BATH STUDENT RENTALS LTD
🏛️Establishedactive
11801626 · ltd · incorporated 2019-02-01
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.09M
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. Strong seller-intent signal (60/100, director aged 79). 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 (73/100).
🏦
Refinance opportunity
16 live charges · 9 lenders · oldest 7.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.1 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)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
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
48 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
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £1,086,376
Net assets shrinking
Down £66,338 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£1.1m
↓ 5.8% YoY
Current Assets
£452k
↓ 22% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £4.22M | £4.25M |
| Current assets | £451.7k | £581.6k |
| Net assets | £1.09M | £1.15M |
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
1
filing
- • 1 mortgage
Last 90 days
2
filings
- • 2 mortgage
Last 180 days
5
filings
- • 2 mortgage
- • 2 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
- 2026-06-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-06-18🔒Charge registered #16Lender: Topaz Finance Limited, Trading as Zephyr Homeloans
- 2026-06-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-06-10🔒Charge registered #15Lender: Onesavings Bank PLC Trading as Rely Mortgages
- 2026-04-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-04-01➕FRY, David Gordon appointeddirector
- 2026-03-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-13➖FRY, David Gordon resigneddirector
- 2026-01-12📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-12📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-16🔒Charge registered #14Lender: Colcap Financial UK Limited, Trading as Molo
- 2025-01-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-01-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-01-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-03-11📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-03-11📄legacycapital · SH20
- 2024-03-11📄resolutionresolution · RESOLUTIONS
- 2024-03-11⚠️legacyinsolvency · CAP-SS
- 2023-12-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-26🔒Charge registered #13Lender: Charter Court Financial Services Limited, Trading as Precise Mortgages
- 2023-06-26🔒Charge registered #12Lender: Charter Court Financial Services Limited, Trading as Precise Mortgages
- 2023-06-26🔒Charge registered #11Lender: Charter Court Financial Services Limited, Trading as Precise Mortgages
- 2021-11-22🔒Charge registered #10Lender: Paratus Amc Limited
- 2021-06-18🔒Charge registered #9Lender: Lendinvest Btl Limited
- 2021-06-18🔒Charge registered #8Lender: Lendinvest Btl Limited
- 2021-06-18🔒Charge registered #7Lender: Lendinvest Btl Limited
- 2019-06-19🔒Charge registered #6Lender: Charter Court Financial Services Limited T/a Precise Mortgages
- 2019-06-19🔒Charge registered #5Lender: Charter Court Financial Services Limited (T/a Precise Mortgages)
- 2019-06-19🔒Charge registered #4Lender: Charter Court Financial Services Limited (T/a Precise Mortgages)
- 2019-06-19🔒Charge registered #3Lender: Charter Court Financial Services Limited (T/a Precise Mortgages)
- 2019-06-19🔒Charge registered #2Lender: Charter Court Financial Services Limited (T/a Precise Mortgages)
- 2019-06-19🔒Charge registered #1Lender: Keystone Property Finance Limited
- 2019-02-01🏢Company incorporatedAs BATH STUDENT RENTALS LTD
- 2019-02-01➕FRY, Susan appointeddirector
- 2019-02-01➕FRY, David Gordon appointeddirector
Owner dependency
73/100
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.
- +Founder age: Director aged approximately 79 — succession pressure is live.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high · 1 low1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-03-11: legacy
16 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Gordon Fry Individual · British · DOB 05/1947 · age 79 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/02/2019 |
Mrs Susan Fry Individual · British · DOB 10/1952 · age 74 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/02/2019 |
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 · BA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AVALON MOTOR SERVICES LIMITED→ 02297309 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| BAKER PROPERTY RENTALS LIMITED→ 14069559 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BANWELL HOUSE PROPERTY LIMITED→ 11361812 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BATH HOSTING LIMITED→ 13991381 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BATH ROOFING INVESTMENTS LIMITED→ 16598319 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BATH SIGNATURE HOLIDAYS LTD→ 17102627 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BATH STONE PROPERTY LIMITED→ 06662877 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| BATHWICK VISTA LIMITED→ 12750979 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BATMINK PROPERTIES LIMITED→ 05951325 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| BATTERSEA PARK PROPERTIES LTD→ 12117539 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BAUMANN WORKS LTD→ 14748086 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BAVAN PROPERTIES LTD→ 16378577 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2019-02-01
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
43 Newbridge Road
Bath
BA1 3HF
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31
Officers (2 active · 1 resigned)
FRY, David Gordon→
Activedirector · ~79y · appointed 2026-04-01
View their other companies + combined net worth →
Active
FRY, David Gordon→
Resigneddirector · ~79y · appointed 2019-02-01 · resigned 2026-03-13
Click a director name to see their full track record across all companies.
Mortgages & charges
16
Total charges
16
Outstanding
7
Active lenders
Status:Lender:16 of 16 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Topaz Finance , Trading as Zephyr Homeloans Topaz Finance Limited, Trading as Zephyr Homeloans | A registered charge | 1 property | 18/06/2026 | — | |
| outstanding | Onesavings Bank Trading as Rely Mortgages Onesavings Bank PLC Trading as Rely Mortgages | A registered charge | 1 property | 10/06/2026 | — | |
| outstanding | Molo Finance Colcap Financial UK Limited, Trading as Molo | A registered charge | 1 property | 16/01/2025 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited, Trading as Precise Mortgages | A registered charge | 1 property | 26/06/2023 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited, Trading as Precise Mortgages | A registered charge | 3 properties | 26/06/2023 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited, Trading as Precise Mortgages | A registered charge | 3 properties | 26/06/2023 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 22/11/2021 | — | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 18/06/2021 | — | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 2 properties | 18/06/2021 | — | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 2 properties | 18/06/2021 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited T/a Precise Mortgages | A registered charge | 1 property | 19/06/2019 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited (T/a Precise Mortgages) | A registered charge | 1 property | 19/06/2019 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited (T/a Precise Mortgages) | A registered charge | 1 property | 19/06/2019 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited (T/a Precise Mortgages) | A registered charge | 1 property | 19/06/2019 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited (T/a Precise Mortgages) | A registered charge | 1 property | 19/06/2019 | — | |
| outstanding | Keystone Property Finance Keystone Property Finance Limited | A registered charge | 1 property | 19/06/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (48 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-11
appoint-person-director-company-with-name-date
officers · AP01
2026-04-11
termination-director-company-with-name-termination-date
officers · TM01
2026-03-20
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-04
change-person-director-company-with-change-date
officers · CH01
2026-01-12
change-person-director-company-with-change-date
officers · CH01
2026-01-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-20
change-person-director-company-with-change-date
officers · CH01
2025-01-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-14