BACON & CRERAR LIMITED

🌿Early-stageactive
SC711222 · ltd · incorporated 2021-10-04
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
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Turnover
year to Oct 2024
Net worth
£-37.5k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
ALSO REGISTERED FOR
  • 41202Construction of domestic buildings
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (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: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £37,490
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£37k
Current Assets
£60k
Current Liabilities
-£37k-£18k£2k£21k£41k£60kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£67.3k
Current assets£60.1k
Net assets£-37.5k
Average employees600

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 (14 events)Click to expand
  1. 2025-10-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-05
    📄
    capital-allotment-shares
    capital · SH01
  4. 2024-09-05
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  5. 2024-08-20
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2024-08-20
    📄
    memorandum-articles
    incorporation · MA
  7. 2024-08-20
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2024-08-20
    📄
    statement-of-companys-objects
    change-of-constitution · CC04
  9. 2024-04-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-07-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-10-04
    🏢
    Company incorporated
    As BACON & CRERAR LIMITED
  12. 2021-10-04
    BACON, Mark appointed
    director
  13. 2021-10-04
    CRERAR, Donald appointed
    director
  14. 2021-10-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "BACON" — strong identity link between founder and business.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Mark Bacon
Individual · British · DOB 07/1987 · age 39
2550%
25–50%board control25-50% shares · 25-50% voting · board control04/10/2021
Mr Donald Crerar
Individual · British · DOB 02/1992 · age 34
2550%
25–50%board control25-50% shares · 25-50% voting · board control04/10/2021

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

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.

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
Incorporated2021-10-04
Jurisdictionscotland
Primary SIC41201 — Construction of commercial buildings

Registered office

The Old Byre
Mill Hills Farm
Crieff
PH7 3QW
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03

Officers (2 active · 0 resigned)

BACON, Mark
director · ~39y · appointed 2021-10-04
View their other companies + combined net worth →
Active
CRERAR, Donald
director · ~34y · appointed 2021-10-04
View their other companies + combined net worth →
Active

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

Recent filings (15 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-18
capital-allotment-shares
capital · SH01
2024-09-05
capital-variation-of-rights-attached-to-shares
capital · SH10
2024-09-05
capital-name-of-class-of-shares
capital · SH08
2024-08-20
memorandum-articles
incorporation · MA
2024-08-20
resolution
resolution · RESOLUTIONS
2024-08-20
statement-of-companys-objects
change-of-constitution · CC04
2024-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-07
incorporation-company
incorporation · NEWINC
2021-10-04