BOAT ELECTRICS & ELECTRONICS LIMITED

🌳Matureactive
SC066331 · ltd · incorporated 1978-11-09
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£396.3k
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: SIC 33150
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 60-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -48% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 40.6y

45/100
under pressure

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

  • · Oldest live charge is 40.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
111 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
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 £396,339
Cash draining
Cash down 48% YoY
Cash YoY
-48%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£596k
↓ 48% YoY
Net Worth
£396k
↑ 151% YoY
Current Assets
£2.2m
~ YoY
Current Liabilities
—
£0£447k£893k£1.3m£1.8m£2.2mSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£1.47M£1.23M
Current assets£2.23M£2.22M
Cash£595.7k£1.14M
Debtors£1.53M£995.2k
Net assets£396.3k£158.0k

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

🔒Filing-note intelligence

3 signals 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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2020-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2020-05-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2020-05-05
    ➖
    COLEMAN, Patricia S resigned
    secretary
  12. 2020-05-05
    ➖
    COLEMAN, Julian Norman Robert resigned
    director
  13. 2020-05-05
    ➖
    COLEMAN, Patricia S resigned
    director
  14. 2019-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-12-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-03-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2016-03-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2011-01-24
    ➕
    CAIRNS, Lesley Anne appointed
    director
  20. 2010-03-03
    🔓
    Charge satisfied #2
  21. 2007-08-07
    ➖
    COLEMAN, Emma Joan resigned
    director
  22. 2006-02-08
    ➕
    COLEMAN, Emma Joan appointed
    director
  23. 2004-10-29
    🔓
    Charge satisfied #1
  24. 2004-03-26
    ➖
    COLEMAN, Joan resigned
    director
  25. 2004-01-01
    ➕
    COLEMAN, Simon Charles Henry appointed
    director
  26. 1985-09-20
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  27. 1985-09-09
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  28. 1978-11-09
    🏢
    Company incorporated
    As BOAT ELECTRICS & ELECTRONICS LIMITED

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 47 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Boat Electrics & Electronics (Holdings) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Boat Electrics & Electronics (Holdings) Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
BOAT ELECTRICS & ELECTRONICS LIMITED
This company · SC066331

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Boat Electrics & Electronics (Holdings) Ltd
Corporate entity
75–100%
—75-100% shares06/03/2017

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

6 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
Incorporated1978-11-09
Jurisdictionscotland
Primary SIC33150 — SIC 33150

Registered office

Unit 4 Ailsa Business Park
Kyle Road
Irvine
Ayrshire
KA12 8LE
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-03-20
Last: 2026-03-06

Officers (2 active · 5 resigned)

CAIRNS, Lesley Anne→
director · ~60y · appointed 2011-01-24
View their other companies + combined net worth →
Active
COLEMAN, Simon Charles Henry→
director · ~45y · appointed 2004-01-01
View their other companies + combined net worth →
Active
COLEMAN, Patricia S→
secretary · resigned 2020-05-05
Resigned
COLEMAN, Emma Joan→
director · ~42y · appointed 2006-02-08 · resigned 2007-08-07
Resigned
COLEMAN, Joan→
director · ~103y · resigned 2004-03-26
Resigned
COLEMAN, Julian Norman Robert→
director · ~76y · resigned 2020-05-05
Resigned
COLEMAN, Patricia S→
director · ~72y · resigned 2020-05-05
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property20/09/198503/03/2010
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property09/09/198529/10/2004

Recent filings (111 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-24
termination-director-company-with-name-termination-date
officers · TM01
2020-05-06
termination-director-company-with-name-termination-date
officers · TM01
2020-05-06