BALLINA CONSTRUCTION LIMITED

🌳Matureactive
SC280450 · ltd · incorporated 2005-02-23
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£215.2k
book net assets
Opportunity
83/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 58). 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

1 live charge · oldest 20.2y

65/100
clean up first

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

  • · Oldest live charge is 20.2 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 (76/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
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 £215,233
Cash YoY
-1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£269k
↓ 1.0% YoY
Net Worth
£215k
↑ 5.5% YoY
Current Assets
£306k
↓ 29% YoY
Current Liabilities
—
£0£86k£173k£259k£345k£432kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£218.4k£206.2k
Current assets£306.1k£431.5k
Cash£269.4k£272.1k
Debtors£6.7k£133.0k
Net assets£215.2k£204.0k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-03-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-06-27
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  6. 2024-06-18
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  7. 2023-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-01-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-03-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2006-03-02
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  17. 2005-03-07
    ➕
    RISI, Stephen John appointed
    secretary
  18. 2005-03-07
    ➕
    BONNAR, Patrick appointed
    director
  19. 2005-03-07
    ➕
    RISI, Stephen John appointed
    director
  20. 2005-02-24
    ➖
    HCS SECRETARIAL LIMITED resigned
    corporate-nominee-secretary
  21. 2005-02-24
    ➖
    HANOVER DIRECTORS LIMITED resigned
    corporate-nominee-director
  22. 2005-02-23
    🏢
    Company incorporated
    As BALLINA CONSTRUCTION LIMITED
  23. 2005-02-23
    ➕
    HCS SECRETARIAL LIMITED appointed
    corporate-nominee-secretary
  24. 2005-02-23
    ➕
    HANOVER DIRECTORS LIMITED appointed
    corporate-nominee-director

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Patrick Bonnar
Individual · British · DOB 07/1972 · age 54
25–50%
—25-50% shares06/04/2016
Mr Stephen John Risi
Individual · British · DOB 12/1968 · age 58
25–50%
—25-50% shares06/04/2016

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

Similar companies

Active · Construction · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
PEGASUS FIRE PROTECTION COMPANY LIMITED→
SC178102 · est 1997
£9.82M
£7.02M–£12.63M
——670028y8875y
MAXI CONSTRUCTION LIMITED→
SC048718 · est 1971
£9.09M
£6.50M–£11.69M
——4054y8882y
THE EDINBURGH SCHOOLS PARTNERSHIP LIMITED→
SC206930 · est 2000
£8.27M
£5.91M–£10.63M
——026y8465y
JOHN G. MACKINTOSH LIMITED→
SC281061 · est 2005
£6.96M
£4.97M–£8.95M
——24121y8866y
SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED→
SC392085 · est 2011
£6.04M
£4.31M–£7.76M
——1915y8569y
COLORADO CONSTRUCTION & ENGINEERING LIMITED→
SC311182 · est 2006
£3.04M
£2.17M–£3.90M
£21.12M—380019y8764y
GORDON BOW PLANT HIRE LTD→
SC135116 · est 1991
£1.57M
£1.12M–£2.02M
£9.21M—620034y8668y
GEORGE SHARKEY & SONS LIMITED→
SC164725 · est 1996
£779.7k
£556.9k–£1.00M
——6830y8466y
DATS - DESIGN AND TRAINING SOLUTIONS LTD→
SC441708 · est 2013
£1.5k
£1.1k–£1.9k
£81.2k—10013y10059y
3 ED SISTERCO LIMITED→
SC328041 · est 2007 · no financials extracted
————18y8365y
AMA CONSTRUCTION (EDINBURGH) LIMITED→
SC100586 · est 1986
———220039y8373y
ARMITSCOT DEVELOPMENTS LIMITED→
SC053538 · est 1973 · no financials extracted
————52y8361y
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
Incorporated2005-02-23
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

136 Queensferry Rd
Edinburgh
EH4 2BG

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-08
Last: 2026-02-22

Officers (3 active · 2 resigned)

RISI, Stephen John→
secretary · appointed 2005-03-07
View their other companies + combined net worth →
Active
BONNAR, Patrick→
director · ~54y · appointed 2005-03-07
View their other companies + combined net worth →
Active
RISI, Stephen John→
director · ~58y · appointed 2005-03-07
View their other companies + combined net worth →
Active
HCS SECRETARIAL LIMITED→
corporate-nominee-secretary · appointed 2005-02-23 · resigned 2005-02-24
Resigned
HANOVER DIRECTORS LIMITED→
corporate-nominee-director · appointed 2005-02-23 · resigned 2005-02-24
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property02/03/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
change-person-director-company-with-change-date
officers · CH01
2025-03-04
change-person-director-company-with-change-date
officers · CH01
2025-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2024-06-27
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-26