BIOFUEL EVOLUTION LTD
🏛️Establishedactive
10486024 · ltd · incorporated 2016-11-18
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£-46.2k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
ALSO REGISTERED FOR
- 38320SIC 38320
- 39000SIC 39000
- 72110Research and experimental development on biotechnology
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 72/100 (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 -96% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £46,217
Cash draining
Cash down 96% YoY
Cash YoY
-96%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£700
↓ 96% YoY
Net Worth
-£46k
↓ 39% YoY
Current Assets
£9k
↓ 51% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £-46.2k | £-33.2k |
| Current assets | £8.9k | £18.3k |
| Cash | £700 | £18.2k |
| Debtors | £8.2k | £100 |
| Net assets | £-46.2k | £-33.2k |
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 dissolution
Last 90 days
1
filing
- • 1 dissolution
Last 180 days
1
filing
- • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2026-06-06📄dissolution-application-strike-off-companydissolution · DS01
- 2025-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-19📄capital-alter-shares-subdivisioncapital · SH02
- 2024-03-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-08-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-11-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-07-29📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2019-10-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-08-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-12-07📄change-person-director-company-with-change-dateofficers · CH01
- 2018-12-07📄change-person-director-company-with-change-dateofficers · CH01
- 2018-07-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-11-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-11-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2016-11-18🏢Company incorporatedAs BIOFUEL EVOLUTION LTD
- 2016-11-18➕PATEL, Jaymish appointeddirector
- 2016-11-18➕PATEL, Viral appointeddirector
Owner dependency
71/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jaymish Patel Individual · British · DOB 07/1992 · age 34 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 18/11/2016 |
Mr Viral Patel Individual · British · DOB 09/1988 · age 38 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 18/11/2016 |
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
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| 3A'S CONSULTANTS LTD→ 15546896 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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| BCR UK LIMITED→ 06836430 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| BEEHIVE BIOPOWER (UK) LTD→ 12343058 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BEEHIVE VENTURES (UK) LTD→ 11723168 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BLBB CONSULTING LIMITED→ 10204273 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| BLUEFLAME (BRISTOL) LIMITED→ 09782250 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| BOLTTAS ENERGY EUROPE LTD→ 14464006 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2016-11-18
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110
Registered office
Union House
111 New Union Street
Coventry
CV1 2NT
England
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17
Officers (2 active · 0 resigned)
PATEL, Jaymish→
Activedirector · ~34y · appointed 2016-11-18
View their other companies + combined net worth →
PATEL, Viral→
Activedirector · ~38y · appointed 2016-11-18
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (31 total)
dissolution-application-strike-off-company
dissolution · DS01
2026-06-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-27
capital-alter-shares-subdivision
capital · SH02
2024-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-29
accounts-with-accounts-type-dormant
accounts · AA
2022-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-30
accounts-with-accounts-type-dormant
accounts · AA
2021-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-18
accounts-with-accounts-type-dormant
accounts · AA
2020-11-10