BAGS SUSPENSION LTD
Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (70/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-10-31 |
|---|---|
| Total assets | £-2.3k |
| Current assets | £4.9k |
| Net assets | £-2.3k |
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
Corporate timeline (17 events)Click to expand
- 2025-06-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-30📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2025-01-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-28➕PAYNE, Matthew Stephen appointeddirector
- 2025-01-28➖PAYNE, Holly resigneddirector
- 2024-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-19➖PAYNE, Matthew Stephen resigneddirector
- 2023-06-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-28📄change-person-director-company-with-change-dateofficers · CH01
- 2022-11-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-04-29🏢Company incorporatedAs BAGS SUSPENSION LTD
- 2020-04-29➕PAYNE, Holly appointeddirector
- 2020-04-29➕PAYNE, Matthew Stephen appointeddirector
- 2020-04-29📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-05-13
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew Stephen Payne Individual · British · DOB 11/1988 · age 38 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 29/04/2020 |
Mrs Holly Payne Individual · British · DOB 05/1988 · age 38 | — | — | sig. influencesignificant influence | 29/04/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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8 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 (1 active · 2 resigned)
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