B&N REFRIGERATION & AIRCONDITIONING LIMITED
🌳Matureactive
04781583 · ltd · incorporated 2003-05-30
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 2024
Net worth
£168.0k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 35300
Sector: Electricity, gas & energy
Investor take
PursueAsset-holding vehicle with a 84-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 84). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (71/100)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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
46 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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £167,980
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£168k
↑ 9.1% YoY
Current Assets
£175k
↑ 6.4% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £168.0k | £153.9k |
| Current assets | £175.5k | £164.9k |
| Net assets | £168.0k | £153.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-11📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2019-08-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-08-24📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-28📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-08-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-06-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-08-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-06-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2003-05-30🏢Company incorporatedAs B&N REFRIGERATION & AIRCONDITIONING LIMITED
- 2003-05-30➕MORLEY, Norman Gerald appointedsecretary
- 2003-05-30➕MORLEY, Norman Gerald appointeddirector
- 2003-05-30➕MORLEY, Philip Anthony, Mr. appointeddirector
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 84 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 84 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 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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 · Energy & utilities · HA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 360 WASTE REMOVAL LTD→ 16605123 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 7DAYS A WEEK SPECIALIST CLEANING LTD→ 16969267 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| A&D SERVICES LTD→ 16218547 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ABODE HEATING LTD→ 12936582 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ADMIRE GROUP LTD→ 12417670 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ALLTYPE HOSE LTD→ 16839426 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AM. WASTE (LONDON) LIMITED→ 05290272 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ASM AIRCONDITIONING LIMITED→ 07916376 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| B&N AIR CONDITIONING LTD→ 14794273 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BENY CLEARANCE LTD→ 16463893 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BERKSHIRE DRAINS LIMITED→ 08300783 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| BEST BEFORE PROJECT→ 08043750 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated2003-05-30
Jurisdictionengland-wales
Primary SIC35300 — SIC 35300
Registered office
28 Saint Thomas Drive
Hatch End Pinner
Middlesex
HA5 4SS
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-13
Last: 2025-05-30
Officers (3 active · 0 resigned)
MORLEY, Norman Gerald→
Activesecretary · appointed 2003-05-30
View their other companies + combined net worth →
MORLEY, Norman Gerald→
Activedirector · ~84y · appointed 2003-05-30
View their other companies + combined net worth →
MORLEY, Philip Anthony, Mr.→
Activedirector · ~50y · appointed 2003-05-30
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (46 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-09
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-11
change-account-reference-date-company-current-extended
accounts · AA01
2019-09-11
accounts-with-accounts-type-micro-entity
accounts · AA
2019-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-03