LESMAC (FASTENERS) LIMITED

🌳Matureactive
SC048774 · ltd · incorporated 1971-05-28
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 50.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£2.04M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 25940
Sector: Manufacturing
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 50.8y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 50.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — 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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
94 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2,042,027
Net assets shrinking
Down £42,685 YoY
Cash YoY
+29%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.6m
↑ 29% YoY
Net Worth
£2.0m
↓ 2.0% YoY
Current Assets
£2.4m
↓ 3.7% YoY
Current Liabilities
—
£0£501k£1.0m£1.5m£2.0m£2.5mMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£2.06M£2.11M
Current assets£2.41M£2.51M
Cash£1.65M£1.28M
Debtors£445.1k£857.4k
Net assets£2.04M£2.08M

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-05
    ➕
    KNEALE, Steven appointed
    director
  4. 2024-04-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2023-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-02-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-07-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2021-07-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-12-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2019-11-15
    ➕
    CAMERON, Lynne appointed
    director
  14. 2019-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-10-24
    ➖
    WOOD, Lynne resigned
    secretary
  16. 2018-10-24
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2018-10-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2018-02-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2017-08-31
    ➖
    DEVLIN, Campbell Andrew resigned
    director
  20. 2017-02-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2015-11-03
    ➕
    DEVLIN, Campbell Andrew appointed
    director
  22. 2007-07-03
    ➖
    KNEALE, Ernest Richards resigned
    director
  23. 1975-07-04
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  24. 1971-05-28
    🏢
    Company incorporated
    As LESMAC (FASTENERS) 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
  • +Founder age: Director aged approximately 72 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — KNEALE, Steven (same surname) appointed 2024-04-05. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ernest Richards Kneale
Individual · British · DOB 09/1954 · age 72
75–100%
—75-100% shares01/07/2016

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
Incorporated1971-05-28
Jurisdictionscotland
Primary SIC25940 — SIC 25940

Registered office

73 Dykehead Street
Queenslie Industrial Estate
Glasgow
G33 4AQ

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07

Officers (3 active · 3 resigned)

CAMERON, Lynne→
director · ~66y · appointed 2019-11-15
View their other companies + combined net worth →
Active
KNEALE, Ernest Richards→
director · ~72y
View their other companies + combined net worth →
Active
KNEALE, Steven→
director · ~38y · appointed 2024-04-05
View their other companies + combined net worth →
Active
WOOD, Lynne→
secretary · resigned 2018-10-24
Resigned
DEVLIN, Campbell Andrew→
director · ~67y · appointed 2015-11-03 · resigned 2017-08-31
Resigned
KNEALE, Ernest Richards→
director · ~99y · resigned 2007-07-03
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property04/07/1975—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (94 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-12
appoint-person-director-company-with-name-date
officers · AP01
2024-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-07-22
change-person-director-company-with-change-date
officers · CH01
2021-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-26