BOILER AND VALVE ENGINEERING LIMITED

💤Zombieactive
SC524752 · ltd · incorporated 2016-01-20
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · medium confidence
Mixed signals — 2 changes over 30 days, no clear direction yet.
  • · Deal-killer verdict: workable → complicated
  • · PSC count: 1 → 2
What changed my view
Last 30 days

Mixed signals in the last 30 days — 1 improved, 1 worsened.

  • Deal-killer verdict: workablecomplicated
  • PSC count: 12
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 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

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 74/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 3.8y

35/100
under pressure

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

  • · Charge age ~3.8 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
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
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
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£0Dec 2023Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312023-12-31
Average employees221500

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
3
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
Last 90 days
3
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
Last 180 days
4
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-06-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2026-06-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-12-22
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  5. 2025-12-22
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  6. 2025-11-14
    📄
    legacy
    miscellaneous · ANNOTATION
  7. 2025-11-14
    📄
    legacy
    miscellaneous · ANNOTATION
  8. 2025-06-30
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  9. 2025-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-09-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2023-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-03-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2023-03-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-11-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2022-11-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2022-10-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2022-10-21
    🔒
    Charge registered #2
    Lender: Handelsbanken PLC
  18. 2022-10-21
    🔒
    Charge registered #1
    Lender: Handelsbanken PLC
  19. 2022-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2022-08-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2016-01-20
    🏢
    Company incorporated
    As BOILER AND VALVE ENGINEERING LIMITED
  22. 2016-01-20
    MACDONALD, Andrew appointed
    director

Owner dependency

80/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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.)

Group structure

Macdonald Industries Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Macdonald Industries Limited
Corporate parent · holds 75-100% shares
ultimate parent
BOILER AND VALVE ENGINEERING LIMITED
This company · SC524752

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Macdonald Industries Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting12/06/2026
1 historic (ceased) PSC
  • Mr Andrew Macdonaldceased 12/06/2026· 75-100% shares · 75-100% voting · board control

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 · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
COMPASS BUILDING AND CONSTRUCTION SERVICES LTD
SC355872 · est 2009
£8.17M
£5.83M£10.50M
12817y8253y
G & A BARNIE GROUP LIMITED
SC265415 · est 2004
£5.89M
£4.21M£7.58M
42622y8468y
HIGHLAND METALS LIMITED
SC061436 · est 1976
£3.87M
£2.77M£4.98M
3549y8871y
HIGHLAND DEEPHAVEN LIMITED
SC050016 · est 1972
£1.97M
£1.41M£2.54M
454y8371y
CRANLOCH LIMITED
SC237023 · est 2002
£10.4k23y8368y
DUNELAND LIMITED
SC174358 · est 1997
20029y8374y
ERG (SCOTLAND) LIMITED
SC195590 · est 1999
27y8359y
HIGHLAND HEATING MANAGEMENT LIMITED
SC296985 · est 2006
2020y8358y
LEWISTON ARMS LIMITED
SC319673 · est 2007
£32.6k19y8373y
ST BUILDING SERVICES (FORRES) LIMITED
SC358458 · est 2009
100017y8364y
A. DINGWALL LTD.
SC250022 · est 2003
£13.5k23y8266y
AML (HIGHLAND) LIMITED
SC374473 · est 2010
16y8267y
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
Incorporated2016-01-20
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

2 Balmakeith Business Park
Nairn
IV12 5QR
Scotland

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-07-03
Last: 2026-06-19

Officers (1 active · 0 resigned)

MACDONALD, Andrew
director · ~49y · appointed 2016-01-20
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge21/10/2022
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property21/10/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (40 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-07-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-06-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-21
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-12-22
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-12-22
legacy
miscellaneous · ANNOTATION
2025-11-14
legacy
miscellaneous · ANNOTATION
2025-11-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-02
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-17