LOWMAC ALLOYS LIMITED

🌳Matureactive

SC052151 · ltd · incorporated 1973-01-08

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 May 2025

Net worth

£21.29M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 38110

Sector: Water supply & waste

Investor take

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 51.1y

35/100

too messy

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

· Oldest live charge is 51.1 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

8 officers (5 active, 8 linked, 6 with DOB)

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

129 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

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 · accounting standard not declared

Positive net assets

Net assets £21,289,327

Cash YoY

+27%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£13m

↑ 27% YoY

Net Worth

£21m

↑ 4.0% YoY

Current Assets

£17m

↑ 9.1% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£22.35M	£21.62M
Current assets	£17.28M	£15.83M
Cash	£13.48M	£10.62M
Debtors	£3.31M	£4.81M
Net assets	£21.29M	£20.48M

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

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (39 events)Click to expand

2026-02-25
📄
accounts-with-accounts-type-medium
accounts · AA
2025-09-15
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-02-27
📄
accounts-with-accounts-type-full
accounts · AA
2024-06-11
📄
accounts-amended-with-accounts-type-full
accounts · AAMD
2024-05-23
📄
accounts-with-accounts-type-full
accounts · AA
2024-02-26
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-08-23
➕
SMITH, Gayle Mccallum appointed
director
2023-08-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-30
📄
accounts-with-accounts-type-full
accounts · AA
2023-05-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-04-28
➖
HALL, Robert James Kennedy resigned
director
2022-05-27
📄
accounts-with-accounts-type-full
accounts · AA
2021-06-01
📄
accounts-with-accounts-type-full
accounts · AA
2021-04-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-09
🔒
Charge registered #8
Lender: Doveryard Limited
2021-04-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-04-07
🔓
Charge satisfied #6
2020-02-26
📄
accounts-with-accounts-type-full
accounts · AA
2019-07-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-07-18
🔒
Charge registered #7
Lender: Doveyard Limited
2019-03-01
📄
change-person-director-company-with-change-date
officers · CH01
2019-03-01
📄
change-person-director-company-with-change-date
officers · CH01
2019-03-01
📄
change-person-director-company-with-change-date
officers · CH01
2018-07-24
🔓
Charge satisfied #3
2017-11-09
🔒
Charge registered #6
Lender: Lindsey Cooper (Joint Liquidator)
2017-08-08
🔒
Charge registered #5
Lender: Matthew Richard Meadley Wild
2016-05-01
➕
HALL, Robert James Kennedy appointed
director
1999-01-28
🔓
Charge satisfied #1
1999-01-22
➕
SMITH, Kenneth Alexander appointed
secretary
1999-01-22
➖
COOK, James Mcmurray resigned
secretary
1999-01-22
➖
COOK, James Mcmurray resigned
director
1998-03-25
🔓
Charge satisfied #4
1997-07-15
➕
SMITH, Kenneth Alexander appointed
director
1997-07-15
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
1994-10-31
➕
BURGOYNE, Arnold William appointed
director
1992-09-16
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
1975-08-01
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1975-04-10
🔒
Charge registered #4
Lender: Clydesdale Bank Public Limited Company
1973-01-08
🏢
Company incorporated
As LOWMAC ALLOYS 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

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 89 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFamily succession underway: Not a takeover target — SMITH, Gayle Mccallum (same surname) appointed 2023-08-23. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 89 years old. Natural succession window is now.
primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
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.

Group structure

Alex Smith Metals Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Alex Smith Metals Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

LOWMAC ALLOYS LIMITED

This company · SC052151

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
Alex Smith Metals Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	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 · Energy & utilities · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BILLY BOWIE SPECIAL PROJECTS LIMITED→ SC194894 · est 1999	£13.89M £10.00M–£17.78M	—	—	85	27y	79	60y
BALUNTONHILL LIMITED→ SC180204 · est 1997	—	—	—	200	28y	80	72y
KCP ENVIRONMENTAL SERVICES LTD→ SC266968 · est 2004	—	—	£1.42M	—	22y	80	59y
NODDSDALE HYDRO LIMITED→ SC343425 · est 2008	—	—	£242.9k	—	17y	80	73y
ALEX. SMITH METALS LIMITED→ SC048199 · est 1970	—	—	£40.0k	—	55y	79	60y
AYR ENVIRONMENTAL SERVICES LIMITED→ SC198368 · est 1999 · no financials extracted	—	—	—	—	26y	79	59y
CAMREGAN RENEWABLES LIMITED→ SC408718 · est 2011	—	—	£549.9k	—	14y	79	75y
GRISSAN CARNSIDE LTD→ SC531420 · est 2016 · no financials extracted	—	—	—	—	10y	79	67y
GRISSAN CARRICK LIMITED→ SC448881 · est 2013 · no financials extracted	—	—	—	—	13y	79	67y
GRISSAN PORTSIDE LIMITED→ SC513982 · est 2015 · no financials extracted	—	—	—	—	10y	79	67y
GRISSAN RIVERSIDE LIMITED→ SC448882 · est 2013 · no financials extracted	—	—	—	—	13y	79	67y
HENDRIE & KERR LIMITED→ SC457350 · est 2013	—	—	£636.8k	—	12y	79	65y

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

Incorporated1973-01-08

Jurisdictionscotland

Primary SIC38110 — SIC 38110

Registered office

67 Green Street Lane

Ayr

KA8 8BE

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-09-26

Last: 2025-09-12