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 steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 26.0y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

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 Apr 2025

Net worth

£1.01M

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Real estate agencies

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 65-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 65). 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 26.0y

65/100

clean up first

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

· Oldest live charge is 26.0 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 (8 active, 25 linked, 21 with DOB)

Ownership & PSC

2 active PSC(s) of 7 total, 7 with control declared

Director network

1 connected companies via shared directors

Filing history

147 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

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.

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

Last 90 days

filings

Last 180 days

filing

• 1 officers

Counts from Companies House filing history.

Corporate timeline (67 events)Click to expand

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
2024-02-16
📄
resolution
resolution · RESOLUTIONS
2024-01-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-07
📄
change-person-director-company-with-change-date
officers · CH01
2023-08-30
📄
capital-return-purchase-own-shares
capital · SH03
2023-08-25
📄
change-person-director-company-with-change-date
officers · CH01
2023-08-09
📄
capital-cancellation-shares
capital · SH06
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

65/100

High — earn-out structure required

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

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 26 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 Jonathan Nesbitt Individual · British · DOB 07/1973 · age 53	25–50%	25–50%	25-50% shares · 25-50% voting	07/08/2023
Mr Richard James Noble Individual · British · DOB 10/1961 · age 65	25–50%	—	25-50% shares	06/04/2016

5 historic (ceased) PSCs

Mr Graeme Philip Wattceased 07/08/2023· 25-50% shares
Mr James Johnstoneceased 27/06/2018· significant influence
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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ROBERT WHITELAW (ABERDEEN) LIMITED→ SC053906 · est 1973	£4.35M £3.70M–£5.01M	—	£4.35M	—	52y	83	76y
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ABBOTSHALL SERVICES LIMITED→ SC305853 · est 2006	£581.0k £493.8k–£668.1k	—	£581.0k	—	19y	82	68y
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THISTLE STREET PROPERTIES LIMITED→ SC312791 · est 2006	£327.7k £278.5k–£376.8k	—	£327.7k	—	19y	83	61y
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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

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: 2026-07-23

Last: 2025-07-09