BUTE PROJECTS LIMITED

💤Zombieactive
SC695958 · ltd · incorporated 2021-04-16
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
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. 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: share sale to pe / searcher (73/100).

Data confidence

Overall: high (81/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£2k£4k£6k£8k£10kApr 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—£10.1k
Current assets—£10.1k
Net assets—£100

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
3
filings
  • • 1 accounts
  • • 1 officers
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-01-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-12-30
    ➖
    DAVIDSON, David Brian resigned
    director
  3. 2025-12-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-11-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-04-22
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  7. 2024-04-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-04-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-01-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2023-03-08
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  11. 2023-03-08
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2023-01-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-04-16
    🏢
    Company incorporated
    As BUTE PROJECTS LIMITED
  14. 2021-04-16
    ➕
    SHEVAS, Graeme Douglas appointed
    director
  15. 2021-04-16
    ➕
    DAVIDSON, David Brian appointed
    director
  16. 2021-04-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr David Brian Davidson
Individual · Scottish · DOB 10/1964 · age 62
50–75%
50–75%board controlsig. influence50-75% shares · 50-75% voting · board control · significant influence · firm interest16/04/2021
1 historic (ceased) PSC
  • Mr Graeme Douglas Shevasceased 15/04/2024· 25-50% shares · 25-50% voting · board control

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
Typeltd
Incorporated2021-04-16
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

Suite 1g, Ruby House 9 Luna Place
Dundee Technology Park
Dundee
DD2 1TY
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-29
Last: 2025-04-15

Officers (1 active · 1 resigned)

SHEVAS, Graeme Douglas→
director · ~58y · appointed 2021-04-16
View their other companies + combined net worth →
Active
DAVIDSON, David Brian→
director · ~62y · appointed 2021-04-16 · resigned 2025-12-30
Resigned

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

Recent filings (16 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-01-26
termination-director-company-with-name-termination-date
officers · TM01
2025-12-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-15
certificate-change-of-name-company
change-of-name · CERTNM
2024-04-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-04-19
accounts-with-accounts-type-dormant
accounts · AA
2024-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-28
certificate-change-of-name-company
change-of-name · CERTNM
2023-03-08
resolution
resolution · RESOLUTIONS
2023-03-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-29