BDC02 LTD

🏛️Establishedactive
12970871 · ltd · incorporated 2020-10-23
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
Upgrade to see
Turnover
year to Oct 2024
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · oldest 0.5y

50/100
clean up first

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

  • · Newest facility, 0.5 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Oct 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
Average employees200

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
3
filings
  • 3 mortgage
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-01-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-01-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-01-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-01-12
    🔒
    Charge registered #3
    Lender: Lloyds Bank PLC
  5. 2026-01-12
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  6. 2026-01-12
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  7. 2025-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-09-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-08-30
    BOND, David Jacob appointed
    director
  10. 2024-07-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2024-01-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2023-07-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2022-07-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2021-10-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  15. 2021-08-06
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2021-04-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2020-10-23
    🏢
    Company incorporated
    As BDC02 LTD
  18. 2020-10-23
    BOND, Birute, Dr. appointed
    director
  19. 2020-10-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +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 ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-01-12: A registered charge; 2026-01-12: A registered charge; 2026-01-12: A registered charge

Group structure

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

🏛️
Bond Dentistry Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BDC02 LTD
This company · 12970871

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
Bond Dentistry Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/10/2020

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
Incorporated2020-10-23
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

37 Castle Street
Salisbury
SP1 1TT
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-07-26
Last: 2025-07-12

Officers (2 active · 0 resigned)

BOND, Birute, Dr.
director · ~41y · appointed 2020-10-23
View their other companies + combined net worth →
Active
BOND, David Jacob
director · ~43y · appointed 2024-08-30
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property12/01/2026
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property12/01/2026
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property12/01/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (18 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-25
appoint-person-director-company-with-name-date
officers · AP01
2024-09-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-12
change-person-director-company-with-change-date
officers · CH01
2024-07-12
accounts-with-accounts-type-dormant
accounts · AA
2024-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
accounts-with-accounts-type-dormant
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-09
accounts-with-accounts-type-dormant
accounts · AA
2022-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-10-19