BAREL LIMITED

🌳Matureactive
NI607238 · ltd · incorporated 2011-04-27
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£202.6k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (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: Cash flow review and working-capital discipline. Cash down -45% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 4.3y

35/100
under pressure

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

  • · Charge age ~4.3 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £202,576
Net assets shrinking
Down £19,599 YoY
Cash draining
Cash down 45% YoY
Cash YoY
-45%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£105k
↓ 45% YoY
Net Worth
£203k
↓ 8.8% YoY
Current Assets
£222k
↓ 29% YoY
Current Liabilities
—
£0£62k£125k£187k£249k£312kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Total assets£202.6k£222.2k
Current assets£222.2k£311.6k
Cash£105.4k£192.7k
Debtors£101.7k£101.6k
Net assets£202.6k£222.2k

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 address
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-11-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-11-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-03-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2022-03-03
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC (Trading as Ulster Bank)
  10. 2022-01-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2022-01-20
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC (Trading as Ulster Bank)
  12. 2021-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-11-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-09-06
    📄
    capital-allotment-shares
    capital · SH01
  16. 2020-05-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2019-09-25
    📄
    capital-allotment-shares
    capital · SH01
  18. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-06-10
    ➕
    BATES, Sarah Elizabeth appointed
    director
  20. 2019-06-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2011-05-05
    ➕
    BATES, Gavin Peter Davis appointed
    director
  22. 2011-05-05
    ➖
    LEITCH, David Andrew resigned
    director
  23. 2011-04-27
    🏢
    Company incorporated
    As BAREL LIMITED
  24. 2011-04-27
    ➕
    LEITCH, David Andrew appointed
    director

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gavin Peter Davis Bates
Individual · British · DOB 09/1979 · age 47
75–100%
—75-100% shares01/09/2016

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 →

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2011-04-27
Jurisdictionnorthern-ireland
Primary SIC56302 — Public houses and bars

Registered office

17 Green Road
Belfast
BT5 6JA
Northern Ireland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-08-09
Last: 2025-07-26

Officers (2 active · 1 resigned)

BATES, Gavin Peter Davis→
director · ~47y · appointed 2011-05-05
View their other companies + combined net worth →
Active
BATES, Sarah Elizabeth→
director · ~45y · appointed 2019-06-10
View their other companies + combined net worth →
Active
LEITCH, David Andrew→
director · ~80y · appointed 2011-04-27 · resigned 2011-05-05
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
NatWest Group
National Westminster Bank PLC (Trading as Ulster Bank)
A registered charge1 property03/03/2022—
outstanding
NatWest Group
National Westminster Bank PLC (Trading as Ulster Bank)
A registered charge—20/01/2022—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-11
change-person-director-company-with-change-date
officers · CH01
2025-11-13
change-person-director-company-with-change-date
officers · CH01
2025-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-23