BINNIE MURRAY & HUTTON LIMITED

💤Zombieactive
SC263100 · ltd · incorporated 2004-02-06
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£1
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (75/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 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
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1
~ YoY
Current Assets
—
Current Liabilities
—
£0£0£0£1£1£1Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£1£1
Debtors£1£1
Net assets£1£1

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-11-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2022-03-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-03-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2022-01-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2021-12-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2021-12-01
    ➖
    MCLAY,MCALISTER & MCGIBBON, Messrs resigned
    secretary
  10. 2021-10-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-02-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-11-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2018-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-06-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-02-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2005-02-07
    ➖
    CLARK, James resigned
    secretary
  18. 2005-02-07
    ➕
    MCLAY,MCALISTER & MCGIBBON, Messrs appointed
    secretary
  19. 2004-02-12
    ➕
    HORSBURGH, Brian appointed
    director
  20. 2004-02-12
    ➕
    CLARK, James appointed
    secretary
  21. 2004-02-11
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  22. 2004-02-11
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  23. 2004-02-06
    🏢
    Company incorporated
    As BINNIE MURRAY & HUTTON LIMITED
  24. 2004-02-06
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  25. 2004-02-06
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

100/100
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 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Brian Horsburgh
Individual · British · DOB 03/1956 · age 70
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2004-02-06
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

1 Scotnish Cottages
Tayvallich
Lochgilphead
PA31 8PG
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-20
Last: 2026-02-06

Officers (1 active · 4 resigned)

HORSBURGH, Brian→
director · ~70y · appointed 2004-02-12
View their other companies + combined net worth →
Active
CLARK, James→
secretary · appointed 2004-02-12 · resigned 2005-02-07
Resigned
MCLAY,MCALISTER & MCGIBBON, Messrs→
secretary · appointed 2005-02-07 · resigned 2021-12-01
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2004-02-06 · resigned 2004-02-11
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2004-02-06 · resigned 2004-02-11
Resigned

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

Recent filings (64 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-17
accounts-with-accounts-type-dormant
accounts · AA
2022-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-13
accounts-with-accounts-type-dormant
accounts · AA
2022-03-21
gazette-filings-brought-up-to-date
gazette · DISS40
2022-03-03
gazette-notice-compulsory
gazette · GAZ1
2022-01-25
termination-secretary-company-with-name-termination-date
officers · TM02
2021-12-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-10-26
accounts-with-accounts-type-dormant
accounts · AA
2021-02-26