THE PARKHEAD WELDING COMPANY LIMITED

🌳Matureactive
SC060280 · ltd · incorporated 1976-06-28
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 44.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£1.42M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

11 live charges · oldest 44.3y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 44.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

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
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
13 officers (5 active, 13 linked, 9 with DOB)
84
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
147 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
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 £1,420,375
Cash YoY
+202%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£605k
↑ 202% YoY
Net Worth
£1.4m
↑ 17% YoY
Current Assets
£1.2m
↑ 25% YoY
Current Liabilities
—
£0£284k£568k£852k£1.1m£1.4mDec 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£1.55M£1.32M
Current assets£1.18M£942.9k
Cash£605.5k£200.7k
Debtors£251.1k£297.8k
Net assets£1.42M£1.21M

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 (55 events)Click to expand
  1. 2025-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2022-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-10-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-07-30
    📄
    capital-cancellation-shares
    capital · SH06
  9. 2019-07-30
    📄
    capital-return-purchase-own-shares
    capital · SH03
  10. 2019-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-11-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2018-11-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2018-11-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2018-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-08-23
    📄
    capital-cancellation-shares
    capital · SH06
  16. 2018-08-23
    📄
    capital-return-purchase-own-shares
    capital · SH03
  17. 2016-06-23
    🔓
    Charge satisfied #12
  18. 2013-04-11
    ➕
    ARBUCKLE, David appointed
    director
  19. 2013-04-11
    ➕
    MORGAN, Alan appointed
    director
  20. 2012-08-07
    🔒
    Charge registered #12
    Lender: The Royal Bank of Scotland PLC
  21. 2011-07-01
    ➕
    MACDONALD, Natalie appointed
    secretary
  22. 2011-07-01
    ➕
    MACDONALD, Angus John appointed
    director
  23. 2011-06-03
    🔓
    Charge satisfied #10
  24. 2011-06-03
    🔓
    Charge satisfied #8
  25. 2011-06-03
    🔓
    Charge satisfied #7
  26. 2011-06-03
    🔓
    Charge satisfied #6
  27. 2011-06-03
    🔓
    Charge satisfied #5
  28. 2010-12-03
    ➖
    DUNN, Alison resigned
    secretary
  29. 2010-12-03
    ➖
    DUNN, Alison resigned
    director
  30. 2010-12-03
    ➖
    MACINDEOR, Neil resigned
    director
  31. 2007-01-19
    🔒
    Charge registered #11
    Lender: The Royal Bank of Scotland PLC
  32. 2006-02-25
    🔓
    Charge satisfied #9
  33. 2006-02-25
    🔓
    Charge satisfied #2
  34. 2005-10-26
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  35. 2005-09-08
    🔒
    Charge registered #9
    Lender: The Royal Bank of Scotland PLC
  36. 2002-06-19
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  37. 1998-03-10
    ➕
    DUNN, Alison appointed
    secretary
  38. 1998-03-10
    ➖
    RAFFERTY, Elizabeth resigned
    secretary
  39. 1998-03-10
    ➕
    DUNN, Alison appointed
    director
  40. 1998-03-10
    ➖
    RAFFERTY, Elizabeth resigned
    director
  41. 1994-10-16
    ➕
    RAFFERTY, William Alexander appointed
    director
  42. 1994-10-16
    ➖
    RAFFERTY, William resigned
    director
  43. 1994-10-16
    ➖
    RAFFERTY, William resigned
    director
  44. 1991-10-12
    ➖
    REID, Frank resigned
    director
  45. 1990-01-01
    ➕
    MACINDEOR, Neil appointed
    director
  46. 1989-12-01
    ➕
    RAFFERTY, William appointed
    director
  47. 1989-12-01
    ➕
    REID, Frank appointed
    director
  48. 1988-06-22
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  49. 1987-05-20
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  50. 1986-05-19
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
Showing most recent 50 of 55 events

Owner dependency

65/100
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 68 — succession pressure is live.

Succession & seller-readiness

80/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • 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.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr William Alexander Rafferty
Individual · British · DOB 03/1958 · age 68
50–75%
—50-75% shares06/04/2016
3 historic (ceased) PSCs
  • Mr Angus John Macdonaldceased 02/11/2018· 25-50% shares
  • Mr David Arbuckleceased 02/11/2018· 25-50% shares
  • Mr Alan Morganceased 02/11/2018· 25-50% shares

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

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
Incorporated1976-06-28
Jurisdictionscotland
Primary SIC25990 — SIC 25990

Registered office

201 Baltic Street
Dalmarnock
Glasgow
G40 3HA

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03

Officers (5 active · 8 resigned)

MACDONALD, Natalie→
secretary · appointed 2011-07-01
View their other companies + combined net worth →
Active
ARBUCKLE, David→
director · ~64y · appointed 2013-04-11
View their other companies + combined net worth →
Active
MACDONALD, Angus John→
director · ~59y · appointed 2011-07-01
View their other companies + combined net worth →
Active
MORGAN, Alan→
director · ~63y · appointed 2013-04-11
View their other companies + combined net worth →
Active
RAFFERTY, William Alexander→
director · ~68y · appointed 1994-10-16
View their other companies + combined net worth →
Active
DUNN, Alison→
secretary · appointed 1998-03-10 · resigned 2010-12-03
Resigned
RAFFERTY, Elizabeth→
secretary · resigned 1998-03-10
Resigned
DUNN, Alison→
director · ~72y · appointed 1998-03-10 · resigned 2010-12-03
Resigned
MACINDEOR, Neil→
director · ~67y · appointed 1990-01-01 · resigned 2010-12-03
Resigned
RAFFERTY, Elizabeth→
director · ~93y · resigned 1998-03-10
Resigned
RAFFERTY, William→
director · ~68y · appointed 1989-12-01 · resigned 1994-10-16
Resigned
RAFFERTY, William→
director · ~93y · resigned 1994-10-16
Resigned
REID, Frank→
director · appointed 1989-12-01 · resigned 1991-10-12
Resigned

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

Mortgages & charges

11
Total charges
2
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property07/08/201223/06/2016
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/01/2007—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property26/10/200503/06/2011
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property08/09/200525/02/2006
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/06/200203/06/2011
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property22/06/198803/06/2011
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property20/05/198703/06/2011
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/05/198603/06/2011
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property29/03/1983—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property18/06/198225/02/2006
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property14/01/198212/06/1985
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (147 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-19
confirmation-statement-with-updates
confirmation-statement · CS01
2019-10-29
capital-cancellation-shares
capital · SH06
2019-07-30