BEERWORKS LTD

🚨Distressedactive
SC624871 · ltd · incorporated 2019-03-19
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2021
Net worth
£-43.2k
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £43,172

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£43k
↑ 33% YoY
Current Assets
£22k
↑ 211% YoY
Current Liabilities
-£64k-£47k-£30k-£13k£4k£22kMar 2020Mar 2021

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2021-03-312020-03-31
Total assets£-117£-64.1k
Current assets£21.6k£6.9k
Net assets£-43.2k£-64.1k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2024-04-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2024-04-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2022-08-09
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  4. 2022-07-26
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2022-07-19
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2021-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-06-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-06-10
    WIGHTMAN, Jamie David Ross resigned
    director
  10. 2021-05-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-05-17
    NISBET, Dominic James resigned
    director
  12. 2019-10-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2019-09-23
    NISBET, Dominic James appointed
    director
  14. 2019-09-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2019-09-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-09-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-03-19
    🏢
    Company incorporated
    As BEERWORKS LTD
  18. 2019-03-19
    MAIR, Christopher Alexander appointed
    director
  19. 2019-03-19
    WIGHTMAN, Jamie David Ross appointed
    director
  20. 2019-03-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

2 high ·
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: 2022-12-31

Confirmation statement overdue
high

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

Evidence: Next due: 2023-05-25

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Rachel Anne Morgan
Individual · British · DOB 09/1986 · age 40
2550%
25–50%25-50% shares · 25-50% voting19/03/2019
Mr Christopher Alexander Mair
Individual · British · DOB 03/1977 · age 49
sig. influencesignificant influence · firm interest29/10/2019
1 historic (ceased) PSC
  • Mr Christopher Alexander Mairceased 23/09/2019· 25-50% shares · 25-50% voting · board control

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

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
Incorporated2019-03-19
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

Carrington Mains
Gorebridge
Midlothian
EH23 4LU
Scotland

Filing status

Accounts
Next due: 2022-12-31OVERDUE
Last made up to: 2021-03-31
Confirmation statement
Next due: 2023-05-25OVERDUE
Last: 2022-05-11

Officers (1 active · 2 resigned)

MAIR, Christopher Alexander
director · ~49y · appointed 2019-03-19
View their other companies + combined net worth →
Active
NISBET, Dominic James
director · ~38y · appointed 2019-09-23 · resigned 2020-05-17
Resigned
WIGHTMAN, Jamie David Ross
director · ~39y · appointed 2019-03-19 · resigned 2021-06-10
Resigned

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

Recent filings (17 total)

change-person-director-company-with-change-date
officers · CH01
2024-04-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-16
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2022-08-09
gazette-notice-voluntary
gazette · GAZ1(A)
2022-07-26
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-25
dissolution-application-strike-off-company
dissolution · DS01
2022-07-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-14
termination-director-company-with-name-termination-date
officers · TM01
2021-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-21
termination-director-company-with-name-termination-date
officers · TM01
2021-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-10-29
appoint-person-director-company-with-name-date
officers · AP01
2019-09-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-09-23