BINNIE ELECTRICAL LIMITED
🌳Matureactive
SC341127 · ltd · incorporated 2008-04-10
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 17.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£344.0k
book net assets
Opportunity
81/100
Exceptional
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
PursueActive trading company with a 67-year-old founder — textbook succession opportunity.
Opportunity 81/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 67). 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 17.7y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 17.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
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
82
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 £344,021
Cash YoY
+8%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£207k
↑ 7.7% YoY
Net Worth
£344k
↑ 10% 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 | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Cash | £206.7k | £191.9k |
| Net assets | £344.0k | £312.4k |
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
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-07-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-23📍move-registers-to-registered-office-company-with-new-addressaddress · AD04
- 2024-10-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-10-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-04-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-10-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-27📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2019-02-27📍change-sail-address-company-with-new-addressaddress · AD02
- 2018-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2008-08-07🔒Charge registered #1Lender: Royal Bank of Scotland PLC
- 2008-04-10🏢Company incorporatedAs BINNIE ELECTRICAL LIMITED
- 2008-04-10➕BINNIE, Christina appointedsecretary
- 2008-04-10➕BINNIE, Christina appointeddirector
- 2008-04-10➕BINNIE, Finlay George appointeddirector
- 2008-04-10➕BRIAN REID LTD. appointedcorporate-secretary
- 2008-04-10➖BRIAN REID LTD. resignedcorporate-secretary
- 2008-04-10➕STEPHEN MABBOTT LTD. appointedcorporate-director
- 2008-04-10➖STEPHEN MABBOTT LTD. resignedcorporate-director
Owner dependency
100/100
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.
- +Founder name in company name: Company name contains director surname "BINNIE" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
79/100
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 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Christina Binnie Individual · British · DOB 12/1959 · age 67 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Finlay George Binnie Individual · British · DOB 06/1960 · age 66 | 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.
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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
Incorporated2008-04-10
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
C/O Johnston Carmichael Bishop's Court
29 Albyn Place
Aberdeen
AB10 1YL
Scotland
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-04-19
Last: 2026-04-05
Officers (3 active · 2 resigned)
Active
BINNIE, Christina→
Activedirector · ~67y · appointed 2008-04-10
View their other companies + combined net worth →
BINNIE, Finlay George→
Activedirector · ~66y · appointed 2008-04-10
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2008-04-10 · resigned 2008-04-10
STEPHEN MABBOTT LTD.→
Resignedcorporate-director · appointed 2008-04-10 · resigned 2008-04-10
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 07/08/2008 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (57 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-21
move-registers-to-registered-office-company-with-new-address
address · AD04
2025-06-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-04-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-04-26
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-21