WEC MACHINING LTD
- · Thesis: well-run, low negotiation leverage
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
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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 5400 | 5200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 officers
- • 1 confirmation-statement
- • 1 officers
Corporate timeline (48 events)Click to expand
- 2026-03-30📄replacement-filing-of-director-appointment-with-nameofficers · RP01AP01
- 2025-09-30➖SEDGLEY, Andrew Barrington resignedsecretary
- 2025-09-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-07-22📄accounts-with-accounts-type-smallaccounts · AA
- 2024-10-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-08🔓Charge satisfied #5
- 2024-10-08🔓Charge satisfied #4
- 2024-08-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-20🔓Charge satisfied #3
- 2024-08-12📄accounts-with-accounts-type-smallaccounts · AA
- 2024-05-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-30🔒Charge registered #5Lender: Comerica Bank
- 2023-07-10📄accounts-with-accounts-type-smallaccounts · AA
- 2023-06-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-16🔒Charge registered #4Lender: Comerica Bank, N.A.
- 2022-08-09📄accounts-with-accounts-type-smallaccounts · AA
- 2021-08-27📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-12-23➖WILD, Wayne Anthony resigneddirector
- 2020-09-18📄accounts-with-accounts-type-smallaccounts · AA
- 2019-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-19🔒Charge registered #3Lender: Lloyds Bank PLC
- 2019-08-15📄accounts-with-accounts-type-smallaccounts · AA
- 2019-05-29📄change-person-director-company-with-change-dateofficers · CH01
- 2018-06-04➕SEDGLEY, Andrew Barrington appointedsecretary
- 2018-05-23➕TIERNEY, Wayne appointeddirector
- 2018-05-23➖MEREDITH, Christopher resigneddirector
- 2018-05-23➖ROBERTS, Andrew resigneddirector
- 2018-05-01➖FITZPATRICK, Stephen James resigneddirector
- 2018-05-01➕MEREDITH, Christopher appointeddirector
- 2018-05-01➕ROBERTS, Andrew appointeddirector
- 2018-05-01➕WILD, Wayne Anthony appointeddirector
- 2016-11-10➕FITZPATRICK, Stephen James appointeddirector
- 2014-02-13➖APLIN, Paul resigneddirector
- 2010-04-30➕HARTLEY, James Stephen appointeddirector
- 2010-04-30➖DIXON, Vernethe resignedsecretary
- 2010-04-30➕APLIN, Paul appointeddirector
- 2010-04-30➖DIXON, Alan resigneddirector
- 2010-04-30➖DIXON, Vernethe resigneddirector
- 2010-04-30➖PICKUP, Keith John resigneddirector
- 2010-04-20🔓Charge satisfied #2
- 2010-04-20🔓Charge satisfied #1
- 1996-03-14➖NUTTER, Dorothy Mary resigneddirector
- 1996-03-14➖NUTTER, Raymond resigneddirector
- 1993-03-31🔒Charge registered #2Lender: Royscot Trust PLC
- 1971-04-02🔒Charge registered #1Lender: Barclays Bank PLC
- 1939-05-15🏢Company incorporatedAs WEC MACHINING LTD
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +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
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- 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 ·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.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Wec Group Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 28/03/2019 |
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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (2 active · 12 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Comerica Bank | A registered charge | — | 30/04/2024 | 08/10/2024 | |
| satisfied | Comerica Bank, N.A. | A registered charge | — | 16/06/2023 | 08/10/2024 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 19/11/2019 | 20/08/2024 | |
| satisfied | Royscot Trust Royscot Trust PLC | Assignment | 1 property | 31/03/1993 | 20/04/2010 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 02/04/1971 | 20/04/2010 |