resigned
    secretary
  20. 2006-04-28
    ➖
    TURKINGTON, Mark resigned
    director
  21. 2001-12-21
    ➖
    CONEN, Nicholas John resigned
    director
  22. 2001-11-07
    ➕
    CONEN, Nicholas John appointed
    director
  23. 2000-11-09
    🏢
    Company incorporated
    As BINFIELD INSURANCE BROKERS LTD
  24. 2000-11-09
    ➕
    BINFIELD, Philip appointed
    director
  25. 2000-11-09
    ➕
    TURKINGTON, Mark appointed
    secretary
  26. 2000-11-09
    ➕
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  27. 2000-11-09
    ➖
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 2000-11-09
    ➕
    TURKINGTON, Mark appointed
    director
  29. 2000-11-09
    ➕
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  30. 2000-11-09
    ➖
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "BINFIELD" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

95/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Philip Binfield
Individual · British · DOB 06/1963 · age 63
75–100%
—75-100% shares30/06/2016

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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2000-11-09
Jurisdictionengland-wales
Primary SIC66220 — Activities of insurance agents and brokers

Registered office

5-7 Pellew Arcade Teign Street
Teignmouth
TQ14 8EB
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07

Officers (1 active · 6 resigned)

BINFIELD, Philip→
director · ~63y · appointed 2000-11-09
View their other companies + combined net worth →
Active
BONNER, Kate→
secretary · appointed 2006-04-28 · resigned 2009-11-09
Resigned
TURKINGTON, Mark→
secretary · appointed 2000-11-09 · resigned 2006-04-28
Resigned
TEMPLE SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2000-11-09 · resigned 2000-11-09
Resigned
CONEN, Nicholas John→
director · ~60y · appointed 2001-11-07 · resigned 2001-12-21
Resigned
TURKINGTON, Mark→
director · ~62y · appointed 2000-11-09 · resigned 2006-04-28
Resigned
COMPANY DIRECTORS LIMITED→
corporate-nominee-director · appointed 2000-11-09 · resigned 2000-11-09
Resigned

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

Recent filings (80 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
change-person-director-company-with-change-date
officers · CH01
2022-03-21
certificate-change-of-name-company
change-of-name · CERTNM
2022-03-02
change-of-name-request-comments
change-of-name · NM06
2022-03-02
change-of-name-notice
change-of-name · CONNOT
2022-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-04-20