BOURTREE HOMES LIMITED

💤Zombieactive

SC268594 · ltd · incorporated 2004-06-01

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 Jun 2025

Net worth

£133.4k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Construction of domestic buildings

Sector: Construction

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pursue

Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 17.9y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 17.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

3 officers (2 active, 3 linked, 1 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

54 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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 £133,378

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£133k

↑ 9.4% YoY

Current Assets

£884

↑ 8.3% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£134.3k	£338.7k
Current assets	£884	£816
Net assets	£133.4k	£121.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-03-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-03-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-07-24
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-07-24
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-03-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-07-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-03-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-01
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-12-13
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2008-06-01
🔒
Charge registered #1
Lender: Royal Bank of Scotland PLC
2004-06-01
🏢
Company incorporated
As BOURTREE HOMES LIMITED
2004-06-01
➕
RENNIE, Audrey appointed
secretary
2004-06-01
➕
RENNIE, Graham appointed
director
2004-06-01
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2004-06-01
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

Owner dependency

93/100

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.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

95/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Graham Rennie Individual · British · DOB 05/1962 · age 64	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mrs Audrey Rennie Individual · British · DOB 03/1964 · age 62	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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

Similar companies

Active · Construction · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CADMOR CONSTRUCTION LIMITED→ SC883345 · est 2026 · no financials extracted	—	—	—	—	—	—	—
CAIRNGORM SYSTEMS LTD→ SC484777 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
CALA HOMES (WEST) LIMITED→ SC222577 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
CAMPBELL & MACINTOSH LIMITED→ SC357350 · est 2009 · no financials extracted	—	—	—	—	17y	—	—
CANNIESBURN LIMITED→ SC247755 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
CASTLE PLANT (DEESIDE) LIMITED→ SC099900 · est 1986 · no financials extracted	—	—	—	—	39y	—	—
CASTLEWOOD LEISURE CLUB LIMITED→ SC329739 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
CATER CAPITAL INVESTMENT LTD→ SC444341 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
CATER PROPERTY INVESTMENT LIMITED→ SC662919 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
CDC ELECTRICAL (SCOTLAND) LTD→ SC648604 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
CENTURION BUSINESS SOLUTIONS LIMITED→ SC101120 · est 1986 · no financials extracted	—	—	—	—	39y	—	—
CG ASSETS LTD→ SC668753 · est 2020 · no financials extracted	—	—	—	—	5y	—	—

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

Incorporated2004-06-01

Jurisdictionscotland

Primary SIC41202 — Construction of domestic buildings

Registered office

5 Easter Place

Portlethen

Aberdeen

AB12 4XL

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-06-15

Last: 2025-06-01

Officers (2 active · 1 resigned)

RENNIE, Audrey→

secretary · appointed 2004-06-01

View their other companies + combined net worth →

Active

RENNIE, Graham→

director · ~64y · appointed 2004-06-01

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2004-06-01 · resigned 2004-06-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	13/12/2010	—
	outstanding	Lloyds Banking Group Royal Bank of Scotland PLC	Bond & floating charge	1 property	01/06/2008	—

Click column headers to sort. Use filters above to narrow by status and lender.