BAIN & IRVINE LTD.

🌳Matureactive

SC299125 · ltd · incorporated 2006-03-17

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 19.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Roofing activities

Sector: Construction

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 19.9y

85/100

ready

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

· Oldest live charge is 19.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 23/100 — clean.

Data confidence

Overall: medium (73/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

10 officers (5 active, 10 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

2 connected companies via shared directors

Filing history

80 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-04-30
Average employees	9

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 2 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2025-12-31
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-20
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-06-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-29
➖
MILLAR, Norma Katherine resigned
secretary
2025-04-29
➖
MILLAR, Graeme resigned
director
2025-04-29
➖
MILLAR, Norma Katherine resigned
director
2025-04-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-04
🔓
Charge satisfied #1
2024-12-09
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2024-12-09
📄
capital-name-of-class-of-shares
capital · SH08
2024-12-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-02
➕
ANDERSON, Jamie Francis appointed
director
2024-12-02
➕
MCINTYRE, Brian appointed
director
2024-11-28
📄
memorandum-articles
incorporation · MA
2024-11-28
📄
resolution
resolution · RESOLUTIONS
2024-11-28
📄
capital-allotment-shares
capital · SH01
2024-11-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-27
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-11-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-26
➕
CHAN, Chiu Hoi appointed
director
2024-11-26
➕
CHAN, John appointed
director
2024-11-26
➕
HOWES, Gary appointed
director
2024-10-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-25
➖
KERR, Alan Thompson resigned
director
2015-03-06
➖
HILL, James resigned
director
2014-02-01
➕
KERR, Alan Thompson appointed
director
2006-05-16
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2006-03-17
🏢
Company incorporated
As BAIN & IRVINE LTD.
2006-03-17
➕
MILLAR, Norma Katherine appointed
secretary
2006-03-17
➕
HILL, James appointed
director
2006-03-17
➕
MILLAR, Graeme appointed
director
2006-03-17
➕
MILLAR, Norma Katherine appointed
director

Owner dependency

56/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 63 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 med ·

3 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MILLAR, Norma Katherine resigned 2025-04-29; MILLAR, Graeme resigned 2025-04-29; MILLAR, Norma Katherine resigned 2025-04-29

Group structure

The Durable Slate Co. is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

The Durable Slate Co.

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

BAIN & IRVINE LTD.

This company · SC299125

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
The Durable Slate Co. Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	26/11/2024

2 historic (ceased) PSCs

Mr Graeme Millarceased 26/11/2024· 50-75% shares · 50-75% voting
Mrs Norma Katherine Millarceased 26/11/2024· 25-50% shares · 25-50% voting

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 · Construction · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A.V.A PROPERTY SOLUTIONS LTD→ SC803023 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
AMRO DEVELOPMENT LIMITED→ SC539309 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
AQUARIUS THERMAL SYSTEMS LTD→ SC313788 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
ARTURUS ROOF SURVEYS LTD→ SC777782 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ATLANTIUS LIMITED→ SC594254 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
AU INTERIORS & BUILDING SERVICES LTD→ SC348318 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
B & D ROOFING LIMITED→ SC404384 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
BAACH LIMITED→ SC792987 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BARY LTD→ SC491333 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
BASS ROCK SCAFFOLDING LTD→ SC739099 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
BATES & GALLAGHER DEVELOPMENTS LTD→ SC810831 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BATH STREET COLLECTIVE CUSTOM BUILD LIMITED→ SC484582 · est 2014 · no financials extracted	—	—	—	—	11y	—	—

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

Incorporated2006-03-17

Jurisdictionscotland

Primary SIC43910 — Roofing activities

Registered office

Silverbirch Studios

Cavalry Park

Peebles

EH45 9BU

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-03-31

Last: 2026-03-17