MACKENZIE ENTERPRISES (ELGIN) LIMITED

🌳Matureactive
SC057105 · ltd · incorporated 1975-02-03
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£600.9k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 79-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 45.4y

35/100
too messy

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

  • · Oldest live charge is 45.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
100 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
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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 £600,852
Cash YoY
+229%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£478k
↑ 229% YoY
Net Worth
£601k
↑ 7.0% YoY
Current Assets
£479k
↑ 228% YoY
Current Liabilities
—
£0£120k£240k£361k£481k£601kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£602.2k£577.1k
Current assets£478.5k£146.1k
Cash£478.4k£145.3k
Debtors£144£756
Net assets£600.9k£561.3k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2022-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-07-16
    ➖
    MACKENZIE, Margaret Elizabeth resigned
    director
  7. 2021-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-07-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-10-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-07-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2016-07-20
    🔓
    Charge satisfied #5
  15. 2015-10-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-10-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-10-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2007-09-29
    🔓
    Charge satisfied #6
  19. 2007-04-30
    🔓
    Charge satisfied #4
  20. 2003-02-19
    🔒
    Charge registered #6
    Lender: Graeme Alexander Mackenzie
  21. 2000-10-01
    ➕
    MACKENZIE, Susan Margaret appointed
    director
  22. 1996-08-27
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  23. 1992-10-15
    ➖
    MACKENZIE, Susan Margaret resigned
    director
  24. 1990-01-26
    🔓
    Charge satisfied #2
  25. 1988-12-07
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  26. 1988-11-29
    🔓
    Charge satisfied #1
  27. 1986-03-11
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  28. 1980-12-16
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  29. 1975-02-03
    🏢
    Company incorporated
    As MACKENZIE ENTERPRISES (ELGIN) LIMITED

Owner dependency

100/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MACKENZIE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 51 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

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Graeme Alexander Mackenzie
Individual · British · DOB 01/1947 · age 79
——sig. influencesignificant influence · trust interest · firm interest01/10/2016
Mrs Susan Margaret Mackenzie
Individual · British · DOB 08/1954 · age 72
——sig. influencesignificant influence · trust interest · firm interest01/10/2016

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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———————
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———————
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———————
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————4y——
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————21y——
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
Incorporated1975-02-03
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

151 High Street
Elgin
Morayshire
IV30 1DX

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15

Officers (3 active · 2 resigned)

MACKENZIE, Susan Margaret→
secretary
View their other companies + combined net worth →
Active
MACKENZIE, Graeme Alexander→
director · ~79y
View their other companies + combined net worth →
Active
MACKENZIE, Susan Margaret→
director · ~72y · appointed 2000-10-01
View their other companies + combined net worth →
Active
MACKENZIE, Margaret Elizabeth→
director · ~82y · resigned 2022-07-16
Resigned
MACKENZIE, Susan Margaret→
director · ~72y · resigned 1992-10-15
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Graeme Alexander Mackenzie
Standard security1 property19/02/200329/09/2007
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property27/08/199620/07/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property07/12/198830/04/2007
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/03/198626/01/1990
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property16/12/198029/11/1988

Recent filings (100 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-18
termination-director-company-with-name-termination-date
officers · TM01
2022-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-30