BRACKENBOROUGH LAKES LTD

💤Zombieactive
14792293 · ltd · incorporated 2023-04-11
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 Jul 2025
Net worth
£-43.1k
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -77% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 3.1y

20/100
under pressure

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

  • · Charge age ~3.1 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
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
Negative net assets
Liabilities exceed assets by £43,106
Cash draining
Cash down 77% YoY
Cash YoY
-77%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£9k
↓ 77% YoY
Net Worth
-£43k
↑ 1.7% YoY
Current Assets
£353k
↑ 303% YoY
Current Liabilities
-£44k£35k£115k£194k£273k£353kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£2.00M£1.65M
Current assets£352.7k£87.5k
Cash£9.4k£40.0k
Debtors£343.3k£47.5k
Net assets£-43.1k£-43.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 confirmation-statement
  • 1 accounts
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-04-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-07-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-07-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  4. 2025-02-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2024-12-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-12-18
    🔒
    Charge registered #4
    Lender: Folk Nominee Limited
  7. 2024-06-25
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  8. 2024-03-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2024-03-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-03-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2024-03-28
    🔒
    Charge registered #3
    Lender: Folk Nominee Limited
  12. 2024-03-28
    🔓
    Charge satisfied #2
  13. 2024-03-28
    🔓
    Charge satisfied #1
  14. 2024-02-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2024-02-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2023-06-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2023-06-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2023-06-20
    🔒
    Charge registered #2
    Lender: Gemini Finance LTD
  19. 2023-06-20
    🔒
    Charge registered #1
    Lender: Gemini Finance LTD
  20. 2023-04-11
    🏢
    Company incorporated
    As BRACKENBOROUGH LAKES LTD
  21. 2023-04-11
    LIDGARD, Ashley Robert appointed
    director
  22. 2023-04-11
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

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

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Oak Ridge Hotels Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Oak Ridge Hotels Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BRACKENBOROUGH LAKES LTD
This company · 14792293

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Oak Ridge Hotels Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control09/05/2023
1 historic (ceased) PSC
  • Mr Ashley Robert Lidgardceased 09/05/2023· 75-100% shares · 75-100% voting · board control

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
Incorporated2023-04-11
Jurisdictionengland-wales
Primary SIC55209 — Other holiday and other collective accommodation

Registered office

Brackenborough Lakes Resort
Cordeaux Corner
Louth
LN11 0SZ
United Kingdom

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-05-23
Last: 2026-05-09

Officers (1 active · 0 resigned)

LIDGARD, Ashley Robert
director · ~55y · appointed 2023-04-11
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Folk Nominee
Folk Nominee Limited
A registered charge14 properties18/12/2024
outstanding
Folk Nominee
Folk Nominee Limited
A registered charge1 property28/03/2024
satisfied
Gemini Finance
Gemini Finance LTD
A registered charge1 property20/06/202328/03/2024
satisfied
Gemini Finance
Gemini Finance LTD
A registered charge1 property20/06/202328/03/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (18 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-21
accounts-with-accounts-type-small
accounts · AA
2026-04-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-07-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-09
accounts-with-accounts-type-small
accounts · AA
2025-02-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-18
change-account-reference-date-company-current-extended
accounts · AA01
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-28
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-23
change-person-director-company-with-change-date
officers · CH01
2024-02-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-22