BALCAN ENGINEERING LIMITED
🌳Matureactive
01037378 · ltd · incorporated 1972-01-07
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 Mar 2025
Net worth
£3.00M
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 28290
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with exceptional profile and acceptable with review structure.
Opportunity 80/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (65/100).
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 34.6y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 34.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
8 officers (4 active, 8 linked, 6 with DOB)
85
Ownership & PSC
4 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
129 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £2,996,635
Net assets shrinking
Down £23,671 YoY
Cash YoY
+21%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£963k
↑ 21% YoY
Net Worth
£3.0m
~ YoY
Current Assets
£2.2m
↑ 8.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £3.07M | £3.07M |
| Current assets | £2.18M | £2.01M |
| Cash | £962.9k | £796.7k |
| Debtors | £650.8k | £631.8k |
| Net assets | £3.00M | £3.02M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
7
filings
- • 4 persons-with-significant-control
- • 2 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-02-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-02-11📄change-person-director-company-with-change-dateofficers · CH01
- 2026-02-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-02-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-02-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-01-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-10➖RINFRET, Elizabeth Margaret resigneddirector
- 2025-10-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-11📄change-person-director-company-with-change-dateofficers · CH01
- 2018-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-26📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2018-06-14➕RINFRET, Sharon Nora appointedsecretary
- 2018-06-14➖RINFRET, Elizabeth Margaret resignedsecretary
- 2017-10-05🔒Charge registered #7Lender: Hsbc Bank PLC
- 2017-08-24🔒Charge registered #6Lender: Hsbc Bank PLC
- 2017-02-15🔓Charge satisfied #5
- 2017-02-15🔓Charge satisfied #4
- 2017-02-15🔓Charge satisfied #3
- 2017-02-15🔓Charge satisfied #2
- 2017-02-14🔓Charge satisfied #1
- 2016-07-11➖RINFRET, John Henry Temple resigneddirector
- 2006-04-04🔒Charge registered #5Lender: Hsbc Bank PLC
- 2005-04-20🔒Charge registered #4Lender: Hsbc Bank PLC
- 2005-04-06➕RINFRET, Alistair John appointeddirector
- 2005-04-06➕RINFRET, Julian Peter appointeddirector
- 2005-04-06➕RINFRET, Michael Adrian appointeddirector
- 2004-07-01🔒Charge registered #3Lender: Hsbc Bank PLC
- 1998-04-22🔒Charge registered #2Lender: Midland Bank PLC
- 1993-05-10➖TRUMPER, Roy John Clay resigneddirector
- 1991-10-24🔒Charge registered #1Lender: Financial & General Bank PLC
- 1972-01-07🏢Company incorporatedAs BALCAN ENGINEERING LIMITED
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 54 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
4 active beneficial owners · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
The Executors Of Mrs Elizabeth Margaret Rinfret Deceased Individual · British · DOB 04/1941 · age 85 | — | 25–50% | 25-50% voting · trust interest | 06/04/2016 |
Mr Julian Peter Rinfret Individual · British · DOB 01/1971 · age 55 | — | — | sig. influencesignificant influence | 05/02/2026 |
Mr Michael Adrian Rinfret Individual · British · DOB 05/1973 · age 53 | — | — | sig. influencesignificant influence | 05/02/2026 |
Mr Alistair John Rinfret Individual · British · DOB 09/1967 · age 59 | — | — | sig. influencesignificant influence | 05/02/2026 |
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 →Similar companies
Active · Manufacturing · LN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| B&T LIGHTING LTD→ 08560810 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| BLAST CLEANING UK LTD→ 13450242 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BM CONTRACTORS (DERBY) LIMITED→ 04932545 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| BRANSTON ENGINEERING LIMITED→ 00970287 · est 1970 · no financials extracted | — | — | — | — | 56y | — | — |
| BRICK VAULT LIMITED→ 16052414 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BRITANNIA KITCHEN VENTILATION LIMITED→ 03062962 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| BRITISH CHLOROPHYLL COMPANY LIMITED→ 00328397 · est 1937 · no financials extracted | — | — | — | — | 88y | — | — |
| BROKEN DOG LTD→ 12867224 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BROUGHTON POWELL FURNITURE LIMITED→ 03127993 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| BRUCE FINE PROPERTIES LTD→ 05311929 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BURTON WATERS MARINA LIMITED→ 04131218 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| C & C FIBREGLASS LTD→ 09020470 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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
Incorporated1972-01-07
Jurisdictionengland-wales
Primary SIC28290 — SIC 28290
Registered office
Banovallum Court
Boston Road Industrial Estate
Horncastle
Lincolnshire
LN9 6JR
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-08
Last: 2026-01-25
Officers (4 active · 4 resigned)
RINFRET, Sharon Nora→
Activesecretary · appointed 2018-06-14
View their other companies + combined net worth →
RINFRET, Alistair John→
Activedirector · ~59y · appointed 2005-04-06
View their other companies + combined net worth →
RINFRET, Julian Peter→
Activedirector · ~55y · appointed 2005-04-06
View their other companies + combined net worth →
RINFRET, Michael Adrian→
Activedirector · ~53y · appointed 2005-04-06
View their other companies + combined net worth →
RINFRET, Elizabeth Margaret→
Resignedsecretary · resigned 2018-06-14
RINFRET, Elizabeth Margaret→
Resigneddirector · ~85y · resigned 2025-11-10
RINFRET, John Henry Temple→
Resigneddirector · ~96y · resigned 2016-07-11
TRUMPER, Roy John Clay→
Resigneddirector · ~89y · resigned 1993-05-10
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
2
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 05/10/2017 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 24/08/2017 | — | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 04/04/2006 | 15/02/2017 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 20/04/2005 | 15/02/2017 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 01/07/2004 | 15/02/2017 | |
| satisfied | Midland Bank Midland Bank PLC | Debenture | 1 property | 22/04/1998 | 15/02/2017 | |
| satisfied | Financial & General Bank Financial & General Bank PLC | Debenture | 1 property | 24/10/1991 | 14/02/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (129 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-12
change-person-director-company-with-change-date
officers · CH01
2026-02-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-10
termination-director-company-with-name-termination-date
officers · TM01
2026-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19