BN & MH LTD

🌿Early-stageactive
14338796 · ltd · incorporated 2022-09-06
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 Sept 2024
Net worth
£204.9k
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: SIC 13921
Sector: Manufacturing
ALSO REGISTERED FOR
  • 68100Buying and selling of own real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · 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: medium (78/100)

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

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
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
Network not yet resolved
30
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £204,880
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£205k
↑ 105% YoY
Current Assets
£191k
↓ 13% YoY
Current Liabilities
£0£44k£88k£132k£176k£220kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£248.2k£103.2k
Current assets£191.1k£220.5k
Cash£147.0k
Debtors£73.4k
Net assets£204.9k£99.7k

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
1
filing
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-01-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-12-12
    🔒
    Charge registered #1
    Lender: Streambank PLC
  3. 2025-11-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-11-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-11-27
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  6. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2025-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-11-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-06-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-09-06
    🏢
    Company incorporated
    As BN & MH LTD
  11. 2022-09-06
    HILL, Mary appointed
    director
  12. 2022-09-06
    NICHOLLS, Barrie appointed
    director
  13. 2022-09-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 low
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 Barrie William Nicholls
Individual · British · DOB 02/1962 · age 64
2550%
25–50%25-50% shares · 25-50% voting06/09/2022
Miss Mary Hill
Individual · British · DOB 12/1964 · age 62
2550%
25–50%25-50% shares · 25-50% voting06/09/2022

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

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
Incorporated2022-09-06
Jurisdictionengland-wales
Primary SIC13921 — SIC 13921

Registered office

Unit 48 Faraday Mill Business Park Faraday Road
Cattedown
Plymouth
Devon
PL4 0ST
United Kingdom

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-07-31
Last: 2025-07-17

Officers (2 active · 0 resigned)

HILL, Mary
director · ~62y · appointed 2022-09-06
View their other companies + combined net worth →
Active
NICHOLLS, Barrie
director · ~64y · appointed 2022-09-06
View their other companies + combined net worth →
Active

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
TypeProperties
outstanding
Streambank
Streambank PLC
A registered charge1 property12/12/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (12 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-27
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-11-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-16
incorporation-company
incorporation · NEWINC
2022-09-06