SEABRAES LIMITED

🌳Matureactive
SC365548 · ltd · incorporated 2009-09-15
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 16.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 16.5y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 16.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Average employees00

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
0
filings
Last 90 days
1
filing
  • • 1 capital
Last 180 days
3
filings
  • • 1 capital
  • • 1 resolution
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-02-05
    📄
    capital-allotment-shares
    capital · SH01
  2. 2025-11-06
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2025-10-09
    📄
    legacy
    miscellaneous · RP01SH01
  4. 2025-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-10-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-02-01
    📄
    capital-allotment-shares
    capital · SH01
  11. 2021-01-29
    📄
    memorandum-articles
    incorporation · MA
  12. 2021-01-29
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2020-10-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-05-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2019-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2018-07-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2017-01-12
    🔓
    Charge satisfied #1
  18. 2016-05-04
    ➖
    BENNETT, John Madden resigned
    director
  19. 2013-12-02
    ➖
    SANDEMAN, Andrew Ian resigned
    director
  20. 2012-11-01
    ➕
    BENNETT, John Madden appointed
    director
  21. 2009-11-02
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  22. 2009-09-15
    🏢
    Company incorporated
    As SEABRAES LIMITED
  23. 2009-09-15
    ➕
    PIRIE, Kenneth James appointed
    director
  24. 2009-09-15
    ➕
    PIRRIE, Mark Andrew appointed
    director
  25. 2009-09-15
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  26. 2009-09-15
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  27. 2009-09-15
    ➕
    HUTCHESON, Iain Henderson appointed
    director
  28. 2009-09-15
    ➖
    HUTCHESON, Iain Henderson resigned
    director
  29. 2009-09-15
    ➕
    SANDEMAN, Andrew Ian appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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
Mr Kenneth James Pirie
Individual · British · DOB 01/1966 · age 60
75–100%
50–75%board control75-100% shares · 75-100% voting · board control06/04/2016

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

6 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
Incorporated2009-09-15
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Seabraes
18 Greenmarket
Dundee
DD1 4QB

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-04
Last: 2025-10-21

Officers (2 active · 4 resigned)

PIRIE, Kenneth James→
director · ~60y · appointed 2009-09-15
View their other companies + combined net worth →
Active
PIRRIE, Mark Andrew→
director · ~59y · appointed 2009-09-15
View their other companies + combined net worth →
Active
THORNTONS LAW LLP→
corporate-secretary · appointed 2009-09-15 · resigned 2009-09-15
Resigned
BENNETT, John Madden→
director · ~80y · appointed 2012-11-01 · resigned 2016-05-04
Resigned
HUTCHESON, Iain Henderson→
director · ~64y · appointed 2009-09-15 · resigned 2009-09-15
Resigned
SANDEMAN, Andrew Ian→
director · ~78y · appointed 2009-09-15 · resigned 2013-12-02
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property02/11/200912/01/2017

Recent filings (65 total)

capital-allotment-shares
capital · SH01
2026-02-05
resolution
resolution · RESOLUTIONS
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
legacy
miscellaneous · RP01SH01
2025-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-27
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-29