BLOOCHIP LTD
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (78/100, director aged 65). 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 (73/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 13.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £382.5k | £485.6k |
| Current assets | £203.9k | £141.2k |
| Cash | £70.3k | £32.2k |
| Debtors | £98.3k | £86.6k |
| Net assets | £294.3k | £322.8k |
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 confirmation-statement
Corporate timeline (27 events)Click to expand
- 2026-01-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-01-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-01-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-01-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-12-05📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-01-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-01-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-08-09📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2019-07-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-07-27➖SCOTT, David Thomas resignedsecretary
- 2019-05-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-02-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2017-05-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-05-10🔓Charge satisfied #2
- 2016-04-16➖BLOOMER, Michael resignedsecretary
- 2016-04-16➕SCOTT, David Thomas appointedsecretary
- 2015-01-15🔒Charge registered #3Lender: Ultimate Invoice Finance LTD
- 2013-08-28🔓Charge satisfied #1
- 2013-02-20🔒Charge registered #2Lender: Sme Invoice Finance Limited
- 2012-09-14🔒Charge registered #1Lender: Lloyds Tsb Commercial Finance Limited
- 2012-04-18🏢Company incorporatedAs BLOOCHIP LTD
- 2012-04-18➕BLOOMER, Michael appointeddirector
- 2012-04-18➕BLOOMER, Michael appointedsecretary
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.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- 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 14 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Bloomer Individual · British · DOB 08/1961 · age 65 | 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.
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8 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 · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ultimate Invoice Finance Ultimate Invoice Finance LTD | A registered charge | 8 properties | 15/01/2015 | — | |
| satisfied | Sme Invoice Finance Sme Invoice Finance Limited | Debenture | 1 property | 20/02/2013 | 10/05/2017 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture | 1 property | 14/09/2012 | 28/08/2013 |