BLIGHLINE RETAIL LTD

💤Zombieactive
13123867 · ltd · incorporated 2021-01-11
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
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Turnover
year to Jan 2024
Net worth
£42.7k
book net assets
Opportunity
58/100
Worth a look
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What this business does
Primary activity: SIC 33190
Sector: Manufacturing
Investor take
Special-situation opportunity
Distressed manufacturing with salvageable qualities — special-situations priority.

Opportunity 58/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £42,659

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£43k
↑ 63% YoY
Current Assets
£23k
↓ 34% YoY
Current Liabilities
£0£9k£17k£26k£34k£43kJan 2023Jan 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-01-312023-01-31
Total assets£43.5k£27.1k
Current assets£23.0k£34.7k
Net assets£42.7k£26.2k

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
0
filings
Last 90 days
2
filings
  • 1 dissolution
  • 1 gazette
Last 180 days
2
filings
  • 1 dissolution
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-05-20
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-04-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-06-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-06-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-04-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2025-04-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2025-01-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2024-03-27
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2024-03-01
    RF SECRETARIES LIMITED resigned
    corporate-secretary
  11. 2024-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2023-04-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2023-03-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2022-12-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2021-01-13
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  16. 2021-01-12
    RF SECRETARIES LIMITED appointed
    corporate-secretary
  17. 2021-01-11
    🏢
    Company incorporated
    As BLIGHLINE RETAIL LTD
  18. 2021-01-11
    JAMES, Richard appointed
    director
  19. 2021-01-11
    📄
    incorporation-company
    incorporation · NEWINC

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 62 — 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 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-01-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-01-24

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Richard James
Individual · British · DOB 10/1964 · age 62
75100%
75–100%board control75-100% shares · 75-100% voting · board control11/01/2021

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated2021-01-11
Jurisdictionengland-wales
Primary SIC33190 — SIC 33190

Registered office

4 King William Road
Catcott
TA7 9HU
United Kingdom

Filing status

Accounts
Next due: 2026-01-31OVERDUE
Last made up to: 2024-01-31
Confirmation statement
Next due: 2026-01-24OVERDUE
Last: 2025-01-10

Officers (1 active · 1 resigned)

JAMES, Richard
director · ~62y · appointed 2021-01-11
View their other companies + combined net worth →
Active
RF SECRETARIES LIMITED
corporate-secretary · appointed 2021-01-12 · resigned 2024-03-01
Resigned

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

Recent filings (19 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-05-20
gazette-notice-compulsory
gazette · GAZ1
2026-04-21
change-person-director-company-with-change-date
officers · CH01
2025-06-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-23
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
gazette-notice-compulsory
gazette · GAZ1
2025-04-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-31
termination-secretary-company-with-name-termination-date
officers · TM02
2024-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03
gazette-filings-brought-up-to-date
gazette · DISS40
2023-03-02