BVAN LTD

🌿Early-stageactive

SC785666 · ltd · incorporated 2023-10-11

Investment thesis

Growth-phase business — story-led; valuation sensitive to momentum.

Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.

Why risky: Price often leads fundamentals; dependency on founder often high.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2024

Net worth

£514

book net assets

Opportunity

70/100

Strong

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What this business does

Primary activity: Unlicenced restaurants and cafes

Sector: Accommodation & food service

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (71/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

4 filings

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £514

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

£514

Current Assets

£370

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-10-31
Total assets	£514
Current assets	£370
Net assets	£514

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (4 events)Click to expand

2025-07-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-11
🏢
Company incorporated
As BVAN LTD
2023-10-11
➕
TURGUL, Bilal appointed
director
2023-10-11
📄
incorporation-company
incorporation · NEWINC

Owner dependency

80/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Young company: Only 2.8 years old — management layer unlikely to be developed.

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

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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Bilal Turgul Individual · British · DOB 10/1984 · age 42	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	11/10/2023

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.

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Similar companies

Active · Hospitality · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GREEN PARK LIMITED→ SC170546 · est 1996	£2.82M £2.12M–£3.53M	£3.63M	—	5300	29y	84	65y
TAILEND RESTAURANT (ST ANDREWS) LIMITED→ SC359357 · est 2009	—	—	—	-4900	17y	83	70y
APPLETREE (FORFAR) LIMITED→ SC388969 · est 2010	—	—	£5.6k	—	15y	82	71y
BAXTER CROWE DEVELOPMENTS LIMITED→ SC216197 · est 2001	—	—	£71.0k	—	25y	82	68y
BROOKPEAK LIMITED→ SC358190 · est 2009	—	—	£5.5k	—	17y	82	60y
C. & S. SCHOFIELD LIMITED→ SC285780 · est 2005	—	—	—	0	21y	82	74y
CAMVO 197 LIMITED→ SC392612 · est 2011	—	—	—	2	15y	82	68y
ITC (SCOTLAND) LIMITED→ SC285302 · est 2005	—	—	—	3	21y	82	80y
KELVIN HOTEL (OBAN) LTD→ SC338208 · est 2008	—	—	£574.5k	—	18y	82	66y
LINDSAY STREET PROPERTIES LIMITED→ SC067260 · est 1979	—	—	—	4	47y	82	71y
THE GOLFY LIMITED→ SC356796 · est 2009	—	—	—	1200	17y	82	60y
THE STRATH BAR LIMITED→ SC304587 · est 2006	—	—	—	200	20y	82	66y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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.

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🔒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.

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Company details

Statusactive

Typeltd

Incorporated2023-10-11

Jurisdictionscotland

Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

29, Cowgate

Dundee

DD1 2HS

Scotland

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-10-24

Last: 2025-10-10

Officers (1 active · 0 resigned)

TURGUL, Bilal→

director · ~42y · appointed 2023-10-11

View their other companies + combined net worth →

Active

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

Recent filings (4 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-11-17

accounts-with-accounts-type-micro-entity

accounts · AA

2025-07-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-12-10

incorporation-company

incorporation · NEWINC

2023-10-11