BECAUSE OF BIRDS LIMITED

🌳Matureactive
SC321333 · ltd · incorporated 2007-04-17
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
—
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Turnover
—
year to Apr 2025
Net worth
£9.0k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
ALSO REGISTERED FOR
  • 47789Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

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

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
53 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £9,034
Net assets shrinking
Down £4,550 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£9k
↓ 33% YoY
Current Assets
£12k
↓ 11% YoY
Current Liabilities
—
£0£3k£5k£8k£11k£14kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£9.0k£13.6k
Current assets£12.2k£13.7k
Net assets£9.0k£13.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (23 events)Click to expand
  1. 2025-10-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-09-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2023-11-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-07-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-06-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-06-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-01-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-01-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-04-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-11-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2007-06-11
    ➕
    MACRAE, Heather appointed
    secretary
  17. 2007-06-11
    ➕
    MACRAE, Gary Ian appointed
    director
  18. 2007-06-11
    ➕
    MACRAE, Heather appointed
    director
  19. 2007-06-11
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  20. 2007-06-11
    ➖
    HUTCHESON, Iain Henderson resigned
    director
  21. 2007-04-17
    🏢
    Company incorporated
    As BECAUSE OF BIRDS LIMITED
  22. 2007-04-17
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  23. 2007-04-17
    ➕
    HUTCHESON, Iain Henderson appointed
    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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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
Mrs Heather Macrae
Individual · British · DOB 06/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting30/06/2016
Mr Gary Ian Macrae
Individual · British · DOB 06/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting30/06/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2007-04-17
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

28 Glengate
Kirriemuir
DD8 4HD
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-01
Last: 2026-04-17

Officers (3 active · 2 resigned)

MACRAE, Heather→
secretary · appointed 2007-06-11
View their other companies + combined net worth →
Active
MACRAE, Gary Ian→
director · ~58y · appointed 2007-06-11
View their other companies + combined net worth →
Active
MACRAE, Heather→
director · ~65y · appointed 2007-06-11
View their other companies + combined net worth →
Active
THORNTONS LAW LLP→
corporate-secretary · appointed 2007-04-17 · resigned 2007-06-11
Resigned
HUTCHESON, Iain Henderson→
director · ~64y · appointed 2007-04-17 · resigned 2007-06-11
Resigned

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

Recent filings (53 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-22
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-24
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-15