BILKEY AND BRAY LIMITED

🌳Matureactive

08088939 · ltd · incorporated 2012-05-30

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 13.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: SIC 35110

Sector: Electricity, gas & energy

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 13.4y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 13.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

31 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Average employees	2	200

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (19 events)Click to expand

2025-12-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-01-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-07-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-07-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-01-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-07-06
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-15
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-11-30
🔒
Charge registered #1
Lender: Lloyds Tsb Bank PLC
2012-05-30
🏢
Company incorporated
As BILKEY AND BRAY LIMITED
2012-05-30
➕
BRAY, Michelle Louise appointed
director
2012-05-30
➕
BRAY, Richard John appointed
director

Owner dependency

86/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder name in company name: Company name contains director surname "BRAY" — strong identity link between founder and business.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 14 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 14 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No 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
Mr Richard John Bray Individual · British · DOB 07/1974 · age 52	25–50%	—	25-50% shares	14/07/2017
Mrs Michelle Louise Bray Individual · British · DOB 06/1970 · age 56	25–50%	—	25-50% shares	06/04/2016

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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4WARD GROUP LTD→ 11009548 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
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B&G WASTE REMOVAL LTD→ 16846708 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BOSTRAZE RECYCLING LIMITED→ 11731961 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
BOSWIDDLE WATER MANAGEMENT COMPANY LIMITED→ 09312540 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
BRAYDON MANOR COMMUNITY SOLAR C.I.C.→ 09228612 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
BRYANT ELECTRICAL ENGINEERS LTD→ 06780490 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
BURNHAM AND WESTON ENERGY CIC→ 10994773 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
BY THE BAY SERVICES LIMITED→ 15064854 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
CARNON VALLEY TRANSPORT LIMITED→ 01126849 · est 1973 · no financials extracted	—	—	—	—	52y	—	—
CHARLESTON RESTORATION LTD→ 13914967 · est 2022 · no financials extracted	—	—	—	—	4y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2012-05-30

Jurisdictionengland-wales

Primary SIC35110 — SIC 35110

Registered office

Long Close House Grogarth Farm

Tregony

Truro

Cornwall

TR2 5UE

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-03-08

Last: 2026-02-22

Officers (2 active · 0 resigned)

BRAY, Michelle Louise→

director · ~56y · appointed 2012-05-30

View their other companies + combined net worth →

Active

BRAY, Richard John→

director · ~52y · appointed 2012-05-30

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group Lloyds Tsb Bank PLC	Debenture	1 property	30/11/2012	—

Click column headers to sort. Use filters above to narrow by status and lender.