BORDER ENGINEERING LIMITED

🌳Matureactive
02128248 · ltd · incorporated 1987-05-06
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
—
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Turnover
—
year to Oct 2024
Net worth
£269.6k
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Machining
Sector: Manufacturing
ALSO REGISTERED FOR
  • 25990SIC 25990
  • 33110SIC 33110
  • 82990Other business support service activities n.e.c.
Investor take
Pursue
Active trading company with a 83-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 83). 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

2 live charges · 2 lenders · oldest 26.5y

30/100
under pressure

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

  • · Oldest live charge is 26.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

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, 4 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
9 officers (6 active, 9 linked, 7 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
128 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 £269,564
Net assets shrinking
Down £156,337 YoY
Cash draining
Cash down 52% YoY
Cash YoY
-52%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£116k
↓ 52% YoY
Net Worth
£270k
↓ 37% YoY
Current Assets
£543k
↓ 31% YoY
Current Liabilities
—
£0£157k£314k£472k£629k£786kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£299.9k£477.4k
Current assets£543.3k£786.2k
Cash£116.4k£244.7k
Debtors£409.8k£524.4k
Net assets£269.6k£425.9k

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

🔒Filing-note intelligence

2 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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2024-08-19
    🔒
    Charge registered #2
    Lender: Dr J Mills
  4. 2024-07-22
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  5. 2024-06-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-05-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-03-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2021-07-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-07-01
    ➕
    GERRARD, Robert Clifford appointed
    director
  12. 2020-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-03-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-03-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2020-03-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2020-03-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2020-03-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2020-03-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2020-03-23
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  20. 2020-01-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2015-05-18
    ➕
    MILLS, Timothy Ian, Dr appointed
    director
  22. 2012-01-17
    ➕
    BEER, Stirling Dominic appointed
    director
  23. 2000-07-31
    ➕
    MILLS, Julie Mary, Dr appointed
    secretary
  24. 2000-07-31
    ➖
    GERRARD, Maureen resigned
    secretary
  25. 2000-07-31
    ➖
    GERRARD, Maureen resigned
    director
  26. 2000-07-31
    ➖
    GERRARD, Robert Clifford resigned
    director
  27. 1999-12-17
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  28. 1999-04-06
    ➕
    GERRARD, Andrew Robert appointed
    director
  29. 1999-04-06
    ➕
    MILLS, Julie Mary, Dr appointed
    director
  30. 1987-05-06
    🏢
    Company incorporated
    As BORDER ENGINEERING LIMITED

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 83 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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 83 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 39 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
Mr Andrew Robert Gerrard
Individual · British · DOB 01/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Dr Julie Mary Mills
Individual · British · DOB 03/1965 · age 61
25–50%
25–50%25-50% shares · 25-50% 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
Incorporated1987-05-06
Jurisdictionengland-wales
Primary SIC25620 — Machining

Registered office

260 - 270 Butterfield Great Marlings
Luton
Bedfordshire
LU2 8DL
England

Filing status

Accounts
Next due: 2026-07-30
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-03-28
Last: 2026-03-14

Officers (6 active · 3 resigned)

MILLS, Julie Mary, Dr→
secretary · appointed 2000-07-31
View their other companies + combined net worth →
Active
BEER, Stirling Dominic→
director · ~55y · appointed 2012-01-17
View their other companies + combined net worth →
Active
GERRARD, Andrew Robert→
director · ~63y · appointed 1999-04-06
View their other companies + combined net worth →
Active
GERRARD, Robert Clifford→
director · ~83y · appointed 2021-07-01
View their other companies + combined net worth →
Active
MILLS, Julie Mary, Dr→
director · ~61y · appointed 1999-04-06
View their other companies + combined net worth →
Active
MILLS, Timothy Ian, Dr→
director · ~67y · appointed 2015-05-18
View their other companies + combined net worth →
Active
GERRARD, Maureen→
secretary · resigned 2000-07-31
Resigned
GERRARD, Maureen→
director · ~86y · resigned 2000-07-31
Resigned
GERRARD, Robert Clifford→
director · ~83y · resigned 2000-07-31
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Dr J Mills / Mr a Gerrard
A registered charge1 property19/08/2024—
outstanding
HSBC
Hsbc Bank PLC
Debenture1 property17/12/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (128 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-23
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2024-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-04
change-person-director-company-with-change-date
officers · CH01
2023-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-22
appoint-person-director-company-with-name-date
officers · AP01
2022-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-25