BUDGET CASES LIMITED
Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (76/100)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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey 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 | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total assets | £1.12M | £1.02M |
| Current assets | £1.38M | £1.24M |
| Cash | £507.0k | £457.1k |
| Debtors | £829.0k | £763.7k |
| Net assets | £1.10M | £1.00M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
Corporate timeline (36 events)Click to expand
- 2026-06-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-11-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-03-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-11-26📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-11-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-08-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-08-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-08-13➖BOWDEN, Dean Anthony resigneddirector
- 2023-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-10-04📄capital-cancellation-sharescapital · SH06
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-23📄capital-return-purchase-own-sharescapital · SH03
- 2022-01-31📄capital-return-purchase-own-sharescapital · SH03
- 2021-11-29📄capital-cancellation-sharescapital · SH06
- 2021-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-08-04➖GLOVER, Alan Jason resigneddirector
- 2015-07-03➖GLOVER, Keith Anthony resigneddirector
- 2015-06-22➕GLOVER, Alan Jason appointeddirector
- 2010-10-22➖GLOVER, Alan Jason resignedsecretary
- 2010-10-22➖GLOVER, Alan Jason resigneddirector
- 2010-03-22➕GLOVER, Keith Anthony appointeddirector
- 2006-10-30🏢Company incorporatedAs BUDGET CASES LIMITED
- 2006-10-30➕EARLEY, Andrew Thomas appointeddirector
- 2006-10-30➕GLOVER, Alan Jason appointedsecretary
- 2006-10-30➕HCS SECRETARIAL LIMITED appointedcorporate-nominee-secretary
- 2006-10-30➖HCS SECRETARIAL LIMITED resignedcorporate-nominee-secretary
- 2006-10-30➕BOWDEN, Dean Anthony appointeddirector
- 2006-10-30➕GLOVER, Alan Jason appointeddirector
- 2006-10-30➕HANOVER DIRECTORS LIMITED appointedcorporate-nominee-director
- 2006-10-30➖HANOVER DIRECTORS 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 20 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Cargo 2006 Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Cargo 2006 Group Limited Corporate entity | 75–100% | — | 75-100% shares · firm interest | 13/08/2024 |
3 historic (ceased) PSCs
- Mr Andrew Thomas Earleyceased 13/08/2024· significant influence
- Mr Dean Anthony Bowdenceased 13/08/2024· 25-50% shares · 25-50% voting · board control
- Mr Alan Jason Gloverceased 04/03/2022· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 · 7 resigned)
Click a director name to see their full track record across all companies.