BASHFARMS LIMITED

💤Zombieactive
04258026 · ltd · incorporated 2001-07-24
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 Apr 2025
Net worth
£2.01M
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 59). 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: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

8 live charges · 4 lenders · oldest 24.9y

15/100
under pressure

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

  • · Oldest live charge is 24.9 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

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
8 officers (1 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £2,014,962
Cash YoY
+2413%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£77k
↑ 2413% YoY
Net Worth
£2.0m
↑ 6.1% YoY
Current Assets
£1.4m
↓ 18% YoY
Current Liabilities
—
£0£403k£806k£1.2m£1.6m£2.0mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-052024-04-05
Total assets£6.05M£4.06M
Current assets£1.39M£1.70M
Cash£76.7k£3.1k
Debtors£1.14M£1.55M
Net assets£2.01M£1.90M

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (46 events)Click to expand
  1. 2026-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-07-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-07-19
    🔒
    Charge registered #8
    Lender: Hsbc UK Bank PLC
  6. 2024-07-19
    🔒
    Charge registered #7
    Lender: Hsbc UK Bank PLC
  7. 2024-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-08-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-08-31
    🔒
    Charge registered #6
    Lender: Hsbc UK Bank PLC
  10. 2023-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-04-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2022-04-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2022-04-09
    🔓
    Charge satisfied #3
  14. 2022-04-09
    🔓
    Charge satisfied #2
  15. 2022-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-06-18
    📄
    capital-cancellation-shares
    capital · SH06
  17. 2021-06-18
    📄
    capital-return-purchase-own-shares
    capital · SH03
  18. 2021-05-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2021-05-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  20. 2021-05-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2021-04-30
    ➖
    OCKLEFORD, Judith Sally resigned
    secretary
  22. 2021-04-30
    ➖
    OCKLEFORD, Bryan Curtis resigned
    director
  23. 2021-04-30
    ➖
    OCKLEFORD, Judith Sally resigned
    director
  24. 2021-04-16
    📄
    resolution
    resolution · RESOLUTIONS
  25. 2021-04-14
    📄
    resolution
    resolution · RESOLUTIONS
  26. 2021-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2021-02-25
    📄
    capital-directors-statement-auditors-report
    capital · SH30
  28. 2021-02-05
    🔒
    Charge registered #5
    Lender: Hsbc UK Bank PLC
  29. 2021-01-22
    🔒
    Charge registered #4
    Lender: Hsbc UK Bank PLC
  30. 2013-07-03
    🔓
    Charge satisfied #1
  31. 2012-02-08
    ➖
    MASSINGBERD MUNDY, Andrea Jane resigned
    director
  32. 2006-11-24
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  33. 2003-04-14
    🔒
    Charge registered #2
    Lender: Yorkshire Bank PLC
  34. 2002-08-23
    ➕
    MASSINGBERD MUNDY, Andrea Jane appointed
    director
  35. 2001-10-03
    ➖
    MASSINGBERD MUNDY, Andrea Jane resigned
    secretary
  36. 2001-10-03
    ➕
    OCKLEFORD, Judith Sally appointed
    secretary
  37. 2001-08-24
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  38. 2001-07-31
    ➕
    OCKLEFORD, Bryan Curtis appointed
    director
  39. 2001-07-31
    ➕
    OCKLEFORD, Judith Sally appointed
    director
  40. 2001-07-26
    ➕
    MASSINGBERD MUNDY, Hugh Roger Burrell appointed
    director
  41. 2001-07-26
    ➕
    MASSINGBERD MUNDY, Andrea Jane appointed
    secretary
  42. 2001-07-26
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  43. 2001-07-26
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  44. 2001-07-24
    🏢
    Company incorporated
    As BASHFARMS LIMITED
  45. 2001-07-24
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  46. 2001-07-24
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

93/100
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 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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

1 med · 1 low
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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Hugh Massingberd Mundy
Individual · British · DOB 05/1967 · age 59
25–50%
—25-50% shares01/07/2016

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 →

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———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2001-07-24
Jurisdictionengland-wales
Primary SIC01500 — SIC 01500

Registered office

Clapgate Farm
Ashby Puerorum
Horncastle
Lincolnshire
LN9 6QU

Filing status

Accounts
Next due: 2027-01-04
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-08-05
Last: 2025-07-22

Officers (1 active · 7 resigned)

MASSINGBERD MUNDY, Hugh Roger Burrell→
director · ~59y · appointed 2001-07-26
View their other companies + combined net worth →
Active
MASSINGBERD MUNDY, Andrea Jane→
secretary · appointed 2001-07-26 · resigned 2001-10-03
Resigned
OCKLEFORD, Judith Sally→
secretary · appointed 2001-10-03 · resigned 2021-04-30
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2001-07-24 · resigned 2001-07-26
Resigned
MASSINGBERD MUNDY, Andrea Jane→
director · ~62y · appointed 2002-08-23 · resigned 2012-02-08
Resigned
OCKLEFORD, Bryan Curtis→
director · ~80y · appointed 2001-07-31 · resigned 2021-04-30
Resigned
OCKLEFORD, Judith Sally→
director · ~78y · appointed 2001-07-31 · resigned 2021-04-30
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2001-07-24 · resigned 2001-07-26
Resigned

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

Mortgages & charges

8
Total charges
5
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property19/07/2024—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property19/07/2024—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property31/08/2023—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property05/02/2021—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge2 properties22/01/2021—
satisfied
Virgin Money
Clydesdale Bank PLC
Legal mortgage1 property24/11/200609/04/2022
satisfied
Virgin Money
Yorkshire Bank PLC
Debenture1 property14/04/200309/04/2022
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property24/08/200103/07/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (92 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-02
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-09
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-28