BIFF TRADING LIMITED

🌳Matureactive
06640026 · ltd · incorporated 2008-07-08
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 Mar 2025
Net worth
£-32.0k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: medium (79/100)

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 (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £31,974
Low leverage
Liabilities are -100% of total assets — room for debt financing
Net assets shrinking
Down £42,402 YoY
Leverage
-100%
Liabilities / Total assets
Cash YoY
+2%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£23k
↑ 2.3% YoY
Net Worth
-£32k
↓ 407% YoY
Current Assets
£32k
↓ 35% YoY
Current Liabilities
—
-£32k-£16k£344£17k£33k£49kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£32.7k£26.6k
Current assets£32.0k£48.8k
Cash£22.8k£22.3k
Debtors£9.2k£26.5k
Net assets£-32.0k£10.4k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-03-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-03-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-10-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-10-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-10-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-10-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-09-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2020-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-12-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2019-06-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2018-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-12-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2011-01-28
    ➖
    AUCKLAND, Shane resigned
    secretary
  19. 2011-01-28
    ➖
    AUCKLAND, Shane resigned
    director
  20. 2008-07-08
    🏢
    Company incorporated
    As BIFF TRADING LIMITED
  21. 2008-07-08
    ➕
    KIRWAN, Leigh appointed
    director
  22. 2008-07-08
    ➕
    SIEBERT, Olaf appointed
    director
  23. 2008-07-08
    ➕
    AUCKLAND, Shane appointed
    secretary
  24. 2008-07-08
    ➕
    AUCKLAND, Shane appointed
    director

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Leigh Kirwan
Individual · British · DOB 08/1978 · age 48
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Olaf Siebert
Individual · British · DOB 10/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2008-07-08
Jurisdictionengland-wales
Primary SIC62090 — Other information technology service activities

Registered office

5 Farrington Crescent
Lincoln
LN6 0YG
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-22
Last: 2025-07-08

Officers (2 active · 2 resigned)

KIRWAN, Leigh→
director · ~48y · appointed 2008-07-08
View their other companies + combined net worth →
Active
SIEBERT, Olaf→
director · ~55y · appointed 2008-07-08
View their other companies + combined net worth →
Active
AUCKLAND, Shane→
secretary · appointed 2008-07-08 · resigned 2011-01-28
Resigned
AUCKLAND, Shane→
director · ~45y · appointed 2008-07-08 · resigned 2011-01-28
Resigned

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

Recent filings (63 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-19
change-person-director-company-with-change-date
officers · CH01
2025-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-22
change-person-director-company-with-change-date
officers · CH01
2024-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-12
change-person-director-company-with-change-date
officers · CH01
2022-10-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-12