EWART ENGINEERING LIMITED

📈Growthactive
SC049122 · ltd · incorporated 1971-08-27
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 46.6y old — refinance window within 12 months
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
£8.54M
year to Aug 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
ALSO REGISTERED FOR
  • 29201SIC 29201
Investor take
Pursue
Strong opportunity: conservative operator with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (78/100).

🏦

Refinance opportunity

1 live charge · oldest 46.6y

75/100
ready

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

  • · Oldest live charge is 46.6 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.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (78/100)

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
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
7 officers (4 active, 7 linked, 6 with DOB)
87
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
118 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
82/100Exceptional
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
80
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 · FRS 102
Profitable
Profit before tax £448,731
Turnover YoY
+9%
Year on year

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-08-312024-08-31
Turnover£8.54M£7.83M
Gross profit£2.04M£1.77M
Operating profit£431.3k£-40.1k
Profit before tax£448.7k£7.0k
Average employees79008000

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-02-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-03-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-05-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-05-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-02-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2023-03-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2022-11-16
    📄
    second-filing-of-annual-return-with-made-up-date
    annual-return · RP04AR01
  8. 2022-11-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-11-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-11-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-09-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-09-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2022-09-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2022-09-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2022-09-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2022-09-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2022-09-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2022-03-10
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2021-05-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2011-03-03
    ➖
    EWART, James Robertson resigned
    secretary
  21. 2011-03-01
    ➕
    IRVING, Karen Jean appointed
    director
  22. 2011-03-01
    ➕
    TINNING, Angela Elizabeth appointed
    director
  23. 2011-03-01
    ➖
    EWART, James Robertson resigned
    director
  24. 2011-03-01
    ➖
    EWART, John Andrew Little resigned
    director
  25. 1979-11-13
    🔒
    Charge registered #1
    Lender: Scottish Development Agency
  26. 1971-08-27
    🏢
    Company incorporated
    As EWART ENGINEERING LIMITED

Owner dependency

81/100
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
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder name in company name: Company name contains director surname "EWART" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

63/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 55 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Brian Ewart
Individual · Scottish · DOB 05/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Colin James Ewart
Individual · Scottish · DOB 04/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1971-08-27
Jurisdictionscotland
Primary SIC25990 — SIC 25990

Registered office

Gretna Industrial Estate Glasgow Road
Gretna
Dumfriesshire
DG16 5JN
Scotland

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-04-16
Last: 2026-04-02

Officers (4 active · 3 resigned)

EWART, Brian→
director · ~62y
View their other companies + combined net worth →
Active
EWART, Colin James→
director · ~58y
View their other companies + combined net worth →
Active
IRVING, Karen Jean→
director · ~62y · appointed 2011-03-01
View their other companies + combined net worth →
Active
TINNING, Angela Elizabeth→
director · ~60y · appointed 2011-03-01
View their other companies + combined net worth →
Active
EWART, James Robertson→
secretary · resigned 2011-03-03
Resigned
EWART, James Robertson→
director · ~85y · resigned 2011-03-01
Resigned
EWART, John Andrew Little→
director · ~90y · resigned 2011-03-01
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
Scottish Development Agency
Standard security1 property13/11/1979—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (118 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-14
accounts-with-accounts-type-full
accounts · AA
2026-02-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-07
accounts-with-accounts-type-full
accounts · AA
2025-03-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-03
accounts-with-accounts-type-full
accounts · AA
2024-02-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-18
accounts-with-accounts-type-full
accounts · AA
2023-03-14
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2022-11-16
change-person-director-company-with-change-date
officers · CH01
2022-11-10
change-person-director-company-with-change-date
officers · CH01
2022-11-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-28