SPEEDSPORT LTD
- · Thesis: well-run, low negotiation leverage
- 93199Other sports activities
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
5 live charges · 3 lenders · oldest 20.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 20.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £2.99M | £2.69M |
| Current assets | £5.40M | £4.15M |
| Cash | £754.5k | £137 |
| Debtors | £772.9k | £619.6k |
| Net assets | £2.91M | £2.51M |
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 confirmation-statement
Corporate timeline (38 events)Click to expand
- 2025-06-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-04➕BRIGGS, Steven Robert appointeddirector
- 2023-04-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-11-03🔓Charge satisfied #4
- 2022-08-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-10-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-07-30🔒Charge registered #5Lender: Lloyds Bank PLC
- 2020-05-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-03-05🔒Charge registered #4Lender: Twin Spark Finance (UK) Limited
- 2020-03-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-04🔓Charge satisfied #3
- 2020-03-04🔓Charge satisfied #2
- 2019-12-11📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2019-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-08-25🔒Charge registered #3Lender: Robert Charles Berridge
- 2013-04-01➖STRETTON, Amanda Birgitte resignedsecretary
- 2007-09-10🔒Charge registered #2Lender: Robert Charles Berridge
- 2006-08-03🔓Charge satisfied #1
- 2005-09-26🔒Charge registered #1Lender: Robert Charles Berridge
- 2003-08-01➖FLETCHER, Alan Crawford resignedsecretary
- 2003-08-01➕STRETTON, Amanda Birgitte appointedsecretary
- 2001-11-21➖CLELAND, John Cunningham resigneddirector
- 2000-08-30➕BERRIDGE, Robert Charles appointeddirector
- 2000-08-14🏢Company incorporatedAs SPEEDSPORT LTD
- 2000-08-14➕FLETCHER, Alan Crawford appointedsecretary
- 2000-08-14➕LONDON LAW SECRETARIAL LIMITED appointedcorporate-nominee-secretary
- 2000-08-14➖LONDON LAW SECRETARIAL LIMITED resignedcorporate-nominee-secretary
- 2000-08-14➕CLELAND, John Cunningham appointeddirector
- 2000-08-14➕LONDON LAW SERVICES LIMITED appointedcorporate-nominee-director
- 2000-08-14➖LONDON LAW SERVICES LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 26 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
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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robert Charles Berridge Individual · British · DOB 09/1956 · age 70 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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 (2 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 30/07/2020 | — | |
| satisfied | Twin Spark Finance (UK) Twin Spark Finance (UK) Limited | A registered charge | 1 property | 05/03/2020 | 03/11/2022 | |
| satisfied | Robert Charles Berridge | A registered charge | 1 property | 25/08/2016 | 04/03/2020 | |
| satisfied | Robert Charles Berridge | Loan agreement | 1 property | 10/09/2007 | 04/03/2020 | |
| satisfied | Robert Charles Berridge | Loan agreement | 1 property | 26/09/2005 | 03/08/2006 |