BUTSON AND NORRINGTON LIMITED

🌳Matureactive
08965630 · ltd · incorporated 2014-03-28
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£985.7k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 70100Activities of head offices
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -56% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 12.0y

30/100
under pressure

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

  • · Oldest live charge is 12.0 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 (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
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 £985,729
Cash draining
Cash down 56% YoY
Cash YoY
-56%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£36k
↓ 56% YoY
Net Worth
£986k
↑ 120% YoY
Current Assets
£421k
↑ 143% YoY
Current Liabilities
—
£0£197k£394k£591k£789k£986kDec 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£2.96M£1.72M
Current assets£420.8k£173.1k
Cash£36.5k£83.5k
Debtors£384.3k£89.6k
Net assets£985.7k£448.4k

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

🔒Filing-note intelligence

4 signals 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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-group
    accounts · AA
  2. 2025-09-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-09-02
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  4. 2024-09-27
    📄
    accounts-with-accounts-type-group
    accounts · AA
  5. 2024-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-07-05
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  8. 2024-07-05
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  9. 2023-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-01-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2023-01-12
    🔒
    Charge registered #4
    Lender: The Agricultural Mortgage Corporation PLC
  12. 2022-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-03-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2021-03-18
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  16. 2020-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2018-01-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2018-01-24
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  21. 2017-09-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2014-08-15
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  23. 2014-03-28
    🏢
    Company incorporated
    As BUTSON AND NORRINGTON LIMITED
  24. 2014-03-28
    ➕
    BUTSON, Claire Shirley appointed
    director
  25. 2014-03-28
    ➕
    BUTSON, Mark Nicholas appointed
    director

Owner dependency

94/100
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.
  • +Founder name in company name: Company name contains director surname "BUTSON" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 12 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Mark Nicholas Butson
Individual · British · DOB 08/1962 · age 64
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Claire Shirley Butson
Individual · British · DOB 02/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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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
Incorporated2014-03-28
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Windover House
St. Ann Street
Salisbury
Wiltshire
SP1 2DR

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-11
Last: 2026-03-28

Officers (2 active · 0 resigned)

BUTSON, Claire Shirley→
director · ~57y · appointed 2014-03-28
View their other companies + combined net worth →
Active
BUTSON, Mark Nicholas→
director · ~64y · appointed 2014-03-28
View their other companies + combined net worth →
Active

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

Mortgages & charges

7
Total charges
7
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property02/09/2025—
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property05/07/2024—
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge2 properties05/07/2024—
outstanding
The Agricultural Mortgage Corporation
The Agricultural Mortgage Corporation PLC
A registered charge1 property12/01/2023—
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property18/03/2021—
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property24/01/2018—
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge2 properties15/08/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (35 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-17
accounts-with-accounts-type-group
accounts · AA
2025-09-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-02
accounts-with-accounts-type-group
accounts · AA
2024-09-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-10