BASIL SHEILS BAR LTD

💤Zombieactive
NI613961 · ltd · incorporated 2012-08-09
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 Aug 2022
Net worth
—
book net assets
Opportunity
65/100
Strong
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

🏦

Refinance opportunity

1 live charge · oldest 11.4y

45/100
under pressure

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

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Aug 2021Aug 2022

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2022-08-312021-08-31
Average employees300300

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
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-08-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2024-12-11
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  3. 2024-11-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-03-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-03-26
    🔓
    Charge satisfied #1
  6. 2023-07-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-07-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-03-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-03-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-03-06
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  11. 2023-03-03
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  12. 2023-02-28
    ➖
    FEGAN, Mark resigned
    secretary
  13. 2023-02-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2023-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2023-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2022-12-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2022-12-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2022-12-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2022-12-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2022-12-01
    ➕
    FEGAN, Bernice appointed
    director
  21. 2022-12-01
    ➖
    FEGAN, Mark resigned
    director
  22. 2016-01-01
    ➕
    FEGAN, Mark appointed
    secretary
  23. 2014-12-22
    🔒
    Charge registered #1
    Lender: Allied Irish Banks P.L.C.
  24. 2012-08-09
    🏢
    Company incorporated
    As BASIL SHEILS BAR LTD
  25. 2012-08-09
    ➕
    FEGAN, Mark appointed
    director

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 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-08-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Bernice Fegan
Individual · Irish · DOB 07/1979 · age 47
75–100%
—75-100% shares01/12/2022
1 historic (ceased) PSC
  • Mr Mark Feganceased 01/12/2022· 75-100% shares · 75-100% voting · board control · significant influence

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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——18330y8480y
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——9141y8871y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2012-08-09
Jurisdictionnorthern-ireland
Primary SIC56302 — Public houses and bars

Registered office

80 Dundrum Road
Tassagh
Co. Armagh
BT60 2QE

Filing status

Accounts
Next due: 2024-08-31OVERDUE
Last made up to: 2022-08-31
Confirmation statement
Next due: 2026-08-28
Last: 2025-08-14

Officers (1 active · 2 resigned)

FEGAN, Bernice→
director · ~47y · appointed 2022-12-01
View their other companies + combined net worth →
Active
FEGAN, Mark→
secretary · appointed 2016-01-01 · resigned 2023-02-28
Resigned
FEGAN, Mark→
director · ~50y · appointed 2012-08-09 · resigned 2022-12-01
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Allied Irish Banks P.L.C.
A registered charge1 property22/12/201426/03/2024

Recent filings (48 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-14
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-12-11
gazette-notice-compulsory
gazette · GAZ1
2024-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-05
change-person-director-company-with-change-date
officers · CH01
2023-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-10
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2023-03-06
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2023-03-03
termination-secretary-company-with-name-termination-date
officers · TM02
2023-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-28