BB PROPERTIES NEWARK LTD
💤Zombieactive
09343656 · ltd · incorporated 2014-12-05
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 Dec 2024
Net worth
£85.1k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 69/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
16 live charges · 9 lenders · oldest 11.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.2 years old — likely at or near maturity.
- · 9 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
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £85,123
Very low cash
Cash position: £73
Net assets shrinking
Down £10,894 YoY
Cash draining
Cash down 97% YoY
Cash YoY
-97%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£73
↓ 97% YoY
Net Worth
£85k
↓ 11% YoY
Current Assets
£47k
↓ 82% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £1.13M | £1.09M |
| Current assets | £47.1k | £262.5k |
| Cash | £73 | £2.3k |
| Debtors | £47.0k | £125.4k |
| Net assets | £85.1k | £96.0k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
- 2025-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-16🔓Charge satisfied #8
- 2023-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-20🔓Charge satisfied #7
- 2023-11-20🔓Charge satisfied #6
- 2023-11-20🔓Charge satisfied #5
- 2023-11-20🔓Charge satisfied #4
- 2023-11-20🔓Charge satisfied #3
- 2023-11-02🔒Charge registered #16Lender: Tsb Bank PLC
- 2023-11-02🔒Charge registered #15Lender: Tsb Bank PLC
- 2023-11-02🔒Charge registered #14Lender: Tsb Bank PLC
- 2023-06-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-06🔒Charge registered #13Lender: Tsb Bank PLC
- 2023-06-06🔒Charge registered #12Lender: Tsb Bank PLC
- 2023-05-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-28🔒Charge registered #11Lender: Assured Financial Solutions UK LTD
- 2023-04-28🔒Charge registered #10Lender: Assured Financial Solutions UK LTD
- 2022-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-30🔒Charge registered #9Lender: Paratus Amc Limited
- 2021-06-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-28🔒Charge registered #8Lender: Allica Bank Limited
- 2020-07-30🔒Charge registered #7Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2020-07-30🔒Charge registered #6Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yokshire Bank)
- 2020-05-22🔒Charge registered #5Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2019-03-12➖CARPENTER, Heather Lorna resigneddirector
- 2018-06-04🔒Charge registered #4Lender: National Westminster Bank PLC
- 2015-07-02🔓Charge satisfied #2
- 2015-06-05🔒Charge registered #3Lender: National Westminster Bank PLC
- 2015-06-05🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2015-04-20🔒Charge registered #1Lender: National Westminster Bank PLC
- 2014-12-05🏢Company incorporatedAs BB PROPERTIES NEWARK LTD
- 2014-12-05➕CARPENTER, James Edward appointeddirector
- 2014-12-05➕CARPENTER, Heather Lorna 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
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
9 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr James Edward Carpenter Individual · British · DOB 01/1979 · age 47 | 75–100% | — | 75-100% 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 →Similar companies
Active · Property · LN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ALEX ALBONE LIMITED→ 11817996 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ALEXANDER REALTY LIMITED→ 15989266 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALFRED STREET LINCOLN MANAGEMENT COMPANY LIMITED→ 14793237 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALL LETTINGS LIMITED→ 13161716 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ALLENS CORPORATE ESTATES LTD→ 11069164 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ALMOND FINANCIAL PROPERTY HOLDINGS LTD→ 16421261 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALPHA GLASS (SOUTHEND) LIMITED→ 01377354 · est 1978 · no financials extracted | — | — | — | — | 47y | — | — |
| AMANAH PROPERTY VENTURES LTD→ 16099715 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AMEEVER PROPERTIES LIMITED→ 11581989 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AMESDALE LIMITED→ 03766328 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| AMG PROPERTY SERVICES LINCOLN LTD→ 15870948 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ANDREW KNOWLES PROPERTY INVESTMENT LIMITED→ 13717187 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2014-12-05
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
5 High Street
Brant Broughton
Lincoln
LN5 0QX
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-17
Last: 2025-11-03
Officers (1 active · 1 resigned)
CARPENTER, James Edward→
Activedirector · ~47y · appointed 2014-12-05
View their other companies + combined net worth →
CARPENTER, Heather Lorna→
Resigneddirector · ~74y · appointed 2014-12-05 · resigned 2019-03-12
Click a director name to see their full track record across all companies.
Mortgages & charges
16
Total charges
9
Outstanding
4
Active lenders
Status:Lender:16 of 16 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Tsb Bank PLC | A registered charge | 1 property | 02/11/2023 | — | |
| outstanding | Lloyds Banking Group Tsb Bank PLC | A registered charge | 1 property | 02/11/2023 | — | |
| outstanding | Lloyds Banking Group Tsb Bank PLC | A registered charge | 1 property | 02/11/2023 | — | |
| outstanding | Lloyds Banking Group Tsb Bank PLC | A registered charge | — | 06/06/2023 | — | |
| outstanding | Lloyds Banking Group Tsb Bank PLC | A registered charge | — | 06/06/2023 | — | |
| outstanding | Assured Financial Solutions UK Assured Financial Solutions UK LTD | A registered charge | 1 property | 28/04/2023 | — | |
| outstanding | Assured Financial Solutions UK Assured Financial Solutions UK LTD | A registered charge | 1 property | 28/04/2023 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 30/09/2021 | — | |
| satisfied | Allica Bank Allica Bank Limited | A registered charge | 1 property | 28/06/2021 | 16/02/2024 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | 1 property | 30/07/2020 | 20/11/2023 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yokshire Bank) | A registered charge | 1 property | 30/07/2020 | 20/11/2023 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 22/05/2020 | 20/11/2023 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 04/06/2018 | 20/11/2023 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 05/06/2015 | 20/11/2023 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 05/06/2015 | 02/07/2015 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 20/04/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (52 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-28
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-20
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-20
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-20
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-20
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-20