BINARY STAR FILMS LIMITED
Opportunity 66/100 (strong), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).
Refinance opportunity
8 live charges · 8 lenders · oldest 8.8y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 8.8 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
Corporate timeline (34 events)Click to expand
- 2026-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-05-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-12-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-05📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2017-12-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-12-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-11-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-10-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-10-23🔒Charge registered #8Lender: Ellenglaze Films Limited
- 2017-10-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-10-10🔓Charge satisfied #1
- 2017-10-04➖HERD, Philip Daniel Oates resigneddirector
- 2017-10-04➖MORLEY, Carol Anne resigneddirector
- 2017-10-04🔒Charge registered #7Lender: The Wellcome Trust Limited (As Trustee of the Wellcome Trust)
- 2017-10-04🔒Charge registered #6Lender: Film Finances, Inc
- 2017-10-04🔒Charge registered #5Lender: LIP Sync Productions LLP
- 2017-10-04🔒Charge registered #4Lender: Gorean Films Limited
- 2017-10-04🔒Charge registered #3Lender: The British Film Institute
- 2017-10-02➕REED, Christopher David appointeddirector
- 2017-09-21🔒Charge registered #2Lender: British Broadcasting Corporation
- 2017-09-21🔒Charge registered #1Lender: The Electric Shadow Company Limited
- 2017-07-05🏢Company incorporatedAs BINARY STAR FILMS LIMITED
- 2017-07-05➕CANNON, Catherine Phillips appointeddirector
- 2017-07-05➕ROEG, Luc appointeddirector
- 2017-07-05➕HERD, Philip Daniel Oates appointeddirector
- 2017-07-05➕MORLEY, Carol Anne appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 high · 1 lowAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-18
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Ellenglaze Films Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ellenglaze Films Limited Corporate entity | 75–100% | — | 75-100% shares | 13/07/2020 |
Mr Luc Roeg Individual · British · DOB 01/1962 · age 64 | 25–50% | — | 25-50% shares | 05/07/2017 |
Ms Catherine Cannon Individual · United Kingdom · DOB 04/1957 · age 69 | 25–50% | — | 25-50% shares | 05/07/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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9 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 →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
Registered office
Filing status
Officers (3 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ellenglaze Films Ellenglaze Films Limited | A registered charge | 2 properties | 23/10/2017 | — | |
| outstanding | The Wellcome Trust (As Trustee of the Wellcome Trust) The Wellcome Trust Limited (As Trustee of the Wellcome Trust) | A registered charge | — | 04/10/2017 | — | |
| outstanding | Film Finances, Film Finances, Inc | A registered charge | — | 04/10/2017 | — | |
| outstanding | LIP Sync Productions LIP Sync Productions LLP | A registered charge | — | 04/10/2017 | — | |
| outstanding | Gorean Films Gorean Films Limited | A registered charge | 1 property | 04/10/2017 | — | |
| outstanding | The British Film Institute | A registered charge | — | 04/10/2017 | — | |
| outstanding | British Broadcasting Corporation | A registered charge | — | 21/09/2017 | — | |
| satisfied | The Electric Shadow Company The Electric Shadow Company Limited | A registered charge | 1 property | 21/09/2017 | 10/10/2017 |