F.G. BURNETT LIMITED

🌳Matureactive

SC202175 · ltd · incorporated 1999-12-07

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.

Why now

Window opening · high confidence

More negotiable than before — 3 signals weakening over the last 30 days.

· Deal-killer verdict: clean → complicated
· Opportunity score: 83 → 77
· Hygiene score: 82 → 77
· PSC count: 7 → 8

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 26.2y old — refinance window within 12 months

What changed my view

Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 1 positive.

↓Deal-killer verdict: clean → complicated
↓Opportunity score: 83 → 77
↓Hygiene score: 82 → 77
↑PSC count: 7 → 8

Last 90 days

Picture worsened over the last 90 days — 3 negative signals vs 1 positive.

↓Deal-killer verdict: clean → complicated
↓Opportunity score: 83 → 77
↓Hygiene score: 82 → 77
↑PSC count: 7 → 8

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£1.01M

book net assets

Opportunity

77/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Real estate agencies

Sector: Real estate

Investor take

Pursue

Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. 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: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 26.2y

65/100

clean up first

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

· Oldest live charge is 26.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 30/100 — 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

25 officers (7 active, 25 linked, 21 with DOB)

Ownership & PSC

2 active PSC(s) of 8 total, 8 with control declared

Director network

1 connected companies via shared directors

Filing history

153 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

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 £1,014,056

Cash YoY

+38%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1.8m

↑ 38% YoY

Net Worth

£1.0m

↑ 36% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Cash	£1.83M	£1.33M
Net assets	£1.01M	£745.5k

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

• 1 capital
• 1 persons-with-significant-control
• 1 resolution

Last 90 days

filings

• 2 persons-with-significant-control
• 1 capital
• 1 resolution

Last 180 days

filings

• 2 persons-with-significant-control
• 1 capital
• 1 resolution

Counts from Companies House filing history.

Corporate timeline (67 events)Click to expand

2026-07-21
📄
capital-cancellation-shares
capital · SH06
2026-07-20
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-07-15
📄
resolution
resolution · RESOLUTIONS
2026-06-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-06-24
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-10
➖
NOBLE, Richard James resigned
director
2026-01-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-01
➕
DEANS, Corrie Lachlan appointed
director
2025-12-15
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-07
📄
change-person-director-company-with-change-date
officers · CH01
2025-07-09
📄
change-person-director-company-with-change-date
officers · CH01
2025-07-09
📄
change-person-director-company-with-change-date
officers · CH01
2025-07-09
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-10
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-10
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-06-10
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-10
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-10
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-10
📄
change-person-director-company-with-change-date
officers · CH01
2024-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-16
📄
memorandum-articles
incorporation · MA
2023-08-07
➖
WATT, Graeme Philip resigned
director
2023-05-01
➕
FOUBISTER, Iona appointed
director
2022-12-31
➖
MATHESON, Kenneth Andrew resigned
director
2021-10-01
➖
YANNAGHAS, Christopher resigned
director
2020-06-01
➕
FOSTER, Richard William appointed
director
2018-04-30
➕
NESBITT, Jonathan appointed
secretary
2018-04-30
➖
MACLEOD, David Lachlan resigned
secretary
2018-04-30
➖
MACLEOD, David Lachlan resigned
director
2018-03-01
➕
NISBET, Graeme Abercromby appointed
director
2016-06-24
➖
MACCUISH, Angus resigned
director
2016-05-01
➕
JOHNSTONE, Jim appointed
director
2016-05-01
➕
MACCUISH, Angus appointed
director
2016-04-30
➖
MACCUISH, Angus resigned
director
2015-08-28
➖
ORR, Stuart James Blair resigned
director
2015-01-16
➖
WHITE, Ewen David resigned
director
2013-01-25
➖
SCOTT, Robert Nairn resigned
director
2011-07-08
➖
SMITH, Gavin Liddell Kerr resigned
director
2010-10-25
➕
ORR, Stuart James Blair appointed
director
2010-10-25
➕
WHITE, Ewen David appointed
director
2010-09-01
➕
YANNAGHAS, Christopher appointed
director
2008-01-01
➕
SCOTT, Robert Nairn appointed
director
2006-05-01
➕
NESBITT, Jonathan appointed
director
2006-05-01
➕
SMITH, Gavin Liddell Kerr appointed
director
2005-08-11
➖
GOVE, Alastair John resigned
director
2004-05-01
➕
MACLEOD, David Lachlan appointed
secretary
2004-04-30
➖
KELLY, Gordon Stewart resigned
secretary

Showing most recent 50 of 67 events

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

50/100

Moderate signal

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

SIGNALS

primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Jim Johnstone Individual · British · DOB 12/1978 · age 48	25–50%	25–50%	25-50% shares · 25-50% voting	10/06/2026
Mr Jonathan Nesbitt Individual · British · DOB 07/1973 · age 53	25–50%	25–50%	25-50% shares · 25-50% voting	07/08/2023

6 historic (ceased) PSCs

Mr Graeme Philip Wattceased 07/08/2023· 25-50% shares
Mr James Johnstoneceased 27/06/2018· significant influence
Mr Richard James Nobleceased 10/06/2026· 25-50% shares
Mr Graeme Philip Wattceased 30/04/2023· 25-50% shares
Mr Jonathan Nesbittceased 27/06/2018· significant influence
Mr David Lachlan Macleodceased 22/06/2018· significant influence

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

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ART DECO CARRON RESTAURANT LTD.→ SC218207 · est 2001	£201.4k £171.2k–£231.6k	—	£201.4k	—	25y	82	62y
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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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated1999-12-07

Jurisdictionscotland

Primary SIC68310 — Real estate agencies

Registered office

33 Albyn Place

Aberdeen

Aberdeenshire

AB10 1YL

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-07-23

Last: 2026-07-09