BONSQUARE 508 LIMITED

🌳Matureactive
SC166832 · ltd · incorporated 1996-07-05
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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 Dec 2024
Net worth
£294.3k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -47% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 29.6y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 29.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 5 with DOB)
80
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
121 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £294,279
Cash draining
Cash down 47% YoY
Cash YoY
-47%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£14k
↓ 47% YoY
Net Worth
£294k
↑ 2.4% YoY
Current Assets
£39k
↓ 27% YoY
Current Liabilities
—
£0£59k£118k£177k£235k£294kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.07M£287.5k
Current assets£38.9k£53.4k
Cash£13.6k£25.4k
Debtors£10.7k£15.9k
Net assets£294.3k£287.5k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-08-05
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  6. 2022-08-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-05-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2021-04-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2021-04-01
    ➕
    TRUSCOTT, Graham appointed
    director
  11. 2021-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-01-11
    ➖
    URQUHART, William Stephen resigned
    director
  13. 2021-01-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2019-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-02-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-02-25
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  17. 2019-02-25
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2019-02-21
    ➕
    PETERKINS appointed
    corporate-secretary
  19. 2019-02-21
    ➖
    RAEBURN CHRISTIE CLARK & WALLACE resigned
    corporate-secretary
  20. 2018-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2016-06-30
    🔓
    Charge satisfied #4
  22. 2014-05-09
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  23. 2014-05-09
    🔓
    Charge satisfied #3
  24. 2014-05-01
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  25. 2010-09-29
    🔓
    Charge satisfied #2
  26. 2010-09-29
    🔓
    Charge satisfied #1
  27. 2010-09-20
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  28. 2010-07-19
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  29. 2003-09-17
    ➖
    GRAY, Pamela Hardy resigned
    director
  30. 2002-11-19
    ➕
    RAEBURN CHRISTIE CLARK & WALLACE appointed
    corporate-secretary
  31. 2002-11-19
    ➖
    STRONACHS resigned
    corporate-secretary
  32. 1997-02-01
    ➖
    STEWART, Sheila Ann resigned
    director
  33. 1997-01-06
    ➖
    JAMES AND GEORGE COLLIE resigned
    corporate-secretary
  34. 1997-01-06
    ➕
    STRONACHS appointed
    corporate-secretary
  35. 1996-11-01
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  36. 1996-10-18
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  37. 1996-09-09
    ➕
    FLIN, David appointed
    director
  38. 1996-09-09
    ➕
    GRAY, Pamela Hardy appointed
    director
  39. 1996-09-09
    ➕
    STEWART, Sheila Ann appointed
    director
  40. 1996-09-09
    ➕
    URQUHART, William Stephen appointed
    director
  41. 1996-09-09
    ➖
    BONSQUARE NOMINEES LIMITED resigned
    corporate-director
  42. 1996-07-05
    🏢
    Company incorporated
    As BONSQUARE 508 LIMITED
  43. 1996-07-05
    ➕
    JAMES AND GEORGE COLLIE appointed
    corporate-secretary
  44. 1996-07-05
    ➕
    BONSQUARE NOMINEES LIMITED appointed
    corporate-director

Owner dependency

83/100
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.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 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 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 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
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

🔒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 · Hospitality · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
SODEXO REMOTE SITES HOLDINGS LIMITED→
SC191991 · est 1998
£5.84M
£4.38M–£7.30M
——027y8358y
SODEXO REMOTE SITES SCOTLAND LIMITED→
SC059276 · est 1976
£2.17M
£1.63M–£2.71M
£26.24M—1860050y9058y
BRUDOLFF HOTELS LIMITED→
SC094745 · est 1985
£28.9k
£21.6k–£36.1k
——9140y9471y
BALMEDIE FISH & CHIP SHOP LIMITED→
SC239883 · est 2002
——£66.7k—23y8361y
H.C.C.P. LTD.→
SC298267 · est 2006
——£161.2k—20y8370y
JEMAL LIMITED→
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———50018y8362y
MOUNTLOCH LIMITED→
SC210749 · est 2000
——£306.2k—25y8372y
ABERDEEN COMPOSITE COMPANY (1248) LIMITED→
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——£7.6k—23y8274y
BLU INNS LIMITED→
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——£3.0k—25y8273y
BRIAN MURRAY CATERING SERVICES LIMITED→
SC190064 · est 1998
——£275.2k—27y8267y
BRIARTEN LIMITED→
SC290126 · est 2005 · no financials extracted
————20y8270y
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——£1.22M—18y8262y
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
Incorporated1996-07-05
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

100 Union Street
Aberdeen
AB10 1QR
Scotland

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 (3 active · 7 resigned)

PETERKINS→
corporate-secretary · appointed 2019-02-21
View their other companies + combined net worth →
Active
FLIN, David→
director · ~71y · appointed 1996-09-09
View their other companies + combined net worth →
Active
TRUSCOTT, Graham→
director · ~69y · appointed 2021-04-01
View their other companies + combined net worth →
Active
JAMES AND GEORGE COLLIE→
corporate-secretary · appointed 1996-07-05 · resigned 1997-01-06
Resigned
RAEBURN CHRISTIE CLARK & WALLACE→
corporate-secretary · appointed 2002-11-19 · resigned 2019-02-21
Resigned
STRONACHS→
corporate-secretary · appointed 1997-01-06 · resigned 2002-11-19
Resigned
GRAY, Pamela Hardy→
director · ~78y · appointed 1996-09-09 · resigned 2003-09-17
Resigned
STEWART, Sheila Ann→
director · ~73y · appointed 1996-09-09 · resigned 1997-02-01
Resigned
URQUHART, William Stephen→
director · ~76y · appointed 1996-09-09 · resigned 2021-01-11
Resigned
BONSQUARE NOMINEES LIMITED→
corporate-director · appointed 1996-07-05 · resigned 1996-09-09
Resigned

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

Mortgages & charges

6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property09/05/2014—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—01/05/2014—
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security1 property20/09/201030/06/2016
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property19/07/201009/05/2014
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property01/11/199629/09/2010
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property18/10/199629/09/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (121 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-05
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2022-08-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-05-17
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-17