BREATHE INSURANCE BROKERS LTD

⚰️Wound downliquidation
07818006 · ltd · incorporated 2011-10-20
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
year to Mar 2025
Net worth
£10.0k
book net assets
Opportunity
49/100
Watch
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What this business does
Primary activity: Activities of insurance agents and brokers
Sector: Financial & insurance
Investor take
Special-situation opportunity
Distressed financial-services with salvageable qualities — special-situations priority.

Opportunity 49/100 (watch), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (78/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £10,043
Net assets shrinking
Down £5,615 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£10k
↓ 36% YoY
Current Assets
£24k
↑ 32% YoY
Current Liabilities
£0£5k£10k£14k£19k£24kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£10.0k£15.7k
Current assets£24.2k£18.3k
Net assets£10.0k£15.7k

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
0
filings
Last 180 days
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-04-27
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  2. 2026-04-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-04-14
    ⚠️
    liquidation-voluntary-declaration-of-solvency
    insolvency · LIQ01
  4. 2026-04-14
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2025-10-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-12-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-12-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-12-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2011-10-20
    🏢
    Company incorporated
    As BREATHE INSURANCE BROKERS LTD
  17. 2011-10-20
    THOMAS, Karen Frances appointed
    director

Owner dependency

95/100
Critical — business is the founder

The 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 age: Director aged approximately 65 — succession pressure is live.
  • +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

2 high ·
Company in liquidation
high

Company is actively being wound up. Not a going concern.

2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-04-27: liquidation-voluntary-appointment-of-liquidator; 2026-04-14: liquidation-voluntary-declaration-of-solvency

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Karen Frances Thomas
Individual · British · DOB 04/1961 · age 65
75100%
75-100% shares07/12/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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

11 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.

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Company details

Statusliquidation
Typeltd
Incorporated2011-10-20
Jurisdictionengland-wales
Primary SIC66220 — Activities of insurance agents and brokers

Registered office

Cromwell House
Crusader Road
Lincoln
LN6 7YT

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-21
Last: 2025-12-07

Officers (1 active · 0 resigned)

THOMAS, Karen Frances
director · ~65y · appointed 2011-10-20
View their other companies + combined net worth →
Active

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

Recent filings (37 total)

liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2026-04-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-14
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2026-04-14
resolution
resolution · RESOLUTIONS
2026-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-22