BETTER BUNGALOWS LLP

💤Zombieactive
OC320025 · llp · incorporated 2006-05-30
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 Mar 2025
Net worth
book net assets
Opportunity
66/100
Strong
🔔
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Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 66/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (38/100).

🏦

Refinance opportunity

36 live charges · 7 lenders · oldest 19.6y

15/100
under pressure

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

  • · Oldest live charge is 19.6 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (68/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, no SIC, incorporation date
80
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
36 charges (36/36 with lender, 36/36 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
109 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31
Average employees500

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (86 events)Click to expand
  1. 2026-06-09
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2025-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-11-10
    📄
    appoint-corporate-member-limited-liability-partnership-with-appointment-date
    officers · LLAP02
  4. 2025-11-07
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  5. 2025-10-27
    GRIDNEW ENERGY LTD appointed
    corporate-llp-designated-member
  6. 2025-10-27
    TRAINING POINT OPPORTUNITY LIMITED resigned
    corporate-llp-designated-member
  7. 2025-05-30
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  8. 2024-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-06-01
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  10. 2024-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-05-30
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  12. 2023-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-05-30
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  14. 2022-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-09-02
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  16. 2021-09-02
    🔓
    Charge satisfied #21
  17. 2021-08-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  18. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  19. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  20. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  21. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  22. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  23. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  24. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  25. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  26. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  27. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  28. 2021-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  29. 2021-08-23
    🔒
    Charge registered #36
    Lender: Lendinvest Btl Limited
  30. 2021-08-23
    🔒
    Charge registered #35
    Lender: Lendinvest Btl Limited
  31. 2021-08-20
    🔒
    Charge registered #34
    Lender: Lendinvest Btl Limited
  32. 2021-08-20
    🔒
    Charge registered #33
    Lender: Lendinvest Btl Limited
  33. 2021-08-20
    🔒
    Charge registered #32
    Lender: Lendinvest Btl Limited
  34. 2021-08-20
    🔒
    Charge registered #31
    Lender: Lendinvest Btl Limited
  35. 2021-08-20
    🔒
    Charge registered #30
    Lender: Lendinvest Btl Limited
  36. 2021-08-20
    🔒
    Charge registered #29
    Lender: Lendinvest Btl Limited
  37. 2021-08-20
    🔒
    Charge registered #28
    Lender: Lendinvest Btl Limited
  38. 2021-08-20
    🔒
    Charge registered #27
    Lender: Lendinvest Btl Limited
  39. 2021-08-20
    🔒
    Charge registered #26
    Lender: Lendinvest Btl Limited
  40. 2021-08-20
    🔒
    Charge registered #25
    Lender: Lendinvest Btl Limited
  41. 2021-08-20
    🔒
    Charge registered #24
    Lender: Lendinvest Btl Limited
  42. 2021-08-20
    🔒
    Charge registered #23
    Lender: Lendinvest Btl Limited
  43. 2021-08-20
    🔓
    Charge satisfied #20
  44. 2021-08-20
    🔓
    Charge satisfied #12
  45. 2021-08-20
    🔓
    Charge satisfied #10
  46. 2021-08-20
    🔓
    Charge satisfied #9
  47. 2021-08-20
    🔓
    Charge satisfied #8
  48. 2021-08-20
    🔓
    Charge satisfied #7
  49. 2021-08-20
    🔓
    Charge satisfied #6
  50. 2021-08-20
    🔓
    Charge satisfied #4
Showing most recent 50 of 86 events

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 med · 1 low
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.

22 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mark Richard Mills
Individual · British · DOB 08/1970 · age 56
75–100%75-100% voting06/04/2016

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

7 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
Typellp
Incorporated2006-05-30
Jurisdictionengland-wales
Primary SIC

Registered office

Hill Stables Preston New Road
Little Plumpton
Preston
Lancs
PR4 3PJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-06-13
Last: 2026-05-30

Officers (2 active · 4 resigned)

MILLS, Mark Richard
llp-designated-member · ~56y · appointed 2006-05-30
View their other companies + combined net worth →
Active
GRIDNEW ENERGY LTD
corporate-llp-designated-member · appointed 2025-10-27
View their other companies + combined net worth →
Active
MILLS, Nigel John
llp-designated-member · ~59y · appointed 2008-07-29 · resigned 2008-10-21
Resigned
MILLS, Nigel John
llp-designated-member · ~59y · appointed 2006-05-30 · resigned 2007-07-26
Resigned
INSURANCE AND LEGAL SERVICES LIMITED
corporate-llp-designated-member · appointed 2007-07-26 · resigned 2020-12-03
Resigned
TRAINING POINT OPPORTUNITY LIMITED
corporate-llp-designated-member · appointed 2020-12-03 · resigned 2025-10-27
Resigned

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

Mortgages & charges

36
Total charges
22
Outstanding
3
Active lenders
Status:Lender:36 of 36 shown
TypeProperties
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property23/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property23/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property20/08/2021
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property26/02/2016
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge26/11/201502/09/2021
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge14 properties30/06/201420/08/2021
outstanding
Co-operative Bank
Co-Operative Bank PLC
Legal charge1 property22/09/2008
outstanding
Co-operative Bank
Co-Operative Bank PLC
Legal charge1 property11/09/2008
outstanding
Co-operative Bank
Co-Operative Bank PLC
Legal charge1 property06/06/2008
outstanding
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property18/12/2007
satisfied
The Governor and Company of the Bank of Ireland
Legal charge1 property11/12/200718/10/2012
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property19/11/200723/01/2010
outstanding
Co-operative Bank
The Cooperative Bank PLC
Deed of legal charge1 property30/08/2007
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property28/06/200720/08/2021
outstanding
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property07/06/2007
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property09/05/200720/08/2021
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property09/03/200720/08/2021
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property26/02/200720/08/2021
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property26/02/200720/08/2021
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property03/01/200720/08/2021
satisfied
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
Mortgage1 property15/11/200620/08/2021
outstanding
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property03/11/2006
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property03/11/200620/08/2021
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property03/11/200620/08/2021
satisfied
Co-operative Bank
The Co-Operative Bank PLC
Legal charge1 property02/11/200620/08/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (109 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-20
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2025-11-10
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-11-07
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-28
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-05
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-07
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-06
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2021-09-02
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2021-08-25
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2021-08-23