IBT BUILDING & TIMBER (MERCHANTS) LTD
🌳Matureactive
SC229110 · ltd · incorporated 2002-03-13
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£4.67M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 46130
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 68-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 8.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 8.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · 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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
83 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £4,668,560
Cash YoY
+49%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1.9m
↑ 49% YoY
Net Worth
£4.7m
↑ 6.8% YoY
Current Assets
£6.5m
↑ 8.8% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £4.78M | £4.59M |
| Current assets | £6.49M | £5.96M |
| Cash | £1.86M | £1.25M |
| Debtors | £3.52M | £3.72M |
| Net assets | £4.67M | £4.37M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2025-06-30📄accounts-with-accounts-type-mediumaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-fullaccounts · AA
- 2023-11-13➕CARNEY, Gerard appointeddirector
- 2023-11-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-06-30📄accounts-with-accounts-type-fullaccounts · AA
- 2022-11-16📄change-person-director-company-with-change-dateofficers · CH01
- 2022-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-09-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-06-26📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2020-06-19📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2020-06-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-05-28🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2020-05-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-05-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-05-27🔓Charge satisfied #2
- 2020-05-27🔓Charge satisfied #1
- 2020-02-26📄resolutionresolution · RESOLUTIONS
- 2019-06-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-02-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-02-26📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-03-20🔒Charge registered #3Lender: Rbs Invoice Finance LTD
- 2018-02-15➖INNES, John resigneddirector
- 2018-02-15➖TURNBULL, James Allan resigneddirector
- 2018-02-13🔒Charge registered #2Lender: Eriden Properties LLP
- 2018-02-13🔒Charge registered #1Lender: Drumalbyn Properties LLP
- 2016-02-23➖LIDDELL, Barry resignedsecretary
- 2012-06-14➖PRESTON, James Jackson Wilson resigneddirector
- 2007-08-01➕PRESTON, James Jackson Wilson appointeddirector
- 2007-07-13➖LECK, Andrew Ritchie resigneddirector
- 2002-05-07➕TURNBULL, James Allan appointeddirector
- 2002-04-18➕INNES, John appointeddirector
- 2002-03-13🏢Company incorporatedAs IBT BUILDING & TIMBER (MERCHANTS) LTD
- 2002-03-13➕HOGG, Allan Gordon appointeddirector
- 2002-03-13➕LIDDELL, Barry appointedsecretary
- 2002-03-13➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2002-03-13➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2002-03-13➕LECK, Andrew Ritchie appointeddirector
- 2002-03-13➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2002-03-13➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
83/100
Critical — business is the founderThe 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 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 24 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Northumberland Merchants Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Northumberland Merchants Ltd
Corporate parent · holds 75-100% shares
⬇
IBT BUILDING & TIMBER (MERCHANTS) LTD
This company · SC229110
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 |
|---|---|---|---|---|
Northumberland Merchants Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 11/05/2018 |
2 historic (ceased) PSCs
- Mrs Ruth Isabelle Hoggceased 11/05/2018· 25-50% shares · 25-50% voting
- Mr Allan Gordon Hoggceased 11/05/2018· 25-50% shares · 25-50% voting
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 · Wholesale & distribution · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KANEH LIMITED→ SC883434 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| LEONG LTD→ SC825662 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| M & T PIPELINE SUPPLIES LIMITED→ SC241615 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| MARGIOTTA CATERING LIMITED→ SC334936 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| MD PACKAGING (SCOTLAND) LTD→ SC260661 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| MEGAWHITE GLOBAL LTD→ SC473572 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| MELROSE-DROVER LTD→ SC805288 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| MERIENDA LIMITED→ SC595286 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| MGW SEAFOODS LIMITED→ SC248994 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| MIDLAND ENGINEERING SERVICES LIMITED→ SC120669 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| MIGHTYOLU LTD→ SC834871 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MILI’S GIFT SHOP LTD→ SC793514 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2002-03-13
Jurisdictionscotland
Primary SIC46130 — SIC 46130
Registered office
65 Northumberland Street
Edinburgh
EH3 6JQ
Scotland
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-03-12
Last: 2026-02-26
Officers (2 active · 7 resigned)
CARNEY, Gerard→
Activedirector · ~54y · appointed 2023-11-13
View their other companies + combined net worth →
HOGG, Allan Gordon→
Activedirector · ~68y · appointed 2002-03-13
View their other companies + combined net worth →
LIDDELL, Barry→
Resignedsecretary · appointed 2002-03-13 · resigned 2016-02-23
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-03-13 · resigned 2002-03-13
INNES, John→
Resigneddirector · ~75y · appointed 2002-04-18 · resigned 2018-02-15
LECK, Andrew Ritchie→
Resigneddirector · ~86y · appointed 2002-03-13 · resigned 2007-07-13
PRESTON, James Jackson Wilson→
Resigneddirector · ~61y · appointed 2007-08-01 · resigned 2012-06-14
TURNBULL, James Allan→
Resigneddirector · ~67y · appointed 2002-05-07 · resigned 2018-02-15
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-03-13 · resigned 2002-03-13
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 28/05/2020 | — | |
| outstanding | NatWest Group Rbs Invoice Finance LTD | A registered charge | — | 20/03/2018 | — | |
| satisfied | Eriden Properties Eriden Properties LLP | A registered charge | — | 13/02/2018 | 27/05/2020 | |
| satisfied | Drumalbyn Properties Drumalbyn Properties LLP | A registered charge | — | 13/02/2018 | 27/05/2020 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (83 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-06
accounts-with-accounts-type-medium
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-26
accounts-with-accounts-type-full
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-26
appoint-person-director-company-with-name-date
officers · AP01
2023-11-13
accounts-with-accounts-type-full
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-27
change-person-director-company-with-change-date
officers · CH01
2022-11-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-30
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2020-06-26