BASS (GRIMSBY) LIMITED

💤Zombieactive
04292698 · ltd · incorporated 2001-09-24
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 Sept 2025
Net worth
£83.7k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 65). 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 (75/100)

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
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 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 £83,728
Net assets shrinking
Down £3,737 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£84k
↓ 4.3% YoY
Current Assets
£130k
↑ 11% YoY
Current Liabilities
—
£0£26k£52k£78k£104k£130kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£83.7k£87.5k
Current assets£130.4k£117.8k
Net assets£83.7k£87.5k

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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-06-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-06-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-10-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2021-06-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-06-18
    ➖
    APR SECRETARIES LTD resigned
    corporate-secretary
  9. 2021-06-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2021-06-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2021-06-18
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2021-06-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2021-06-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2021-06-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-06-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2020-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2019-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2002-08-15
    ➕
    BASS, Jeremy Edward appointed
    director
  19. 2002-08-15
    ➕
    APR SECRETARIES LTD appointed
    corporate-secretary
  20. 2002-08-15
    ➖
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  21. 2002-08-15
    ➖
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-director
  22. 2001-09-24
    🏢
    Company incorporated
    As BASS (GRIMSBY) LIMITED
  23. 2001-09-24
    ➕
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  24. 2001-09-24
    ➕
    COMPANY DIRECTORS LIMITED appointed
    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 "BASS" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

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 65. 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 24 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

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 Jeremy Edward Bass
Individual · British · DOB 12/1961 · age 65
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/07/2016
1 historic (ceased) PSC
  • Mrs Judith Bassceased 18/06/2021· 25-50% shares

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

8 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
Incorporated2001-09-24
Jurisdictionengland-wales
Primary SIC45112 — SIC 45112

Registered office

Newland House The Point
Weaver Road
Lincoln
Lincolnshire
LN6 3QN
England

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01

Officers (1 active · 3 resigned)

BASS, Jeremy Edward→
director · ~65y · appointed 2002-08-15
View their other companies + combined net worth →
Active
APR SECRETARIES LTD→
corporate-secretary · appointed 2002-08-15 · resigned 2021-06-18
Resigned
TEMPLE SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2001-09-24 · resigned 2002-08-15
Resigned
COMPANY DIRECTORS LIMITED→
corporate-nominee-director · appointed 2001-09-24 · resigned 2002-08-15
Resigned

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

Recent filings (70 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-06-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-10-15
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-07
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-06-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-06-18
termination-secretary-company-with-name-termination-date
officers · TM02
2021-06-18