BAY LAKES ACCOMMODATION LIMITED
Opportunity 71/100 (strong), bankability 70/100. 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).
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 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £100 | — |
| Current assets | £100 | — |
| Net assets | £100 | — |
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
Corporate timeline (11 events)Click to expand
- 2025-08-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-07-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-30📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-02-04📄gazette-notice-compulsorygazette · GAZ1
- 2024-08-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-11-17🏢Company incorporatedAs BAY LAKES ACCOMMODATION LIMITED
- 2022-11-17➕CORLESS, Christopher appointeddirector
- 2022-11-17➕CORLESS, Lynn appointeddirector
- 2022-11-17📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher Corless Individual · British · DOB 10/1975 · age 51 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 17/11/2022 |
Mrs Lynn Corless Individual · British · DOB 02/1978 · age 48 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 17/11/2022 |
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.
See pricing →Similar companies
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7 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 · 0 resigned)
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