BLUEGATE GROUP LIMITED

🚨Distressedactive
05388252 · ltd · incorporated 2005-03-10
Investment thesis
Distressed but structurally messy — likely a value trap without major surgery.
Why interesting: Headline may look cheap; sector may be recovering.
Why risky: Critical deal-killers in ownership or security; closing cost and post-deal clean-up likely to dominate.
🔒Estimated value
—
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Turnover
—
year to Mar 2022
Net worth
£-143.8k
book net assets
Opportunity
48/100
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 37/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 18.1y

15/100
under pressure

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

  • · Oldest live charge is 18.1 years old — likely at or near maturity.
  • · 3 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.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
12 officers (0 active, 12 linked, 8 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
48/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
23
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £143,785

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£144k
↓ 5.2% YoY
Current Assets
£3k
~ YoY
Current Liabilities
—
-£144k-£115k-£85k-£56k-£27k£3kMar 2021Mar 2022

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2022-03-312021-03-31
Total assets£-13.1k£-6.0k
Current assets£2.5k£2.5k
Net assets£-143.8k£-136.7k

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 officers
Last 90 days
1
filing
  • • 1 officers
Last 180 days
1
filing
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2026-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-30
    ➖
    DATWANI, Sanjay resigned
    director
  3. 2024-05-15
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  4. 2024-04-23
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2024-04-10
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2023-09-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-03-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2019-03-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2019-01-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-12-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2016-11-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-03-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-03-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2015-12-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2013-09-01
    ➖
    AHMED, Bilal resigned
    director
  20. 2013-09-01
    ➕
    DATWANI, Sanjay appointed
    director
  21. 2012-11-23
    ➕
    AHMED, Bilal appointed
    director
  22. 2012-11-23
    ➖
    DATWANI, Sanjay resigned
    director
  23. 2012-01-01
    ➖
    SQUIRE, Paul James resigned
    secretary
  24. 2012-01-01
    ➖
    AHMED, Sultan resigned
    director
  25. 2011-08-06
    🔓
    Charge satisfied #2
  26. 2011-08-06
    🔓
    Charge satisfied #1
  27. 2011-08-02
    ➖
    DATWANI, Balram Dayaram resigned
    director
  28. 2011-08-02
    ➕
    DATWANI, Sanjay appointed
    director
  29. 2011-06-21
    🔒
    Charge registered #4
    Lender: Punjab National Bank International Limited
  30. 2011-06-21
    🔒
    Charge registered #3
    Lender: Punjab National Bank (International) Limited
  31. 2009-10-02
    ➕
    DATWANI, Balram Dayaram appointed
    director
  32. 2008-03-14
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  33. 2008-03-14
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  34. 2007-06-01
    ➖
    AHMED, Bilal resigned
    director
  35. 2007-06-01
    ➕
    AHMED, Sultan appointed
    director
  36. 2007-04-12
    ➖
    GHOSH, Ujjal Kanti resigned
    secretary
  37. 2007-04-12
    ➕
    SQUIRE, Paul James appointed
    secretary
  38. 2006-09-01
    ➖
    AHMED, Kholsuma resigned
    secretary
  39. 2006-09-01
    ➕
    GHOSH, Ujjal Kanti appointed
    secretary
  40. 2006-09-01
    ➕
    AHMED, Bilal appointed
    director
  41. 2006-09-01
    ➖
    AHMED, Hussain resigned
    director
  42. 2006-05-03
    ➖
    AHMED, Hawa resigned
    secretary
  43. 2006-05-03
    ➕
    AHMED, Kholsuma appointed
    secretary
  44. 2006-03-23
    ➖
    AHMED, Bilal resigned
    director
  45. 2005-12-06
    ➕
    AHMED, Hussain appointed
    director
  46. 2005-03-10
    🏢
    Company incorporated
    As BLUEGATE GROUP LIMITED
  47. 2005-03-10
    ➕
    AHMED, Hawa appointed
    secretary
  48. 2005-03-10
    ➕
    AHMED, Bilal appointed
    director

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

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2023-12-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2025-03-14

No active directors on record
high

Company is active but has no current directors in the register. This is unusual and should be investigated.

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.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Gulabrai Sugnomal Aswani
Individual · Singaporean · DOB 08/1953 · age 73
——sig. influencesignificant influence06/04/2016

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

10 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
Incorporated2005-03-10
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

173 Cleveland Street
London
W1T 6QR
England

Filing status

Accounts
Next due: 2023-12-31OVERDUE
Last made up to: 2022-03-31
Confirmation statement
Next due: 2025-03-14OVERDUE
Last: 2024-02-28

Officers (0 active · 12 resigned)

AHMED, Hawa→
secretary · appointed 2005-03-10 · resigned 2006-05-03
Resigned
AHMED, Kholsuma→
secretary · appointed 2006-05-03 · resigned 2006-09-01
Resigned
GHOSH, Ujjal Kanti→
secretary · appointed 2006-09-01 · resigned 2007-04-12
Resigned
SQUIRE, Paul James→
secretary · appointed 2007-04-12 · resigned 2012-01-01
Resigned
AHMED, Bilal→
director · ~55y · appointed 2012-11-23 · resigned 2013-09-01
Resigned
AHMED, Bilal→
director · ~55y · appointed 2006-09-01 · resigned 2007-06-01
Resigned
AHMED, Bilal→
director · ~55y · appointed 2005-03-10 · resigned 2006-03-23
Resigned
AHMED, Hussain→
director · ~51y · appointed 2005-12-06 · resigned 2006-09-01
Resigned
AHMED, Sultan→
director · ~70y · appointed 2007-06-01 · resigned 2012-01-01
Resigned
DATWANI, Balram Dayaram→
director · ~83y · appointed 2009-10-02 · resigned 2011-08-02
Resigned
DATWANI, Sanjay→
director · ~53y · appointed 2013-09-01 · resigned 2026-01-30
Resigned
DATWANI, Sanjay→
director · ~53y · appointed 2011-08-02 · resigned 2012-11-23
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Punjab National Bank International
Punjab National Bank International Limited
Debenture1 property21/06/2011—
outstanding
Punjab National Bank (International)
Punjab National Bank (International) Limited
Legal charge1 property21/06/2011—
satisfied
Barclays
Barclays Bank PLC
Floating charge1 property14/03/200806/08/2011
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property14/03/200806/08/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-14
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2024-05-15
gazette-notice-voluntary
gazette · GAZ1(A)
2024-04-23
dissolution-application-strike-off-company
dissolution · DS01
2024-04-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-05