BELGICA UK LIMITED

🌳Matureactive
SC235052 · ltd · incorporated 2002-08-07
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£1.81M
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -56% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 20.8y

45/100
under pressure

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

  • · Oldest live charge is 20.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (78/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 4 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
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 £1,811,395
Cash draining
Cash down 56% YoY
Cash YoY
-56%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£133k
↓ 56% YoY
Net Worth
£1.8m
↑ 20% YoY
Current Assets
£954k
↓ 15% YoY
Current Liabilities
—
£0£362k£725k£1.1m£1.4m£1.8mSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£2.06M£1.62M
Current assets£953.8k£1.12M
Cash£133.1k£301.6k
Debtors£333.3k£407.0k
Net assets£1.81M£1.51M

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
1
filing
  • • 1 accounts
Last 180 days
6
filings
  • • 2 capital
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-01-13
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  3. 2026-01-09
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  4. 2026-01-09
    📄
    capital-name-of-class-of-shares
    capital · SH08
  5. 2026-01-08
    📄
    memorandum-articles
    incorporation · MA
  6. 2026-01-08
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2025-08-29
    ➕
    MICKEL, Joanna appointed
    secretary
  8. 2025-08-29
    ➖
    TJONDRONEGORO, Michael Kartono resigned
    secretary
  9. 2025-08-29
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  10. 2025-08-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2025-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2024-04-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-02-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-11-16
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  17. 2020-11-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2020-11-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2020-11-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2020-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2005-09-23
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  22. 2005-07-30
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  23. 2004-01-10
    ➖
    TJONDRONEGORO, Raden Mas Enrico Kartono resigned
    director
  24. 2003-06-17
    ➕
    EDMONSTON, Stuart James appointed
    director
  25. 2003-03-17
    ➖
    SCHYVENS, Frank Harriet Alphonsis resigned
    secretary
  26. 2003-03-17
    ➕
    TJONDRONEGORO, Michael Kartono appointed
    secretary
  27. 2003-03-17
    ➖
    SCHYVENS, Frank Harriet Alphonsis resigned
    director
  28. 2002-10-01
    ➕
    TJONDRONEGORO, Michael Kartono appointed
    director
  29. 2002-08-07
    🏢
    Company incorporated
    As BELGICA UK LIMITED
  30. 2002-08-07
    ➕
    SCHYVENS, Frank Harriet Alphonsis appointed
    secretary
  31. 2002-08-07
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  32. 2002-08-07
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  33. 2002-08-07
    ➕
    SCHYVENS, Frank Harriet Alphonsis appointed
    director
  34. 2002-08-07
    ➕
    TJONDRONEGORO, Raden Mas Enrico Kartono appointed
    director
  35. 2002-08-07
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  36. 2002-08-07
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-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 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

66/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • 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 Michael Kartono Tjondronegoro
Individual · Dutch · DOB 09/1964 · age 62
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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
Incorporated2002-08-07
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH
United Kingdom

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-08-21
Last: 2025-08-07

Officers (3 active · 6 resigned)

MICKEL, Joanna→
secretary · appointed 2025-08-29
View their other companies + combined net worth →
Active
EDMONSTON, Stuart James→
director · ~57y · appointed 2003-06-17
View their other companies + combined net worth →
Active
TJONDRONEGORO, Michael Kartono→
director · ~62y · appointed 2002-10-01
View their other companies + combined net worth →
Active
SCHYVENS, Frank Harriet Alphonsis→
secretary · appointed 2002-08-07 · resigned 2003-03-17
Resigned
TJONDRONEGORO, Michael Kartono→
secretary · appointed 2003-03-17 · resigned 2025-08-29
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-08-07 · resigned 2002-08-07
Resigned
SCHYVENS, Frank Harriet Alphonsis→
director · ~68y · appointed 2002-08-07 · resigned 2003-03-17
Resigned
TJONDRONEGORO, Raden Mas Enrico Kartono→
director · ~64y · appointed 2002-08-07 · resigned 2004-01-10
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2002-08-07 · resigned 2002-08-07
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
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property23/09/2005—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property30/07/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-17
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-01-13
capital-variation-of-rights-attached-to-shares
capital · SH10
2026-01-09
capital-name-of-class-of-shares
capital · SH08
2026-01-09
memorandum-articles
incorporation · MA
2026-01-08
resolution
resolution · RESOLUTIONS
2026-01-08
appoint-person-secretary-company-with-name-date
officers · AP03
2025-08-29
termination-secretary-company-with-name-termination-date
officers · TM02
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-08