BLUSEAL LIMITED

🌳Matureactive
05014005 · ltd · incorporated 2004-01-13
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 18.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
ALSO REGISTERED FOR
  • 43290Other construction installation
Investor take
Pursue
Active trading company with a 76-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 65/100. Strong seller-intent signal (83/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 18.6y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 18.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees504200

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 (29 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-12-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2023-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-12-19
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  9. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-09-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-09-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-01-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2018-12-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  15. 2018-12-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2018-12-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2018-12-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2016-03-08
    ➕
    SPENCER, David Arthur appointed
    director
  19. 2011-09-12
    🔒
    Charge registered #4
    Lender: Hsbc Bank PLC
  20. 2011-06-24
    🔒
    Charge registered #3
    Lender: Hsbc Invoice Finance (UK) Limited (the Security Holder)
  21. 2011-06-17
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  22. 2007-11-30
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  23. 2004-01-13
    🏢
    Company incorporated
    As BLUSEAL LIMITED
  24. 2004-01-13
    ➕
    SPENCER, Pauline Patricia appointed
    secretary
  25. 2004-01-13
    ➕
    SPENCER, Steven David appointed
    director
  26. 2004-01-13
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  27. 2004-01-13
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  28. 2004-01-13
    ➕
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director
  29. 2004-01-13
    ➖
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
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.
  • +Founder age: Director aged approximately 76 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
  • 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.)

Group structure

Bluseal (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bluseal (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
BLUSEAL LIMITED
This company · 05014005

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Bluseal (Holdings) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control30/11/2018
3 historic (ceased) PSCs
  • Mr Steven David Spencerceased 30/11/2018· 25-50% shares · 25-50% voting
  • Mr David Arthur Spencerceased 30/11/2018· 25-50% shares · 25-50% voting
  • Mrs Pauline Patricia Spencerceased 30/11/2018· 25-50% shares · 25-50% voting

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

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
Incorporated2004-01-13
Jurisdictionengland-wales
Primary SIC25990 — SIC 25990

Registered office

Unit P Blackpole Trading Estate East
Blackpole Road
Worcester
Worcestershire
WR3 8SG
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-27
Last: 2026-01-13

Officers (3 active · 2 resigned)

SPENCER, Pauline Patricia→
secretary · appointed 2004-01-13
View their other companies + combined net worth →
Active
SPENCER, David Arthur→
director · ~76y · appointed 2016-03-08
View their other companies + combined net worth →
Active
SPENCER, Steven David→
director · ~48y · appointed 2004-01-13
View their other companies + combined net worth →
Active
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 2004-01-13 · resigned 2004-01-13
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 2004-01-13 · resigned 2004-01-13
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
Legal assignment1 property12/09/2011—
outstanding
HSBC
Hsbc Invoice Finance (UK) Limited (the Security Holder)
Fixed charge on non-vesting debts and floating charge1 property24/06/2011—
outstanding
HSBC
Hsbc Bank PLC
Legal mortgage1 property17/06/2011—
outstanding
HSBC
Hsbc Bank PLC
Debenture1 property30/11/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (77 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-12-19
change-person-director-company-with-change-date
officers · CH01
2023-12-19
change-person-director-company-with-change-date
officers · CH01
2023-12-19
change-person-secretary-company-with-change-date
officers · CH03
2023-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-18