ALEX S MAIR LIMITED
- 55900Other accommodation
Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 82). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -40% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
7 live charges · 2 lenders · oldest 47.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 47.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £666.3k | £913.3k |
| Current assets | £351.2k | £404.6k |
| Cash | £190.4k | £316.8k |
| Debtors | £72.1k | £1.3k |
| Net assets | £645.5k | £887.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (31 events)Click to expand
- 2025-09-10📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-10-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-10-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-10-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-09-17📄memorandum-articlesincorporation · MA
- 2024-09-17📄resolutionresolution · RESOLUTIONS
- 2024-09-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-04📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-07🔓Charge satisfied #8
- 2022-09-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-08-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-09-14🔓Charge satisfied #7
- 2019-09-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-07-22🔓Charge satisfied #1
- 2014-06-26🔒Charge registered #8Lender: Santander UK PLC
- 2011-12-22🔓Charge satisfied #6
- 2011-12-22🔓Charge satisfied #5
- 2003-12-12🔒Charge registered #7Lender: Clydesdale Bank Public Limited Company
- 1999-03-10🔒Charge registered #6Lender: Clydesdale Bank Public Limited Company
- 1999-03-09🔒Charge registered #5Lender: Clydesdale Bank Public Limited Company
- 1995-09-19🔓Charge satisfied #3
- 1995-09-19🔓Charge satisfied #2
- 1989-06-20🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1983-06-08🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1978-06-30🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1978-05-04🏢Company incorporatedAs ALEX S MAIR LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 82 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 48 years old and no new directors in the last 3 years — succession not yet being planned internally.
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
Alex S Mair (Holdings) Limited 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 |
|---|---|---|---|---|
Alex S Mair (Holdings) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 25/10/2024 |
2 historic (ceased) PSCs
- Jjt Macgregor (Property) Limitedceased 25/10/2024· 75-100% shares · 75-100% voting · board control
- Mr John James Turnbull Macgregorceased 01/10/2024· 75-100% shares · 75-100% voting
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.
See pricing →Similar companies
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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 →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 (3 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Santander Santander UK PLC | A registered charge | 1 property | 26/06/2014 | 07/06/2023 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/12/2003 | 14/09/2019 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 10/03/1999 | 22/12/2011 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 09/03/1999 | 22/12/2011 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 20/06/1989 | 19/09/1995 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 08/06/1983 | 19/09/1995 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 30/06/1978 | 22/07/2014 |