THE BUSINESS INCENTIVES GROUP LIMITED

🌳Matureactive
SC347368 · ltd · incorporated 2008-08-20
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£55.7k
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 10.8y

30/100
under pressure

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

  • · Oldest live charge is 10.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
75 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 · accounting standard not declared
Positive net assets
Net assets £55,712
Cash YoY
-30%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£153k
↓ 30% YoY
Net Worth
£56k
↑ 57% YoY
Current Assets
£491k
↓ 18% YoY
Current Liabilities
—
£0£120k£240k£359k£479k£599kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£146.0k£204.8k
Current assets£490.9k£599.1k
Cash£153.0k£217.3k
Debtors£289.0k£301.3k
Net assets£55.7k£35.5k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-07-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-07-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-07-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-07-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-03-28
    ➖
    ADIE, Ian resigned
    director
  7. 2024-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-12-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-12-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2023-12-06
    🔓
    Charge satisfied #1
  11. 2023-11-29
    🔒
    Charge registered #2
    Lender: Atom Bank PLC
  12. 2023-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2023-09-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2023-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2023-09-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2023-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2023-09-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2022-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2022-03-03
    📄
    capital-cancellation-shares
    capital · SH06
  21. 2022-03-03
    📄
    capital-return-purchase-own-shares
    capital · SH03
  22. 2022-03-02
    📄
    capital-name-of-class-of-shares
    capital · SH08
  23. 2022-03-02
    📄
    memorandum-articles
    incorporation · MA
  24. 2022-03-02
    📄
    resolution
    resolution · RESOLUTIONS
  25. 2015-07-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  26. 2011-08-21
    ➖
    BROWN, Darren Mark resigned
    director
  27. 2009-07-06
    ➖
    MCKENDRICK, Barry resigned
    director
  28. 2008-08-20
    🏢
    Company incorporated
    As THE BUSINESS INCENTIVES GROUP LIMITED
  29. 2008-08-20
    ➕
    ADIE, Alan appointed
    director
  30. 2008-08-20
    ➕
    ADIE, Angela appointed
    director
  31. 2008-08-20
    ➕
    COSEC LIMITED appointed
    corporate-nominee-secretary
  32. 2008-08-20
    ➖
    COSEC LIMITED resigned
    corporate-nominee-secretary
  33. 2008-08-20
    ➕
    ADIE, Ian appointed
    director
  34. 2008-08-20
    ➕
    BROWN, Darren Mark appointed
    director
  35. 2008-08-20
    ➕
    MCKENDRICK, Barry appointed
    director
  36. 2008-08-20
    ➕
    CODIR LIMITED appointed
    corporate-director
  37. 2008-08-20
    ➖
    CODIR LIMITED resigned
    corporate-director
  38. 2008-08-20
    ➕
    COSEC LIMITED appointed
    corporate-nominee-director
  39. 2008-08-20
    ➖
    COSEC LIMITED 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 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — 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 candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. 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

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
NameSharesVoting rightsNature of controlNotified
Mrs Angela Adie
Individual · British · DOB 10/1957 · age 69
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr Alan Adie
Individual · British · DOB 01/1970 · age 56
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Ian Adieceased 28/03/2025· board control

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 · Holding company · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ELLISLAND PROPERTIES LIMITED→
SC230498 · est 2002
£3.39M
£2.88M–£3.89M
—£3.39M—24y8272y
KCM HOLDINGS (SCOTLAND) LTD.→
SC378862 · est 2010
£1.97M
£1.67M–£2.26M
—£1.97M—16y8264y
SCOTWELD GROUP SERVICES LIMITED→
SC183317 · est 1998
£1.85M
£1.58M–£2.13M
—£1.85M—28y8374y
JACDAW HOLDINGS LIMITED→
SC389903 · est 2010
£1.13M
£960.3k–£1.30M
—£1.13M—15y8269y
COOLEY PROPERTIES LIMITED→
SC300204 · est 2006
£765.3k
£650.5k–£880.1k
—£765.3k—20y8272y
MOULDED FOAMS (SCOTLAND) LTD→
SC311076 · est 2006
£435.6k
£370.2k–£500.9k
—£435.6k—19y8362y
MMA GROUP LIMITED→
SC179750 · est 1997
£384.4k
£326.8k–£442.1k
—£384.4k—28y8264y
A FORSYTH HOLDINGS LTD.→
SC249579 · est 2003
£328.7k
£279.4k–£378.0k
—£328.7k—23y8263y
FLAGSHIP HOTELS LIMITED→
SC230503 · est 2002
£234.4k
£199.2k–£269.5k
—£234.4k—24y8272y
ALEX MURRAY HOLDINGS LIMITED→
SC286427 · est 2005
£87.4k
£74.3k–£100.5k
—£87.4k—20y8286y
C SPARKS ELECTRICAL LIMITED→
SC242376 · est 2003
£30.0k
£25.5k–£34.5k
—£30.0k—23y8263y
ST JOHNSTOUN PROPERTY COMPANY (PERTH) LIMITED→
SC032850 · est 1958
£22.5k
£19.1k–£25.9k
—£22.5k—68y8287y
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
Incorporated2008-08-20
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

6th Floor Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-13
Last: 2025-07-30

Officers (2 active · 6 resigned)

ADIE, Alan→
director · ~56y · appointed 2008-08-20
View their other companies + combined net worth →
Active
ADIE, Angela→
director · ~69y · appointed 2008-08-20
View their other companies + combined net worth →
Active
COSEC LIMITED→
corporate-nominee-secretary · appointed 2008-08-20 · resigned 2008-08-20
Resigned
ADIE, Ian→
director · ~71y · appointed 2008-08-20 · resigned 2025-03-28
Resigned
BROWN, Darren Mark→
director · ~59y · appointed 2008-08-20 · resigned 2011-08-21
Resigned
MCKENDRICK, Barry→
director · ~56y · appointed 2008-08-20 · resigned 2009-07-06
Resigned
CODIR LIMITED→
corporate-director · appointed 2008-08-20 · resigned 2008-08-20
Resigned
COSEC LIMITED→
corporate-nominee-director · appointed 2008-08-20 · resigned 2008-08-20
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Atom Bank
Atom Bank PLC
A registered charge—29/11/2023—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—24/07/201506/12/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (75 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-30
termination-director-company-with-name-termination-date
officers · TM01
2025-07-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-13
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-08
change-person-director-company-with-change-date
officers · CH01
2023-09-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-08
change-person-director-company-with-change-date
officers · CH01
2023-09-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-08