BITREZ LIMITED
Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 24.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 24.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £15.33M | £15.05M |
| Current assets | £18.54M | £16.48M |
| Cash | £5.08M | £4.38M |
| Debtors | £5.84M | £6.43M |
| Net assets | £15.33M | £15.05M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
Corporate timeline (41 events)Click to expand
- 2025-11-10📄memorandum-articlesincorporation · MA
- 2025-11-10📄resolutionresolution · RESOLUTIONS
- 2025-10-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-15➕DOMINIK, Mark Joseph appointeddirector
- 2025-10-15➕NORMANTON, Toby Roderick Edward appointeddirector
- 2025-10-15➕SILVER, Maximilian George appointeddirector
- 2025-10-15➖ALLEN, Brian resigneddirector
- 2025-10-15➖JONES, Paul Harry resigneddirector
- 2025-10-15🔒Charge registered #4Lender: Hsbc UK Bank PLC
- 2025-10-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-03🔓Charge satisfied #3
- 2025-09-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-24🔓Charge satisfied #2
- 2025-09-24🔓Charge satisfied #1
- 2025-06-30📄accounts-with-accounts-type-mediumaccounts · AA
- 2024-05-03📄accounts-with-accounts-type-fullaccounts · AA
- 2023-03-31📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-21📄accounts-with-accounts-type-fullaccounts · AA
- 2021-06-03📄accounts-with-accounts-type-fullaccounts · AA
- 2021-01-15📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2020-05-05📄accounts-with-accounts-type-fullaccounts · AA
- 2014-01-16➖ALLEN, Brian resignedsecretary
- 2006-06-27➖MANGNALL, Peter resigneddirector
- 2002-12-23🔒Charge registered #3Lender: Bitrez Group Limited
- 2001-12-18🔒Charge registered #2Lender: National Westminster Bank PLC
- 2001-11-27🔒Charge registered #1Lender: The Royal Bank of Scotland Commercial Services Limited
- 2001-02-26➕ALLEN, Brian appointedsecretary
- 2001-02-26➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 2001-02-26➕ALLEN, Brian appointeddirector
- 2001-02-26➕JONES, Paul Harry appointeddirector
- 2001-02-26➕MANGNALL, Peter appointeddirector
- 2001-02-26➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
- 2001-01-10🏢Company incorporatedAs BITREZ LIMITED
- 2001-01-10➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 2001-01-10➕INSTANT COMPANIES LIMITED appointedcorporate-nominee-director
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
2 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: ALLEN, Brian resigned 2025-10-15; JONES, Paul Harry resigned 2025-10-15
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Bitrez Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Bitrez Group Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (3 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 15/10/2025 | — | |
| satisfied | Bitrez Group Bitrez Group Limited | Debenture | 1 property | 23/12/2002 | 03/10/2025 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 18/12/2001 | 24/09/2025 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed and floating charge | 1 property | 27/11/2001 | 24/09/2025 |