BORDER AGGREGATES LIMITED
🌳Matureactive
02737381 · ltd · incorporated 1992-08-05
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
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
PursueActive trading company with a 69-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (85/100, director aged 69). 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 (73/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 33.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 33.1 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 (58/100)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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 5 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 officers
Last 180 days
2
filings
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2026-03-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-02➖BILLINGTON, Terry resigneddirector
- 2025-12-29📄replacement-filing-of-director-appointment-with-nameofficers · RP01AP01
- 2025-09-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-09-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-09-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-04-20📄change-person-director-company-with-change-dateofficers · CH01
- 2023-04-20📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-12-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-12-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-12-08➕HETHERINGTON, Andrew appointeddirector
- 2020-08-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-08-12➖MASTERS, Carolyn Elizabeth resignedsecretary
- 2019-10-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-09-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-09-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-09-19➖ROGERSON, Harold Donald resigneddirector
- 2017-10-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2012-07-17🔓Charge satisfied #1
- 2011-09-07🔓Charge satisfied #3
- 2011-08-19🔓Charge satisfied #4
- 2011-08-19🔓Charge satisfied #2
- 2000-10-12➖BRENAN, Michael resigneddirector
- 1996-12-06🔒Charge registered #4Lender: Forward Trust Limited
- 1996-04-25➕BRENAN, Michael appointeddirector
- 1994-02-28🔒Charge registered #3Lender: Lloyds Bank PLC
- 1994-02-28🔒Charge registered #2Lender: J.J.Pelter & Sons Limited
- 1993-05-20🔒Charge registered #1Lender: Lloyds Bank PLC
- 1993-01-07➕MASTERS, Carolyn Elizabeth appointedsecretary
- 1993-01-07➖WALKER, David James resignedsecretary
- 1992-10-01➕PELTER, Stephen appointeddirector
- 1992-10-01➕ROGERSON, Harold Donald appointeddirector
- 1992-09-02➕WALKER, David James appointedsecretary
- 1992-09-02➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 1992-09-02➕BILLINGTON, Terry appointeddirector
- 1992-09-02➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
- 1992-08-05🏢Company incorporatedAs BORDER AGGREGATES LIMITED
- 1992-08-05➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 1992-08-05➕INSTANT COMPANIES LIMITED appointedcorporate-nominee-director
Owner dependency
83/100
Critical — business is the founderThe 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 34 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 34 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.
Group structure
Builders' Supply (Northwest) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Builders' Supply (Northwest) Limited
Corporate parent · holds 75-100% shares
⬇
BORDER AGGREGATES LIMITED
This company · 02737381
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Builders' Supply (Northwest) Limited Corporate entity | 75–100% | — | 75-100% shares | 05/08/2016 |
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.
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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
Incorporated1992-08-05
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999
Registered office
Scotland Road
Carnforth
Lancashire
LA5 9JZ
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-19
Last: 2025-08-05
Officers (2 active · 7 resigned)
HETHERINGTON, Andrew→
Activedirector · ~57y · appointed 2020-12-08
View their other companies + combined net worth →
PELTER, Stephen→
Activedirector · ~69y · appointed 1992-10-01
View their other companies + combined net worth →
MASTERS, Carolyn Elizabeth→
Resignedsecretary · appointed 1993-01-07 · resigned 2020-08-12
WALKER, David James→
Resignedsecretary · appointed 1992-09-02 · resigned 1993-01-07
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-08-05 · resigned 1992-09-02
BILLINGTON, Terry→
Resigneddirector · ~82y · appointed 1992-09-02 · resigned 2026-03-02
BRENAN, Michael→
Resigneddirector · ~83y · appointed 1996-04-25 · resigned 2000-10-12
ROGERSON, Harold Donald→
Resigneddirector · ~95y · appointed 1992-10-01 · resigned 2018-09-19
INSTANT COMPANIES LIMITED→
Resignedcorporate-nominee-director · appointed 1992-08-05 · resigned 1992-09-02
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Forward Trust Forward Trust Limited | Chattels mortgage | 1 property | 06/12/1996 | 19/08/2011 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Legal charge | 1 property | 28/02/1994 | 07/09/2011 | |
| satisfied | J.J.Pelter & Sons J.J.Pelter & Sons Limited | Legal charge | 1 property | 28/02/1994 | 19/08/2011 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 20/05/1993 | 17/07/2012 |
Recent filings (101 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-03-27
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2025-12-29
accounts-with-accounts-type-dormant
accounts · AA
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-16
accounts-with-accounts-type-dormant
accounts · AA
2024-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-16
accounts-with-accounts-type-dormant
accounts · AA
2023-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-18
change-person-director-company-with-change-date
officers · CH01
2023-04-20
change-person-director-company-with-change-date
officers · CH01
2023-04-20
accounts-with-accounts-type-dormant
accounts · AA
2022-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-18
accounts-with-accounts-type-dormant
accounts · AA
2021-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-06
accounts-with-accounts-type-dormant
accounts · AA
2020-12-19