A T BONE & SONS LIMITED
🌳Matureactive
03883065 · ltd · incorporated 1999-11-25
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
£8.17M
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
10 live charges · 8 lenders · oldest 26.3y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 26.3 years old — likely at or near maturity.
- · 8 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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
105 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
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 £8,173,101
Very low cash
Cash position: £2
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2
↓ 100% YoY
Net Worth
£8.2m
↑ 19% YoY
Current Assets
£3.1m
↑ 11% 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 | £16.62M | £14.72M |
| Current assets | £3.11M | £2.81M |
| Cash | £2 | £266.6k |
| Debtors | £2.17M | £1.76M |
| Net assets | £8.17M | £6.87M |
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
3
filings
- • 1 confirmation-statement
- • 1 accounts
- • 1 incorporation
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
- 2025-12-23📄accounts-with-accounts-type-mediumaccounts · AA
- 2025-12-21📄memorandum-articlesincorporation · MA
- 2025-11-28📄resolutionresolution · RESOLUTIONS
- 2025-01-31📄accounts-with-accounts-type-mediumaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-fullaccounts · AA
- 2023-12-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-13🔒Charge registered #10Lender: The Agricultural Mortgage Corporation PLC
- 2023-12-06📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-10-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-19🔒Charge registered #9Lender: Derek Edmund Williams
- 2023-10-19🔒Charge registered #8Lender: Derek Edmund Williams & Lesley Jayne Williams
- 2023-08-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-28🔒Charge registered #7Lender: Handelsbanken PLC
- 2023-07-27🔒Charge registered #6Lender: Handelsbanken PLC
- 2023-04-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-06🔓Charge satisfied #5
- 2023-04-06🔓Charge satisfied #3
- 2022-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-15📄change-person-director-company-with-change-dateofficers · CH01
- 2022-01-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-10📄change-person-director-company-with-change-dateofficers · CH01
- 2021-12-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-07-27🔒Charge registered #5Lender: Barclays Security Trustee Limited
- 2017-07-06➖BONE, Audrey resigneddirector
- 2017-05-31➕BONE, Rebecca Christine appointeddirector
- 2012-06-20➖BONE, Alan resignedsecretary
- 2012-06-20➖BONE, Alan resigneddirector
- 2007-03-30🔒Charge registered #4Lender: Amc Bank Limited
- 2003-04-26🔓Charge satisfied #2
- 2003-02-06🔒Charge registered #3Lender: Barclays Bank PLC
- 2000-02-09🔒Charge registered #2Lender: Hsbc Bank PLC
- 2000-02-09🔒Charge registered #1Lender: Amc Bank Limited
- 1999-11-25🏢Company incorporatedAs A T BONE & SONS LIMITED
- 1999-11-25➕BONE, Daniel appointeddirector
- 1999-11-25➕BONE, Russell Thomas appointeddirector
- 1999-11-25➕BONE, Alan appointedsecretary
- 1999-11-25➕DMCS SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1999-11-25➖DMCS SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1999-11-25➕BONE, Alan appointeddirector
- 1999-11-25➕BONE, Audrey appointeddirector
- 1999-11-25➕DMCS DIRECTORS LIMITED appointedcorporate-nominee-director
- 1999-11-25➖DMCS DIRECTORS LIMITED resignedcorporate-nominee-director
Owner dependency
91/100
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
- +Founder name in company name: Company name contains director surname "BONE" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
80/100
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 63. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 27 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Russell Thomas Bone Individual · British · DOB 02/1963 · age 63 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/06/2016 |
Mr Daniel Bone Individual · British · DOB 03/1967 · age 59 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 →Similar companies
Active · Agriculture · SG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 4SEASONS SPECIALIST TREE SURGEONS LIMITED→ 07988273 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| A R WORBOYS LIMITED→ 04726620 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| A. STUTLEY & SONS LIMITED→ 00269133 · est 1932 · no financials extracted | — | — | — | — | 93y | — | — |
| A.J.HART AND SON LIMITED→ 00782393 · est 1963 · no financials extracted | — | — | — | — | 62y | — | — |
| A.R. CARLISLE & SONS LIMITED→ 00465159 · est 1949 · no financials extracted | — | — | — | — | 77y | — | — |
| AGR TREE SURVEYS LTD→ 14919439 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ALEXANDER MACHINERY LIMITED→ 09572390 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ALPACA LODGE LIMITED→ 14552289 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALSWICK BLOODSTOCK LTD→ 15771014 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALSWICK HALL FARMS LIMITED→ 00691955 · est 1961 · no financials extracted | — | — | — | — | 64y | — | — |
| ANN PAULL AND CO. LIMITED→ 00867542 · est 1965 · no financials extracted | — | — | — | — | 60y | — | — |
| ARTEMIS ACADEMY CIC→ 14232538 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated1999-11-25
Jurisdictionengland-wales
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds
Registered office
Clements Farm Brickendon Lane
Brickendon
Hertford
SG13 8NS
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-09
Last: 2025-11-25
Officers (3 active · 5 resigned)
BONE, Daniel→
Activedirector · ~59y · appointed 1999-11-25
View their other companies + combined net worth →
BONE, Rebecca Christine→
Activedirector · ~35y · appointed 2017-05-31
View their other companies + combined net worth →
BONE, Russell Thomas→
Activedirector · ~63y · appointed 1999-11-25
View their other companies + combined net worth →
BONE, Alan→
Resignedsecretary · appointed 1999-11-25 · resigned 2012-06-20
DMCS SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1999-11-25 · resigned 1999-11-25
BONE, Alan→
Resigneddirector · ~97y · appointed 1999-11-25 · resigned 2012-06-20
BONE, Audrey→
Resigneddirector · ~90y · appointed 1999-11-25 · resigned 2017-07-06
DMCS DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 1999-11-25 · resigned 1999-11-25
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
7
Outstanding
5
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Agricultural Mortgage Corporation The Agricultural Mortgage Corporation PLC | A registered charge | — | 13/12/2023 | — | |
| outstanding | Derek Edmund Williams / Lesley Jane Williams | A registered charge | 1 property | 19/10/2023 | — | |
| outstanding | Derek Edmund Williams & Lesley Jayne Williams | A registered charge | 1 property | 19/10/2023 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 28/07/2023 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | — | 27/07/2023 | — | |
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | — | 27/07/2020 | 06/04/2023 | |
| outstanding | Amc Bank Amc Bank Limited | Legal charge | 1 property | 30/03/2007 | — | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 06/02/2003 | 06/04/2023 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 09/02/2000 | 26/04/2003 | |
| outstanding | Amc Bank Amc Bank Limited | Legal charge | 1 property | 09/02/2000 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (105 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-13
accounts-with-accounts-type-medium
accounts · AA
2025-12-23
memorandum-articles
incorporation · MA
2025-12-21
resolution
resolution · RESOLUTIONS
2025-11-28
accounts-with-accounts-type-medium
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-03
accounts-with-accounts-type-full
accounts · AA
2024-03-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-06
change-person-director-company-with-change-date
officers · CH01
2023-12-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-28