BMS PROGRESS LLP
Opportunity 70/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 20.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.6 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Average employees | 22 | 25 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 accounts
Corporate timeline (57 events)Click to expand
- 2026-07-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-08📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2026-01-03📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-11-06📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-27➕BILL, Claire appointedllp-designated-member
- 2025-08-27➖HALEWOOD, Graham John resignedllp-designated-member
- 2024-12-03📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-11-13📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2024-10-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-19📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-10-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-13📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-01-13📄change-to-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC04
- 2023-01-13📄cessation-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC07
- 2023-01-13📄notification-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC01
- 2023-01-13📄notification-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC01
- 2023-01-13📄withdrawal-of-a-person-with-significant-control-statement-limited-liability-partnershippersons-with-significant-control · LLPSC09
- 2022-09-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-21📄change-corporate-member-limited-liability-partnership-with-name-change-dateofficers · LLCH02
- 2022-01-13📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-01-05✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2022-01-05✏️change-of-name-notice-limited-liability-partnershipchange-of-name · LLNM01
- 2021-07-02✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2021-07-02✏️change-of-name-notice-limited-liability-partnershipchange-of-name · LLNM01
- 2021-06-28📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2021-06-28📍change-registered-office-address-limited-liability-partnership-with-date-old-address-new-addressaddress · LLAD01
- 2021-03-31➕BMS PROGRESS GROUP LTD appointedcorporate-llp-member
- 2021-02-24🔓Charge satisfied #4
- 2021-02-21➖MELLOWS-FACER, Philip resignedllp-designated-member
- 2021-02-15➖CARROLL, Daniel Russi resignedllp-designated-member
- 2020-11-30➖BARKER, Matthew James resignedllp-designated-member
- 2020-11-30➖MILSTED, Mark Christopher resignedllp-designated-member
- 2018-04-10🔓Charge satisfied #3
- 2018-04-06➖OWEN, Andrew Ian resignedllp-designated-member
- 2018-04-06➖SEVERS, Jonathan Ruaridh Elwin resignedllp-designated-member
- 2018-03-31🔓Charge satisfied #2
- 2018-03-31🔓Charge satisfied #1
- 2016-08-31➖EVANS, David Ross resignedllp-designated-member
- 2016-04-02➕BARKER, Matthew James appointedllp-designated-member
- 2016-04-02➕MELLOWS-FACER, Philip appointedllp-designated-member
- 2016-02-02🔒Charge registered #4Lender: Hdbc Bank PLC
- 2013-01-25🔒Charge registered #3Lender: Hsbc Invoice Finance (UK) LTD ("the Security Holder")
- 2011-04-01➖BALDWIN, Nicholas resignedllp-designated-member
- 2011-04-01➕EVANS, David Ross appointedllp-designated-member
- 2011-04-01➕EVANS, David Ross appointedllp-designated-member
- 2011-04-01➖EVANS, David Ross resignedllp-designated-member
- 2011-01-24🔒Charge registered #2Lender: Blackwater Services Limited
- 2005-11-29🔒Charge registered #1Lender: National Westminster Bank PLC
- 2005-04-01➕BILL, David Robert appointedllp-designated-member
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Robert Bill Individual · British · DOB 08/1974 · age 52 | — | — | sig. influencesignificant influence | 07/04/2018 |
3 historic (ceased) PSCs
- Mr Graham John Halewoodceased 07/04/2018· 25-50% voting
- Mr Andrew Ian Owenceased 06/04/2018· 25-50% voting
- Mr Jonathan Ruaridh Elwin Seversceased 06/04/2018· 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (3 active · 10 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Hdbc Bank Hdbc Bank PLC | A registered charge | 1 property | 02/02/2016 | 24/02/2021 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) LTD ("the Security Holder") | Fixed charge on non-vesting debts and floating charge | 1 property | 25/01/2013 | 10/04/2018 | |
| satisfied | Blackwater Services Blackwater Services Limited | Rent deposit deed | 1 property | 24/01/2011 | 31/03/2018 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 29/11/2005 | 31/03/2018 |