NEORION BIDCO LIMITED

🏛️Establishedactive

12699854 · ltd · incorporated 2020-06-26

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.

🔒Estimated value

—

Upgrade to see

Turnover

£319.7k

year to Dec 2023

Net worth

—

book net assets

Opportunity

73/100

Strong

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What this business does

Primary activity: Activities of other holding companies n.e.c.

Sector: Financial & insurance

ALSO REGISTERED FOR

82990Other business support service activities n.e.c.

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 5.5y

45/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 5.5 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (75/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

11 officers (3 active, 11 linked, 8 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

11 connected companies via shared directors

Filing history

42 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £14,346,613

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2023-12-31
Turnover	£319.7k
Gross profit	£319.7k
Operating profit	£-728.5k
Profit before tax	£14.35M
Average employees	300

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 officers

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2026-01-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-31
➖
STEEL, Andrew resigned
director
2025-08-05
📄
accounts-with-accounts-type-full
accounts · AA
2025-05-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-30
➖
O'BRIEN, Paul resigned
director
2024-07-02
📄
accounts-with-accounts-type-full
accounts · AA
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-26
➕
ADAM-OWEN, Kaylea appointed
director
2024-01-26
➕
O'BRIEN, Paul appointed
director
2023-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-27
📄
accounts-with-accounts-type-full
accounts · AA
2023-05-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-19
➕
PATERSON, Kevin appointed
director
2023-05-19
➖
MILNE, Michael resigned
director
2022-07-21
📄
accounts-with-accounts-type-full
accounts · AA
2022-03-15
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2021-08-24
📄
accounts-with-accounts-type-group
accounts · AA
2021-08-03
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-08-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-03-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-03-03
🔒
Charge registered #3
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire
2021-02-09
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-02-09
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-31
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2020-12-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-10
➖
GILBERT, Simon George resigned
director
2020-12-10
➕
MILNE, Michael appointed
director
2020-12-10
➕
STEEL, Andrew appointed
director
2020-12-10
🔒
Charge registered #2
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2020-12-10
🔒
Charge registered #1
Lender: Clydesdale Bank PLC
2020-12-08
➕
DEW, Richard appointed
director
2020-12-08
➖
A G SECRETARIAL LIMITED resigned
corporate-secretary
2020-12-08
➕
GILBERT, Simon George appointed
director
2020-12-08
➖
HART, Roger resigned
director
2020-12-08
➖
A G SECRETARIAL LIMITED resigned
corporate-director
2020-12-08
➖
INHOCO FORMATIONS LIMITED resigned
corporate-director
2020-06-26
🏢
Company incorporated
As NEORION BIDCO LIMITED
2020-06-26
➕
A G SECRETARIAL LIMITED appointed
corporate-secretary
2020-06-26
➕
HART, Roger appointed
director
2020-06-26
➕
A G SECRETARIAL LIMITED appointed
corporate-director
2020-06-26
➕
INHOCO FORMATIONS LIMITED appointed
corporate-director

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

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

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

🏛️

Neorion Topco Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

NEORION BIDCO LIMITED

This company · 12699854

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%

Name	Shares	Voting rights	Nature of control	Notified
Neorion Topco Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	08/12/2020

1 historic (ceased) PSC

Inhoco Formations Limitedceased 08/12/2020· 75-100% shares · 75-100% voting · board control

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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24 EDITH GROVE FREEHOLD LIMITED→ 10852518 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
25 LANSDOWNE ROAD (FH) LIMITED→ 04968339 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
25 LANSDOWNE ROAD (LH) NUMBER 2 LIMITED→ 04968338 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
26 CRAVEN ST.RTM COMPANY LIMITED→ 07576025 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
27 DERBY STREET RTM COMPANY LIMITED→ 12039492 · est 2019 · no financials extracted	—	—	—	—	6y	—	—

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

Incorporated2020-06-26

Jurisdictionengland-wales

Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

41 Bedford Square

London

WC1B 3HX

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-07-09

Last: 2025-06-25

Officers (3 active · 8 resigned)

ADAM-OWEN, Kaylea→

director · ~47y · appointed 2024-01-26

View their other companies + combined net worth →

Active

DEW, Richard→

director · ~46y · appointed 2020-12-08

View their other companies + combined net worth →

Active

PATERSON, Kevin→

director · ~39y · appointed 2023-05-19

View their other companies + combined net worth →

Active

A G SECRETARIAL LIMITED→

corporate-secretary · appointed 2020-06-26 · resigned 2020-12-08

Resigned

GILBERT, Simon George→

director · ~56y · appointed 2020-12-08 · resigned 2020-12-10

Resigned

HART, Roger→

director · ~55y · appointed 2020-06-26 · resigned 2020-12-08

Resigned

MILNE, Michael→

director · ~56y · appointed 2020-12-10 · resigned 2023-05-19

Resigned

O'BRIEN, Paul→

director · ~57y · appointed 2024-01-26 · resigned 2025-04-30

Resigned

STEEL, Andrew→

director · ~64y · appointed 2020-12-10 · resigned 2025-12-31

Resigned

A G SECRETARIAL LIMITED→

corporate-director · appointed 2020-06-26 · resigned 2020-12-08

Resigned

INHOCO FORMATIONS LIMITED→

corporate-director · appointed 2020-06-26 · resigned 2020-12-08

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire	A registered charge	—	03/03/2021	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	10/12/2020	—
outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	10/12/2020	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (42 total)

termination-director-company-with-name-termination-date

officers · TM01

2026-01-05

accounts-with-accounts-type-full

accounts · AA

2025-08-05

confirmation-statement-with-updates

confirmation-statement · CS01

2025-07-07

termination-director-company-with-name-termination-date

officers · TM01

2025-05-20

accounts-with-accounts-type-full

accounts · AA

2024-07-02

confirmation-statement-with-updates

confirmation-statement · CS01

2024-06-26

appoint-person-director-company-with-name-date

officers · AP01

2024-02-12

appoint-person-director-company-with-name-date

officers · AP01

2024-02-12

change-person-director-company-with-change-date

officers · CH01

2023-10-10

accounts-with-accounts-type-full

accounts · AA

2023-06-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-06-26

appoint-person-director-company-with-name-date

officers · AP01

2023-05-30

termination-director-company-with-name-termination-date

officers · TM01

2023-05-30

accounts-with-accounts-type-full

accounts · AA

2022-07-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-06-28