BT LETTINGS LTD
🏛️Establishedactive
13118903 · ltd · incorporated 2021-01-07
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
1 live charge · oldest 0.0y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 0.0 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-01-31 | 2024-01-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 mortgage
Last 90 days
1
filing
- • 1 mortgage
Last 180 days
1
filing
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-07-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-07-01🔒Charge registered #1Lender: Cumberland Building Society
- 2025-10-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-10-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-07-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-07-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-07-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-07-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-04✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2023-12-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-30➕BULMAN, Sam appointeddirector
- 2023-11-30➖TIBBETTS, Brian resigneddirector
- 2023-11-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-11-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-11-30📄capital-allotment-sharescapital · SH01
- 2023-11-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-11-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-11-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-04-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-03-02➕TIBBETTS, Brian appointeddirector
- 2021-03-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-01-07🏢Company incorporatedAs BT LETTINGS LTD
- 2021-01-07➕TIBBETTS, Christopher appointedsecretary
- 2021-01-07➕TIBBETTS, Christopher Mark appointeddirector
- 2021-01-07📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Sam Bulman Individual · British · DOB 10/1987 · age 39 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/11/2023 |
Mr Christopher Mark Tibbetts Individual · British · DOB 03/1991 · age 35 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 07/01/2021 |
1 historic (ceased) PSC
- Mr Sam Bulmanceased 30/11/2023· 25-50% shares · 25-50% 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 →Similar companies
Active · Property · CA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BC DEVELOPMENTS GROUP LTD→ 15622045 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BRANDAL HOME INVESTMENTS LIMITED→ 12951429 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BRANTWOOD PROPERTY (CUMBRIA) LTD→ 16000849 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BRICKOLINI LTD→ 13150737 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BROWN RICE PROPERTY LIMITED→ 14029290 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BROWNELSON PROPERTIES LTD→ 04245892 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| BRUNSWICK APARTMENTS LIMITED→ 05459921 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| BUCHANAN PROPERTY DEVELOPMENTS (CUMBRIA) LIMITED→ 15664088 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CA4 PROPERTIES LTD→ 16459717 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CA5 ESTATES LTD→ 16516522 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CAIRN BECK MANAGEMENT LIMITED→ 11134345 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CAIRN MILL RTM COMPANY LIMITED→ 07791702 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2021-01-07
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
Hillhouse
Curthwaite
Wigton
Cumbria
CA7 8BG
United Kingdom
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-20
Last: 2026-01-06
Officers (3 active · 1 resigned)
TIBBETTS, Christopher→
Activesecretary · appointed 2021-01-07
View their other companies + combined net worth →
Active
TIBBETTS, Christopher Mark→
Activedirector · ~35y · appointed 2021-01-07
View their other companies + combined net worth →
TIBBETTS, Brian→
Resigneddirector · ~70y · appointed 2021-03-02 · resigned 2023-11-30
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Cumberland Building Society | A registered charge | 1 property | 01/07/2026 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (24 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-15
accounts-with-accounts-type-dormant
accounts · AA
2025-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-08
accounts-with-accounts-type-dormant
accounts · AA
2024-10-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-20
certificate-change-of-name-company
change-of-name · CERTNM
2023-12-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-11-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-11-30
capital-allotment-shares
capital · SH01
2023-11-30