BUTH BHEAG LTD

💤Zombieactive
SC504162 · ltd · incorporated 2015-04-23
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
—
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Turnover
—
year to Apr 2024
Net worth
£-251.1k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 3.4y

35/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~3.4 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
30 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
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £251,120

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
Net Worth
-£251k
Current Assets
£252k
Current Liabilities
—
-£251k-£150k-£50k£51k£152k£252kApr 2023Apr 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-04-302023-04-30
Total assets£-203.5k—
Current assets£252.5k—
Cash£6.7k—
Debtors£57.1k—
Net assets£-251.1k—

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-23
    ➕
    MCGOWAN, Christine Rose appointed
    secretary
  4. 2023-08-23
    ➖
    MCGOWAN, Christine Rose resigned
    director
  5. 2023-08-23
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  6. 2023-08-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2022-12-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2022-11-18
    🔒
    Charge registered #1
    Lender: Fiona Katherine Pollard
  9. 2022-10-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-06-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2020-06-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2020-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-07-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2019-07-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2019-07-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2019-02-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2015-04-23
    🏢
    Company incorporated
    As BUTH BHEAG LTD
  21. 2015-04-23
    ➕
    MCGOWAN, James appointed
    director
  22. 2015-04-23
    ➕
    MCGOWAN, Christine Rose appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • 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

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 Christine Rose Mcgowan
Individual · Scottish · DOB 09/1981 · age 45
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr James Mcgowan
Individual · Scottish · DOB 08/1973 · age 53
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2015-04-23
Jurisdictionscotland
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

24 - 26 Lewis Street
Stornoway
Isle Of Lewis
HS1 2JF
Scotland

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-05-07
Last: 2025-04-23

Officers (2 active · 1 resigned)

MCGOWAN, Christine Rose→
secretary · appointed 2023-08-23
View their other companies + combined net worth →
Active
MCGOWAN, James→
director · ~53y · appointed 2015-04-23
View their other companies + combined net worth →
Active
MCGOWAN, Christine Rose→
director · ~45y · appointed 2015-04-23 · resigned 2023-08-23
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Fiona Katherine Pollard
A registered charge—18/11/2022—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (30 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
appoint-person-secretary-company-with-name-date
officers · AP03
2023-08-23
termination-director-company-with-name-termination-date
officers · TM01
2023-08-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-25
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-26
change-person-director-company-with-change-date
officers · CH01
2020-06-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-23