HORIZON (REINFORCING & CRANE HIRE) COMPANY LIMITED

🌳Matureactive
SC053010 · ltd · incorporated 1973-05-01
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£8.91M
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (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. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).

🏦

Refinance opportunity

15 live charges · 6 lenders · oldest 46.2y

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 46.2 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
135 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review 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 £8,908,479
Cash YoY
+181%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£300k
↑ 181% YoY
Net Worth
£8.9m
↑ 16% YoY
Current Assets
£3.9m
↑ 45% YoY
Current Liabilities
—
£0£1.8m£3.6m£5.3m£7.1m£8.9mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£12.00M£10.33M
Current assets£3.90M£2.70M
Cash£299.9k£106.8k
Debtors£3.54M£2.52M
Net assets£8.91M£7.65M

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
4
filings
  • • 3 mortgage
  • • 1 persons-with-significant-control
Last 90 days
6
filings
  • • 3 mortgage
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
8
filings
  • • 3 mortgage
  • • 2 persons-with-significant-control
  • • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
  1. 2026-04-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-04-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-04-10
    🔒
    Charge registered #18
    Lender: The Royal Bank of Scotland PLC
  4. 2026-04-10
    🔒
    Charge registered #17
    Lender: The Royal Bank of Scotland PLC
  5. 2026-04-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-04-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2026-03-31
    🔒
    Charge registered #16
    Lender: The Royal Bank of Scotland PLC
  8. 2026-03-30
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  9. 2026-03-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2025-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-11-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-09-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-05-07
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  17. 2019-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-12-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2018-12-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2018-12-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2018-02-17
    ➕
    DOUGALL, Stewart appointed
    director
  23. 2017-11-30
    ➕
    DOUGALL, David appointed
    director
  24. 2017-11-30
    ➖
    DOUGALL, Steven resigned
    director
  25. 2014-11-05
    🔓
    Charge satisfied #14
  26. 2014-11-05
    🔓
    Charge satisfied #13
  27. 2014-11-05
    🔓
    Charge satisfied #12
  28. 2014-11-05
    🔓
    Charge satisfied #11
  29. 2014-11-05
    🔓
    Charge satisfied #10
  30. 2014-11-05
    🔓
    Charge satisfied #8
  31. 2014-11-05
    🔓
    Charge satisfied #1
  32. 2004-11-18
    🔒
    Charge registered #15
    Lender: The Royal Bank of Scotland Commercial Services Limited
  33. 2004-06-30
    ➕
    DOUGALL, Maxine appointed
    secretary
  34. 2004-06-30
    ➖
    DOUGALL, Steven resigned
    secretary
  35. 2003-09-29
    ➖
    DOUGALL, William resigned
    director
  36. 2002-04-01
    ➕
    DOUGALL, Steven appointed
    secretary
  37. 2002-04-01
    ➖
    DOUGALL, William resigned
    secretary
  38. 2000-04-26
    🔒
    Charge registered #14
    Lender: W M Mann & Co (Investments) Limited
  39. 1999-04-28
    🔓
    Charge satisfied #5
  40. 1998-11-04
    🔒
    Charge registered #13
    Lender: The Governor and Company of the Bank of Scotland
  41. 1998-08-27
    🔒
    Charge registered #12
    Lender: The Governor and Company of the Bank of Scotland
  42. 1992-11-13
    🔒
    Charge registered #11
    Lender: Royscot Trust PLC
  43. 1990-07-10
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  44. 1989-08-09
    🔓
    Charge satisfied #4
  45. 1989-06-26
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  46. 1989-06-26
    🔓
    Charge satisfied #2
  47. 1989-06-07
    🔓
    Charge satisfied #3
  48. 1989-04-28
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  49. 1986-07-18
    🔒
    Charge registered #4
    Lender: See Page 2 Doc 41
  50. 1986-07-02
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
Showing most recent 50 of 53 events

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 53 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 med ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-04-10: A registered charge; 2026-04-10: A registered charge; 2026-03-31: A registered charge

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stewart Malcolm Dougall
Individual · British · DOB 02/2002 · age 24
25–50%
25–50%25-50% shares · 25-50% voting31/05/2025
Mr Steven Dougall
Individual · British · DOB 03/1965 · age 61
——sig. influencesignificant influence06/04/2016

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

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
Incorporated1973-05-01
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

Unit 1, Dollar Industrial Estate
Falkirk
FK2 7YS

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-26
Last: 2025-11-12

Officers (3 active · 4 resigned)

DOUGALL, Maxine→
secretary · appointed 2004-06-30
View their other companies + combined net worth →
Active
DOUGALL, David→
director · ~41y · appointed 2017-11-30
View their other companies + combined net worth →
Active
DOUGALL, Stewart→
director · ~24y · appointed 2018-02-17
View their other companies + combined net worth →
Active
DOUGALL, Steven→
secretary · appointed 2002-04-01 · resigned 2004-06-30
Resigned
DOUGALL, William→
secretary · resigned 2002-04-01
Resigned
DOUGALL, Steven→
director · ~61y · resigned 2017-11-30
Resigned
DOUGALL, William→
director · ~88y · resigned 2003-09-29
Resigned

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

Mortgages & charges

15
Total charges
4
Outstanding
1
Active lenders
Status:Lender:15 of 15 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property10/04/2026—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property10/04/2026—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—31/03/2026—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland Commercial Services Limited
Floating charge1 property18/11/2004—
satisfied
W M Mann & Co (Investments)
W M Mann & Co (Investments) Limited
Standard security2 properties26/04/200005/11/2014
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property04/11/199805/11/2014
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property27/08/199805/11/2014
satisfied
Royscot Trust
Royscot Trust PLC
Standard security1 property13/11/199205/11/2014
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property10/07/199005/11/2014
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property26/06/198905/11/2014
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property28/04/198928/04/1999
satisfied
See Page 2 Doc 41
Standard security1 property18/07/198609/08/1989
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property02/07/198607/06/1989
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property16/04/198026/06/1989
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property22/02/198005/11/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (135 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-09
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-03-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-23