BDV SAPPHIRE LTD

🚨Distressedactive
09611501 · ltd · incorporated 2015-05-28
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Nov 2022
Net worth
£-469.8k
book net assets
Opportunity
60/100
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 60/100 (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: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 8.6y

15/100
under pressure

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

  • · Oldest live charge is 8.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (75/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
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 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth 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
46
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £469,782

Key financials

1 year extracted from filed iXBRL accounts
Cash
£2k
Net Worth
-£470k
Current Assets
£849k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2022-11-30
Total assets£-445.4k
Current assets£849.3k
Cash£1.6k
Debtors£847.7k
Net assets£-469.8k

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 (28 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-registered-office-address-applied
    address · RP05
  4. 2024-09-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  5. 2024-08-13
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2023-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-02-24
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  8. 2022-03-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-03-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-02-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2022-02-04
    BARNETT, Lorna Mary resigned
    director
  13. 2021-07-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2021-07-12
    🔒
    Charge registered #3
    Lender: Studfin LTD
  15. 2021-05-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-10-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2020-10-14
    🔓
    Charge satisfied #2
  18. 2020-02-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2019-10-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2019-10-31
    📄
    capital-allotment-shares
    capital · SH01
  21. 2019-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2019-01-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2018-05-16
    🔒
    Charge registered #2
    Lender: Security Trustee Services Limited
  24. 2018-05-16
    🔓
    Charge satisfied #1
  25. 2017-10-16
    🔒
    Charge registered #1
    Lender: Henslow Trading Limited
  26. 2015-06-01
    BARNETT, Lorna Mary appointed
    director
  27. 2015-05-28
    🏢
    Company incorporated
    As BDV SAPPHIRE LTD
  28. 2015-05-28
    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

75/100
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.

Red flags

2 high · 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: 2024-08-31

Confirmation statement overdue
high

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

Evidence: Next due: 2024-06-11

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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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
Incorporated2015-05-28
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

09611501 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH

Filing status

Accounts
Next due: 2024-08-31OVERDUE
Last made up to: 2022-11-30
Confirmation statement
Next due: 2024-06-11OVERDUE
Last: 2023-05-28

Officers (1 active · 1 resigned)

BARNETT, Nicholas Joseph
director · ~70y · appointed 2015-05-28
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

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Studfin
Studfin LTD
A registered charge1 property12/07/2021
satisfied
Security Trustee Services
Security Trustee Services Limited
A registered charge1 property16/05/201814/10/2020
satisfied
Henslow Trading
Henslow Trading Limited
A registered charge4 properties16/10/201716/05/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 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-registered-office-address-applied
address · RP05
2025-09-10
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-09-13
gazette-notice-compulsory
gazette · GAZ1
2024-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-02
change-account-reference-date-company-previous-extended
accounts · AA01
2023-02-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
termination-director-company-with-name-termination-date
officers · TM01
2022-02-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-18