BARRETTS INDUSTRIES LTD
💤Zombieactive
06220425 · ltd · incorporated 2007-04-20
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-4.8k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Manufacture of office and shop furniture
Sector: Manufacturing
ALSO REGISTERED FOR
- 31090Manufacture of other furniture
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 54). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -87% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 14.5y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 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
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
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 declaredNegative net assets
Liabilities exceed assets by £4,790
Net assets shrinking
Down £40,538 YoY
Cash draining
Cash down 87% YoY
Cash YoY
-87%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£7k
↓ 87% YoY
Net Worth
-£5k
↓ 113% YoY
Current Assets
£41k
↓ 55% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £4.4k | £51.6k |
| Current assets | £41.2k | £91.8k |
| Cash | £7.0k | £53.1k |
| Debtors | £24.2k | £27.7k |
| Net assets | £-4.8k | £35.7k |
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 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-15🔓Charge satisfied #3
- 2022-06-15🔓Charge satisfied #2
- 2022-05-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-05-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-02-07📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-03-30🔒Charge registered #3Lender: Barclays Bank PLC
- 2014-05-29🔒Charge registered #2Lender: Barclays Bank PLC
- 2011-12-22🔒Charge registered #1Lender: Simon Charles Barrett
- 2007-04-20🏢Company incorporatedAs BARRETTS INDUSTRIES LTD
- 2007-04-20➕BARRETT, Sally appointedsecretary
- 2007-04-20➕BARRETT, Simon Charles appointeddirector
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "BARRETT" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +No director turnover: Company is 19 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 19 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Simon Charles Barrett Individual · British · DOB 04/1972 · age 54 | 75–100% | — | 75-100% shares | 06/04/2016 |
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 · Manufacturing · AL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AMORRA LTD→ 16669559 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ANGLIAN ACCESS REPAIRS LTD→ 11936211 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| APRIL GL LIMITED→ 16388434 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ARTUR LIFTS SERVICES WITH MOUSTACHE LTD→ 16240001 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ASPAR PHARMACEUTICALS LIMITED→ 02658906 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| ATLAS LANDSCAPING SUPPLIES LTD→ 14749598 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ATLAS YACHTING LIMITED→ 13323596 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| B.J.R. SYSTEMS LIMITED→ 03400937 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| B.O.B. REALISATIONS LIMITED→ 01881804 · est 1985 · no financials extracted | — | — | — | — | 41y | — | — |
| BARE KNUCKLE BOXING MAGAZINE LTD→ 11483987 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BAULSH BESPOKES LIMITED→ 15956912 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BEDESCHI UK LTD→ 13076919 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2007-04-20
Jurisdictionengland-wales
Primary SIC31010 — Manufacture of office and shop furniture
Registered office
2 Adelaide Street
St. Albans
AL3 5BH
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-26
Last: 2026-04-12
Officers (2 active · 0 resigned)
Active
BARRETT, Simon Charles→
Activedirector · ~54y · appointed 2007-04-20
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 30/03/2015 | 15/06/2022 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 29/05/2014 | 15/06/2022 | |
| outstanding | Simon Charles Barrett | Debenture | 1 property | 22/12/2011 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (54 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-23
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-15
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-15
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-26