WEC MACHINING LTD

🌳Matureactive
00353015 · ltd · incorporated 1939-05-15
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
year to Dec 2024
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (85/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · 5 lenders · oldest 55.2y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 55.2 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
14 officers (2 active, 14 linked, 12 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
128 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees54005200

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • 1 confirmation-statement
Last 90 days
2
filings
  • 1 confirmation-statement
  • 1 officers
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2026-03-30
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  2. 2025-09-30
    SEDGLEY, Andrew Barrington resigned
    secretary
  3. 2025-09-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2025-07-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2024-10-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-10-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2024-10-08
    🔓
    Charge satisfied #5
  8. 2024-10-08
    🔓
    Charge satisfied #4
  9. 2024-08-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-08-20
    🔓
    Charge satisfied #3
  11. 2024-08-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2024-05-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2024-04-30
    🔒
    Charge registered #5
    Lender: Comerica Bank
  14. 2023-07-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2023-06-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2023-06-16
    🔒
    Charge registered #4
    Lender: Comerica Bank, N.A.
  17. 2022-08-09
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2021-08-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2020-12-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2020-12-23
    WILD, Wayne Anthony resigned
    director
  21. 2020-09-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  22. 2019-11-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2019-11-19
    🔒
    Charge registered #3
    Lender: Lloyds Bank PLC
  24. 2019-08-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  25. 2019-05-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  26. 2018-06-04
    SEDGLEY, Andrew Barrington appointed
    secretary
  27. 2018-05-23
    TIERNEY, Wayne appointed
    director
  28. 2018-05-23
    MEREDITH, Christopher resigned
    director
  29. 2018-05-23
    ROBERTS, Andrew resigned
    director
  30. 2018-05-01
    FITZPATRICK, Stephen James resigned
    director
  31. 2018-05-01
    MEREDITH, Christopher appointed
    director
  32. 2018-05-01
    ROBERTS, Andrew appointed
    director
  33. 2018-05-01
    WILD, Wayne Anthony appointed
    director
  34. 2016-11-10
    FITZPATRICK, Stephen James appointed
    director
  35. 2014-02-13
    APLIN, Paul resigned
    director
  36. 2010-04-30
    HARTLEY, James Stephen appointed
    director
  37. 2010-04-30
    DIXON, Vernethe resigned
    secretary
  38. 2010-04-30
    APLIN, Paul appointed
    director
  39. 2010-04-30
    DIXON, Alan resigned
    director
  40. 2010-04-30
    DIXON, Vernethe resigned
    director
  41. 2010-04-30
    PICKUP, Keith John resigned
    director
  42. 2010-04-20
    🔓
    Charge satisfied #2
  43. 2010-04-20
    🔓
    Charge satisfied #1
  44. 1996-03-14
    NUTTER, Dorothy Mary resigned
    director
  45. 1996-03-14
    NUTTER, Raymond resigned
    director
  46. 1993-03-31
    🔒
    Charge registered #2
    Lender: Royscot Trust PLC
  47. 1971-04-02
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  48. 1939-05-15
    🏢
    Company incorporated
    As WEC MACHINING LTD

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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

89/100
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 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 87 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Wec Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Wec Group Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
WEC MACHINING LTD
This company · 00353015

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%
NameSharesVoting rightsNature of controlNotified
Wec Group Holdings Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting28/03/2019
1 historic (ceased) PSC
  • Burnhart Holdings Ltdceased 28/03/2019· 75-100% shares · 75-100% 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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1939-05-15
Jurisdictionengland-wales
Primary SIC25620 — Machining

Registered office

Britannia House
Junction Street
Darwen
Lancashire
BB3 2RB

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-06-10
Last: 2026-05-27

Officers (2 active · 12 resigned)

HARTLEY, James Stephen
director · ~71y · appointed 2010-04-30
View their other companies + combined net worth →
Active
TIERNEY, Wayne
director · ~64y · appointed 2018-05-23
View their other companies + combined net worth →
Active
DIXON, Vernethe
secretary · resigned 2010-04-30
Resigned
SEDGLEY, Andrew Barrington
secretary · appointed 2018-06-04 · resigned 2025-09-30
Resigned
APLIN, Paul
director · ~73y · appointed 2010-04-30 · resigned 2014-02-13
Resigned
DIXON, Alan
director · ~81y · resigned 2010-04-30
Resigned
DIXON, Vernethe
director · ~79y · resigned 2010-04-30
Resigned
FITZPATRICK, Stephen James
director · ~59y · appointed 2016-11-10 · resigned 2018-05-01
Resigned
MEREDITH, Christopher
director · ~60y · appointed 2018-05-01 · resigned 2018-05-23
Resigned
NUTTER, Dorothy Mary
director · ~101y · resigned 1996-03-14
Resigned
NUTTER, Raymond
director · ~106y · resigned 1996-03-14
Resigned
PICKUP, Keith John
director · ~78y · resigned 2010-04-30
Resigned
ROBERTS, Andrew
director · ~51y · appointed 2018-05-01 · resigned 2018-05-23
Resigned
WILD, Wayne Anthony
director · ~59y · appointed 2018-05-01 · resigned 2020-12-23
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Comerica Bank
A registered charge30/04/202408/10/2024
satisfied
Comerica Bank, N.A.
A registered charge16/06/202308/10/2024
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge19/11/201920/08/2024
satisfied
Royscot Trust
Royscot Trust PLC
Assignment1 property31/03/199320/04/2010
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property02/04/197120/04/2010

Recent filings (128 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-27
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-03-30
termination-secretary-company-with-name-termination-date
officers · TM02
2025-09-30
accounts-with-accounts-type-small
accounts · AA
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-08
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-08
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-20
accounts-with-accounts-type-small
accounts · AA
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-09
accounts-with-accounts-type-small
accounts · AA
2023-07-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-13
accounts-with-accounts-type-small
accounts · AA
2022-08-09