ALLAN BRIGHT & SON CHRIS SAW MILLS & TIMBER MERCHANT LIMITED

🌳Matureactive
05856510 · ltd · incorporated 2006-06-23
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
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Turnover
year to Jun 2025
Net worth
£-61.5k
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: SIC 02400
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £61,500

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£62k
↓ 17% YoY
Current Assets
£15k
↓ 62% YoY
Current Liabilities
-£62k-£41k-£21k-£891£19k£40kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£-24.1k£362
Current assets£15.2k£39.5k
Net assets£-61.5k£-52.8k

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
1
filing
  • 1 miscellaneous
Last 180 days
2
filings
  • 1 miscellaneous
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-05-01
    📄
    legacy
    miscellaneous · RP01PSC01
  2. 2026-03-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-03-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-03-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-03-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-07-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2017-07-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2017-06-26
    BRIGHT, Allan Henry Frank resigned
    director
  14. 2017-05-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-08-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-08-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-03-02
    BRIGHT, Angela appointed
    director
  19. 2015-03-02
    BRIGHT, Chris appointed
    director
  20. 2006-06-23
    🏢
    Company incorporated
    As ALLAN BRIGHT & SON CHRIS SAW MILLS & TIMBER MERCHANT LIMITED
  21. 2006-06-23
    BRIGHT, Angela appointed
    secretary
  22. 2006-06-23
    BRIGHT, Allan Henry Frank appointed
    director

Owner dependency

96/100
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.
  • +Founder name in company name: Company name contains director surname "BRIGHT" — strong identity link between founder and business.
  • +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

76/100
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 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-07-07

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Angela Bright
Individual · British · DOB 03/1949 · age 77
75100%
75-100% shares06/04/2016

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

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
Incorporated2006-06-23
Jurisdictionengland-wales
Primary SIC02400 — SIC 02400

Registered office

The Beacon, Old Chard Road
Monkton
Honiton
Devon
EX14 9NN

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-07OVERDUE
Last: 2025-06-23

Officers (3 active · 1 resigned)

BRIGHT, Angela
secretary · appointed 2006-06-23
View their other companies + combined net worth →
Active
BRIGHT, Angela
director · ~77y · appointed 2015-03-02
View their other companies + combined net worth →
Active
BRIGHT, Chris
director · ~55y · appointed 2015-03-02
View their other companies + combined net worth →
Active
BRIGHT, Allan Henry Frank
director · ~81y · appointed 2006-06-23 · resigned 2017-06-26
Resigned

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

Recent filings (48 total)

legacy
miscellaneous · RP01PSC01
2026-05-01
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-26