G. AND M. RADIATOR MANUFACTURING COMPANY LIMITED
Opportunity 76/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
9 live charges · 4 lenders · oldest 56.4y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 56.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
Corporate timeline (48 events)Click to expand
- 2025-10-17📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-09-26📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-26📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-27📄accounts-with-accounts-type-fullaccounts · AA
- 2021-05-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-05-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-05-01➕THORPE, Jeffrey Michael appointeddirector
- 2021-05-01➖BLAKE, John Allison resigneddirector
- 2020-10-28📄accounts-with-accounts-type-fullaccounts · AA
- 2019-10-01📄accounts-with-accounts-type-fullaccounts · AA
- 2018-10-02📄accounts-with-accounts-type-fullaccounts · AA
- 2017-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2016-10-13📄accounts-with-accounts-type-fullaccounts · AA
- 2016-05-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2015-05-13📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-06-01➕MACNAIR, Andrew Robert Barclay appointedsecretary
- 2014-05-16➖JOHNSTON, Bryan Douglas resignedsecretary
- 2013-06-28➕BLAKE, John Allison appointeddirector
- 2013-06-28➖MCLAREN, James resigneddirector
- 2013-02-20➕JOHNSTON, Bryan Douglas appointedsecretary
- 2013-02-20➖MACDONALDS resignedcorporate-secretary
- 2008-01-25➖SHRIGLEY, Eunice Claire resigneddirector
- 2007-10-21➕FOX, Brian Michael appointeddirector
- 2007-07-31➖SCOTT, Aileen Agnes resigneddirector
- 2007-06-25➕LEDLIE, Michael George Ian appointeddirector
- 2007-06-25➕MCLAREN, James appointeddirector
- 2003-10-31➖INGLIS, Alan Moffat resigneddirector
- 2003-10-01➕SCOTT, Aileen Agnes appointeddirector
- 1999-01-04➖SHRIGLEY, Eunice Claire resignedsecretary
- 1999-01-04➕MACDONALDS appointedcorporate-secretary
- 1999-01-04➖SHRIGLEY, Michael Derek resigneddirector
- 1998-07-02➖SHRIGLEY, Ian Geoffrey resigneddirector
- 1993-08-20🔒Charge registered #12Lender: The Trustees of Kilmarnock Rugby Football Club
- 1992-12-02🔒Charge registered #11Lender: Revival Land Limited
- 1991-08-06🔒Charge registered #9Lender: Clydesdale Bank Public Limited Company
- 1990-12-17➖BURNETT, George James resigneddirector
- 1990-01-23🔓Charge satisfied #3
- 1990-01-04🔓Charge satisfied #5
- 1989-08-29🔒Charge registered #6Lender: Clydesdale Bank Public Limited Company
- 1988-02-08🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 1987-11-30🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1987-07-29🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 1978-06-30🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1969-11-17🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1964-06-18🏢Company incorporatedAs G. AND M. RADIATOR MANUFACTURING COMPANY LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 62 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 · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Mcandrew 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 |
|---|---|---|---|---|
Mcandrew Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 12/05/2016 |
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 (4 active · 11 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Trustees of Kilmarnock Rugby Football Club | Standard security | 1 property | 20/08/1993 | — | |
| outstanding | Revival Land Revival Land Limited | Standard security | 1 property | 02/12/1992 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 2 properties | 06/08/1991 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 29/08/1989 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 08/02/1988 | 04/01/1990 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 30/11/1987 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 29/07/1987 | 23/01/1990 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 30/06/1978 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Letter of set-off | 1 property | 17/11/1969 | — |