DELTA ENGINEERING GROUP LIMITED

🌳Matureactive

06085322 · ltd · incorporated 2007-02-06

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£2.62M

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Manufacture of metal structures and parts of structures

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

11 live charges · 6 lenders · oldest 18.3y

35/100

too messy

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

· Oldest live charge is 18.3 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

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

Lenders & charges

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

6 officers (3 active, 6 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

12 connected companies via shared directors

Filing history

82 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £2,616,076

Net assets shrinking

Down £124,453 YoY

Cash YoY

+146%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£412k

↑ 146% YoY

Net Worth

£2.6m

↓ 4.5% YoY

Current Assets

£2.8m

↓ 16% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£2.69M	£3.20M
Current assets	£2.78M	£3.32M
Cash	£411.5k	£167.4k
Debtors	£2.37M	£3.16M
Net assets	£2.62M	£2.74M

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

2025-12-21
📄
accounts-with-accounts-type-medium
accounts · AA
2025-02-24
📄
resolution
resolution · RESOLUTIONS
2024-10-29
📄
accounts-with-accounts-type-full
accounts · AA
2024-10-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-03
🔓
Charge satisfied #9
2024-10-03
🔓
Charge satisfied #8
2024-10-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-30
🔒
Charge registered #11
Lender: Barclays Bank PLC
2024-09-26
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-25
🔒
Charge registered #10
Lender: Barclays Bank PLC
2023-12-19
📄
accounts-with-accounts-type-full
accounts · AA
2022-10-28
📄
accounts-with-accounts-type-full
accounts · AA
2021-07-01
📄
accounts-with-accounts-type-full
accounts · AA
2021-01-04
📄
accounts-with-accounts-type-full
accounts · AA
2020-05-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-22
🔓
Charge satisfied #5
2020-05-22
🔓
Charge satisfied #4
2020-04-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-04-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-04-02
🔒
Charge registered #9
Lender: Handelsbanken PLC
2020-04-02
🔒
Charge registered #8
Lender: Handelsbanken PLC
2020-01-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-01-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-01-17
🔓
Charge satisfied #7
2020-01-17
🔓
Charge satisfied #6
2019-12-09
📄
accounts-with-accounts-type-full
accounts · AA
2019-12-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-12-06
🔒
Charge registered #7
Lender: Handelsbanken PLC
2019-12-06
🔒
Charge registered #6
Lender: Handelsbanken PLC
2019-11-28
🔓
Charge satisfied #3
2015-10-27
🔒
Charge registered #5
Lender: Hsbc Bank PLC
2015-10-16
🔒
Charge registered #4
Lender: Hsbc Bank PLC
2014-10-24
🔒
Charge registered #3
Lender: Panacea Property Finance Limited
2014-10-17
➕
MCNAMARA, Karen Anne appointed
director
2014-02-26
🔓
Charge satisfied #2
2014-02-26
🔓
Charge satisfied #1
2008-05-07
🔒
Charge registered #2
Lender: Rbs Invoice Finance Limited
2008-03-27
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2007-02-28
➕
MCNAMARA, Karen Anne appointed
secretary
2007-02-28
➖
KEITH WHITAKER & CO LTD resigned
corporate-secretary
2007-02-06
🏢
Company incorporated
As DELTA ENGINEERING GROUP LIMITED
2007-02-06
➕
MCNAMARA, Michael appointed
director
2007-02-06
➕
KEITH WHITAKER & CO LTD appointed
corporate-secretary
2007-02-06
➕
WATERLOW SECRETARIES LIMITED appointed
corporate-nominee-secretary
2007-02-06
➖
WATERLOW SECRETARIES LIMITED resigned
corporate-nominee-secretary
2007-02-06
➕
WATERLOW NOMINEES LIMITED appointed
corporate-nominee-director
2007-02-06
➖
WATERLOW NOMINEES LIMITED resigned
corporate-nominee-director

Owner dependency

91/100

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 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 67 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael Mcnamara Individual · British · DOB 11/1959 · age 67	—	—	sig. influencesignificant influence · firm interest	06/04/2016

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 →

Similar companies

Active · Manufacturing · DN postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CM BLADE TECH LTD→ 11167881 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
CREWBOX LTD→ 13788713 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
CUSTOM PREFABRICATING LTD→ 17019738 · est 2026 · no financials extracted	—	—	—	—	—	—	—
CYCENE LIMITED→ 07569091 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
D & K ENGINEERING SOLUTIONS LIMITED→ 09955034 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
D & K INTERNATIONAL LIMITED→ 03075569 · est 1995 · no financials extracted	—	—	—	—	30y	—	—
D.J.M. SITE INSTALLATIONS LTD.→ 09470567 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
DANIELLA DRAPER LIMITED→ 07001255 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
DANUM WELL SERVICES LIMITED→ 03788445 · est 1999 · no financials extracted	—	—	—	—	26y	—	—
DAVREN ENGINEERING SOLUTIONS LIMITED→ 04688316 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
DEFINED BESPOKE INTERIORS LIMITED→ 16777603 · est 2025 · no financials extracted	—	—	—	—	—	—	—
DELUXE DETAILING AND VALETING LTD→ 16229875 · est 2025 · no financials extracted	—	—	—	—	1y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2007-02-06

Jurisdictionengland-wales

Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Manby Road

South Killingholme,

Immingham,

North East Lincolnshire

DN40 3DX

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-07-31

Last: 2025-07-17

Officers (3 active · 3 resigned)

MCNAMARA, Karen Anne→

secretary · appointed 2007-02-28

View their other companies + combined net worth →

Active

MCNAMARA, Karen Anne→

director · ~63y · appointed 2014-10-17

View their other companies + combined net worth →

Active

MCNAMARA, Michael→

director · ~67y · appointed 2007-02-06

View their other companies + combined net worth →

Active

KEITH WHITAKER & CO LTD→

corporate-secretary · appointed 2007-02-06 · resigned 2007-02-28

Resigned

WATERLOW SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2007-02-06 · resigned 2007-02-06

Resigned

WATERLOW NOMINEES LIMITED→

corporate-nominee-director · appointed 2007-02-06 · resigned 2007-02-06

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:11 of 11 shown

		Type	Properties
outstanding	Barclays Barclays Bank PLC	A registered charge	1 property	30/09/2024	—
outstanding	Barclays Barclays Bank PLC	A registered charge	—	25/09/2024	—
satisfied	Handelsbanken Handelsbanken PLC	A registered charge	1 property	02/04/2020	03/10/2024
satisfied	Handelsbanken Handelsbanken PLC	A registered charge	—	02/04/2020	03/10/2024
satisfied	Handelsbanken Handelsbanken PLC	A registered charge	1 property	06/12/2019	17/01/2020
satisfied	Handelsbanken Handelsbanken PLC	A registered charge	—	06/12/2019	17/01/2020
satisfied	HSBC Hsbc Bank PLC	A registered charge	1 property	27/10/2015	22/05/2020
satisfied	HSBC Hsbc Bank PLC	A registered charge	1 property	16/10/2015	22/05/2020
satisfied	Panacea Property Finance Panacea Property Finance Limited	A registered charge	1 property	24/10/2014	28/11/2019
satisfied	NatWest Group Rbs Invoice Finance Limited	Debenture	1 property	07/05/2008	26/02/2014
satisfied	National Westminster Bank National Westminster Bank PLC	Debenture	1 property	27/03/2008	26/02/2014

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (82 total)

accounts-with-accounts-type-medium

accounts · AA

2025-12-21

confirmation-statement-with-updates

confirmation-statement · CS01

2025-07-17

resolution

resolution · RESOLUTIONS

2025-02-24

accounts-with-accounts-type-full

accounts · AA

2024-10-29

mortgage-satisfy-charge-full

mortgage · MR04

2024-10-03

mortgage-satisfy-charge-full

mortgage · MR04

2024-10-03

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-10-01

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-09-26

confirmation-statement-with-updates

confirmation-statement · CS01

2024-08-01

accounts-with-accounts-type-full

accounts · AA

2023-12-19

confirmation-statement-with-updates

confirmation-statement · CS01

2023-09-28

accounts-with-accounts-type-full

accounts · AA

2022-10-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-01

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-08-31

accounts-with-accounts-type-full

accounts · AA

2021-07-01