BADGER OFFICE SUPPLIES LIMITED
🌳Matureactive
05802836 · ltd · incorporated 2006-05-02
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£384.9k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 46660
Sector: Wholesale & retail
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 80/100 (exceptional), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. 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 (65/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 20.0y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.0 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: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (5 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £384,947
Net assets shrinking
Down £90,754 YoY
Cash YoY
-30%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£83k
↓ 30% YoY
Net Worth
£385k
↓ 19% YoY
Current Assets
£2.0m
↑ 10% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £419.0k | £2.88M |
| Current assets | £1.98M | £1.79M |
| Cash | £83.5k | £119.5k |
| Debtors | £891.3k | £824.7k |
| Net assets | £384.9k | £475.7k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
- 2026-02-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-24🔒Charge registered #5Lender: H Unit C LTD
- 2025-07-15📄capital-name-of-class-of-sharescapital · SH08
- 2025-07-15📄resolutionresolution · RESOLUTIONS
- 2025-07-15📄memorandum-articlesincorporation · MA
- 2025-07-15📄capital-name-of-class-of-sharescapital · SH08
- 2025-07-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-07-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-05-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-18🔓Charge satisfied #4
- 2024-10-18🔓Charge satisfied #3
- 2024-10-18🔓Charge satisfied #2
- 2024-02-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-16➕HAINES, Charlotte Elizabeth, Dr appointeddirector
- 2024-02-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-09-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-21➖FITZGERALD, Douglas resigneddirector
- 2022-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-16➕FITZGERALD, Douglas appointeddirector
- 2010-11-29🔒Charge registered #4Lender: National Westminster Bank PLC
- 2010-05-01➕HAINES, Freda Maureen appointeddirector
- 2009-01-26🔒Charge registered #3Lender: National Westminster Bank PLC
- 2007-07-18🔒Charge registered #2Lender: National Westminster Bank PLC
- 2006-07-27🔒Charge registered #1Lender: Dennis Haines
- 2006-05-02🏢Company incorporatedAs BADGER OFFICE SUPPLIES LIMITED
- 2006-05-02➕HAINES, Dennis John appointedsecretary
- 2006-05-02➕HAINES, Dennis John appointeddirector
- 2006-05-02➕KITCHEN, Karl appointeddirector
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 77 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFamily succession underway: Not a takeover target — HAINES, Charlotte Elizabeth, Dr (same surname) appointed 2024-02-16. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
H Unit C Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
H Unit C Ltd
Corporate parent · holds 75-100% shares · board control
⬇
BADGER OFFICE SUPPLIES LIMITED
This company · 05802836
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
H Unit C Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 04/07/2025 |
2 historic (ceased) PSCs
- Mrs Freda Maureen Hainesceased 04/07/2025· 25-50% shares · 25-50% voting · trust interest
- Mr Dennis John Hainesceased 04/07/2025· 25-50% shares · 25-50% voting · trust interest
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 →Similar companies
Active · Wholesale & distribution · PR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A NEWTON PLANT LTD→ 11338421 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AL-REHMAN FABRICS UK LTD→ 15457951 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AZINA LIMITED→ 04363924 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| B&G FLEX LTD→ 14498957 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BAKA NORTH WESTERN LTD→ 15484956 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BAKHU LIMITED→ 06516270 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| BALLY-EMPIRE LIMITED→ 16506736 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BAMBER BRIDGE BATHROOMS LTD→ 13870351 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BAPP INDUSTRIAL SUPPLIES (PRESTON) LIMITED→ 03748114 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| BARBER PUMPS (SUPPLIES AND REPAIRS) LIMITED→ 01673009 · est 1982 · no financials extracted | — | — | — | — | 43y | — | — |
| BARCON HYGIENE LIMITED→ 16032584 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BARR PROPERTY SERVICES LTD→ 11691815 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2006-05-02
Jurisdictionengland-wales
Primary SIC46660 — SIC 46660
Registered office
Chandler House 7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH
England
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-05-16
Last: 2026-05-02
Officers (5 active · 1 resigned)
HAINES, Dennis John→
Activesecretary · appointed 2006-05-02
View their other companies + combined net worth →
HAINES, Charlotte Elizabeth, Dr→
Activedirector · ~39y · appointed 2024-02-16
View their other companies + combined net worth →
HAINES, Dennis John→
Activedirector · ~77y · appointed 2006-05-02
View their other companies + combined net worth →
HAINES, Freda Maureen→
Activedirector · ~76y · appointed 2010-05-01
View their other companies + combined net worth →
KITCHEN, Karl→
Activedirector · ~53y · appointed 2006-05-02
View their other companies + combined net worth →
FITZGERALD, Douglas→
Resigneddirector · ~41y · appointed 2017-06-16 · resigned 2023-07-21
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | H Unit C H Unit C LTD | A registered charge | 1 property | 24/07/2025 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 29/11/2010 | 18/10/2024 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 26/01/2009 | 18/10/2024 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 18/07/2007 | 18/10/2024 | |
| outstanding | Dennis Haines | Debenture | 1 property | 27/07/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (78 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-28
capital-name-of-class-of-shares
capital · SH08
2025-07-15
resolution
resolution · RESOLUTIONS
2025-07-15
memorandum-articles
incorporation · MA
2025-07-15
capital-name-of-class-of-shares
capital · SH08
2025-07-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-07-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-18