B & L PROPERTIES (FIFE) LIMITED
Opportunity 67/100 (strong), bankability 65/100. 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).
Refinance opportunity
7 live charges · 2 lenders · oldest 7.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (74/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-04-30 |
|---|---|
| Total assets | £21.6k |
| Current assets | £2.9k |
| Net assets | £14.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 mortgage
- • 1 mortgage
Corporate timeline (29 events)Click to expand
- 2026-02-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-18🔒Charge registered #7Lender: Together Commercial Finance Limited
- 2025-10-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-07🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2025-09-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-26🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2025-09-26🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2025-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-29📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2024-01-05📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2024-01-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-24🔒Charge registered #3Lender: Together Commercial Finance LTD
- 2022-09-01➖SPEARS, Lauren resigneddirector
- 2022-09-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-09-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-08-21📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2018-10-30🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2018-10-25🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2018-02-07🏢Company incorporatedAs B & L PROPERTIES (FIFE) LIMITED
- 2018-02-07➕SPEARS, Barry Joseph appointeddirector
- 2018-02-07➕SPEARS, Lauren appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med · 1 lowHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-02-18: A registered charge; 2025-10-07: A registered charge; 2025-09-26: A registered charge
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Barry Joseph Spears Individual · British · DOB 09/1975 · age 51 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 07/02/2018 |
1 historic (ceased) PSC
- Mrs Lauren Spearsceased 01/09/2022· 25-50% shares · 25-50% voting
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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9 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 (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 18/02/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 07/10/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 26/09/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 26/09/2025 | — | |
| outstanding | Together Money Together Commercial Finance LTD | A registered charge | 1 property | 24/11/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 30/10/2018 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 25/10/2018 | — |