DOUGLAS BALD (HEATING ENGINEERS) LIMITED

🌳Matureactive
SC066659 · ltd · incorporated 1978-12-20
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 44.9y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · oldest 44.9y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 44.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
105 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2025-06-302024-06-30
Average employees100100

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
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-07-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-11-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2022-11-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2022-11-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-10-26
    ➖
    BALD, Peter Douglas resigned
    director
  9. 2022-10-25
    ➕
    BALD, Philip Peter appointed
    director
  10. 2022-10-25
    ➕
    BALD, Renee appointed
    director
  11. 2022-10-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2022-10-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2022-08-31
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  14. 2022-01-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2022-01-06
    🔓
    Charge satisfied #4
  16. 2021-12-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2021-09-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2020-10-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2019-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2018-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2014-09-10
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  22. 2014-07-07
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  23. 1999-04-13
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  24. 1997-03-03
    ➕
    BALD, Renee appointed
    secretary
  25. 1997-03-03
    ➖
    BALD, Elizabeth Esther resigned
    secretary
  26. 1997-03-03
    ➖
    BALD, Douglas resigned
    director
  27. 1997-03-03
    ➖
    BALD, Elizabeth Esther resigned
    director
  28. 1993-02-22
    🔓
    Charge satisfied #1
  29. 1981-07-20
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  30. 1978-12-20
    🏢
    Company incorporated
    As DOUGLAS BALD (HEATING ENGINEERS) LIMITED

Owner dependency

89/100
Critical — business is the founder

The 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.
  • +Founder name in company name: Company name contains director surname "BALD" — strong identity link between founder and business.
  • +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

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 48 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Renee Bald
Individual · British · DOB 06/1968 · age 58
75–100%
75–100%75-100% shares · 75-100% voting26/10/2022
1 historic (ceased) PSC
  • Mr Peter Douglas Baldceased 26/10/2022· 25-50% shares · 25-50% voting

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

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
Incorporated1978-12-20
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

Malcolmstone
Long Dalmahoy Road
Currie
Midlothian
EH14 4AD

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24

Officers (3 active · 4 resigned)

BALD, Renee→
secretary · appointed 1997-03-03
View their other companies + combined net worth →
Active
BALD, Philip Peter→
director · ~63y · appointed 2022-10-25
View their other companies + combined net worth →
Active
BALD, Renee→
director · ~58y · appointed 2022-10-25
View their other companies + combined net worth →
Active
BALD, Elizabeth Esther→
secretary · resigned 1997-03-03
Resigned
BALD, Douglas→
director · ~85y · resigned 1997-03-03
Resigned
BALD, Elizabeth Esther→
director · ~84y · resigned 1997-03-03
Resigned
BALD, Peter Douglas→
director · ~61y · resigned 2022-10-26
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property10/09/2014—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—07/07/201406/01/2022
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property13/04/1999—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property20/07/198122/02/1993
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (105 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-11-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-11-02
termination-director-company-with-name-termination-date
officers · TM01
2022-11-02
appoint-person-director-company-with-name-date
officers · AP01
2022-10-25
appoint-person-director-company-with-name-date
officers · AP01
2022-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-28
change-account-reference-date-company-previous-extended
accounts · AA01
2022-08-31
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-06