BLACKNESS MARINE LTD

🌳Matureactive
08532397 · ltd · incorporated 2013-05-16
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£174.6k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 33150
Sector: Manufacturing
ALSO REGISTERED FOR
  • 52101SIC 52101
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (63/100, director aged 75). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 9.9y

45/100
under pressure

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

  • · Oldest live charge is 9.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (4 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £174,649
Cash YoY
-21%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£119k
↓ 21% YoY
Net Worth
£175k
↑ 17% YoY
Current Assets
—
Current Liabilities
—
£0£35k£70k£105k£140k£175kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Cash£119.3k£151.2k
Net assets£174.6k£149.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 confirmation-statement
Last 180 days
4
filings
  • • 3 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-02-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-02-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-02-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-05-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-05-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-04-27
    📄
    memorandum-articles
    incorporation · MA
  15. 2018-04-23
    📄
    capital-name-of-class-of-shares
    capital · SH08
  16. 2018-04-17
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2016-08-23
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  18. 2013-05-16
    🏢
    Company incorporated
    As BLACKNESS MARINE LTD
  19. 2013-05-16
    ➕
    FRY, David Richard appointed
    director
  20. 2013-05-16
    ➕
    FRY, Marilyn Mary Jane, Mrs. appointed
    director
  21. 2013-05-16
    ➕
    FRY, Rebecca Claire appointed
    director
  22. 2013-05-16
    ➕
    FRY, Richard William appointed
    director
  23. 2013-05-16
    ➕
    FRY, Marilyn Jane appointed
    director
  24. 2013-05-16
    ➖
    FRY, Marilyn Jane resigned
    director

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 13 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Richard William Fry
Individual · British · DOB 01/1951 · age 75
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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 →
🔒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
Incorporated2013-05-16
Jurisdictionengland-wales
Primary SIC33150 — SIC 33150

Registered office

C/O Blackness Marine
Higher East Cornworthy Farm
Totnes
Devon
TQ9 7HQ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-30
Last: 2026-05-16

Officers (4 active · 1 resigned)

FRY, David Richard→
director · ~50y · appointed 2013-05-16
View their other companies + combined net worth →
Active
FRY, Marilyn Mary Jane, Mrs.→
director · ~72y · appointed 2013-05-16
View their other companies + combined net worth →
Active
FRY, Rebecca Claire→
director · ~47y · appointed 2013-05-16
View their other companies + combined net worth →
Active
FRY, Richard William→
director · ~75y · appointed 2013-05-16
View their other companies + combined net worth →
Active
FRY, Marilyn Jane→
director · ~72y · appointed 2013-05-16 · resigned 2013-05-16
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property23/08/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-19
change-person-director-company-with-change-date
officers · CH01
2026-02-26
change-person-director-company-with-change-date
officers · CH01
2026-02-25
change-person-director-company-with-change-date
officers · CH01
2026-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-31
change-person-director-company-with-change-date
officers · CH01
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-30
change-person-director-company-with-change-date
officers · CH01
2023-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-28