WALLACE, MCDOWALL LIMITED
🌳Matureactive
SC046491 · ltd · incorporated 1969-04-10
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 24330
Sector: Manufacturing
ALSO REGISTERED FOR
- 25990SIC 25990
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
22 live charges · 9 lenders · oldest 47.3y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 47.3 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (57/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
22 charges (22/22 with lender, 22/22 with type)
90
Directors & officers
43 officers (2 active, 43 linked, 33 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
251 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
7
filings
- • 7 mortgage
Last 180 days
13
filings
- • 12 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (140 events)Click to expand
- 2026-04-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-17🔒Charge registered #22Lender: Demlin LLP
- 2026-04-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-04-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-04-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-04-08🔓Charge satisfied #19
- 2026-04-08🔓Charge satisfied #18
- 2026-04-08🔓Charge satisfied #16
- 2026-04-07🔒Charge registered #21Lender: Demlin LLP
- 2026-04-07🔒Charge registered #20Lender: Demlin LLP
- 2026-03-06📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2026-02-26📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2026-02-26📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2026-02-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-20🔒Charge registered #19Lender: Igf Business Credit Limited
- 2026-02-20🔒Charge registered #18Lender: Igf Business Credit Limited
- 2026-01-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-06📄accounts-with-accounts-type-fullaccounts · AA
- 2025-12-30🔒Charge registered #17Lender: Demlin LLP
- 2025-08-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-15➖HLD GOC HOLDINGS LIMITED resignedcorporate-director
- 2024-11-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-09📄accounts-with-accounts-type-fullaccounts · AA
- 2024-03-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-26➖JOHNSTONE, Derek Scovell resigneddirector
- 2023-09-07📄accounts-amended-with-accounts-type-fullaccounts · AAMD
- 2023-08-25📄accounts-with-accounts-type-fullaccounts · AA
- 2022-10-04📄accounts-with-accounts-type-fullaccounts · AA
- 2022-04-22➖COLLINS, Logan resigneddirector
- 2022-04-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-18➕GEMMELL, John Hume appointeddirector
- 2022-03-31➖WILSON, William resigneddirector
- 2021-10-05🔓Charge satisfied #14
- 2021-05-27🔒Charge registered #16Lender: Igf Business Credit Limited
- 2021-05-26🔓Charge satisfied #15
- 2020-07-31➖WILSON, James resigneddirector
- 2020-07-31➕HLD GOC HOLDINGS LIMITED appointedcorporate-director
- 2019-07-26➖OHANDJANIAN, Demis Armen resigneddirector
- 2019-07-19➕WARD, Yvonne appointeddirector
- 2019-07-19➕COLLINS, Logan appointeddirector
- 2019-07-19➕JOHNSTONE, Derek Scovell appointeddirector
- 2019-07-19➕WILSON, James appointeddirector
- 2019-07-19➕WILSON, William appointeddirector
- 2019-06-27🔓Charge satisfied #9
- 2019-06-27🔓Charge satisfied #10
- 2019-06-21➖WARD, Yvonne resignedsecretary
- 2019-06-21➖COLLINS, Logan resigneddirector
Showing most recent 50 of 140 events
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- 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.
Red flags
2 med ·6 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-04-17: A registered charge; 2026-04-07: A registered charge; 2026-04-07: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
The Wallace Steel Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
The Wallace Steel Group Limited
Corporate parent · holds 75-100% shares · board control
⬇
WALLACE, MCDOWALL LIMITED
This company · SC046491
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 |
|---|---|---|---|---|
The Wallace Steel Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 18/06/2021 |
2 historic (ceased) PSCs
- Wmd Holdings Limitedceased 18/06/2021· 75-100% shares · 75-100% voting · board control
- Mr James Wilsonceased 21/06/2019· significant influence
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 · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J & D PIERCE (CONTRACTS) LTD.→ SC174690 · est 1997 | £47.51M £36.95M–£58.07M | — | — | 47400 | 29y | 84 | 63y |
| VERACITY UK LIMITED→ SC291812 · est 2005 | £7.42M £5.77M–£9.06M | — | — | 46 | 20y | 85 | 70y |
| CHEMTEC UK LIMITED→ SC276983 · est 2004 | £5.02M £3.90M–£6.13M | — | — | 2300 | 21y | 90 | 57y |
| GMSS HOLDINGS LIMITED→ SC478614 · est 2014 | £2.25M £1.75M–£2.75M | — | — | 0 | 11y | 84 | 61y |
| HYSPEC ENGINEERING LIMITED→ SC371408 · est 2010 | £1.49M £1.16M–£1.82M | — | — | 66 | 16y | 82 | 62y |
| AEROFORMA TECHNOLOGIES (NORTH) LIMITED→ SC123036 · est 1990 | — | — | — | 47 | 36y | 83 | 75y |
| ATLAS (SCOTLAND) LIMITED→ SC260329 · est 2003 | — | — | £583.3k | — | 22y | 83 | 66y |
| AYRSHIRE BLINDS LIMITED→ SC090647 · est 1984 | — | — | £199.3k | — | 41y | 83 | 81y |
| BOAT ELECTRICS & ELECTRONICS LIMITED→ SC066331 · est 1978 | — | — | £396.3k | — | 47y | 83 | 60y |
| BRODIE ENGINEERING LIMITED→ SC163999 · est 1996 | — | — | — | 9600 | 30y | 83 | 60y |
| CAPITAL STEEL LIMITED→ SC275258 · est 2004 | — | — | £1.45M | — | 21y | 83 | 70y |
| GIRARD INDUSTRIES EUROPE LIMITED→ SC101084 · est 1986 | — | — | £389.5k | — | 39y | 83 | 73y |
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
Incorporated1969-04-10
Jurisdictionscotland
Primary SIC24330 — SIC 24330
Registered office
Bld 11c Spirit Aerosystems
Tarbolton Road, Monkton
Ayrshire
KA9 2RR
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-07
Last: 2025-07-24
Officers (2 active · 41 resigned)
GEMMELL, John Hume→
Activedirector · ~59y · appointed 2022-04-18
View their other companies + combined net worth →
WARD, Yvonne→
Activedirector · ~53y · appointed 2019-07-19
View their other companies + combined net worth →
BAKER, Margaret Limond→
Resignedsecretary · resigned 1993-04-16
CORSON, David Mclachlan Lindsay→
Resignedsecretary · appointed 1996-08-20 · resigned 2002-02-27
CORSON, David Mclachlan Lindsay→
Resignedsecretary · appointed 1994-07-20 · resigned 1994-11-09
HASTIE, John Gordon→
Resignedsecretary · appointed 1993-04-16 · resigned 1993-04-02
WARD, Yvonne→
Resignedsecretary · appointed 2014-06-18 · resigned 2019-06-21
WATSON, Stewart Robert→
Resignedsecretary · appointed 1994-11-09 · resigned 1996-08-20
WILSON, James→
Resignedsecretary · appointed 2002-02-27 · resigned 2014-06-18
BAKER, Margaret Limond→
Resigneddirector · ~90y · resigned 1994-05-31
BRECHANY, Thomas→
Resigneddirector · resigned 1991-01-04
BROWN, Joseph Skimming→
Resigneddirector · ~71y · appointed 2001-01-09 · resigned 2001-11-09
BROWN, Joseph Skimming→
Resigneddirector · ~71y · appointed 1998-07-01 · resigned 2000-01-19
CAMPBELL, Donald→
Resigneddirector · resigned 1990-02-24
CARDOW, Robert Stuart→
Resigneddirector · ~83y · appointed 1994-07-01 · resigned 1995-04-28
COLLINS, Logan→
Resigneddirector · ~57y · appointed 2019-07-19 · resigned 2022-04-22
COLLINS, Logan→
Resigneddirector · ~57y · appointed 2013-12-01 · resigned 2019-06-21
CORSON, Catherine→
Resigneddirector · ~61y · resigned 1993-04-16
CORSON, David Mclachlan Lindsay→
Resigneddirector · ~63y · appointed 1996-08-20 · resigned 2002-02-27
CORSON, David Mclachlan Lindsay→
Resigneddirector · ~63y · appointed 1991-02-01 · resigned 1994-11-02
Click a director name to see their full track record across all companies.
Mortgages & charges
22
Total charges
4
Outstanding
1
Active lenders
Status:Lender:22 of 22 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Demlin Demlin LLP | A registered charge | 1 property | 17/04/2026 | — | |
| outstanding | Demlin Demlin LLP | A registered charge | 1 property | 07/04/2026 | — | |
| outstanding | Demlin Demlin LLP | A registered charge | 1 property | 07/04/2026 | — | |
| satisfied | Igf Business Credit Igf Business Credit Limited | A registered charge | — | 20/02/2026 | 08/04/2026 | |
| satisfied | Igf Business Credit Igf Business Credit Limited | A registered charge | — | 20/02/2026 | 08/04/2026 | |
| outstanding | Demlin Demlin LLP | A registered charge | 1 property | 30/12/2025 | — | |
| satisfied | Igf Business Credit Igf Business Credit Limited | A registered charge | — | 27/05/2021 | 08/04/2026 | |
| satisfied | Praetura Asset Finance Praetura Asset Finance Limited | A registered charge | 1 property | 21/06/2019 | 26/05/2021 | |
| satisfied | Bibby Financial Services Bibby Invoice Discounting Limited | A registered charge | — | 21/06/2019 | 05/10/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 25/05/2006 | 27/11/2006 | |
| satisfied | South Ayrshire Council | Floating charge | 1 property | 13/09/2005 | 19/08/2015 | |
| satisfied | South Ayrshire Council | Standard security | 1 property | 13/09/2005 | 27/11/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 22/07/2005 | 27/06/2019 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Floating charge | 1 property | 21/07/2005 | 27/06/2019 | |
| satisfied | Ayrshire Development Fund Ayrshire Development Fund Limited | Standard security | 1 property | 20/06/2002 | 27/11/2006 | |
| satisfied | Ayrshire Development Fund Ayrshire Development Fund Limited | Bond & floating charge | 1 property | 04/06/2002 | 19/08/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 20/10/1999 | 28/02/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 2 properties | 18/10/1999 | 28/02/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 11/05/1999 | 28/02/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 10/02/1998 | 20/01/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 24/01/1985 | 17/07/2000 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 06/02/1979 | 25/07/2006 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (251 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-14
mortgage-satisfy-charge-full
mortgage · MR04
2026-04-08
mortgage-satisfy-charge-full
mortgage · MR04
2026-04-08
mortgage-satisfy-charge-full
mortgage · MR04
2026-04-08
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-03-06
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-02-26
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-02-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-09
accounts-with-accounts-type-full
accounts · AA
2026-01-06
termination-director-company-with-name-termination-date
officers · TM01
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-28