MALLAIG BOATBUILDING AND ENGINEERING COMPANY LIMITED

🌳Matureactive
SC060116 · ltd · incorporated 1976-06-04
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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
—
year to Dec 2024
Net worth
£62.4k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 72-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 72). 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 (65/100).

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 49.9y

35/100
too messy

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

  • · Oldest live charge is 49.9 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

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
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 9 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
125 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 £62,382
Net assets shrinking
Down £268,946 YoY
Cash YoY
+384%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£581
↑ 384% YoY
Net Worth
£62k
↓ 81% YoY
Current Assets
£65k
↓ 5.4% YoY
Current Liabilities
—
£0£66k£133k£199k£265k£331kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£62.4k£415.4k
Current assets£65.0k£68.7k
Cash£581£120
Debtors£64.4k£68.6k
Net assets£62.4k£331.3k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-27
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2018-12-27
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2018-12-19
    ➕
    CARR, Andrew Ross appointed
    secretary
  11. 2018-12-19
    ➖
    CAMERON, Graham resigned
    secretary
  12. 2018-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-11-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2017-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-09-22
    ➖
    WILLIAMS, Christopher Martin resigned
    director
  16. 2016-09-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2016-02-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-09-08
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  19. 2008-05-23
    ➕
    FINLAYSON, Lorna Helen O'Neill appointed
    director
  20. 2008-05-23
    ➕
    WILLIAMS, Christopher Martin appointed
    director
  21. 2007-08-27
    ➕
    CAMERON, Graham appointed
    secretary
  22. 2007-08-27
    ➖
    MACPHEE & PARTNERS resigned
    corporate-secretary
  23. 2007-03-06
    ➖
    FINLAYSON, Finlay Donald resigned
    secretary
  24. 2007-03-06
    ➕
    MACPHEE & PARTNERS appointed
    corporate-secretary
  25. 2007-03-03
    🔓
    Charge satisfied #4
  26. 2007-03-03
    🔓
    Charge satisfied #2
  27. 2007-03-03
    🔓
    Charge satisfied #1
  28. 2007-02-27
    ➕
    FINLAYSON, Finlay Donald appointed
    director
  29. 2007-02-27
    ➕
    FINLAYSON, Finlay Donald appointed
    secretary
  30. 2007-02-27
    ➖
    HENDERSON, John resigned
    secretary
  31. 2007-02-27
    ➖
    HENDERSON, Charles resigned
    director
  32. 2007-02-27
    ➖
    HENDERSON, John resigned
    director
  33. 2007-02-27
    ➖
    SINCLAIR, Alasdair George resigned
    director
  34. 2007-02-27
    ➖
    SUMMERS, Margaret resigned
    director
  35. 2005-07-01
    ➕
    SINCLAIR, Alasdair George appointed
    director
  36. 2005-07-01
    ➕
    SUMMERS, Margaret appointed
    director
  37. 2003-11-07
    🔓
    Charge satisfied #5
  38. 2001-02-08
    ➕
    HENDERSON, John appointed
    secretary
  39. 2001-02-08
    ➖
    MACDONALD, Angus resigned
    secretary
  40. 2001-02-08
    ➖
    MACDONALD, Angus resigned
    director
  41. 2001-02-08
    ➖
    MACPHIE, Thomas John resigned
    director
  42. 1998-06-15
    🔓
    Charge satisfied #3
  43. 1993-11-25
    🔓
    Charge satisfied #10
  44. 1990-04-25
    🔒
    Charge registered #10
    Lender: Highlands and Islands Development Board
  45. 1980-04-11
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  46. 1978-08-28
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  47. 1978-05-15
    🔒
    Charge registered #3
    Lender: Highlands & Islands Development Board
  48. 1977-11-23
    🔒
    Charge registered #2
    Lender: Highlands & Island Development Board
  49. 1976-07-28
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  50. 1976-06-04
    🏢
    Company incorporated
    As MALLAIG BOATBUILDING AND ENGINEERING COMPANY LIMITED

Owner dependency

91/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
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 72 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 50 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.

Group structure

Crannog Concept Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Crannog Concept Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
MALLAIG BOATBUILDING AND ENGINEERING COMPANY LIMITED
This company · SC060116

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%
NameSharesVoting rightsNature of controlNotified
Crannog Concept Ltd
Corporate entity
75–100%
—75-100% shares31/01/2017

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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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
Incorporated1976-06-04
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

The Underwater Centre Marine Walk
Carmichael Way
Fort William
Inverness-Shire
PH33 6FF

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-03
Last: 2026-01-20

Officers (3 active · 12 resigned)

CARR, Andrew Ross→
secretary · appointed 2018-12-19
View their other companies + combined net worth →
Active
FINLAYSON, Finlay Donald→
director · ~71y · appointed 2007-02-27
View their other companies + combined net worth →
Active
FINLAYSON, Lorna Helen O'Neill→
director · ~72y · appointed 2008-05-23
View their other companies + combined net worth →
Active
CAMERON, Graham→
secretary · appointed 2007-08-27 · resigned 2018-12-19
Resigned
FINLAYSON, Finlay Donald→
secretary · appointed 2007-02-27 · resigned 2007-03-06
Resigned
HENDERSON, John→
secretary · appointed 2001-02-08 · resigned 2007-02-27
Resigned
MACDONALD, Angus→
secretary · resigned 2001-02-08
Resigned
MACPHEE & PARTNERS→
corporate-secretary · appointed 2007-03-06 · resigned 2007-08-27
Resigned
HENDERSON, Charles→
director · ~112y · resigned 2007-02-27
Resigned
HENDERSON, John→
director · ~81y · resigned 2007-02-27
Resigned
MACDONALD, Angus→
director · ~89y · resigned 2001-02-08
Resigned
MACPHIE, Thomas John→
director · ~80y · resigned 2001-02-08
Resigned
SINCLAIR, Alasdair George→
director · ~64y · appointed 2005-07-01 · resigned 2007-02-27
Resigned
SUMMERS, Margaret→
director · ~80y · appointed 2005-07-01 · resigned 2007-02-27
Resigned
WILLIAMS, Christopher Martin→
director · ~65y · appointed 2008-05-23 · resigned 2017-09-22
Resigned

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

Mortgages & charges

6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
Highlands and Islands Development Board
Floating charge1 property25/04/199025/11/1993
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property11/04/198007/11/2003
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property28/08/197803/03/2007
satisfied
Highlands & Islands Development Board
Instrument of charge1 property15/05/197815/06/1998
satisfied
Highlands & Island Development Board
Standard security1 property23/11/197703/03/2007
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Mandate1 property28/07/197603/03/2007

Recent filings (125 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-02-06