BRAVE NEW SPIRITS LTD

🏛️Establishedactive
12802464 · ltd · incorporated 2020-08-10
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
—
year to Aug 2024
Net worth
—
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: SIC 11010
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46342SIC 46342
Investor take
Pursue
Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (70/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 4.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Charge age ~4.6 years — mid-life; refi window approaching.
  • · 5 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: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 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
1 connected companies via shared directors
48
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
70/100Strong
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
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £554,386

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£1.7m£3.3m£5.0m£6.7m£8.3mAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31
Profit before tax£554.4k—
Cash—£49.0k
Net assets—£8.34M
Average employees2700—

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

5 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
4
filings
  • • 4 mortgage
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-12-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2025-12-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-12-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-12-15
    🔓
    Charge satisfied #6
  5. 2025-12-15
    🔓
    Charge satisfied #5
  6. 2025-12-15
    🔓
    Charge satisfied #4
  7. 2025-11-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2025-11-05
    🔒
    Charge registered #8
    Lender: Ferovinum LTD
  9. 2025-08-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2025-06-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-06-01
    ➕
    MACLENNAN, Danny appointed
    director
  12. 2025-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2025-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2025-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2024-06-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2024-06-12
    🔒
    Charge registered #7
    Lender: Hsbc UK Bank PLC
  17. 2024-06-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2024-06-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2024-06-10
    🔓
    Charge satisfied #3
  20. 2024-06-10
    🔓
    Charge satisfied #2
  21. 2024-06-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2024-06-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2024-06-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2024-06-05
    🔒
    Charge registered #6
    Lender: Hsbc Invoice Finance (UK) Limited
  25. 2024-06-05
    🔒
    Charge registered #5
    Lender: Hsbc UK Bank PLC
  26. 2024-06-05
    🔒
    Charge registered #4
    Lender: Hsbc UK Bank PLC
  27. 2024-05-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  28. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  29. 2022-10-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  30. 2022-10-20
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  31. 2022-08-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  32. 2022-08-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  33. 2022-08-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  34. 2022-03-04
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  35. 2021-10-13
    🔒
    Charge registered #1
    Lender: Hsbc UK Bank PLC
  36. 2020-08-10
    🏢
    Company incorporated
    As BRAVE NEW SPIRITS LTD
  37. 2020-08-10
    ➕
    HOCHUL, Adam Andrzej appointed
    director

Owner dependency

63/100
High — earn-out structure required

Material 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 signal

Limited 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

1 med · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Adam Andrzej Hochul
Individual · Polish · DOB 06/1984 · age 42
25–50%
25–50%25-50% shares · 25-50% voting10/08/2020
Mr Alexander Springensguth
Individual · German · DOB 10/1974 · age 52
25–50%
25–50%25-50% shares · 25-50% voting10/08/2020

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
Incorporated2020-08-10
Jurisdictionengland-wales
Primary SIC11010 — SIC 11010

Registered office

Unit 254, Corinium House Barnwood Point Business Park
Corinium Avenue
Gloucester
GL4 3HX
England

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-20
Last: 2025-08-06

Officers (2 active · 0 resigned)

HOCHUL, Adam Andrzej→
director · ~42y · appointed 2020-08-10
View their other companies + combined net worth →
Active
MACLENNAN, Danny→
director · ~51y · appointed 2025-06-01
View their other companies + combined net worth →
Active

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

Mortgages & charges

8
Total charges
3
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Ferovinum
Ferovinum LTD
A registered charge—05/11/2025—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property12/06/2024—
satisfied
HSBC
Hsbc Invoice Finance (UK) Limited
A registered charge—05/06/202415/12/2025
satisfied
HSBC
Hsbc UK Bank PLC
A registered charge—05/06/202415/12/2025
satisfied
HSBC
Hsbc UK Bank PLC
A registered charge—05/06/202415/12/2025
satisfied
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge1 property20/10/202210/06/2024
satisfied
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—04/03/202210/06/2024
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property13/10/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (37 total)

mortgage-satisfy-charge-full
mortgage · MR04
2025-12-15
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-15
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-07
accounts-with-accounts-type-full
accounts · AA
2025-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
appoint-person-director-company-with-name-date
officers · AP01
2025-06-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-10
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-07