BRACKENBOROUGH LIMITED

💤Zombieactive

04517523 · ltd · incorporated 2002-08-22

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 Jul 2025

Net worth

£623.7k

book net assets

Opportunity

74/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Hotels and similar accommodation

Sector: Accommodation & food service

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 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 · 6 lenders · oldest 23.0y

15/100

under pressure

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

· Oldest live charge is 23.0 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

8 officers (1 active, 8 linked, 5 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

7 connected companies via shared directors

Filing history

86 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

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 £623,674

Net assets shrinking

Down £415,939 YoY

Cash YoY

+143%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£219k

↑ 143% YoY

Net Worth

£624k

↓ 40% YoY

Current Assets

£373k

↑ 38% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-07-31	2024-07-31
Total assets	£803.0k	£1.25M
Current assets	£373.2k	£270.2k
Cash	£219.3k	£90.1k
Debtors	£130.4k	£154.3k
Net assets	£623.7k	£1.04M

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

🔒Filing-note intelligence

4 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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (46 events)Click to expand

2026-04-30
📄
accounts-with-accounts-type-small
accounts · AA
2025-02-11
📄
accounts-with-accounts-type-small
accounts · AA
2024-04-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-28
🔒
Charge registered #8
Lender: The Co-Operative Bank P.L.C
2022-10-28
🔒
Charge registered #7
Lender: The Co-Operative Bank P.I.C.
2022-02-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-16
🔓
Charge satisfied #6
2021-09-16
🔓
Charge satisfied #5
2021-04-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-05
📄
auditors-resignation-company
auditors · AUD
2018-04-30
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-03-14
📄
accounts-with-accounts-type-small
accounts · AA
2017-01-18
📄
accounts-with-accounts-type-small
accounts · AA
2015-09-16
🔓
Charge satisfied #4
2015-09-16
🔓
Charge satisfied #3
2015-09-14
➖
CORNISH, Michael John resigned
director
2015-09-14
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC
2015-09-14
🔒
Charge registered #5
Lender: The Royal Bank of Scotland PLC
2013-01-09
🔒
Charge registered #4
Lender: Svenska Handelsbanken Ab (Publ)
2013-01-09
🔒
Charge registered #3
Lender: Svenska Handelsbanken Ab (Publ)
2012-12-27
🔓
Charge satisfied #2
2011-09-09
➖
BENNETT, Steven Paul resigned
director
2009-04-30
➖
LIDGARD, Audrey resigned
secretary
2008-08-18
🔓
Charge satisfied #1
2005-11-01
➕
BENNETT, Steven Paul appointed
director
2005-05-21
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2005-05-01
➕
CORNISH, Michael John appointed
director
2005-05-01
➖
LIDGARD, Audrey resigned
director
2005-01-05
➖
LIDGARD, John David resigned
director
2003-08-12
🔒
Charge registered #1
Lender: Lloyds Tsb Bank PLC
2002-08-22
🏢
Company incorporated
As BRACKENBOROUGH LIMITED
2002-08-22
➕
LIDGARD, Ashley Robert appointed
director
2002-08-22
➕
LIDGARD, Audrey appointed
secretary
2002-08-22
➕
JPCORS LIMITED appointed
corporate-nominee-secretary
2002-08-22
➖
JPCORS LIMITED resigned
corporate-nominee-secretary
2002-08-22
➕
LIDGARD, Audrey appointed
director
2002-08-22
➕
LIDGARD, John David appointed
director
2002-08-22
➕
JPCORD LIMITED appointed
corporate-nominee-director
2002-08-22
➖
JPCORD LIMITED resigned
corporate-nominee-director

Owner dependency

85/100

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 24 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100

Likely off-market candidate

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

SIGNALS

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 24 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 ·

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

Oakridge Hotels Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Oakridge Hotels Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

BRACKENBOROUGH LIMITED

This company · 04517523

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Oakridge Hotels Limited Corporate entity	75–100%	—	75-100% shares	22/08/2016
Mr Ashley Robert Lidgard Individual · British · DOB 04/1971 · age 55	—	—	sig. influencesignificant influence	23/08/2017

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 →

Similar companies

Active · Hospitality · LN postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BARNEY'S CHURROS LTD→ 14355943 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
BELLCASTLE EVENTS LTD→ 15594679 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
BELLCASTLE HOSPITALITY LTD→ 13910881 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
BENTLEYS HOLIDAY HOMES LIMITED→ 15189033 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BLUE CLOUD SHISHA LTD→ 16280019 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
BOOTLEG BARS LIMITED→ 09359114 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
BRACEBRIDGE TANDOORI LTD→ 15609608 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
BRANT LOWFIELD LTD→ 16909925 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BRONZE PIG GUEST ROOMS LIMITED→ 15518921 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
BULLET HOSPITALITY LTD→ 15833143 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BURTON ROAD CHIPPY LIMITED→ 09289616 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
BURTONLN LTD→ 17117139 · est 2026 · no financials extracted	—	—	—	—	—	—	—

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 →

🔒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

Incorporated2002-08-22

Jurisdictionengland-wales

Primary SIC55100 — Hotels and similar accommodation

Registered office

The Brackenborough Hotel Cordeaux Corner

Brackenborough

Louth

Lincolnshire

LN11 0SZ

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2026-09-05

Last: 2025-08-22

Officers (1 active · 7 resigned)

LIDGARD, Ashley Robert→

director · ~55y · appointed 2002-08-22

View their other companies + combined net worth →

Active

LIDGARD, Audrey→

secretary · appointed 2002-08-22 · resigned 2009-04-30

Resigned

JPCORS LIMITED→

corporate-nominee-secretary · appointed 2002-08-22 · resigned 2002-08-22

Resigned

BENNETT, Steven Paul→

director · ~50y · appointed 2005-11-01 · resigned 2011-09-09

Resigned

CORNISH, Michael John→

director · ~73y · appointed 2005-05-01 · resigned 2015-09-14

Resigned

LIDGARD, Audrey→

director · ~85y · appointed 2002-08-22 · resigned 2005-05-01

Resigned

LIDGARD, John David→

director · ~89y · appointed 2002-08-22 · resigned 2005-01-05

Resigned

JPCORD LIMITED→

corporate-nominee-director · appointed 2002-08-22 · resigned 2002-08-22

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
outstanding	Co-operative Bank The Co-Operative Bank P.L.C	A registered charge	1 property	28/10/2022	—
outstanding	Co-operative Bank The Co-Operative Bank P.I.C.	A registered charge	1 property	28/10/2022	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	14/09/2015	16/09/2021
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	14/09/2015	16/09/2021
satisfied	Svenska Handelsbanken Ab (Publ)	Deed of legal mortgage	1 property	09/01/2013	16/09/2015
satisfied	Svenska Handelsbanken Ab (Publ)	Mortgage debenture	1 property	09/01/2013	16/09/2015
satisfied	HSBC Hsbc Bank PLC	Debenture	1 property	21/05/2005	27/12/2012
satisfied	Lloyds Banking Group Lloyds Tsb Bank PLC	Debenture	1 property	12/08/2003	18/08/2008

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (86 total)

accounts-with-accounts-type-small

accounts · AA

2026-04-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-10-09

accounts-with-accounts-type-small

accounts · AA

2025-02-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-23

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-04-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-03-24

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2022-11-07

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2022-11-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-10-03

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-02-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-09-22

mortgage-satisfy-charge-full

mortgage · MR04

2021-09-16

mortgage-satisfy-charge-full

mortgage · MR04

2021-09-16

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-04-23