BAGS AND COVERS DIRECT LIMITED
💤Zombieactive
08952063 · ltd · incorporated 2014-03-21
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 Mar 2025
Net worth
£177.6k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 9.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £177,558
Net assets shrinking
Down £2,449 YoY
Cash YoY
+12%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£207k
↑ 12% YoY
Net Worth
£178k
↓ 1.4% YoY
Current Assets
£244k
↑ 14% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £245.0k | £255.3k |
| Current assets | £243.8k | £214.4k |
| Cash | £206.7k | £184.2k |
| Debtors | £18.4k | £9.0k |
| Net assets | £177.6k | £180.0k |
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
1
filing
- • 1 confirmation-statement
Last 90 days
6
filings
- • 3 persons-with-significant-control
- • 1 confirmation-statement
- • 1 mortgage
Last 180 days
12
filings
- • 5 persons-with-significant-control
- • 3 officers
- • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-05-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-05-13🔒Charge registered #3Lender: Karen Cartwright
- 2026-04-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-04-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-01➖CARTWRIGHT, Karen resigneddirector
- 2026-03-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-03-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-03-18📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-18📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-22📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-22📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-22📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-10🔒Charge registered #2Lender: Lloyds Bank PLC
- 2017-02-14🔒Charge registered #1Lender: Lloyds Bank PLC
- 2014-03-21🏢Company incorporatedAs BAGS AND COVERS DIRECT LIMITED
- 2014-03-21➕LAMBERT, Mark appointeddirector
- 2014-03-21➕CARTWRIGHT, Karen appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
58/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Bags And Covers Direct Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Bags And Covers Direct Holdings Limited
Corporate parent · holds 75-100% shares
⬇
BAGS AND COVERS DIRECT LIMITED
This company · 08952063
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Bags And Covers Direct Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 01/04/2026 |
2 historic (ceased) PSCs
- Mrs Karen Cartwrightceased 01/04/2026· 25-50% shares
- Mr Mark Lambertceased 01/04/2026· 25-50% shares · 25-50% voting · board control
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 →Similar companies
Active · Manufacturing · WF postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ALLBASE GROUP LTD→ 09611962 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ALTERNATE WORKS LIMITED→ 17076620 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ATKINSONS FENCING AND DECKING CENTRES LIMITED→ 05301959 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ATLANTIC PPE & WORKWEAR SOLUTIONS LTD→ 11587599 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ATTENDS HEALTHCARE LIMITED→ 06302122 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| AU GOLD BEDS LTD→ 12997499 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AUDEN FUNERAL SUPPLIES LIMITED→ 03816211 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| AWESOME BEDS LTD→ 16157770 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| B.B.R. GRAPHIC ENGINEERS (YORKSHIRE) LIMITED→ 01728112 · est 1983 · no financials extracted | — | — | — | — | 42y | — | — |
| BAHSON COLOUR PRINT LIMITED→ 03290770 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| BALIVENO FASHION HOUSE LTD→ 14650747 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BANANA MOON WORKSHOP LIMITED→ 06468058 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2014-03-21
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
C/O Bags And Covers Direct Limited
Thornes Lane Wharf
Wakefield
West Yorkshire
WF1 5RF
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-07-05
Last: 2026-06-21
Officers (1 active · 1 resigned)
LAMBERT, Mark→
Activedirector · ~45y · appointed 2014-03-21
View their other companies + combined net worth →
CARTWRIGHT, Karen→
Resigneddirector · ~54y · appointed 2014-03-21 · resigned 2026-04-01
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Karen Cartwright | A registered charge | 1 property | 13/05/2026 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 10/03/2017 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 14/02/2017 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (47 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-29
termination-director-company-with-name-termination-date
officers · TM01
2026-04-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-18
change-person-director-company-with-change-date
officers · CH01
2026-03-18
change-person-director-company-with-change-date
officers · CH01
2026-03-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-10