BK MANCHESTER LIMITED

💤Zombieactive
12716744 · ltd · incorporated 2020-07-03
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
£-14.0k
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — 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: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 5.8y

45/100
under pressure

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

  • · Oldest live charge is 5.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
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
10 connected companies via shared directors
75
Filing history
33 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 £13,960
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£14k
↑ 74% YoY
Current Assets
£895k
↑ 249% YoY
Current Liabilities
-£54k£136k£326k£515k£705k£895kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.01M£461.2k
Current assets£895.3k£256.2k
Net assets£-14.0k£-54.2k

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
1
filing
  • 1 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
3
filings
  • 1 accounts
  • 1 gazette
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-05-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-12-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-12-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-03-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2025-02-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2025-02-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2025-02-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-11-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-11-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2024-11-29
    BUCK, Daniel Charles appointed
    director
  11. 2024-11-29
    HAYCOX, Matthew David Norton resigned
    director
  12. 2024-07-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2024-07-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2023-12-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2023-12-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2023-12-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2023-12-01
    HAYCOX, Matthew David Norton appointed
    director
  18. 2023-12-01
    THICK, Stephen Robert resigned
    director
  19. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2022-08-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2022-08-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  22. 2022-05-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  23. 2021-09-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2021-09-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  25. 2020-08-28
    🔒
    Charge registered #1
    Lender: Huddle Spv 4 Limited
  26. 2020-07-03
    🏢
    Company incorporated
    As BK MANCHESTER LIMITED
  27. 2020-07-03
    THICK, Stephen Robert appointed
    director

Owner dependency

83/100
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 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • 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

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

🏛️
Bierkeller Assets Ltd
Corporate parent · holds 75-100% shares
ultimate parent
BK MANCHESTER LIMITED
This company · 12716744

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
Bierkeller Assets Ltd
Corporate entity
75100%
75-100% shares29/11/2024
2 historic (ceased) PSCs
  • Mr Matthew David Norton Haycoxceased 29/11/2024· 25-50% shares · 25-50% voting
  • Mr Stephen Robert Thickceased 01/12/2023· 25-50% shares · 25-50% voting

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

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 →
🔒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
Incorporated2020-07-03
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

11 Park Place
Leeds
West Yorkshire
LS1 2RX
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-04
Last: 2025-11-20

Officers (1 active · 2 resigned)

BUCK, Daniel Charles
director · ~58y · appointed 2024-11-29
View their other companies + combined net worth →
Active
HAYCOX, Matthew David Norton
director · ~46y · appointed 2023-12-01 · resigned 2024-11-29
Resigned
THICK, Stephen Robert
director · ~63y · appointed 2020-07-03 · resigned 2023-12-01
Resigned

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
Huddle Spv 4
Huddle Spv 4 Limited
A registered charge28/08/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (33 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-06
gazette-filings-brought-up-to-date
gazette · DISS40
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-15
gazette-notice-compulsory
gazette · GAZ1
2025-12-02
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-06
gazette-notice-compulsory
gazette · GAZ1
2025-02-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-02-05
termination-director-company-with-name-termination-date
officers · TM01
2025-02-05
appoint-person-director-company-with-name-date
officers · AP01
2024-11-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-10
termination-director-company-with-name-termination-date
officers · TM01
2023-12-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-12