BANKSIDE DECOR LTD

💤Zombieactive
12540970 · ltd · incorporated 2020-03-31
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
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Turnover
year to Oct 2024
Net worth
£-1.45M
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 17240
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 80/100. 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: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 3.7y

35/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~3.7 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £1,453,324
Cash YoY
+9%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£59k
↑ 9.3% YoY
Net Worth
-£1.5m
↓ 31% YoY
Current Assets
£335k
↑ 8.0% YoY
Current Liabilities
-£1.5m-£1.1m-£738k-£380k-£23k£335kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£-1.42M£-1.07M
Current assets£334.8k£310.0k
Cash£58.9k£53.9k
Debtors£148.4k£118.4k
Net assets£-1.45M£-1.11M

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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2022-10-27
    🔒
    Charge registered #1
    Lender: Cynergy Business Finance Limited
  6. 2022-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-04-13
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  8. 2022-04-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-04-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2021-08-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2021-08-20
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2020-10-23
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2020-03-31
    🏢
    Company incorporated
    As BANKSIDE DECOR LTD
  14. 2020-03-31
    PANKIW, Stephen appointed
    director
  15. 2020-03-31
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Insignia Assets Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Insignia Assets Limited
Corporate parent · holds 75-100% shares
ultimate parent
BANKSIDE DECOR LTD
This company · 12540970

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Insignia Assets Limited
Corporate entity
75100%
75-100% shares21/10/2020
1 historic (ceased) PSC
  • Mr Stephen Pankiwceased 21/10/2020· 75-100% shares

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 →

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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
Incorporated2020-03-31
Jurisdictionengland-wales
Primary SIC17240 — SIC 17240

Registered office

Bankside House, Unit 7, Bankside Business Park
Coronation Street
Stockport
Cheshire
SK5 7PG
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-03-29
Last: 2026-03-15

Officers (1 active · 0 resigned)

PANKIW, Stephen
director · ~63y · appointed 2020-03-31
View their other companies + combined net worth →
Active

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
TypeProperties
outstanding
Cynergy Business Finance
Cynergy Business Finance Limited
A registered charge6 properties27/10/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (19 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-17
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-04-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-04-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-04-11
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-18
accounts-with-accounts-type-dormant
accounts · AA
2021-08-24