BON-ACCORD ENGINEERING SUPPLIES (CASPIAN) LIMITED

🌳Matureactive
SC192592 · ltd · incorporated 1999-01-15
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2023
Net worth
£1.73M
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 46720SIC 46720
  • 46740SIC 46740
Investor take
Pursue
Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 22.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 22.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (70/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
17 officers (3 active, 17 linked, 10 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
130 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
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 £1,734,303

Key financials

1 year extracted from filed iXBRL accounts
Cash
£1.8m
Net Worth
£1.7m
Current Assets
£2.5m
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-12-31
Total assets£1.73M
Current assets£2.50M
Cash£1.78M
Debtors£706.7k
Net assets£1.73M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
  1. 2025-09-08
    📄
    accounts-with-accounts-type-group
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2023-07-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2022-09-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2022-03-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2021-08-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-08-02
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  8. 2021-05-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2021-05-06
    📄
    second-filing-notification-of-a-person-with-significant-control
    persons-with-significant-control · RP04PSC01
  10. 2021-05-06
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  11. 2021-04-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2021-04-07
    ➕
    MOULT, Roger Philip appointed
    director
  13. 2020-03-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2020-03-18
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  15. 2020-02-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-02-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2020-02-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2020-02-17
    ➕
    AKHUNDOV, Ilgar Agamirza appointed
    director
  19. 2020-02-17
    ➖
    THIEBLIN, Olivier resigned
    director
  20. 2020-02-17
    ➖
    PHOCEENNE resigned
    corporate-director
  21. 2019-12-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2019-06-27
    ➖
    GENOYER SAS resigned
    corporate-director
  23. 2019-06-27
    ➕
    PHOCEENNE appointed
    corporate-director
  24. 2018-01-30
    ➖
    DUDON, Arnaud Jean-Frangois resigned
    director
  25. 2018-01-30
    ➕
    THIEBLIN, Olivier appointed
    director
  26. 2016-05-01
    ➕
    MBM SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  27. 2015-06-27
    ➖
    KINGSLAND (SERVICES) LIMITED resigned
    corporate-secretary
  28. 2011-08-30
    ➕
    DUDON, Arnaud Jean-Frangois appointed
    director
  29. 2011-08-30
    ➖
    ONORATINI, Jerome Bernard Maria resigned
    director
  30. 2008-09-22
    ➕
    ONORATINI, Jerome Bernard Maria appointed
    director
  31. 2005-05-14
    🔓
    Charge satisfied #1
  32. 2005-05-13
    ➖
    HAMMOND, Christopher John resigned
    secretary
  33. 2005-05-13
    ➕
    KINGSLAND (SERVICES) LIMITED appointed
    corporate-secretary
  34. 2005-05-13
    ➖
    MORRISON, Robert resigned
    director
  35. 2005-05-13
    ➖
    SCOTT, Ian resigned
    director
  36. 2005-05-13
    ➖
    SHIRREFFS, Eveline Wilson resigned
    director
  37. 2005-05-13
    ➕
    GENOYER SAS appointed
    corporate-director
  38. 2005-05-12
    ➕
    HAMMOND, Christopher John appointed
    secretary
  39. 2005-05-12
    ➖
    LEDINGHAM CHALMERS resigned
    corporate-nominee-secretary
  40. 2005-05-04
    🔓
    Charge satisfied #2
  41. 2005-05-04
    🔓
    Charge satisfied #3
  42. 2004-11-03
    🔒
    Charge registered #2
    Lender: Bibby Trade Finance Limited
  43. 2004-11-02
    🔒
    Charge registered #3
    Lender: Bibby Factors International Limited
  44. 2003-09-15
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  45. 2002-05-13
    ➖
    DOWNIE, Margaret Rae resigned
    director
  46. 1999-10-05
    ➖
    KOCHARLI, Nigar resigned
    director
  47. 1999-03-01
    ➕
    KOCHARLI, Nigar appointed
    director
  48. 1999-02-15
    ➕
    DOWNIE, Margaret Rae appointed
    director
  49. 1999-02-15
    ➕
    MORRISON, Robert appointed
    director
  50. 1999-02-15
    ➕
    SCOTT, Ian appointed
    director
Showing most recent 50 of 55 events

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

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 67. 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 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ilgar Agamirza Akhundov
Individual · Azerbaijani · DOB 09/1974 · age 52
75–100%
75–100%75-100% shares · 75-100% voting18/03/2020

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1999-01-15
Jurisdictionscotland
Primary SIC46690 — Wholesale of other machinery and equipment

Registered office

Suite 2, Ground Floor Orchard Brae House
30 Queensferry Road
Edinburgh
EH4 2HS
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (3 active · 14 resigned)

MBM SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2016-05-01
View their other companies + combined net worth →
Active
AKHUNDOV, Ilgar Agamirza→
director · ~52y · appointed 2020-02-17
View their other companies + combined net worth →
Active
MOULT, Roger Philip→
director · ~67y · appointed 2021-04-07
View their other companies + combined net worth →
Active
HAMMOND, Christopher John→
secretary · appointed 2005-05-12 · resigned 2005-05-13
Resigned
KINGSLAND (SERVICES) LIMITED→
corporate-secretary · appointed 2005-05-13 · resigned 2015-06-27
Resigned
LEDINGHAM CHALMERS→
corporate-nominee-secretary · appointed 1999-01-15 · resigned 2005-05-12
Resigned
DOWNIE, Margaret Rae→
director · ~82y · appointed 1999-02-15 · resigned 2002-05-13
Resigned
DUDON, Arnaud Jean-Frangois→
director · ~52y · appointed 2011-08-30 · resigned 2018-01-30
Resigned
KOCHARLI, Nigar→
director · ~51y · appointed 1999-03-01 · resigned 1999-10-05
Resigned
MORRISON, Robert→
director · ~73y · appointed 1999-02-15 · resigned 2005-05-13
Resigned
ONORATINI, Jerome Bernard Maria→
director · ~57y · appointed 2008-09-22 · resigned 2011-08-30
Resigned
SCOTT, Ian→
director · ~82y · appointed 1999-02-15 · resigned 2005-05-13
Resigned
SHIRREFFS, Eveline Wilson→
director · ~78y · appointed 1999-02-15 · resigned 2005-05-13
Resigned
THIEBLIN, Olivier→
director · ~51y · appointed 2018-01-30 · resigned 2020-02-17
Resigned
DURANO LIMITED→
corporate-nominee-director · appointed 1999-01-15 · resigned 1999-02-15
Resigned
GENOYER SAS→
corporate-director · appointed 2005-05-13 · resigned 2019-06-27
Resigned
PHOCEENNE→
corporate-director · appointed 2019-06-27 · resigned 2020-02-17
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Bibby Financial Services
Bibby Trade Finance Limited
Floating charge1 property03/11/200404/05/2005
satisfied
Bibby Financial Services
Bibby Factors International Limited
Floating charge1 property02/11/200404/05/2005
satisfied
National Westminster Bank
National Westminster Bank PLC
Bond & floating charge1 property15/09/200314/05/2005

Recent filings (130 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-group
accounts · AA
2025-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-05
accounts-with-accounts-type-small
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-06
accounts-with-accounts-type-small
accounts · AA
2023-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-small
accounts · AA
2022-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-05
accounts-with-accounts-type-small
accounts · AA
2022-03-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-02
change-corporate-secretary-company-with-change-date
officers · CH04
2021-08-02
accounts-with-accounts-type-full
accounts · AA
2021-05-19
second-filing-notification-of-a-person-with-significant-control
persons-with-significant-control · RP04PSC01
2021-05-06
second-filing-of-director-appointment-with-name
officers · RP04AP01
2021-05-06