BIOFUEL ENERGY LTD
Opportunity 76/100 (strong), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -94% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
1 live charge · oldest 1.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 1.5 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £883.4k | £1.40M |
| Current assets | £361.7k | £516.3k |
| Cash | £2.4k | £42.8k |
| Debtors | £319.6k | £392.4k |
| Net assets | £249.8k | £-5.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (30 events)Click to expand
- 2025-10-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-25🔓Charge satisfied #1
- 2025-01-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-08➕LAKE, Phoebe appointeddirector
- 2024-12-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-02🔒Charge registered #1Lender: Finbiz Funding Limited
- 2024-11-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-30📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2024-04-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-12-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-21📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2022-10-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-10-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-10-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-10-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-10-19📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-09-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-08➖GLYNN, Claire Jane resigneddirector
- 2022-09-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-11➖LAKE ENERGY HOLDINGS LTD resignedcorporate-director
- 2022-01-01➕LAKE, Andrew Paul appointeddirector
- 2021-07-30🏢Company incorporatedAs BIOFUEL ENERGY LTD
- 2021-07-30➕GLYNN, Claire Jane appointeddirector
- 2021-07-30➕LAKE ENERGY HOLDINGS LTD appointedcorporate-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 65 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
No meaningful acquirability indicators from public data.
- primaryFamily succession underway: Not a takeover target — LAKE, Phoebe (same surname) appointed 2025-01-08. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanGroup structure
2 corporate shareholders identified. Group structure is distributed.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Lake Energy Holdings Ltd Corporate entity | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 03/11/2022 |
Ft Management Consultants Limited Corporate entity | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 03/11/2022 |
4 historic (ceased) PSCs
- Mr Aidan Kevin Taitceased 03/11/2022· 25-50% shares · 25-50% voting · board control
- Mr Andrew Paul Lakeceased 03/11/2022· 50-75% shares · 50-75% voting · board control
- Lake Energy Holdings Ltdceased 01/10/2022· 75-100% shares · 75-100% voting · board control
- Ft Management Consultants Limitedceased 01/10/2022· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (2 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Finbiz Funding Finbiz Funding Limited | A registered charge | 1 property | 02/12/2024 | 25/06/2025 |