BAGOLD LIMITED

🌳Matureactive

NI071703 · ltd · incorporated 2009-02-12

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£15.46M

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 02200

Sector: Agriculture, forestry & fishing

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 83/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 12.8y

15/100

under pressure

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

· Oldest live charge is 12.8 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

9 officers (5 active, 9 linked, 7 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

7 connected companies via shared directors

Filing history

78 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £15,463,832

Cash draining

Cash down 41% YoY

Cash YoY

-41%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£2.2m

↓ 41% YoY

Net Worth

£15m

↑ 1.8% YoY

Current Assets

£6.7m

↓ 11% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£16.21M	£15.92M
Current assets	£6.73M	£7.53M
Cash	£2.16M	£3.67M
Debtors	£1.02M	£28.6k
Net assets	£15.46M	£15.18M

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

filings

Last 90 days

filings

Last 180 days

filings

• 2 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (38 events)Click to expand

2026-01-13
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-13
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-10-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-19
📄
change-person-director-company-with-change-date
officers · CH01
2023-12-19
📄
change-person-director-company-with-change-date
officers · CH01
2023-12-19
📄
change-person-secretary-company-with-change-date
officers · CH03
2023-12-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-04
🔒
Charge registered #3
Lender: Coutts & Company
2023-04-04
🔓
Charge satisfied #2
2022-11-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-03
🔒
Charge registered #2
Lender: Coults & Company
2022-01-12
📄
change-to-a-person-with-significant-control-without-name-date
persons-with-significant-control · PSC04
2022-01-12
📄
change-person-director-company-with-change-date
officers · CH01
2022-01-06
📄
change-person-director-company-with-change-date
officers · CH01
2022-01-05
📄
change-person-director-company-with-change-date
officers · CH01
2022-01-05
📄
change-person-director-company-with-change-date
officers · CH01
2022-01-05
📄
change-person-secretary-company-with-change-date
officers · CH03
2013-10-10
➕
KENNEDY, Helen Lynn appointed
director
2013-08-27
🔒
Charge registered #1
Lender: Community Windpower Limited
2013-07-04
➕
KENNEDY, Sean Dylan appointed
director
2013-07-04
➕
MARKHAM, Caroline Jane appointed
director
2013-07-04
➖
KENNEDY, Margaret, Mrs. resigned
director
2009-02-24
➕
MARKHAM, David Philip appointed
secretary
2009-02-24
➕
MARKHAM, David Philip appointed
director
2009-02-24
➖
KANE, Dorothy May resigned
secretary
2009-02-24
➖
HARRISON, Malcolm Joseph resigned
director
2009-02-24
➖
KANE, Dorothy May resigned
director
2009-02-24
➕
KENNEDY, Margaret, Mrs. appointed
director
2009-02-12
🏢
Company incorporated
As BAGOLD LIMITED
2009-02-12
➕
KANE, Dorothy May appointed
secretary
2009-02-12
➕
HARRISON, Malcolm Joseph appointed
director
2009-02-12
➕
KANE, Dorothy May appointed
director

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

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
secondary12+ year tenure: Director in role 17 years.
secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Caroline Jane Markham Individual · British · DOB 01/1964 · age 62	25–50%	—	25-50% shares	06/04/2016
Mr Sean Dylan Kennedy Individual · British · DOB 12/1969 · age 57	25–50%	—	25-50% shares	06/04/2016

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 →

Similar companies

Active · Agriculture · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
NORTH DOWN GRAIN LIMITED→ NI017660 · est 1984	£1.38M £1.06M–£1.70M	—	—	5200	41y	88	74y
COLTON CONTRACTS LIMITED→ NI042179 · est 2001	£593.0k £456.1k–£729.8k	—	—	500	24y	83	58y
W & E FULTON LIMITED→ NI053011 · est 2004	£578.6k £445.1k–£712.1k	—	—	300	21y	85	66y
SSI FARMS LIMITED→ NI665127 · est 2019	£344.6k £265.1k–£424.1k	—	—	300	6y	84	70y
N L HARSHAW LTD→ NI630066 · est 2015	£309.3k £237.9k–£380.7k	£636.5k	—	400	11y	83	71y
WH BEACOM (FARMING) LTD→ NI631101 · est 2015	£270.0k £207.7k–£332.3k	—	—	0	11y	84	62y
AI SERVICES (NORTHERN IRELAND) LIMITED→ NI021745 · est 1988	—	—	£6.86M	—	37y	83	76y
ALTMOR LIMITED→ NI050434 · est 2004	—	—	—	6	22y	83	94y
HILLMOUNT PROPERTIES (N.I.) LIMITED→ NI025463 · est 1991	—	—	—	500	35y	83	75y
KINGSMILL FARMS LIMITED→ NI054329 · est 2005	—	—	—	300	21y	83	64y
MILLTOWN FARM LIMITED→ NI063677 · est 2007	—	—	—	200	19y	83	67y
MULLAGHMORE FARMS LIMITED→ NI602418 · est 2010	—	—	—	300	16y	83	63y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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.

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Company details

Statusactive

Typeltd

Incorporated2009-02-12

Jurisdictionnorthern-ireland

Primary SIC02200 — SIC 02200

Registered office

Forsyth House

Cromac Square

Belfast

BT2 8LA

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-01-15

Last: 2026-01-01