BAITWORKS LIMITED
💤Zombieactive
08989327 · ltd · incorporated 2014-04-10
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
£1.14M
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 47990Other retail sale not in stores, stalls or markets
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 73/100 (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: Cash flow review and working-capital discipline. Cash down -62% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 6.1y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,139,133
Cash draining
Cash down 62% YoY
Cash YoY
-62%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£109k
↓ 62% YoY
Net Worth
£1.1m
↑ 6.0% YoY
Current Assets
£291k
↓ 64% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £2.08M | £2.05M |
| Current assets | £290.7k | £813.8k |
| Cash | £108.6k | £287.0k |
| Debtors | £11.3k | £278.0k |
| Net assets | £1.14M | £1.08M |
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
0
filings
Last 90 days
3
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 capital
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 capital
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-05-08📄change-person-director-company-with-change-dateofficers · CH01
- 2026-04-07📄capital-allotment-sharescapital · SH01
- 2025-11-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-20📄memorandum-articlesincorporation · MA
- 2025-10-20📄capital-name-of-class-of-sharescapital · SH08
- 2025-10-20📄resolutionresolution · RESOLUTIONS
- 2025-10-17📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2024-11-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-17🔓Charge satisfied #2
- 2024-04-17🔓Charge satisfied #1
- 2023-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-14🔒Charge registered #5Lender: Lloyds Bank PLC
- 2022-11-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-10-16🔒Charge registered #4Lender: Lloyds Bank PLC
- 2020-10-09🔒Charge registered #3Lender: Lloyds Bank PLC
- 2020-07-07🔒Charge registered #2Lender: Barclays Security Trustee Limited
- 2020-06-04🔒Charge registered #1Lender: Barclays Security Trustee Limited
- 2019-08-21➖BRYANT, Derek resigneddirector
- 2015-09-16➕BRYANT, Derek appointeddirector
- 2014-04-10🏢Company incorporatedAs BAITWORKS LIMITED
- 2014-04-10➕BRYANT, Mark Derek 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Bryant Individual · British · DOB 03/1976 · age 50 | 50–75% | — | 50-75% shares | 11/04/2016 |
Miss Claire Lim-Newton Individual · British · DOB 03/1982 · age 44 | 25–50% | — | 25-50% shares | 22/11/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| APPLIED KNOWLEDGE AND TECHNOLOGY LIMITED→ 07114843 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
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| ASLAM HEALTHCARE LTD→ 14874806 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ATGEEKS LIMITED→ 10897676 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ATLAS AUTOMATION SYSTEMS LTD→ 15006079 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AURICWHOLESALE LTD→ 15861100 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BADASS TOOLS LIMITED→ 12518054 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| BARKER AND COMPANY (HOLDING) LIMITED→ 15980033 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BARKER AND COMPANY (TIMBER AGENTS) LIMITED→ 01901602 · est 1985 · no financials extracted | — | — | — | — | 41y | — | — |
| BARNES WILLIAMS (UK & FAR EAST) LIMITED→ 02479877 · est 1990 · no financials extracted | — | — | — | — | 36y | — | — |
| BARNWOOD AGENCIES LIMITED→ 07695582 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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
Incorporated2014-04-10
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade
Registered office
Unit 2 Waterview The Mallards
South Cerney Industrial Estate
Cirencester
Gloucestershire
GL7 5TQ
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-24
Last: 2026-04-10
Officers (1 active · 1 resigned)
BRYANT, Mark Derek→
Activedirector · ~50y · appointed 2014-04-10
View their other companies + combined net worth →
BRYANT, Derek→
Resigneddirector · ~77y · appointed 2015-09-16 · resigned 2019-08-21
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 2 properties | 14/09/2023 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 16/10/2020 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 09/10/2020 | — | |
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | 1 property | 07/07/2020 | 17/04/2024 | |
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | — | 04/06/2020 | 17/04/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-20
change-person-director-company-with-change-date
officers · CH01
2026-05-08
capital-allotment-shares
capital · SH01
2026-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-10
memorandum-articles
incorporation · MA
2025-10-20
capital-name-of-class-of-shares
capital · SH08
2025-10-20
resolution
resolution · RESOLUTIONS
2025-10-20
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-19