BORA APPS LIMITED
Opportunity 65/100 (strong), bankability 55/100. 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: share sale to pe / searcher (38/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-05-31 | 2023-05-31 |
|---|---|---|
| Total assets | £27.6k | £22.7k |
| Current assets | £122.9k | £78.8k |
| Cash | £10.0k | — |
| Debtors | £112.9k | — |
| Net assets | £18.1k | £12.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (19 events)Click to expand
- 2025-05-26📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-26📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-26📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-26📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-13📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-05-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-29📄gazette-notice-compulsorygazette · GAZ1
- 2024-02-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-01-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-11-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-02-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2009-05-13🏢Company incorporatedAs BORA APPS LIMITED
- 2009-05-13➕EARNSHAW, Amy Victoria appointeddirector
- 2009-05-13➕EARNSHAW, Andrew Norman appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 17 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 17 years.
- secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-02-28
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Norman Earnshaw Individual · British · DOB 05/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 13/05/2016 |
Ms Amy Victoria Earnshaw Individual · British · DOB 01/1975 · age 51 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 13/05/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
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