BULKRES GROUP LIMITED

🚨Distressedactive
10770143 · ltd · incorporated 2017-05-15
Investment thesis
Distressed but structurally messy — likely a value trap without major surgery.
Why interesting: Headline may look cheap; sector may be recovering.
Why risky: Critical deal-killers in ownership or security; closing cost and post-deal clean-up likely to dominate.
🔒Estimated value
Upgrade to see
Turnover
year to May 2024
Net worth
£-2.2k
book net assets
Opportunity
54/100
Worth a look
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What this business does
Primary activity: SIC 38210
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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.

Data confidence

Overall: medium (71/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £2,193

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£2k
↓ 1669% YoY
Current Assets
Current Liabilities
-£2k-£2k-£1k-£952-£538-£124May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-312023-05-31
Net assets£-2.2k£-124

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • 1 dissolution
  • 1 gazette
Last 180 days
2
filings
  • 1 dissolution
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-05-15
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2024-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-07-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-12-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2021-12-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2021-12-08
    YANEV, Dimitar Ivanov appointed
    director
  10. 2021-12-08
    YANEVA, Borislava Kirilova resigned
    director
  11. 2021-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-06-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-03-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2017-05-15
    🏢
    Company incorporated
    As BULKRES GROUP LIMITED
  17. 2017-05-15
    YANEVA, Borislava Kirilova appointed
    director
  18. 2017-05-15
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material 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

45/100
Moderate signal

Some 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.

Red flags

2 high ·
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: 2026-02-28

Confirmation statement overdue
high

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

Evidence: Next due: 2026-07-08

🔒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

10 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.

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Company details

Statusactive
Typeltd
Incorporated2017-05-15
Jurisdictionengland-wales
Primary SIC38210 — SIC 38210

Registered office

294 Sherrard Road
London
E12 6UF
England

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-07-08OVERDUE
Last: 2025-06-24

Officers (1 active · 1 resigned)

YANEV, Dimitar Ivanov
director · ~49y · appointed 2021-12-08
View their other companies + combined net worth →
Active
YANEVA, Borislava Kirilova
director · ~45y · appointed 2017-05-15 · resigned 2021-12-08
Resigned

Click a director name to see their full track record across all companies.

Recent filings (23 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-05-15
gazette-notice-compulsory
gazette · GAZ1
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-22
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-14
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-10
termination-director-company-with-name-termination-date
officers · TM01
2021-12-10
appoint-person-director-company-with-name-date
officers · AP01
2021-12-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-23