BONNHEAT LIMITED

🌳Matureactive
SC307060 · ltd · incorporated 2006-08-18
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
year to Jul 2025
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Other engineering activities
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: medium (76/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Average employees100200

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

Recent activity

Last 30 days
1
filing
  • 1 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-08-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-07-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-07-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-07-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-07-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-07-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-07-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-03-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-04-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-04-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2006-08-18
    🏢
    Company incorporated
    As BONNHEAT LIMITED
  18. 2006-08-18
    BONNAR, Julie appointed
    secretary
  19. 2006-08-18
    BONNAR, Julie appointed
    director
  20. 2006-08-18
    BONNAR, Kevin appointed
    director

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 20 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 20 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Julie Bonnar
Individual · British · DOB 01/1975 · age 51
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Kevin Bonnar
Individual · British · DOB 06/1972 · age 54
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
2 historic (ceased) PSCs
  • Kevin Bonnarceased 06/04/2016· 25-50% shares · 25-50% voting · board control
  • Julie Bonnarceased 06/04/2016· 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.

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

Statusactive
Typeltd
Incorporated2006-08-18
Jurisdictionscotland
Primary SIC71129 — Other engineering activities

Registered office

61b Millgate
Friockheim
Arbroath
Angus
DD11 4TW

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-09-01
Last: 2025-08-18

Officers (3 active · 0 resigned)

BONNAR, Julie
secretary · appointed 2006-08-18
View their other companies + combined net worth →
Active
BONNAR, Julie
director · ~51y · appointed 2006-08-18
View their other companies + combined net worth →
Active
BONNAR, Kevin
director · ~54y · appointed 2006-08-18
View their other companies + combined net worth →
Active

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

Recent filings (62 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
change-person-director-company-with-change-date
officers · CH01
2023-08-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-21
change-person-director-company-with-change-date
officers · CH01
2023-07-21
change-person-director-company-with-change-date
officers · CH01
2023-07-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-19