GREATBAY LIMITED
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -62% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
1 live charge · oldest 19.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £756.3k | £331.5k |
| Current assets | £1.16M | £1.04M |
| Cash | £111.1k | £294.1k |
| Debtors | £700.4k | £449.4k |
| Net assets | £101.3k | £13.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
Corporate timeline (23 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-11📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2022-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-06📄resolutionresolution · RESOLUTIONS
- 2020-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-25📄capital-name-of-class-of-sharescapital · SH08
- 2019-05-02📄resolutionresolution · RESOLUTIONS
- 2019-04-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2006-09-12🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2005-05-24➖M W DOUGLAS & COMPANY LIMITED resignedcorporate-nominee-secretary
- 2005-05-24➖DOUGLAS NOMINEES LIMITED resignedcorporate-nominee-director
- 2005-05-23➕READ, Richard Michael appointedsecretary
- 2005-05-23➕LANGDON, Andrew William appointeddirector
- 2005-05-23➕READ, Richard Michael appointeddirector
- 2005-04-29🏢Company incorporatedAs GREATBAY LIMITED
- 2005-04-29➕M W DOUGLAS & COMPANY LIMITED appointedcorporate-nominee-secretary
- 2005-04-29➕DOUGLAS NOMINEES LIMITED appointedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 21 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
cleanGroup structure
Qubic Trustees Ltd holds 25-50% — a significant corporate investor but not a controlling parent.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Qubic Trustees Ltd Corporate entity | 25–50% | — | 25-50% shares | 04/04/2019 |
Mr Andrew William Langdon Individual · English · DOB 04/1971 · age 55 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Richard Michael Read Individual · English · DOB 08/1967 · age 59 | 25–50% | — | 25-50% shares | 06/04/2016 |
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.
See pricing →Similar companies
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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 →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 (3 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 12/09/2006 | — |