BE READY LTD

🚨Distressedactive
04855565 · ltd · incorporated 2003-08-04
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£-11.4k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 55/100. Strong seller-intent signal (65/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (78/100)

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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £11,411

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£11k
↓ 7.1% YoY
Current Assets
£14
↑ 600% YoY
Current Liabilities
—
-£11k-£9k-£7k-£5k-£2k£14Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-08-312023-08-31
Total assets£-11.4k£-10.7k
Current assets£14£2
Net assets£-11.4k£-10.7k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-08-04
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  4. 2023-08-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-08-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-08-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-08-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-08-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-05-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-05-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-06-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2017-06-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2003-08-07
    ➕
    BH21 LTD appointed
    corporate-secretary
  18. 2003-08-07
    ➕
    MITCHELL, Francis Hagan John appointed
    director
  19. 2003-08-07
    ➕
    MITCHELL, Tracy appointed
    director
  20. 2003-08-04
    🏢
    Company incorporated
    As BE READY LTD
  21. 2003-08-04
    ➕
    ONLINE CORPORATE SECRETARIES LIMITED appointed
    corporate-secretary
  22. 2003-08-04
    ➖
    ONLINE CORPORATE SECRETARIES LIMITED resigned
    corporate-secretary
  23. 2003-08-04
    ➕
    ONLINE NOMINEES LIMITED appointed
    corporate-director
  24. 2003-08-04
    ➖
    ONLINE NOMINEES LIMITED resigned
    corporate-director

Owner dependency

84/100
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
  • +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 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

71/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • 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.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-05-31

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Francis Hagan John Mitchell
Individual · British · DOB 02/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting06/04/2017
Mrs Tracy Mitchell
Individual · British · DOB 02/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2017

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 →

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13434436 · est 2021 · no financials extracted
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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
Incorporated2003-08-04
Jurisdictionengland-wales
Primary SIC49410 — Freight transport by road

Registered office

Forest Links Road
Ferndown
Dorset
BH22 9PH
England

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-07-21
Last: 2025-07-07

Officers (3 active · 2 resigned)

BH21 LTD→
corporate-secretary · appointed 2003-08-07
View their other companies + combined net worth →
Active
MITCHELL, Francis Hagan John→
director · ~60y · appointed 2003-08-07
View their other companies + combined net worth →
Active
MITCHELL, Tracy→
director · ~57y · appointed 2003-08-07
View their other companies + combined net worth →
Active
ONLINE CORPORATE SECRETARIES LIMITED→
corporate-secretary · appointed 2003-08-04 · resigned 2003-08-04
Resigned
ONLINE NOMINEES LIMITED→
corporate-director · appointed 2003-08-04 · resigned 2003-08-04
Resigned

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

Recent filings (74 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-07
change-corporate-secretary-company-with-change-date
officers · CH04
2023-08-04
change-person-director-company-with-change-date
officers · CH01
2023-08-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-02
change-person-director-company-with-change-date
officers · CH01
2023-08-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-05