2 BLUE WINE BARS LIMITED
Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · oldest 21.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Average employees | 800 | 2200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 accounts
Corporate timeline (27 events)Click to expand
- 2026-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-01-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-01-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-01-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-01-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-01-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-11-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-01-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-10-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-11-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-09-11➖GILES, Christopher resignedsecretary
- 2012-09-11➖GILES, Christopher resigneddirector
- 2004-11-25🔒Charge registered #2Lender: Scottish Courage Limited
- 2004-11-25🔒Charge registered #1Lender: Scottish Courage Limited
- 2004-04-29🏢Company incorporatedAs 2 BLUE WINE BARS LIMITED
- 2004-04-29➕COMER, Alun Thomas appointeddirector
- 2004-04-29➕GILES, Christopher appointedsecretary
- 2004-04-29➕ABERGAN REED NOMINEES LIMITED appointedcorporate-nominee-secretary
- 2004-04-29➖ABERGAN REED NOMINEES LIMITED resignedcorporate-nominee-secretary
- 2004-04-29➕GILES, Christopher appointeddirector
- 2004-04-29➕ABERGAN REED LIMITED appointedcorporate-nominee-director
- 2004-04-29➖ABERGAN REED LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alun Thomas Comer Individual · British · DOB 03/1974 · age 52 | 75–100% | — | 75-100% shares | 22/10/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Scottish Courage Scottish Courage Limited | Debenture | 1 property | 25/11/2004 | — | |
| outstanding | Scottish Courage Scottish Courage Limited | Legal charge | 1 property | 25/11/2004 | — |