BLACK BULL MANAGEMENT SERVICES LTD
🏛️Establishedactive
12475824 · ltd · incorporated 2020-02-21
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 5.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-47.5k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
1 live charge · oldest 5.7y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 5.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
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
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £47,482
Cash YoY
+49%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£17k
↑ 49% YoY
Net Worth
-£47k
↑ 5.1% YoY
Current Assets
£37k
↓ 40% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £720.2k | £756.3k |
| Current assets | £36.8k | £61.1k |
| Cash | £16.5k | £11.1k |
| Debtors | £6.3k | £31.9k |
| Net assets | £-47.5k | £-50.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2025-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-23📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-23📄change-person-director-company-with-change-dateofficers · CH01
- 2022-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-09📄change-person-director-company-with-change-dateofficers · CH01
- 2020-11-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-09-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-09-03🔒Charge registered #1Lender: Schupplus Beheer B.V.
- 2020-07-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-03-05📄change-person-director-company-with-change-dateofficers · CH01
- 2020-03-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-02-21🏢Company incorporatedAs BLACK BULL MANAGEMENT SERVICES LTD
- 2020-02-21➕GEERTZEMA, Nico appointeddirector
- 2020-02-21➕VAN BOECKEL, Hendrik appointeddirector
- 2020-02-21📄incorporation-companyincorporation · NEWINC
Owner dependency
63/100
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.
- +No director turnover: Company is 6 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 Nico Geertzema Individual · Dutch · DOB 11/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 21/02/2020 |
Mr Hendrik Van Boeckel Individual · Dutch · DOB 04/1983 · age 43 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 21/02/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Hospitality · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ANGECROFT CARAVAN PARK LIMITED→ 02924615 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| AS GOOD AS IT GETS COCKTAILS LIMITED→ 15977992 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BEADNELL HOTELS LIMITED→ 00503138 · est 1952 · no financials extracted | — | — | — | — | 74y | — | — |
| BERTRAMS WARKWORTH LIMITED→ 15130153 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BRIDGE COURT MANAGEMENT (BERWICK) LIMITED→ 02253925 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| CAFE @ MARSHALLS LIMITED→ 08623642 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| CAFE KINGDOM LIMITED→ 06878308 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| CAFÉ RECHARGE CIC→ SC636512 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| CAFEO4 LIMITED→ SC870964 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CAIRNGORM WILD FOOD LTD→ SC878081 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CASPIAN KEBAB HAWICK LTD→ SC605015 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| CASTLE WYND ENTERPRISES LTD→ SC842482 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2020-02-21
Jurisdictionengland-wales
Primary SIC55100 — Hotels and similar accommodation
Registered office
The Estate Office Hetton Steads
Lowick
Berwick Upon Tweed
Northumberland
TD15 2UL
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-16
Last: 2026-02-02
Officers (2 active · 0 resigned)
GEERTZEMA, Nico→
Activedirector · ~46y · appointed 2020-02-21
View their other companies + combined net worth →
VAN BOECKEL, Hendrik→
Activedirector · ~43y · appointed 2020-02-21
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Schupplus Beheer B.V. | A registered charge | 2 properties | 03/09/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (23 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-27
change-person-director-company-with-change-date
officers · CH01
2023-02-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-23
change-person-director-company-with-change-date
officers · CH01
2023-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-01
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-17
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-09