FIONA BINNING DEVELOPMENTS LIMITED
💤Zombieactive
SC488924 · ltd · incorporated 2014-10-14
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 Oct 2024
Net worth
£-9.1k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
7 live charges · 5 lenders · oldest 9.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.8 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
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 · FRS 105 (micro)Negative net assets
Liabilities exceed assets by £9,149
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£9k
↓ 101% YoY
Current Assets
£9k
↑ 747% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £180.0k | £158.7k |
| Current assets | £9.5k | £1.1k |
| Net assets | £-9.1k | £-4.5k |
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
1
filing
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-01-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-15🔒Charge registered #7Lender: Paratus Amc Limited
- 2025-07-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-03🔓Charge satisfied #1
- 2024-05-22🔒Charge registered #6Lender: The Mortgage Works (UK) PLC
- 2023-12-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-22🔒Charge registered #5Lender: The Mortgage Lender Limited
- 2021-07-22🔒Charge registered #4Lender: The Mortgage Lender Limited
- 2020-08-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-07-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-07-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-05-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-10-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2016-10-24🔒Charge registered #3Lender: Shawbrook Bank Limited
- 2016-10-24🔒Charge registered #2Lender: Shawbrook Bank Limited
- 2016-07-06🔒Charge registered #1Lender: Shawbrook Bank Limted
- 2014-10-14🏢Company incorporatedAs FIONA BINNING DEVELOPMENTS LIMITED
- 2014-10-14➕BINNING, Fiona appointeddirector
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "BINNING" — strong identity link between founder and business.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 low6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Fiona Mary Binning Individual · British · DOB 05/1965 · age 61 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GBS LETS LTD→ SC444758 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| GCS DEVELOPMENTS (SCOTLAND) LTD→ SC531144 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| GEORGE WILSON PROPERTY COMPANY LIMITED→ SC033333 · est 1958 · no financials extracted | — | — | — | — | 67y | — | — |
| GEORGIA PROPERTIES LIMITED→ SC807883 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| GERARD MCGLADE LIMITED→ SC256642 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| GETLET LETTINGS LIMITED→ SC878508 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| GFB PROPERTIES LIMITED→ SC844954 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| GFS DEVELOPMENTS LTD.→ SC395388 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| GFS LAND LTD.→ SC395391 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| GGLH PROPERTIES LTD→ SC869362 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GGR PROPERTIES LTD→ SC852742 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GHULAM NABI PROPERTIES LTD→ SC572742 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2014-10-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
118 High Street
Lanark
ML11 7ES
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-05-26
Last: 2025-05-12
Officers (1 active · 0 resigned)
BINNING, Fiona→
Activedirector · ~61y · appointed 2014-10-14
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
6
Outstanding
4
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 15/01/2026 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 22/05/2024 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 22/07/2021 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 22/07/2021 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 24/10/2016 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 24/10/2016 | — | |
| satisfied | Shawbrook Shawbrook Bank Limted | A registered charge | 1 property | 06/07/2016 | 03/06/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (31 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-10
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-24