BOURTREE INVESTMENTS LIMITED

🌳Matureactive

SC190868 · ltd · incorporated 1998-11-06

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 22.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Activities of head offices

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), 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: 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 22.1y

65/100

clean up first

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

· Oldest live charge is 22.1 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: 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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

12 officers (4 active, 12 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

4 connected companies via shared directors

Filing history

104 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-11-30	2023-11-30
Average employees	—	0

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

🔒Filing-note intelligence

2 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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2025-08-01
📄
accounts-with-accounts-type-full
accounts · AA
2024-10-04
📄
accounts-with-accounts-type-small
accounts · AA
2023-09-05
📄
accounts-with-accounts-type-small
accounts · AA
2022-10-20
📄
accounts-with-accounts-type-small
accounts · AA
2021-08-03
📄
accounts-with-accounts-type-small
accounts · AA
2020-09-18
📄
accounts-with-accounts-type-small
accounts · AA
2019-06-10
📄
accounts-with-accounts-type-small
accounts · AA
2018-06-06
📄
accounts-with-accounts-type-small
accounts · AA
2017-08-07
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2017-06-09
📄
accounts-with-accounts-type-full
accounts · AA
2017-03-31
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2016-06-08
📄
accounts-with-accounts-type-full
accounts · AA
2015-11-06
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-10
📄
accounts-with-accounts-type-full
accounts · AA
2014-12-19
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-09-26
➖
ROBERTS, William Alexander resigned
director
2010-11-18
➖
MORRICE, Norman Panton resigned
director
2006-12-29
➖
HUTCHEON, Gordon resigned
director
2004-04-08
➕
ROBB, Gregor Alexander appointed
secretary
2004-04-08
➕
ROBB, Gregor Alexander appointed
director
2004-04-08
➖
HUTCHEON, Lorraine Elizabeth resigned
secretary
2004-04-08
➖
HUTCHEON, Lorraine Elizabeth resigned
director
2004-04-08
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1999-12-27
➖
MUTCH, John Edgar resigned
director
1999-11-23
➕
CAMPBELL, Gary David appointed
director
1999-11-23
➕
LEIPER, Martin appointed
director
1999-11-23
➕
MUTCH, John Edgar appointed
director
1999-11-23
➕
ROBERTS, William Alexander appointed
director
1999-03-31
➕
HUTCHEON, Lorraine Elizabeth appointed
secretary
1999-03-31
➖
MORONEY, Jill Lea resigned
nominee-secretary
1999-03-31
➕
HUTCHEON, Gordon appointed
director
1999-03-31
➕
HUTCHEON, Lorraine Elizabeth appointed
director
1999-03-31
➖
MCNIVEN, Alan Ross resigned
nominee-director
1999-03-31
➕
MORRICE, Norman Panton appointed
director
1998-11-06
🏢
Company incorporated
As BOURTREE INVESTMENTS LIMITED
1998-11-06
➕
MORONEY, Jill Lea appointed
nominee-secretary
1998-11-06
➕
MCNIVEN, Alan Ross appointed
nominee-director

Owner dependency

68/100

High — earn-out structure required

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

FACTORS

+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 28 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.)

Group structure

Hsb Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Hsb Holdings Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

BOURTREE INVESTMENTS LIMITED

This company · SC190868

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%

Name	Shares	Voting rights	Nature of control	Notified
Hsb Holdings Ltd Corporate entity	75–100%	—	75-100% shares	06/11/2016

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 →

Similar companies

Active · Professional services · AB postcode area

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GENERAL OCEANS UK HOLDINGS LTD→ SC308386 · est 2006	£9.77M £7.20M–£12.34M	—	—	0	19y	84	68y
HIGHLAND FUELS HOLDINGS LIMITED→ SC215790 · est 2001	£9.50M £7.00M–£12.00M	—	—	300	25y	88	62y
CRAIGSHANNOCH LIMITED→ SC191743 · est 1998	£5.90M £4.34M–£7.45M	£2.95M	—	300	27y	88	67y
HSB HOLDINGS LIMITED→ SC260511 · est 2003	£3.58M £2.64M–£4.52M	—	—	0	22y	84	61y
T D C PARSONS PEEBLES LIMITED→ SC663297 · est 2020	£2.76M £2.03M–£3.48M	£11.52M	—	5100	5y	87	77y
ROTECH HOLDINGS LIMITED→ SC148822 · est 1994	£1.97M £1.45M–£2.49M	£453.6k	—	0	32y	92	58y
WELLTEC (UK) LTD.→ SC204742 · est 2000	£134.9k £99.4k–£170.4k	£17.23M	—	3200	26y	85	62y
ACCURA MEASUREMENT LIMITED→ SC322109 · est 2007	—	—	£5.47M	—	19y	83	60y
ALLEN ASSOCIATES (H.P.E.) LIMITED→ SC201596 · est 1999 · no financials extracted	—	—	—	—	26y	83	59y
CONNECT NDT LIMITED→ SC205224 · est 2000	—	—	—	—	26y	83	70y
CUMMING & CO. (ABERDEEN) LTD.→ SC248131 · est 2003	—	—	£352.1k	—	23y	83	58y
ETPM LIMITED→ SC318161 · est 2007	—	—	—	1800	19y	83	63y

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

Incorporated1998-11-06

Jurisdictionscotland

Primary SIC70100 — Activities of head offices

Registered office

Bourtree House

Minto Drive Altens Industrial

Estate, Aberdeen

AB12 3LW

Filing status

Accounts

Next due: 2026-08-31

Last made up to: 2024-11-30

Confirmation statement

Next due: 2026-11-11

Last: 2025-10-28

Officers (4 active · 8 resigned)

ROBB, Gregor Alexander→

secretary · appointed 2004-04-08

View their other companies + combined net worth →

Active

CAMPBELL, Gary David→

director · ~59y · appointed 1999-11-23

View their other companies + combined net worth →

Active

LEIPER, Martin→

director · ~61y · appointed 1999-11-23

View their other companies + combined net worth →

Active

ROBB, Gregor Alexander→

director · ~60y · appointed 2004-04-08

View their other companies + combined net worth →

Active

HUTCHEON, Lorraine Elizabeth→

secretary · appointed 1999-03-31 · resigned 2004-04-08

Resigned

MORONEY, Jill Lea→

nominee-secretary · appointed 1998-11-06 · resigned 1999-03-31

Resigned

HUTCHEON, Gordon→

director · ~79y · appointed 1999-03-31 · resigned 2006-12-29

Resigned

HUTCHEON, Lorraine Elizabeth→

director · ~76y · appointed 1999-03-31 · resigned 2004-04-08

Resigned

MCNIVEN, Alan Ross→

nominee-director · ~76y · appointed 1998-11-06 · resigned 1999-03-31

Resigned

MORRICE, Norman Panton→

director · ~73y · appointed 1999-03-31 · resigned 2010-11-18

Resigned

MUTCH, John Edgar→

director · ~58y · appointed 1999-11-23 · resigned 1999-12-27

Resigned

ROBERTS, William Alexander→

director · ~67y · appointed 1999-11-23 · resigned 2013-09-26

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	08/04/2004	—

Click column headers to sort. Use filters above to narrow by status and lender.