BACKER HEATROD LIMITED

🌳Matureactive
00766637 · ltd · incorporated 1963-07-05
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 Dec 2025
Net worth
£2.94M
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 27900
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 71-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 58.2y

15/100
under pressure

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

  • · Oldest live charge is 58.2 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 11 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
144 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £2,944,411
Cash draining
Cash down 88% YoY
Cash YoY
-88%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£17k
↓ 88% YoY
Net Worth
£2.9m
↑ 56% YoY
Current Assets
£7.3m
↑ 19% YoY
Current Liabilities
—
£0£1.5m£2.9m£4.4m£5.9m£7.3mDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Total assets£7.36M£7.18M
Current assets£7.33M£6.18M
Cash£16.8k£144.5k
Debtors£5.19M£3.83M
Net assets£2.94M£1.89M

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
4
filings
  • • 2 officers
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
  1. 2026-06-26
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  2. 2026-04-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-02-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-09-30
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  5. 2025-07-11
    ➖
    HANSSON, Hans Torsten resigned
    director
  6. 2025-07-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-03-11
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2024-08-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2023-06-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2022-08-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2022-06-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-04-05
    ➖
    LINDQUIST, Torsten Gert Erik resigned
    director
  13. 2022-04-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2022-03-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2020-11-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2019-10-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2018-11-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2017-10-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2013-01-01
    ➕
    ELLAM, Simon appointed
    director
  20. 2013-01-01
    ➖
    RIX, Alan resigned
    director
  21. 2011-03-16
    🔓
    Charge satisfied #5
  22. 2011-03-16
    🔓
    Charge satisfied #3
  23. 2011-03-16
    🔓
    Charge satisfied #1
  24. 2009-07-06
    ➕
    RIX, Alan appointed
    director
  25. 2009-02-24
    ➖
    HUNT, Andrew resigned
    director
  26. 2007-12-04
    ➖
    SCHOLES, Michael Roy resigned
    director
  27. 2007-01-24
    🔓
    Charge satisfied #7
  28. 2007-01-24
    🔓
    Charge satisfied #6
  29. 2004-07-01
    ➕
    SOUTHAMPTON ROW SECRETARIES LIMITED appointed
    corporate-secretary
  30. 2004-07-01
    ➕
    FREDRIKSSON, Ulf Christer appointed
    director
  31. 2004-07-01
    ➖
    SCHOLES, Michael Roy resigned
    secretary
  32. 2004-07-01
    ➕
    HANSSON, Hans Torsten appointed
    director
  33. 2004-07-01
    ➕
    LINDQUIST, Torsten Gert Erik appointed
    director
  34. 2004-01-03
    🔓
    Charge satisfied #8
  35. 2002-02-08
    ➖
    GEELAN, David resigned
    director
  36. 2002-01-07
    🔒
    Charge registered #8
    Lender: Diamond H Controls Limited
  37. 2001-12-20
    🔓
    Charge satisfied #4
  38. 2001-12-20
    🔓
    Charge satisfied #2
  39. 2001-10-25
    🔒
    Charge registered #7
    Lender: Bi Group PLC
  40. 2000-12-06
    🔒
    Charge registered #6
    Lender: State Securities PLC
  41. 2000-03-03
    🔒
    Charge registered #5
    Lender: City Invoice Finance Limited
  42. 2000-03-01
    🔒
    Charge registered #4
    Lender: Hsbc Bank PLC
  43. 2000-02-14
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  44. 2000-01-27
    ➕
    SCHOLES, Michael Roy appointed
    secretary
  45. 1999-11-05
    ➖
    CONROY, David James resigned
    secretary
  46. 1999-06-30
    ➖
    VINCENT, Jack resigned
    director
  47. 1997-07-31
    ➖
    SCHOLES, Denis Herbert Patrick resigned
    director
  48. 1995-05-07
    ➖
    BECKITT, Shirley Elsie resigned
    secretary
  49. 1995-05-07
    ➕
    CONROY, David James appointed
    secretary
  50. 1994-07-31
    ➖
    BARROW, John Lendon resigned
    director
Showing most recent 50 of 53 events

Owner dependency

83/100
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
  • +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.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

96/100
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 71 years old. Natural succession window is now.
  • 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 63 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

2 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.

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-03-11: certificate-change-of-name-company

Group structure

Nibe Industrier Ab is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Nibe Industrier Ab
Corporate parent · holds 75-100% shares
ultimate parent
⬇
BACKER HEATROD LIMITED
This company · 00766637

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
Nibe Industrier Ab
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

7 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
Incorporated1963-07-05
Jurisdictionengland-wales
Primary SIC27900 — SIC 27900

Registered office

Unit 10 Top Deck Smethurst Lane
Farnworth
Bolton
BL4 0AN
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-01-21
Last: 2026-01-07

Officers (3 active · 12 resigned)

SOUTHAMPTON ROW SECRETARIES LIMITED→
corporate-secretary · appointed 2004-07-01
View their other companies + combined net worth →
Active
ELLAM, Simon→
director · ~54y · appointed 2013-01-01
View their other companies + combined net worth →
Active
FREDRIKSSON, Ulf Christer→
director · ~71y · appointed 2004-07-01
View their other companies + combined net worth →
Active
BECKITT, Shirley Elsie→
secretary · resigned 1995-05-07
Resigned
CONROY, David James→
secretary · appointed 1995-05-07 · resigned 1999-11-05
Resigned
SCHOLES, Michael Roy→
secretary · appointed 2000-01-27 · resigned 2004-07-01
Resigned
BARROW, John Lendon→
director · ~92y · resigned 1994-07-31
Resigned
GEELAN, David→
director · ~77y · resigned 2002-02-08
Resigned
HANSSON, Hans Torsten→
director · ~78y · appointed 2004-07-01 · resigned 2025-07-11
Resigned
HUNT, Andrew→
director · ~69y · resigned 2009-02-24
Resigned
LINDQUIST, Torsten Gert Erik→
director · ~75y · appointed 2004-07-01 · resigned 2022-04-05
Resigned
RIX, Alan→
director · ~70y · appointed 2009-07-06 · resigned 2013-01-01
Resigned
SCHOLES, Denis Herbert Patrick→
director · ~103y · resigned 1997-07-31
Resigned
SCHOLES, Michael Roy→
director · ~66y · resigned 2007-12-04
Resigned
VINCENT, Jack→
director · ~85y · resigned 1999-06-30
Resigned

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

Mortgages & charges

8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
satisfied
Diamond H Controls
Diamond H Controls Limited
Charge over shares1 property07/01/200203/01/2004
satisfied
Bi Group
Bi Group PLC
Charge1 property25/10/200124/01/2007
satisfied
State Securities
State Securities PLC
Chattel mortgage1 property06/12/200024/01/2007
satisfied
City Invoice Finance
City Invoice Finance Limited
Debenture1 property03/03/200016/03/2011
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property01/03/200020/12/2001
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property14/02/200016/03/2011
satisfied
Midland Bank
Midland Bank PLC
Legal charge1 property20/11/198420/12/2001
satisfied
Midland Bank
Midland Bank PLC
Charge1 property10/05/196816/03/2011

Recent filings (144 total)

accounts-with-accounts-type-medium
accounts · AA
2026-06-26
change-person-director-company-with-change-date
officers · CH01
2026-04-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-21
change-person-director-company-with-change-date
officers · CH01
2026-02-16
accounts-with-accounts-type-medium
accounts · AA
2025-09-30
termination-director-company-with-name-termination-date
officers · TM01
2025-07-11
certificate-change-of-name-company
change-of-name · CERTNM
2025-03-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-07
accounts-with-accounts-type-full
accounts · AA
2024-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-21
accounts-with-accounts-type-full
accounts · AA
2023-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-17
accounts-with-accounts-type-full
accounts · AA
2022-08-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-06-13
termination-director-company-with-name-termination-date
officers · TM01
2022-04-05