BLUE FLAME (CORNWALL) LIMITED

🌳Matureactive
05224853 · ltd · incorporated 2004-09-07
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£458.3k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 33190
Sector: Manufacturing
ALSO REGISTERED FOR
  • 43210Electrical installation
  • 43220Plumbing, heat and air-conditioning installation
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 19.4y

15/100
under pressure

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

  • · Oldest live charge is 19.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

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, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
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 £458,266
Net assets shrinking
Down £503,684 YoY
Cash draining
Cash down 82% YoY
Cash YoY
-82%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£118k
↓ 82% YoY
Net Worth
£458k
↓ 52% YoY
Current Assets
£1.6m
↓ 13% YoY
Current Liabilities
—
£0£366k£732k£1.1m£1.5m£1.8mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£478.4k£988.1k
Current assets£1.60M£1.83M
Cash£118.4k£640.7k
Debtors£962.2k£617.0k
Net assets£458.3k£962.0k

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2025-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-10-01
    🔒
    Charge registered #3
    Lender: Lloyds Bank PLC
  5. 2024-04-07
    📄
    memorandum-articles
    incorporation · MA
  6. 2024-04-07
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2024-04-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2024-04-04
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  9. 2024-04-03
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2024-04-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2024-04-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-04-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2024-04-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2024-04-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2024-04-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-03-28
    ➕
    DENNISON, Matthew Kier appointed
    director
  17. 2024-03-28
    ➕
    DOE, Grant Paul appointed
    director
  18. 2024-03-28
    ➖
    BOLITHO, Anthony Mark resigned
    secretary
  19. 2024-03-28
    ➖
    BOLITHO, Anthony Mark resigned
    director
  20. 2024-03-28
    ➖
    BOLITHO, Deborah Anne resigned
    director
  21. 2024-03-28
    ➖
    SMITH, Deborah resigned
    director
  22. 2024-03-28
    ➖
    SMITH, Paul resigned
    director
  23. 2023-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2021-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2021-08-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  27. 2021-08-30
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  28. 2019-12-09
    ➕
    BOLITHO, Deborah Anne appointed
    director
  29. 2019-12-09
    ➕
    SMITH, Deborah appointed
    director
  30. 2019-09-10
    ➖
    FOXHALL, Simon James resigned
    director
  31. 2018-10-05
    🔓
    Charge satisfied #1
  32. 2016-03-23
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  33. 2012-01-01
    ➕
    FOXHALL, Simon James appointed
    director
  34. 2007-01-12
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  35. 2004-09-07
    🏢
    Company incorporated
    As BLUE FLAME (CORNWALL) LIMITED
  36. 2004-09-07
    ➕
    BOLITHO, Anthony Mark appointed
    secretary
  37. 2004-09-07
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  38. 2004-09-07
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  39. 2004-09-07
    ➕
    BOLITHO, Anthony Mark appointed
    director
  40. 2004-09-07
    ➕
    SMITH, Paul appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

Blue Flame (Cornwall) Trustees Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Blue Flame (Cornwall) Trustees Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
BLUE FLAME (CORNWALL) LIMITED
This company · 05224853

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
Blue Flame (Cornwall) Trustees Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control25/03/2024
2 historic (ceased) PSCs
  • Mr Paul Smithceased 02/09/2019· 25-50% shares · 25-50% voting
  • Mr Anthony Mark Bolithoceased 02/09/2019· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2004-09-07
Jurisdictionengland-wales
Primary SIC33190 — SIC 33190

Registered office

Energy House Parkengue
Kernick
Penryn
Cornwall
TR10 9EP

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-14
Last: 2025-08-31

Officers (2 active · 7 resigned)

DENNISON, Matthew Kier→
director · ~43y · appointed 2024-03-28
View their other companies + combined net worth →
Active
DOE, Grant Paul→
director · ~43y · appointed 2024-03-28
View their other companies + combined net worth →
Active
BOLITHO, Anthony Mark→
secretary · appointed 2004-09-07 · resigned 2024-03-28
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 2004-09-07 · resigned 2004-09-07
Resigned
BOLITHO, Anthony Mark→
director · ~63y · appointed 2004-09-07 · resigned 2024-03-28
Resigned
BOLITHO, Deborah Anne→
director · ~61y · appointed 2019-12-09 · resigned 2024-03-28
Resigned
FOXHALL, Simon James→
director · ~59y · appointed 2012-01-01 · resigned 2019-09-10
Resigned
SMITH, Deborah→
director · ~63y · appointed 2019-12-09 · resigned 2024-03-28
Resigned
SMITH, Paul→
director · ~65y · appointed 2004-09-07 · resigned 2024-03-28
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge—01/10/2024—
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property23/03/2016—
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property12/01/200705/10/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (81 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-25
memorandum-articles
incorporation · MA
2024-04-07
resolution
resolution · RESOLUTIONS
2024-04-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-04
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2024-04-04
termination-secretary-company-with-name-termination-date
officers · TM02
2024-04-03
termination-director-company-with-name-termination-date
officers · TM01
2024-04-03
termination-director-company-with-name-termination-date
officers · TM01
2024-04-03
termination-director-company-with-name-termination-date
officers · TM01
2024-04-03
termination-director-company-with-name-termination-date
officers · TM01
2024-04-03
appoint-person-director-company-with-name-date
officers · AP01
2024-04-03