BT MARINE PROPELLERS LIMITED

🌳Matureactive

04782255 · ltd · incorporated 2003-05-30

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 12.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 30990

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 12.5y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 12.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (3 active, 7 linked, 4 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

72 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	11	1100

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2025-08-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-13
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-06-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-02-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-11-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-11-02
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2016-06-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-08-26
🔓
Charge satisfied #1
2014-01-13
🔒
Charge registered #1
Lender: Barclays Bank PLC
2011-08-01
➕
HAMILTON, Marcelle June appointed
director
2011-02-21
➖
GARDINER, Andrew resigned
director
2006-02-10
➖
BASSETT, Christopher Richard Philip resigned
director
2005-02-01
➕
GARDINER, Andrew appointed
director
2004-04-06
➕
BASSETT, Christopher Richard Philip appointed
director
2003-05-30
🏢
Company incorporated
As BT MARINE PROPELLERS LIMITED
2003-05-30
➕
HAMILTON, Marcelle June appointed
secretary
2003-05-30
➕
TUDGE, Andrew Reginald appointed
director
2003-05-30
➕
SECRETARIAL APPOINTMENTS LIMITED appointed
corporate-nominee-secretary
2003-05-30
➖
SECRETARIAL APPOINTMENTS LIMITED resigned
corporate-nominee-secretary
2003-05-30
➕
CORPORATE APPOINTMENTS LIMITED appointed
corporate-nominee-director
2003-05-30
➖
CORPORATE APPOINTMENTS LIMITED resigned
corporate-nominee-director

Owner dependency

76/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

86/100

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.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Andrew Reginald Tudge Individual · British · DOB 07/1971 · age 55	50–75%	—	50-75% shares	06/04/2016
Mrs Marcelle June Hamilton Individual · British · DOB 08/1963 · age 63	25–50%	—	25-50% shares	30/05/2017

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 · Manufacturing · EX postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
AVESTIN LIMITED→ 10226036 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
BLACK SWAN PRINTERS (DAWLISH) LTD→ 05387107 · est 2005 · no financials extracted	—	—	—	—	21y	—	—
BRANDWOOD SASH LIMITED→ 03783115 · est 1999 · no financials extracted	—	—	—	—	26y	—	—
BRH FABRICATION LIMITED→ 15741393 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BROOK GUITARS LIMITED→ 10188614 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
BROOKRIDGE GROUP LTD→ 05948752 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
BROWHILL LIMITED→ 13192821 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
BROWN BROTHERS GROUP LIMITED→ 01756257 · est 1983 · no financials extracted	—	—	—	—	42y	—	—
BT MARINE COMPONENTS LTD→ 16644775 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BT MARINE PROPELLERS (UK) LIMITED→ 05711931 · est 2006 · no financials extracted	—	—	—	—	20y	—	—
BUCKLAND INDUSTRIES LTD→ 13344379 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
BUCKLAND TIMBER LIMITED→ 08468232 · est 2013 · no financials extracted	—	—	—	—	13y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated2003-05-30

Jurisdictionengland-wales

Primary SIC30990 — SIC 30990

Registered office

Propulsion Technology Centre

Black Swan Road

Dawlish

Devon

EX7 0GF

England

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-06-13

Last: 2026-05-30

Officers (3 active · 4 resigned)

HAMILTON, Marcelle June→

secretary · appointed 2003-05-30

View their other companies + combined net worth →

Active

HAMILTON, Marcelle June→

director · ~63y · appointed 2011-08-01

View their other companies + combined net worth →

Active

TUDGE, Andrew Reginald→

director · ~55y · appointed 2003-05-30

View their other companies + combined net worth →

Active

SECRETARIAL APPOINTMENTS LIMITED→

corporate-nominee-secretary · appointed 2003-05-30 · resigned 2003-05-30

Resigned

BASSETT, Christopher Richard Philip→

director · ~59y · appointed 2004-04-06 · resigned 2006-02-10

Resigned

GARDINER, Andrew→

director · ~54y · appointed 2005-02-01 · resigned 2011-02-21

Resigned

CORPORATE APPOINTMENTS LIMITED→

corporate-nominee-director · appointed 2003-05-30 · resigned 2003-05-30

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	HSBC Hsbc Bank PLC	A registered charge	1 property	02/11/2016	—
	satisfied	Barclays Barclays Bank PLC	A registered charge	—	13/01/2014	26/08/2014

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