BLC LIMITED
💤Zombieactive
06973672 · ltd · incorporated 2009-07-27
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 Sept 2024
Net worth
£62.6k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Sawmilling and planing of wood
Sector: Manufacturing
ALSO REGISTERED FOR
- 16230Manufacture of other builders' carpentry and joinery
- 41201Construction of commercial buildings
- 41202Construction of domestic buildings
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (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).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 11.1y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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, 4 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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £62,587
Net assets shrinking
Down £13,043 YoY
Cash YoY
+29%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£41k
↑ 29% YoY
Net Worth
£63k
↓ 17% YoY
Current Assets
£372k
↑ 8.1% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £224.1k | £135.7k |
| Current assets | £371.9k | £344.1k |
| Cash | £40.8k | £31.6k |
| Debtors | £30.8k | £91.8k |
| Net assets | £62.6k | £75.6k |
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 (27 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-08-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-03-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-03-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-20➖WARING, Daniel John resigneddirector
- 2023-02-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-07-15🔓Charge satisfied #2
- 2021-07-12📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-12📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-11🔒Charge registered #3Lender: Art Share (Social Help Association for Reinvesting in Enterprise) Limited
- 2021-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-02-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-02-21🔒Charge registered #2Lender: Art Share (Social Help Association for Reinvesting in Enterprise) Limited
- 2020-02-20📄change-person-director-company-with-change-dateofficers · CH01
- 2015-06-25🔒Charge registered #1Lender: Mrrt Limited
- 2012-11-21➕CORDINGLEY, Martyn Peter appointeddirector
- 2009-07-27🏢Company incorporatedAs BLC LIMITED
- 2009-07-27➕CORDINGLEY, Gemma Louise appointedsecretary
- 2009-07-27➕WARING, Daniel John appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
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 14 years.
- secondaryStable-but-static management: Company is 17 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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Gemma Louise Cordingley Individual · English · DOB 12/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 17/04/2024 |
Mr Martyn Peter Cordingley Individual · British · DOB 06/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/03/2023 |
3 historic (ceased) PSCs
- Mrs Jane Emma Waringceased 01/03/2023· 25-50% shares · 25-50% voting
- Mr Daniel John Waringceased 21/02/2020· 25-50% shares
- Mrs Gemma Louise Cordingleyceased 13/08/2018· 25-50% shares
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 · SY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A.R. MANLEY & SON LIMITED→ 13091520 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ATHERTON BIKES LIMITED→ 11205194 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| B.T.F. POLYMERS LIMITED→ 05251178 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BENTLEY TIMBER FRAMES LIMITED→ 11183719 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| BESPOKE WELDING SOLUTIONS LTD→ 17068308 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BIMBLE INDUSTRIES LTD→ 14897497 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BIO FARM SERVICES LTD→ 16901270 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BLUE ZINC GROUP LTD→ 14557033 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BORDER AGRICULTURAL ENGINEERING LTD→ 15583962 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BORDER ENGINEERING & FABRICATION LIMITED→ 05283516 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BORDER HARDWOOD LIMITED→ 04228810 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| BORDER RESTORATION LTD→ 08723418 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2009-07-27
Jurisdictionengland-wales
Primary SIC16100 — Sawmilling and planing of wood
Registered office
Lowerwood View
Bushmoor
Church Stretton
Shropshire
SY7 8DW
England
Filing status
Accounts
Next due: 2026-09-29
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20
Officers (2 active · 1 resigned)
CORDINGLEY, Gemma Louise→
Activesecretary · appointed 2009-07-27
View their other companies + combined net worth →
CORDINGLEY, Martyn Peter→
Activedirector · ~46y · appointed 2012-11-21
View their other companies + combined net worth →
WARING, Daniel John→
Resigneddirector · ~44y · appointed 2009-07-27 · resigned 2023-02-20
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Art Share (Social Help Association for Reinvesting in Enterprise) Art Share (Social Help Association for Reinvesting in Enterprise) Limited | A registered charge | — | 11/07/2021 | — | |
| satisfied | Art Share (Social Help Association for Reinvesting in Enterprise) Art Share (Social Help Association for Reinvesting in Enterprise) Limited | A registered charge | — | 21/02/2020 | 15/07/2021 | |
| outstanding | Mrrt Mrrt Limited | A registered charge | — | 25/06/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (72 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-07
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-06-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-03-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-10
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-20
termination-director-company-with-name-termination-date
officers · TM01
2023-02-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-18