MACKAY & MACKAY LIMITED

🌳Matureactive
SC089648 · ltd · incorporated 1984-09-11
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 28.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£455.3k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Retail sale of hardware, paints and glass in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 28.5y

65/100
clean up first

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

  • · Oldest live charge is 28.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
118 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
60
Some acquirability indicators.
Risk profile
85
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 £455,330
Net assets shrinking
Down £47,055 YoY
Cash YoY
+14%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£297k
↑ 14% YoY
Net Worth
£455k
↓ 9.4% YoY
Current Assets
£690k
↓ 1.4% YoY
Current Liabilities
—
£0£140k£280k£420k£560k£700kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£487.2k£544.5k
Current assets£690.2k£700.1k
Cash£297.4k£260.9k
Debtors£42.0k£74.7k
Net assets£455.3k£502.4k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-02
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  3. 2025-05-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-09-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2020-09-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2019-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-04-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  14. 2018-02-07
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2017-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-03-29
    ➖
    MACDONALD, Isabelle resigned
    secretary
  17. 2017-03-29
    ➖
    MACDONALD, Alexander John resigned
    director
  18. 2003-08-22
    ➕
    MACKAY, Innes appointed
    director
  19. 2003-08-22
    ➕
    MACKAY, Yvonne appointed
    director
  20. 2003-08-22
    ➕
    MACDONALD, Isabelle appointed
    secretary
  21. 2003-08-22
    ➖
    MACKAY, Kenneth Roderick resigned
    secretary
  22. 2003-08-22
    ➕
    MACDONALD, Alexander John appointed
    director
  23. 2003-08-22
    ➖
    MACKAY, Isabel Margaret resigned
    director
  24. 2003-08-22
    ➖
    MACKAY, Kenneth Roderick resigned
    director
  25. 1997-12-10
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  26. 1984-09-11
    🏢
    Company incorporated
    As MACKAY & MACKAY LIMITED

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MACKAY" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 42 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Mackay & Mackay (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mackay & Mackay (Holdings) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
MACKAY & MACKAY LIMITED
This company · SC089648

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mackay & Mackay (Holdings) Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
Mrs Yvonne Mackay
Individual · British · DOB 12/1976 · age 50
——sig. influencesignificant influence06/04/2016
Innes Mackay
Individual · British · DOB 11/1977 · age 49
——sig. influencesignificant influence06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated1984-09-11
Jurisdictionscotland
Primary SIC47520 — Retail sale of hardware, paints and glass in specialised stores

Registered office

20 Bells Road
Stornoway
Isle Of Lewis
HS1 2RA

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (2 active · 5 resigned)

MACKAY, Innes→
director · ~49y · appointed 2003-08-22
View their other companies + combined net worth →
Active
MACKAY, Yvonne→
director · ~50y · appointed 2003-08-22
View their other companies + combined net worth →
Active
MACDONALD, Isabelle→
secretary · appointed 2003-08-22 · resigned 2017-03-29
Resigned
MACKAY, Kenneth Roderick→
secretary · resigned 2003-08-22
Resigned
MACDONALD, Alexander John→
director · ~63y · appointed 2003-08-22 · resigned 2017-03-29
Resigned
MACKAY, Isabel Margaret→
director · ~73y · resigned 2003-08-22
Resigned
MACKAY, Kenneth Roderick→
director · ~77y · resigned 2003-08-22
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property10/12/1997—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (118 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-26
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-06-02
appoint-person-director-company-with-name-date
officers · AP01
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-09-05