MERLIN ELECTRO-PLATING LIMITED
🌳Matureactive
SC068581 · ltd · incorporated 1979-06-18
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 12.5y old — refinance window within 12 months
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 Apr 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
PursueActive trading company with a 79-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (73/100, director aged 79). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 12.5y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 12.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
12 officers (4 active, 12 linked, 9 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
121 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Average employees | 10 | 1200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals 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
10
filings
- • 6 officers
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2026-01-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-26📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-01-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-01-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-01-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-12➕BALLINGALL, William Gerard appointeddirector
- 2026-01-12➕FORSYTH, Thomas Alan appointeddirector
- 2026-01-12➕HIGGINS, Jordan appointeddirector
- 2026-01-12➕TIMLIN, Brian appointeddirector
- 2026-01-12➖MACHRAY, Christine Jennifer resignedsecretary
- 2026-01-12➖MACHRAY, Andrew resigneddirector
- 2026-01-12🔒Charge registered #3Lender: Machray Holdings Limited
- 2025-12-15📄memorandum-articlesincorporation · MA
- 2025-12-15📄resolutionresolution · RESOLUTIONS
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-06📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-15🔓Charge satisfied #2
- 2024-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-30🔓Charge satisfied #1
- 2024-01-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-02🔒Charge registered #2Lender: Bank of Scotland PLC
- 2013-12-24🔒Charge registered #1Lender: Bank of Scotland PLC
- 2012-02-10➖FLEMING, Andrea Agnes resignedsecretary
- 2012-02-10➕MACHRAY, Christine Jennifer appointedsecretary
- 2012-02-10➖FLEMING, Andrea Agnes resigneddirector
- 2012-02-10➖FLEMING, Peter resigneddirector
- 2012-02-10➕MACHRAY, Andrew appointeddirector
- 2011-11-04➕FLEMING, Andrea Agnes appointeddirector
- 2000-06-12➖DEMPSEY, Samuel resignedsecretary
- 2000-06-12➕FLEMING, Andrea Agnes appointedsecretary
- 2000-06-12➖BURN, John resigneddirector
- 2000-06-12➖DEMPSEY, Samuel resigneddirector
- 1979-06-18🏢Company incorporatedAs MERLIN ELECTRO-PLATING LIMITED
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 79 — succession pressure is live.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
Red flags
1 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MACHRAY, Christine Jennifer resigned 2026-01-12; MACHRAY, Andrew resigned 2026-01-12
Group structure
M.S.E.P Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
M.S.E.P Limited
Corporate parent · holds 75-100% shares · board control
⬇
MERLIN ELECTRO-PLATING LIMITED
This company · SC068581
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 |
|---|---|---|---|---|
M.S.E.P Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/01/2026 |
2 historic (ceased) PSCs
- Machray Holdings Limitedceased 12/01/2026· 75-100% shares · 75-100% voting · board control
- Mr Andrew Machrayceased 01/12/2018· 75-100% shares · 75-100% voting
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 →Similar companies
Active · Manufacturing · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BSB STRUCTURAL LTD.→ SC277667 · est 2004 | £13.76M £10.70M–£16.82M | £20.18M | — | 7300 | 21y | 85 | 65y |
| BROWN MCFARLANE LIMITED→ SC121113 · est 1989 | £6.25M £4.87M–£7.64M | — | — | 92 | 36y | 87 | 60y |
| IMV TECHNOLOGIES UK LIMITED→ SC085981 · est 1983 | £5.78M £4.49M–£7.06M | £16.44M | — | 66 | 42y | 83 | 59y |
| RAINBOW BLINDS AND FABRICS LIMITED→ SC191505 · est 1998 | £1.52M £1.18M–£1.86M | £4.18M | — | 5100 | 27y | 88 | 64y |
| BRYSON TRACTORS LIMITED→ SC235088 · est 2002 | £949.1k £738.2k–£1.16M | — | — | 41 | 23y | 87 | 62y |
| BROWN MCFARLANE PRECISION ENGINEERING LIMITED→ SC652564 · est 2020 | £882.0k £686.0k–£1.08M | — | — | 6 | 6y | 83 | 60y |
| PARKBURN PRECISION HANDLING SYSTEMS LIMITED→ SC158127 · est 1995 | £570.0k £443.3k–£696.7k | — | — | 68 | 31y | 85 | 69y |
| MV FRUEHAUF LTD→ SC708376 · est 2021 | £150.9k £117.4k–£184.4k | — | — | 149 | 4y | 82 | 63y |
| CONSARC ENGINEERING LIMITED→ SC019918 · est 1937 · no financials extracted | — | — | — | — | 88y | 83 | 79y |
| CRANE MAINTAIN LTD→ SC317952 · est 2007 | — | — | £852.7k | — | 19y | 83 | 59y |
| GLENISLA KILTS LIMITED→ SC217626 · est 2001 | — | — | £63.7k | — | 25y | 83 | 74y |
| HUGH LOGAN PLANT & ENGINEERING SERVICES LIMITED→ SC060061 · est 1976 | — | — | £1.25M | — | 50y | 83 | 59y |
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
Incorporated1979-06-18
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
Units 137/138 Mosshall Road
Newhouse Industrial Estate
Newhouse
Lanarkshire
ML1 5RX
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-21
Last: 2026-02-07
Officers (4 active · 8 resigned)
BALLINGALL, William Gerard→
Activedirector · ~65y · appointed 2026-01-12
View their other companies + combined net worth →
FORSYTH, Thomas Alan→
Activedirector · ~79y · appointed 2026-01-12
View their other companies + combined net worth →
HIGGINS, Jordan→
Activedirector · ~31y · appointed 2026-01-12
View their other companies + combined net worth →
TIMLIN, Brian→
Activedirector · ~52y · appointed 2026-01-12
View their other companies + combined net worth →
DEMPSEY, Samuel→
Resignedsecretary · resigned 2000-06-12
FLEMING, Andrea Agnes→
Resignedsecretary · appointed 2000-06-12 · resigned 2012-02-10
MACHRAY, Christine Jennifer→
Resignedsecretary · appointed 2012-02-10 · resigned 2026-01-12
BURN, John→
Resigneddirector · ~87y · resigned 2000-06-12
DEMPSEY, Samuel→
Resigneddirector · ~81y · resigned 2000-06-12
FLEMING, Andrea Agnes→
Resigneddirector · ~82y · appointed 2011-11-04 · resigned 2012-02-10
FLEMING, Peter→
Resigneddirector · ~83y · resigned 2012-02-10
MACHRAY, Andrew→
Resigneddirector · ~60y · appointed 2012-02-10 · resigned 2026-01-12
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Machray Holdings Machray Holdings Limited | A registered charge | — | 12/01/2026 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 02/07/2020 | 15/10/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 24/12/2013 | 30/01/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (121 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-17
appoint-person-director-company-with-name-date
officers · AP01
2026-01-28
appoint-person-director-company-with-name-date
officers · AP01
2026-01-26
termination-secretary-company-with-name-termination-date
officers · TM02
2026-01-26
termination-director-company-with-name-termination-date
officers · TM01
2026-01-26
appoint-person-director-company-with-name-date
officers · AP01
2026-01-26
appoint-person-director-company-with-name-date
officers · AP01
2026-01-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-01-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-16
memorandum-articles
incorporation · MA
2025-12-15
resolution
resolution · RESOLUTIONS
2025-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-07
change-person-director-company-with-change-date
officers · CH01
2025-01-06