BON ACCORD BONDING COMPANY LIMITED

💤Zombieactive

SC028125 · ltd · incorporated 1951-01-22

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2024

Net worth

£1.11M

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Activities of open-ended investment companies

Sector: Financial & insurance

Investor take

Pursue

Active trading company with a 81-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 81). 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

6 live charges · 3 lenders · oldest 45.2y

15/100

under pressure

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

· Oldest live charge is 45.2 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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

7 officers (1 active, 7 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

122 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,106,424

Net assets shrinking

Down £31,364 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£1.1m

↓ 2.8% YoY

Current Assets

£118k

↓ 17% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-11-30	2023-11-30
Total assets	£1.11M	£1.14M
Current assets	£117.8k	£142.3k
Net assets	£1.11M	£1.14M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2025-05-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-05-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-06-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-01-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-22
📄
change-person-director-company-with-change-date
officers · CH01
2014-05-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-04-24
➖
MCCASH & HUNTER resigned
corporate-secretary
2006-10-12
➖
HOGG, William Baird resigned
secretary
2006-10-12
➕
MCCASH & HUNTER appointed
corporate-secretary
2006-10-12
➖
ALLAN, David Martin resigned
director
2002-10-18
➖
CARTER, Elisabeth Mornin resigned
director
2001-11-29
➕
CARTER, Elisabeth Mornin appointed
director
1994-01-01
➖
HADDEN, John David resigned
director
1993-03-24
🔓
Charge satisfied #4
1993-03-17
🔓
Charge satisfied #5
1993-02-02
➕
ALLAN, David Martin appointed
director
1993-02-02
➖
HUNTER, Ronald David resigned
director
1992-10-23
➕
HADDEN, John David appointed
director
1991-05-29
🔒
Charge registered #9
Lender: Clydesdale Bank Public Limited Company
1989-02-06
🔒
Charge registered #5
Lender: Tennent Caledonian Breweries Limited
1989-01-18
🔒
Charge registered #4
Lender: Tennent Caledonian Breweries LTD
1986-09-19
🔒
Charge registered #3
Lender: Clydesdale Bank Public Limited Company
1986-07-30
🔒
Charge registered #6
Lender: Clydesdale Bank Public Limited Company
1986-01-30
🔓
Charge satisfied #1
1981-01-26
🔒
Charge registered #1
Lender: Tennent Caledonian Breweries LTD
1951-01-22
🏢
Company incorporated
As BON ACCORD BONDING COMPANY LIMITED

Owner dependency

90/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Founder age: Director aged approximately 81 — succession pressure is live.

Succession & seller-readiness

85/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 75 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·

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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr William Baird Hogg Individual · British · DOB 09/1945 · age 81	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.

Similar companies

Active · Financial services · PH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CRIEFF FINANCIAL & MORTGAGE CENTRE LIMITED→ SC330821 · est 2007	—	—	—	300	18y	82	67y
BLACKFORD FINANCIAL SOLUTIONS LIMITED→ SC324569 · est 2007	—	—	—	200	18y	80	58y
BQI GROUP LIMITED→ SC306285 · est 2006 · no financials extracted	—	—	—	—	19y	80	60y
BRAIDS BRAWEST LIMITED→ SC244281 · est 2003	—	—	—	—	23y	80	61y
DUPPLIN INVESTMENTS LIMITED→ SC480480 · est 2014	—	—	—	0	11y	80	59y
HERITABLE LIMITED→ SC237615 · est 2002	—	—	—	—	23y	80	73y
KAIM INVESTMENT COMPANY LIMITED→ SC020977 · est 1939	—	—	—	2	86y	80	88y
FAIR CITY PROPERTY GROUP LIMITED→ SC689124 · est 2021	—	—	—	300	5y	79	62y
DFS FINANCIAL CONSULTANCY LTD.→ SC504292 · est 2015	—	—	—	6	10y	78	61y
MAGNUS MURRAY FAMILY SOLUTIONS LTD→ SC469908 · est 2014	—	—	£88.1k	—	12y	78	58y
ALLTMORE ASSET MANAGEMENT LIMITED→ SC621650 · est 2019	—	—	£2	—	7y	76	77y
IOLAIRE FINANCIAL LIMITED→ SC534350 · est 2016 · no financials extracted	—	—	—	—	9y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated1951-01-22

Jurisdictionscotland

Primary SIC64304 — Activities of open-ended investment companies

Registered office

6 Atholl Crescent

Perth

PH1 5JN

Filing status

Accounts

Next due: 2026-08-31

Last made up to: 2024-11-30

Confirmation statement

Next due: 2027-01-14

Last: 2025-12-31

Officers (1 active · 6 resigned)

HOGG, William Baird→

director · ~81y

View their other companies + combined net worth →

Active

HOGG, William Baird→

secretary · resigned 2006-10-12

Resigned

MCCASH & HUNTER→

corporate-secretary · appointed 2006-10-12 · resigned 2008-04-24

Resigned

ALLAN, David Martin→

director · ~80y · appointed 1993-02-02 · resigned 2006-10-12

Resigned

CARTER, Elisabeth Mornin→

director · ~73y · appointed 2001-11-29 · resigned 2002-10-18

Resigned

HADDEN, John David→

director · ~76y · appointed 1992-10-23 · resigned 1994-01-01

Resigned

HUNTER, Ronald David→

director · ~96y · resigned 1993-02-02

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	29/05/1991	—
satisfied	Tennent Caledonian Breweries Tennent Caledonian Breweries Limited	Standard security	1 property	06/02/1989	17/03/1993
satisfied	Tennent Caledonian Breweries Tennent Caledonian Breweries LTD	Bond & floating charge	1 property	18/01/1989	24/03/1993
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	19/09/1986	—
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	30/07/1986	—
satisfied	Tennent Caledonian Breweries Tennent Caledonian Breweries LTD	Bond & floating charge	1 property	26/01/1981	30/01/1986

Click column headers to sort. Use filters above to narrow by status and lender.