B & L FILLETING SERVICES LIMITED

🌳Matureactive
07682171 · ltd · incorporated 2011-06-24
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 Jul 2025
Net worth
£-16.5k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 10200
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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: Cash flow review and working-capital discipline. Cash down -100% 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 11.6y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 11.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £16,470
Very low cash
Cash position: £18
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£18
↓ 100% YoY
Net Worth
-£16k
↓ 4513% YoY
Current Assets
£64k
↑ 227% YoY
Current Liabilities
—
-£16k-£465£16k£32k£48k£64kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£-2.0k£206.0k
Current assets£63.6k£19.5k
Cash£18£19.5k
Debtors£63.5k—
Net assets£-16.5k£-357

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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-07-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-07-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-07-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-04-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2023-07-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-07-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2023-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-06-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2021-06-30
    🔓
    Charge satisfied #3
  15. 2021-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-04-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-01-18
    🔒
    Charge registered #3
    Lender: Aldermore Bank PLC
  20. 2017-08-04
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  21. 2014-10-13
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  22. 2011-06-24
    🏢
    Company incorporated
    As B & L FILLETING SERVICES LIMITED
  23. 2011-06-24
    ➕
    WILLIAMS, Lee David appointed
    director
  24. 2011-06-24
    ➕
    WILSON, Rebecca appointed
    director

Owner dependency

63/100
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.
  • +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Lee David Williams
Individual · British · DOB 01/1969 · age 57
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/07/2016
Miss Rebecca Wilson
Individual · British · DOB 12/1970 · age 56
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/07/2016

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
Incorporated2011-06-24
Jurisdictionengland-wales
Primary SIC10200 — SIC 10200

Registered office

C W G House,
Gallamore Lane
Market Rasen
LN8 3HA
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-27
Last: 2025-07-13

Officers (2 active · 0 resigned)

WILLIAMS, Lee David→
director · ~57y · appointed 2011-06-24
View their other companies + combined net worth →
Active
WILSON, Rebecca→
director · ~56y · appointed 2011-06-24
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Aldermore
Aldermore Bank PLC
A registered charge—18/01/201830/06/2021
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property04/08/2017—
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge—13/10/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (48 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-18
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-13