CETA (PRECISION ENGINEERING) LIMITED
- · Oldest live charge 43.2y old — refinance window within 12 months
Opportunity 79/100 (strong), bankability 75/100. 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
3 live charges · 2 lenders · oldest 43.2y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 43.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | £903.1k | £973.5k |
| Current assets | £735.7k | £824.6k |
| Cash | £529.4k | £536.5k |
| Debtors | £190.7k | £251.8k |
| Net assets | £838.1k | £942.0k |
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 (32 events)Click to expand
- 2025-05-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-09-26📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2017-09-26📄capital-name-of-class-of-sharescapital · SH08
- 2017-09-26📄statement-of-companys-objectschange-of-constitution · CC04
- 2017-09-26📄resolutionresolution · RESOLUTIONS
- 2017-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-07-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-07-05📄change-person-director-company-with-change-dateofficers · CH01
- 2014-05-29➖MCHARG, Andrew resigneddirector
- 2014-05-29➖MURRAY, James Edward resigneddirector
- 2014-05-28➕KERR, Stuart Walter Stephen appointedsecretary
- 2014-05-28➖MURRAY, James Edward resignedsecretary
- 2013-12-19➕KERR, Stuart Walter Stephen appointeddirector
- 2013-12-19➕LAW, David appointeddirector
- 2013-12-19➕TAIT, Kevin Robert appointeddirector
- 2013-04-30➖HOLT, John resigneddirector
- 1995-02-27🔓Charge satisfied #2
- 1994-01-31➖HOFFMAN, Hartmut resigneddirector
- 1991-09-27➖STEEL, William Robert resigneddirector
- 1991-07-08➖SWANSTON, William resigneddirector
- 1986-05-28🔒Charge registered #5Lender: Scottish Development Agency
- 1983-02-21🔒Charge registered #2Lender: Scottish Development Agency
- 1983-02-21🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1983-01-11🏢Company incorporatedAs CETA (PRECISION ENGINEERING) LIMITED
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondary12+ year tenure: Director in role 12 years.
- secondaryStable-but-static management: Company is 43 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
cleanShareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kevin Robert Tait Individual · British · DOB 12/1972 · age 54 | 25–50% | — | 25-50% shares | 06/04/2017 |
Mr David Law Individual · British · DOB 09/1976 · age 50 | 25–50% | — | 25-50% shares | 06/04/2017 |
Mr Stuart Walter Stephen Kerr Individual · British · DOB 03/1967 · age 59 | 25–50% | — | 25-50% shares | 06/04/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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6 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 (4 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Scottish Development Agency | Bond for further loan | 1 property | 28/05/1986 | — | |
| satisfied | Scottish Development Agency | Instrument of charge | 1 property | 21/02/1983 | 27/02/1995 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 21/02/1983 | — |