BURFLEX ASSETS LIMITED

💤Zombieactive
14580269 · ltd · incorporated 2023-01-09
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
Upgrade to see
Turnover
year to Dec 2025
Net worth
£6.82M
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 2.5y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 2.5 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
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 £6,817,742
Cash YoY
+1755%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£159k
↑ 1755% YoY
Net Worth
£6.8m
↑ 8.2% YoY
Current Assets
£375k
↓ 65% YoY
Current Liabilities
£0£1.4m£2.7m£4.1m£5.5m£6.8mDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£8.46M£7.27M
Current assets£374.9k£1.06M
Cash£158.7k£8.6k
Debtors£216.3k£1.05M
Net assets£6.82M£6.30M

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-05-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-05-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-05-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-05-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-02-27
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  7. 2025-02-24
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2024-10-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2024-10-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-10-18
    🔓
    Charge satisfied #2
  11. 2024-10-18
    🔓
    Charge satisfied #1
  12. 2024-04-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2024-04-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2024-02-22
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  15. 2024-02-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2024-02-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2024-02-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2024-02-12
    📄
    capital-allotment-shares
    capital · SH01
  19. 2024-02-01
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  20. 2024-01-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2024-01-24
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  22. 2023-06-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2023-01-09
    🏢
    Company incorporated
    As BURFLEX ASSETS LIMITED
  24. 2023-01-09
    COX, Stephen appointed
    director
  25. 2023-01-09
    📄
    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 59 — 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 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-02-24: certificate-change-of-name-company

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stephen Cox
Individual · British · DOB 08/1967 · age 59
5075%
50–75%board control50-75% shares · 50-75% voting · board control09/01/2023
Mrs Tracy Ann Cox
Individual · British · DOB 03/1980 · age 46
2550%
25–50%25-50% shares · 25-50% voting18/09/2023

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 →

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16724373 · est 2025 · no financials extracted
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07772098 · est 2011 · no financials extracted
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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
Incorporated2023-01-09
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Burflex House
Clay Street
Hull
HU8 8HA
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-01-16
Last: 2026-01-02

Officers (1 active · 0 resigned)

COX, Stephen
director · ~59y · appointed 2023-01-09
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property01/02/202418/10/2024
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge24/01/202418/10/2024

Recent filings (22 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-09
change-person-director-company-with-change-date
officers · CH01
2025-05-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-09
change-account-reference-date-company-previous-extended
accounts · AA01
2025-02-27
certificate-change-of-name-company
change-of-name · CERTNM
2025-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-10
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-18
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-18
accounts-with-accounts-type-dormant
accounts · AA
2024-04-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-04-30
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-02-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-17