DESTEC ENGINEERING LIMITED

📈Growthactive
00946573 · ltd · incorporated 1969-01-23
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 50.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
£13.48M
year to Feb 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
Pursue
Conservative operator with a 88-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 88). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

9 live charges · 2 lenders · oldest 50.0y

80/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 50.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (79/100)

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

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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
117 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £2,160,649
Strong revenue growth
Turnover up 30% YoY
Turnover YoY
+30%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-28
Turnover£13.48M£10.35M
Gross profit£4.94M£3.22M
Operating profit£1.96M£632.3k
Profit before tax£2.16M£761.0k
Average employees81008500

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

🔒Filing-note intelligence

3 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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  2. 2025-11-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-10-08
    ➖
    MACLACHLAN, John Alan Stewart resigned
    director
  4. 2024-11-28
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  5. 2024-02-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2023-02-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2023-01-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2023-01-11
    🔓
    Charge satisfied #9
  9. 2022-01-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2021-11-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2021-02-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2021-02-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-07-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-09-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2018-07-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2017-11-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2017-11-08
    🔒
    Charge registered #9
    Lender: National Westminster Bank PLC
  18. 2017-09-20
    ➕
    ANDREWS, Karyn Louise, M/S appointed
    secretary
  19. 2017-09-20
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  20. 2017-08-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2017-08-13
    ➖
    PORTER, Janet resigned
    secretary
  22. 2017-08-13
    ➖
    PORTER, Janet resigned
    director
  23. 2014-11-01
    ➕
    ANDREWS, Karyn Louise appointed
    director
  24. 2011-08-10
    🔓
    Charge satisfied #8
  25. 2011-08-10
    🔓
    Charge satisfied #4
  26. 2011-08-10
    🔓
    Charge satisfied #1
  27. 2006-09-26
    🔓
    Charge satisfied #7
  28. 2006-09-26
    🔓
    Charge satisfied #6
  29. 2006-09-26
    🔓
    Charge satisfied #5
  30. 2006-09-26
    🔓
    Charge satisfied #3
  31. 2006-09-26
    🔓
    Charge satisfied #2
  32. 1993-07-05
    🔒
    Charge registered #8
    Lender: Barclays Bank PLC
  33. 1993-01-28
    🔒
    Charge registered #7
    Lender: Barclays Bank PLC
  34. 1991-01-24
    🔒
    Charge registered #6
    Lender: Barclays Bank PLC
  35. 1990-05-14
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  36. 1989-10-27
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  37. 1984-12-10
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  38. 1980-04-23
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  39. 1976-07-14
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  40. 1969-01-23
    🏢
    Company incorporated
    As DESTEC ENGINEERING LIMITED

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 88 — succession pressure is live.

Succession & seller-readiness

81/100
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 88 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 57 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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Barry Porter
Individual · British · DOB 11/1938 · age 88
50–75%
—50-75% shares06/04/2016
Mr John Alan Stewart Maclachlan
Individual · British · DOB 02/1932 · age 94
25–50%
—25-50% shares06/04/2016

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
Incorporated1969-01-23
Jurisdictionengland-wales
Primary SIC25990 — SIC 25990

Registered office

Destec Five Mile Lane
Washingborough
Lincoln
Lincolnshire
LN4 1AF

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29

Officers (3 active · 3 resigned)

ANDREWS, Karyn Louise, M/S→
secretary · appointed 2017-09-20
View their other companies + combined net worth →
Active
ANDREWS, Karyn Louise→
director · ~62y · appointed 2014-11-01
View their other companies + combined net worth →
Active
PORTER, Barry→
director · ~88y
View their other companies + combined net worth →
Active
PORTER, Janet→
secretary · resigned 2017-08-13
Resigned
MACLACHLAN, John Alan Stewart→
director · ~94y · resigned 2025-10-08
Resigned
PORTER, Janet→
director · ~85y · resigned 2017-08-13
Resigned

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

Mortgages & charges

9
Total charges
0
Outstanding
0
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge—08/11/201711/01/2023
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property05/07/199310/08/2011
satisfied
Barclays
Barclays Bank PLC
Corporate mortgage1 property28/01/199326/09/2006
satisfied
Barclays
Barclays Bank PLC
Corporate mortgage1 property24/01/199126/09/2006
satisfied
Barclays
Barclays Bank PLC
Corporate mortgage1 property14/05/199026/09/2006
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property27/10/198910/08/2011
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property10/12/198426/09/2006
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property23/04/198026/09/2006
satisfied
Barclays
Barclays Bank PLC
Debenture1 property14/07/197610/08/2011

Recent filings (117 total)

accounts-with-accounts-type-medium
accounts · AA
2026-02-27
termination-director-company-with-name-termination-date
officers · TM01
2025-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-08
accounts-with-accounts-type-medium
accounts · AA
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-31
accounts-with-accounts-type-full
accounts · AA
2024-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-full
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-11
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-24
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-20
accounts-with-accounts-type-full
accounts · AA
2021-11-30
accounts-with-accounts-type-full
accounts · AA
2021-02-25
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-09