BINARY SYSTEMS (ABERDEEN) LIMITED

🌳Matureactive
SC163949 · ltd · incorporated 1996-03-07
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 Mar 2025
Net worth
£6.0k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pursue
Asset-holding vehicle with a 61-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £6,032
Net assets shrinking
Down £10,851 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£6k
↓ 64% YoY
Current Assets
£38k
↑ 66% YoY
Current Liabilities
—
£0£8k£15k£23k£30k£38kMar 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£6.0k£15.5k
Current assets£37.5k£22.6k
Net assets£6.0k£16.9k

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

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 (27 events)Click to expand
  1. 2026-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-10-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-09-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-08-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-03-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-03-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-06-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-03-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2001-03-30
    ➕
    MACLEOD, Mandy Burns appointed
    director
  17. 2000-04-28
    ➕
    MACLEOD, Mandy Burns appointed
    secretary
  18. 2000-04-28
    ➖
    MORRISON, Roderick resigned
    secretary
  19. 1996-05-07
    ➕
    MACLEOD, Alasdair appointed
    director
  20. 1996-05-07
    ➕
    MORRISON, Roderick appointed
    secretary
  21. 1996-05-07
    ➖
    PETERKINS resigned
    corporate-secretary
  22. 1996-05-07
    ➖
    HUNTER, Neil Cameron resigned
    nominee-director
  23. 1996-05-07
    ➖
    RENNIE, Thomas George resigned
    nominee-director
  24. 1996-03-07
    🏢
    Company incorporated
    As BINARY SYSTEMS (ABERDEEN) LIMITED
  25. 1996-03-07
    ➕
    PETERKINS appointed
    corporate-secretary
  26. 1996-03-07
    ➕
    HUNTER, Neil Cameron appointed
    nominee-director
  27. 1996-03-07
    ➕
    RENNIE, Thomas George appointed
    nominee-director

Owner dependency

84/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 61. Early succession window.
  • 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

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 Alasdair Macleod
Individual · Scottish · DOB 06/1965 · age 61
25–50%
25–50%25-50% shares · 25-50% voting07/04/2016
Mrs Mandy Burns Macleod
Individual · Scottish · DOB 01/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting07/04/2016

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

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.

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Company details

Statusactive
Typeltd
Incorporated1996-03-07
Jurisdictionscotland
Primary SIC62090 — Other information technology service activities

Registered office

137 Kings Gate
Aberdeen
Grampian
AB15 4ES

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-21
Last: 2026-03-07

Officers (3 active · 4 resigned)

MACLEOD, Mandy Burns→
secretary · appointed 2000-04-28
View their other companies + combined net worth →
Active
MACLEOD, Alasdair→
director · ~61y · appointed 1996-05-07
View their other companies + combined net worth →
Active
MACLEOD, Mandy Burns→
director · ~57y · appointed 2001-03-30
View their other companies + combined net worth →
Active
MORRISON, Roderick→
secretary · appointed 1996-05-07 · resigned 2000-04-28
Resigned
PETERKINS→
corporate-secretary · appointed 1996-03-07 · resigned 1996-05-07
Resigned
HUNTER, Neil Cameron→
nominee-director · ~69y · appointed 1996-03-07 · resigned 1996-05-07
Resigned
RENNIE, Thomas George→
nominee-director · ~79y · appointed 1996-03-07 · resigned 1996-05-07
Resigned

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

Recent filings (74 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-13
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-11