MCLEOD & HIGGINS (ROOFING CONTRACTORS) LIMITED
- · Thesis: well-run, low negotiation leverage
- 42990Construction of other civil engineering projects n.e.c.
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
Refinance opportunity
14 live charges · 4 lenders · oldest 45.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 45.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 confirmation-statement
Corporate timeline (65 events)Click to expand
- 2025-06-09📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-06-09📄legacyaccounts · PARENT_ACC
- 2025-06-09📄legacyother · AGREEMENT2
- 2025-06-09📄legacyother · GUARANTEE2
- 2024-06-10📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-06-10📄legacyaccounts · PARENT_ACC
- 2024-06-10📄legacyother · AGREEMENT2
- 2024-06-10📄legacyother · GUARANTEE2
- 2023-07-31➕DONALDSON, Alyson appointeddirector
- 2023-07-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-06-15📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-06-15📄legacyaccounts · PARENT_ACC
- 2023-05-31📄legacyother · AGREEMENT2
- 2023-05-31📄legacyother · GUARANTEE2
- 2023-04-07➖CAIRNS, Arlene resigneddirector
- 2023-04-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-08📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2022-07-08📄legacyaccounts · PARENT_ACC
- 2022-07-07📄legacyother · AGREEMENT2
- 2022-07-07📄legacyother · GUARANTEE2
- 2022-04-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-01-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-01-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-01-26🔓Charge satisfied #17
- 2022-01-26🔓Charge satisfied #16
- 2022-01-26🔓Charge satisfied #14
- 2022-01-26🔓Charge satisfied #13
- 2022-01-26🔓Charge satisfied #12
- 2021-04-01➕MCMILLAN, Neil John appointedsecretary
- 2021-03-31➖HAWKINS, Ian Richard resignedsecretary
- 2020-09-01➕CAIRNS, Arlene appointeddirector
- 2020-04-01➖CAIRNS, Scott resigneddirector
- 2020-02-20🔓Charge satisfied #3
- 2020-01-31➕DONALDSON, Andrew Robert appointeddirector
- 2020-01-31➕DONALDSON, Michael James appointeddirector
- 2020-01-31➕HAWKINS, Ian Richard appointedsecretary
- 2020-01-31➖HIGGINS, Nicholas John resignedsecretary
- 2020-01-31➖BEGLEY, Gerard resigneddirector
- 2020-01-31➕CAIRNS, Scott appointeddirector
- 2020-01-31➖HIGGINS, Nicholas John resigneddirector
- 2020-01-31🔒Charge registered #17Lender: The Royal Bank of Scotland PLC
- 2020-01-29🔓Charge satisfied #15
- 2020-01-29🔓Charge satisfied #11
- 2020-01-29🔓Charge satisfied #10
- 2020-01-29🔓Charge satisfied #8
- 2020-01-29🔓Charge satisfied #5
- 2020-01-29🔓Charge satisfied #4
- 2015-02-09🔒Charge registered #16Lender: Bank of Scotland PLC
- 2009-06-29🔒Charge registered #15Lender: Scottish Enterprise
- 2009-06-29🔒Charge registered #14Lender: Bank of Scotland PLC
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
James Donaldson Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
James Donaldson Group Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 31/01/2020 |
1 historic (ceased) PSC
- Mrs Eleanor Higginsceased 31/01/2020· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (4 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 31/01/2020 | 26/01/2022 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 09/02/2015 | 26/01/2022 | |
| satisfied | Scottish Enterprise | Standard security | 1 property | 29/06/2009 | 29/01/2020 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 29/06/2009 | 26/01/2022 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 10/08/2000 | 26/01/2022 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 28/10/1999 | 26/01/2022 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 28/10/1999 | 29/01/2020 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 23/09/1991 | 29/01/2020 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 16/03/1990 | 29/01/2020 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 2 properties | 23/05/1988 | 29/01/2020 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 2 properties | 23/05/1988 | 29/01/2020 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 09/05/1988 | 20/02/2020 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 22/11/1984 | 09/11/1988 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 14/08/1980 | 09/11/1988 |