BULMAN'S REMOVALS & STORAGE LTD

💤Zombieactive
12239263 · ltd · incorporated 2019-10-02
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-34.2k
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 49420Removal services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (78/100)

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

Company profile
address, 2 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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £34,181

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£34k
↓ 15% YoY
Current Assets
£5k
↓ 39% YoY
Current Liabilities
-£34k-£26k-£17k-£9k-£327£8kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£-34.2k£-28.4k
Current assets£5.0k£8.1k
Net assets£-34.2k£-29.7k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-09-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-09-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-09-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-07-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-07-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2025-07-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-07-07
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  9. 2024-07-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-09-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-10-11
    BULMAN, Mark Andrew appointed
    director
  12. 2022-10-11
    BULMAN, Claire resigned
    director
  13. 2022-10-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2022-10-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2022-10-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2022-10-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2022-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2022-07-12
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  19. 2021-09-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2020-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2020-08-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  22. 2020-08-12
    BULMAN, Mark Andrew resigned
    director
  23. 2020-01-20
    BULMAN, Claire appointed
    director
  24. 2019-10-02
    🏢
    Company incorporated
    As BULMAN'S REMOVALS & STORAGE LTD
  25. 2019-10-02
    BULMAN, Mark Andrew 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 name in company name: Company name contains director surname "BULMAN" — strong identity link between founder and business.

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

1 med · 1 low
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-07-07: certificate-change-of-name-company

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 Mark Andrew Bulman
Individual · British · DOB 01/1972 · age 54
75100%
75-100% shares02/10/2019
2 historic (ceased) PSCs
  • Mrs Claire Bulmanceased 11/10/2022· 75-100% shares · 75-100% voting · board control
  • Mr Mark Andrew Bulmanceased 12/08/2020· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2019-10-02
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

24 Bridge Street
Taunton
Somerset
TA1 1UB
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11

Officers (1 active · 2 resigned)

BULMAN, Mark Andrew
director · ~54y · appointed 2022-10-11
View their other companies + combined net worth →
Active
BULMAN, Claire
director · ~55y · appointed 2020-01-20 · resigned 2022-10-11
Resigned
BULMAN, Mark Andrew
director · ~54y · appointed 2019-10-02 · resigned 2020-08-12
Resigned

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

Recent filings (33 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-25
change-person-director-company-with-change-date
officers · CH01
2025-09-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-08
change-person-director-company-with-change-date
officers · CH01
2025-07-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-08
certificate-change-of-name-company
change-of-name · CERTNM
2025-07-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-16
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-11