BDV ATLANTIC LTD

💤Zombieactive
08950792 · ltd · incorporated 2014-03-20
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Jan 2023
Net worth
book net assets
Opportunity
57/100
Worth a look
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 57/100 (worth a look), bankability 37/100. Strong seller-intent signal (73/100, director aged 70). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 10.0y

15/100
under pressure

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

  • · Oldest live charge is 10.0 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
57/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
38
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
-£258k£60k£378k£696k£1.0m£1.3mJan 2022Jan 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-01-312022-01-31
Total assets£-225.5k
Current assets£1.33M
Cash£3.7k
Debtors£1.33M
Net assets£-258.0k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-09-10
    📍
    default-companies-house-service-address-applied-psc
    address · RP10
  2. 2025-09-10
    📍
    default-companies-house-service-address-applied-officer
    address · RP09
  3. 2025-09-10
    📍
    default-companies-house-service-address-applied-officer
    address · RP09
  4. 2025-09-10
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  5. 2024-06-25
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  6. 2024-06-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2023-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-03-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-03-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2022-02-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2022-02-04
    BARNETT, Lorna Mary resigned
    director
  13. 2021-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-05-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2021-05-13
    🔓
    Charge satisfied #3
  16. 2021-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-10-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2019-10-31
    📄
    capital-allotment-shares
    capital · SH01
  19. 2019-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-01-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2018-10-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2018-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2018-10-19
    🔒
    Charge registered #4
    Lender: Connection Capital LLP
  24. 2017-11-09
    🔓
    Charge satisfied #2
  25. 2017-10-13
    🔒
    Charge registered #3
    Lender: Downing LLP
  26. 2017-09-27
    🔒
    Charge registered #2
    Lender: Simon Hall Daniel Graham
  27. 2017-07-12
    🔓
    Charge satisfied #1
  28. 2016-06-03
    🔒
    Charge registered #1
    Lender: Simon Niall Daniel Graham
  29. 2015-06-01
    BARNETT, Lorna Mary appointed
    director
  30. 2014-03-20
    🏢
    Company incorporated
    As BDV ATLANTIC LTD
  31. 2014-03-20
    BARNETT, Nicholas appointed
    secretary
  32. 2014-03-20
    BARNETT, Nicholas Joseph appointed
    director

Owner dependency

90/100
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 70 — succession pressure is live.

Succession & seller-readiness

83/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 12 years.

Red flags

2 high · 1 med · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-10-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-04-03

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Multiple registered office changes
low

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Nicholas Joseph Barnett
Individual · Irish · DOB 09/1956 · age 70
75100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Mrs Lorna Mary Barnettceased 04/02/2022· 25-50% shares

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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16520393 · est 2025 · no financials extracted
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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2014-03-20
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

08950792 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH

Filing status

Accounts
Next due: 2024-10-31OVERDUE
Last made up to: 2023-01-31
Confirmation statement
Next due: 2024-04-03OVERDUE
Last: 2023-03-20

Officers (2 active · 1 resigned)

BARNETT, Nicholas
secretary · appointed 2014-03-20
View their other companies + combined net worth →
Active
BARNETT, Nicholas Joseph
director · ~70y · appointed 2014-03-20
View their other companies + combined net worth →
Active
BARNETT, Lorna Mary
director · ~69y · appointed 2015-06-01 · resigned 2022-02-04
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Connection Capital
Connection Capital LLP
A registered charge1 property19/10/2018
satisfied
Downing
Downing LLP
A registered charge2 properties13/10/201713/05/2021
satisfied
Simon Hall Daniel Graham / Gareth David Graham / Brian Edward Graham / Claire Ann Mallon
A registered charge27/09/201709/11/2017
satisfied
Simon Niall Daniel Graham / Gareth David Graham / Brian Edward Graham / Claire Ann Mallon
A registered charge1 property03/06/201612/07/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (47 total)

default-companies-house-service-address-applied-psc
address · RP10
2025-09-10
default-companies-house-service-address-applied-officer
address · RP09
2025-09-10
default-companies-house-service-address-applied-officer
address · RP09
2025-09-10
default-companies-house-registered-office-address-applied
address · RP05
2025-09-10
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-06-25
gazette-notice-compulsory
gazette · GAZ1
2024-06-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-11
termination-director-company-with-name-termination-date
officers · TM01
2022-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-14