BULLET VENTURES LIMITED
Opportunity 77/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 6.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 | £915.3k | £893.2k |
| Current assets | £1.04M | £1.02M |
| Cash | £562.5k | £514.4k |
| Debtors | £121.2k | £46.0k |
| Net assets | £914.1k | £890.7k |
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
- • 1 mortgage
Corporate timeline (21 events)Click to expand
- 2026-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-04-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-21🔒Charge registered #2Lender: Php De Pelet
- 2025-04-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-29🔓Charge satisfied #1
- 2025-04-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-06📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-05-12🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2020-05-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-01-10📄capital-name-of-class-of-sharescapital · SH08
- 2019-01-09📄resolutionresolution · RESOLUTIONS
- 2018-12-29📄capital-allotment-sharescapital · SH01
- 2018-09-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2010-12-22🏢Company incorporatedAs BULLET VENTURES LIMITED
- 2010-12-22➕DE PELET, Thomas James Albert appointeddirector
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 16 years — deep operational knowledge concentrated in one person.
- +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.
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 16 years.
- secondaryStable-but-static management: Company is 16 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Thomas James Albert De Pelet Individual · British · DOB 07/1978 · age 48 | 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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Php De Pelet / Lsw De Pelet | A registered charge | 1 property | 21/04/2026 | — | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 12/05/2020 | 29/04/2025 |