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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 44.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
PursueStrong 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 44.8y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 44.8 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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · IFRS| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 100 | 100 |
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
- 2025-07-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-11-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-11-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-26➖BALD, Peter Douglas resigneddirector
- 2022-10-25➕BALD, Philip Peter appointeddirector
- 2022-10-25➕BALD, Renee appointeddirector
- 2022-10-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-10-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-31📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-01-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-01-06🔓Charge satisfied #4
- 2021-12-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-09-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-10-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2014-09-10🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2014-07-07🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1999-04-13🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 1997-03-03➕BALD, Renee appointedsecretary
- 1997-03-03➖BALD, Elizabeth Esther resignedsecretary
- 1997-03-03➖BALD, Douglas resigneddirector
- 1997-03-03➖BALD, Elizabeth Esther resigneddirector
- 1993-02-22🔓Charge satisfied #1
- 1981-07-20🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1978-12-20🏢Company incorporatedAs DOUGLAS BALD (HEATING ENGINEERS) LIMITED
Owner dependency
89/100
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.
- +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 signalMultiple 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 47 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Renee Bald Individual · British · DOB 06/1968 · age 58 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 26/10/2022 |
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 →Similar companies
Active · Construction · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| E.T. HIRE LIMITED→ SC144065 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| EDINBURGH’S FIRST RESPONSE ROOFING LTD→ SC707690 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| EDISTON LIONS LIMITED→ SC546446 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| EIDYN CONTRACTS LTD→ SC728287 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ELCH DBFM HOLDCO LIMITED→ SC535590 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ELECTRICAL CERTIFICATE SOLUTIONS LTD→ SC840140 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ELFORMA DEVELOPMENTS LIMITED→ SC585884 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ELTRAX LTD→ SC785355 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| EMAIN ENERGY LTD→ SC756222 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| EMBERVAULT GLOBAL LTD→ SC876785 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| EMPIRICAL CONSULT SCOTLAND LTD→ SC595927 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ENHANCE JOINERY WORX LTD→ SC824055 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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)
Active
BALD, Philip Peter→
Activedirector · ~63y · appointed 2022-10-25
View their other companies + combined net worth →
Active
BALD, Elizabeth Esther→
Resignedsecretary · resigned 1997-03-03
BALD, Douglas→
Resigneddirector · ~85y · resigned 1997-03-03
BALD, Elizabeth Esther→
Resigneddirector · ~84y · resigned 1997-03-03
BALD, Peter Douglas→
Resigneddirector · ~61y · resigned 2022-10-26
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 10/09/2014 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 07/07/2014 | 06/01/2022 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 13/04/1999 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 20/07/1981 | 22/02/1993 |
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