BINN RECYCLING

🌳Matureactive
SC299943 · private-unlimited · incorporated 2006-03-30
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
—
not disclosed
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Active trading company with a 81-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 81). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
7 officers (4 active, 7 linked, 2 with DOB)
76
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2019-10-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2019-10-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2019-10-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2019-10-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2016-04-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  6. 2015-04-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2014-04-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2013-04-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2012-04-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2012-04-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2011-05-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2011-05-25
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2011-05-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2011-05-06
    📄
    appoint-corporate-secretary-company-with-name
    officers · AP04
  15. 2011-05-06
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  16. 2011-04-28
    ➕
    GILLESPIE MACANDREW SECRETARIES LIMITED appointed
    corporate-secretary
  17. 2006-03-30
    🏢
    Company incorporated
    As BINN RECYCLING
  18. 2006-03-30
    ➕
    MACGREGOR, John Merchant appointed
    secretary
  19. 2006-03-30
    ➕
    MACGREGOR, Allan appointed
    director
  20. 2006-03-30
    ➕
    MACGREGOR, John Merchant appointed
    director
  21. 2006-03-30
    ➕
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  22. 2006-03-30
    ➖
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  23. 2006-03-30
    ➕
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  24. 2006-03-30
    ➖
    WATERLOW NOMINEES LIMITED resigned
    corporate-nominee-director
  25. 2006-03-30
    ➕
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-director
  26. 2006-03-30
    ➖
    WATERLOW SECRETARIES 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 20 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

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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
Mr Allan Macgregor
Individual · British · DOB 04/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr John Merchant Macgregor
Individual · British · DOB 07/1945 · age 81
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
2 historic (ceased) PSCs
  • Mr John Merchant Macgregorceased 06/04/2016· 25-50% shares · 25-50% voting
  • Mr Allan Macgregorceased 06/04/2016· 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 →

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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.

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Company details

Statusactive
Typeprivate-unlimited
Incorporated2006-03-30
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

5 Atholl Crescent
Edinburgh
Midlothian
EH3 8EJ

Filing status

Accounts
Next due: —
Last made up to: —
Confirmation statement
Next due: 2027-04-13
Last: 2026-03-30

Officers (4 active · 3 resigned)

MACGREGOR, John Merchant→
secretary · appointed 2006-03-30
View their other companies + combined net worth →
Active
GILLESPIE MACANDREW SECRETARIES LIMITED→
corporate-secretary · appointed 2011-04-28
View their other companies + combined net worth →
Active
MACGREGOR, Allan→
director · ~57y · appointed 2006-03-30
View their other companies + combined net worth →
Active
MACGREGOR, John Merchant→
director · ~81y · appointed 2006-03-30
View their other companies + combined net worth →
Active
WATERLOW SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2006-03-30 · resigned 2006-03-30
Resigned
WATERLOW NOMINEES LIMITED→
corporate-nominee-director · appointed 2006-03-30 · resigned 2006-03-30
Resigned
WATERLOW SECRETARIES LIMITED→
corporate-nominee-director · appointed 2006-03-30 · resigned 2006-03-30
Resigned

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

Recent filings (39 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-10-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-10-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-10-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-04-10
confirmation-statement-with-updates
confirmation-statement · CS01
2017-04-10
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-04-22