MAGMA FABRICATION (GLENROTHES) LIMITED
- · Thesis: well-run, low negotiation leverage
No material changes in the last 30 days.
No snapshot from 90 days ago — start tracking from today.
No snapshot from 180 days ago — start tracking from today.
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 80). 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
4 live charges · 3 lenders · oldest 45.5y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 45.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
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.
Key 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 |
|---|---|---|
| Average employees | 3 | 500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
Corporate timeline (23 events)Click to expand
- 2025-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-08-04📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-08-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-08-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-07-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-07-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-07-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 1997-01-31➖HALL, Fred resigneddirector
- 1994-02-15🔓Charge satisfied #5
- 1994-02-15🔓Charge satisfied #3
- 1994-01-11🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 1990-03-05🔒Charge registered #5Lender: Glenrothes Developments Corporation
- 1985-10-23🔒Charge registered #3Lender: Glenrothes Development Corporation
- 1981-01-08🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1979-12-13🏢Company incorporatedAs MAGMA FABRICATION (GLENROTHES) LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 80 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 80 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 47 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.
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Elizabeth Mckenzie Individual · British · DOB 07/1949 · age 77 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Brian Ray Forrester Individual · British · DOB 08/1946 · age 80 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Andrew Mckenzie Individual · British · DOB 10/1947 · age 79 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 11/01/1994 | — | |
| satisfied | Glenrothes Developments Corporation | Standard security | 1 property | 05/03/1990 | 15/02/1994 | |
| satisfied | Glenrothes Development Corporation | Standard security | 1 property | 23/10/1985 | 15/02/1994 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 08/01/1981 | — |