BIRNAM DEVELOPMENTS LIMITED

🌳Matureactive
SC231140 · ltd · incorporated 2002-05-03
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£175.7k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 71-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 65/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 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

5 live charges · 2 lenders · oldest 23.0y

50/100
clean up first

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

  • · Oldest live charge is 23.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (85/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
79 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £175,702

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£176k
↑ 8.9% YoY
Current Assets
£45k
↑ 8.1% YoY
Current Liabilities
—
£0£35k£70k£105k£141k£176kSept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-09-302024-09-302023-09-30
Total assets£175.7k£161.3k£142.6k
Current assets£45.1k£41.7k£24.3k
Net assets£175.7k£161.3k£142.6k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-05-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-06-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-08-05
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2022-07-30
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  7. 2022-07-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2022-04-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-06-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-06-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-03-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-05-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-05-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-06-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-05-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2016-05-05
    🔓
    Charge satisfied #1
  17. 2009-10-23
    🔒
    Charge registered #5
    Lender: Royal Bank of Scotland PLC
  18. 2009-04-09
    🔒
    Charge registered #4
    Lender: Royal Bank of Scotland PLC
  19. 2003-07-17
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  20. 2003-07-17
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  21. 2003-06-09
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  22. 2003-03-17
    ➕
    RENNIE, Roselea appointed
    secretary
  23. 2003-03-17
    ➕
    RENNIE, Joseph Toal appointed
    director
  24. 2003-03-17
    ➕
    RENNIE, Roselea appointed
    director
  25. 2003-03-17
    ➖
    NIVEN, Timothy Eric resigned
    secretary
  26. 2003-03-17
    ➖
    NIVEN, William Macaulay resigned
    director
  27. 2002-05-03
    🏢
    Company incorporated
    As BIRNAM DEVELOPMENTS LIMITED
  28. 2002-05-03
    ➕
    NIVEN, Timothy Eric appointed
    secretary
  29. 2002-05-03
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  30. 2002-05-03
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  31. 2002-05-03
    ➕
    NIVEN, William Macaulay appointed
    director
  32. 2002-05-03
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  33. 2002-05-03
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

91/100
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 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Joseph Toal Rennie
Individual · British · DOB 01/1955 · age 71
25–50%
—25-50% shares30/06/2016

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

8 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
Incorporated2002-05-03
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Block 5 Chapelhall Industrial Estate
Chapelhall
Airdrie
Lanarkshire
ML6 8QH

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-05-17
Last: 2026-05-03

Officers (3 active · 4 resigned)

RENNIE, Roselea→
secretary · appointed 2003-03-17
View their other companies + combined net worth →
Active
RENNIE, Joseph Toal→
director · ~71y · appointed 2003-03-17
View their other companies + combined net worth →
Active
RENNIE, Roselea→
director · ~69y · appointed 2003-03-17
View their other companies + combined net worth →
Active
NIVEN, Timothy Eric→
secretary · appointed 2002-05-03 · resigned 2003-03-17
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2002-05-03 · resigned 2002-05-03
Resigned
NIVEN, William Macaulay→
director · ~93y · appointed 2002-05-03 · resigned 2003-03-17
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2002-05-03 · resigned 2002-05-03
Resigned

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

Mortgages & charges

5
Total charges
4
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property23/10/2009—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property09/04/2009—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property17/07/2003—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property17/07/2003—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property09/06/200305/05/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (79 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-19
gazette-filings-brought-up-to-date
gazette · DISS40
2022-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-04
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-07-30
gazette-notice-compulsory
gazette · GAZ1
2022-07-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-18