BINN GROUP LIMITED
Opportunity 78/100 (strong), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. 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 (65/100).
Refinance opportunity
7 live charges · 5 lenders · oldest 24.4y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 24.4 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | — | £9.39M |
| Current assets | — | £8.15M |
| Cash | — | £1.38M |
| Debtors | — | £6.63M |
| Net assets | — | £5.68M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
- • 1 accounts
Corporate timeline (48 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-mediumaccounts · AA
- 2025-04-01➕MACGREGOR, Guy George Monce appointeddirector
- 2025-04-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-03-24✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-03-24📄resolutionresolution · RESOLUTIONS
- 2025-02-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-11➕MORRISON, Irvine John appointeddirector
- 2024-08-27📄accounts-with-accounts-type-fullaccounts · AA
- 2024-01-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-09🔓Charge satisfied #7
- 2023-10-31📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-22📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-04📄accounts-with-accounts-type-fullaccounts · AA
- 2021-04-09📄accounts-with-accounts-type-fullaccounts · AA
- 2019-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2018-12-05📄accounts-with-accounts-type-fullaccounts · AA
- 2018-01-08📄accounts-with-accounts-type-fullaccounts · AA
- 2017-05-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-05-01➕HARKINS, Brian appointeddirector
- 2017-01-26🔓Charge satisfied #4
- 2017-01-26🔓Charge satisfied #2
- 2016-07-27🔒Charge registered #7Lender: Hsbc Bank PLC
- 2016-05-10🔓Charge satisfied #1
- 2016-04-21🔓Charge satisfied #3
- 2016-04-01🔒Charge registered #6Lender: Hsbc Bank PLC
- 2016-03-14🔒Charge registered #5Lender: Hsbc Invoice Finance (UK) LTD
- 2015-12-11➕SANDERSON, David Duncan appointeddirector
- 2011-04-28➕GILLESPIE MACANDREW SECRETARIES LIMITED appointedcorporate-secretary
- 2011-04-28➖1924 NOMINEES LIMITED resignedcorporate-secretary
- 2011-02-28🔒Charge registered #4Lender: Bank of Scotland PLC
- 2008-12-17➕1924 NOMINEES LIMITED appointedcorporate-secretary
- 2008-12-17➖ABL (SECRETARIES) LIMITED resignedcorporate-secretary
- 2006-10-13🔒Charge registered #3Lender: Sita UK Limited
- 2004-11-01➖KING, Allan Duncan resigneddirector
- 2004-11-01➖KING, Allan Gilbert resigneddirector
- 2002-01-11🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2001-11-21🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2001-09-11🏢Company incorporatedAs BINN GROUP LIMITED
- 2001-09-11➕MACGREGOR, Allan appointeddirector
- 2001-09-11➕MACGREGOR, John Merchant appointeddirector
- 2001-09-11➕ABL (SECRETARIES) LIMITED appointedcorporate-secretary
- 2001-09-11➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2001-09-11➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2001-09-11➕KING, Allan Duncan appointeddirector
- 2001-09-11➕KING, Allan Gilbert appointeddirector
- 2001-09-11➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
- 2001-09-11➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -6 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primaryFamily succession underway: Not a takeover target — MACGREGOR, Guy George Monce (same surname) appointed 2025-04-01. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-03-24: certificate-change-of-name-company
Group structure
Binn Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Binn Group Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (7 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 27/07/2016 | 09/01/2024 | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | — | 01/04/2016 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 14/03/2016 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 28/02/2011 | 26/01/2017 | |
| satisfied | Sita UK Sita UK Limited | Standard security | 1 property | 13/10/2006 | 21/04/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 11/01/2002 | 26/01/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 21/11/2001 | 10/05/2016 |