W.G.M (ENGINEERING)LIMITED

🌳Matureactive

SC099834 · ltd · incorporated 1986-06-30

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Manufacture of metal structures and parts of structures

Sector: Manufacturing

ALSO REGISTERED FOR

28990SIC 28990
33200SIC 33200
43999Other specialised construction activities n.e.c.

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 57/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 39.3y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 39.3 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

11 officers (7 active, 11 linked, 9 with DOB)

Ownership & PSC

2 active PSC(s) of 5 total, 5 with control declared

Director network

20 connected companies via shared directors

Filing history

151 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (47 events)Click to expand

2025-11-04
📄
accounts-amended-with-accounts-type-full
accounts · AAMD
2025-10-28
📄
accounts-with-accounts-type-full
accounts · AA
2025-04-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-01
➕
HERLIHY, Francis appointed
director
2025-04-01
📄
accounts-with-accounts-type-full
accounts · AA
2025-03-31
➖
DRAPER, Abigail Sarah resigned
director
2024-11-04
📄
change-person-director-company-with-change-date
officers · CH01
2024-09-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-06
🔒
Charge registered #8
Lender: Ares Management Limited (As Security Agent)
2024-09-06
🔒
Charge registered #7
Lender: Ares Management Limited as Security Trustee for the Secured Parties (As Defined in the Instrument)
2024-02-29
📄
change-person-director-company-with-change-date
officers · CH01
2023-12-15
📄
accounts-with-accounts-type-full
accounts · AA
2023-08-23
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-08-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-07-17
📄
resolution
resolution · RESOLUTIONS
2023-04-14
📄
resolution
resolution · RESOLUTIONS
2023-04-14
📄
memorandum-articles
incorporation · MA
2023-04-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-31
🔒
Charge registered #6
Lender: Ares Management Limited (As Security Agent)
2023-03-31
🔒
Charge registered #5
Lender: Ares Management Limited as Security Agent for the Secured
2023-03-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-07
🔓
Charge satisfied #1
2022-12-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-22
🔓
Charge satisfied #4
2022-12-22
🔓
Charge satisfied #3
2022-12-22
🔓
Charge satisfied #2
2022-10-21
📄
memorandum-articles
incorporation · MA
2022-10-01
➕
EVANS, Sally Ann appointed
secretary
2022-10-01
➕
AITKEN, David Scott Macdonald appointed
director
2022-10-01
➕
ROWE, Thomas James Wharton appointed
director
2022-10-01
➕
RYDER, Alasdair Alan appointed
director
2022-10-01
➕
YOUNG, Gary Donald appointed
director
2022-10-01
➖
MATHIESON, Martha resigned
secretary
2022-10-01
➕
DRAPER, Abigail Sarah appointed
director
2022-10-01
➖
MATHIESON, Martha resigned
director
2019-06-18
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
2013-12-02
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC, 2ND Floor, Drummond House, 1 Redheughs Avenue, Edinburgh, EH12 9JH
2008-07-09
🔒
Charge registered #2
Lender: Royal Bank of Scotland PLC
1994-12-12
➕
MATHIESON, Ian Walter appointed
director
1994-12-11
➖
MATHIESON, Walter Gerrard resigned
director
1987-01-21
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1986-06-30
🏢
Company incorporated
As W.G.M (ENGINEERING)LIMITED

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️

Ares Management Limited

Corporate parent · holds 75-100% shares

ultimate parent

🏛️

Rsk Environment Limited

Corporate parent · board control

⬇

W.G.M (ENGINEERING)LIMITED

This company · SC099834

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Ares Management Limited Corporate entity	75–100%	—	75-100% shares	31/03/2023
Rsk Environment Limited Corporate entity	—	75–100%	board control75-100% voting · board control	01/10/2022

3 historic (ceased) PSCs

Mrs Martha Mathiesonceased 23/06/2022· 25-50% shares · 25-50% voting
Mr Ian Walter Mathiesonceased 01/10/2022· 75-100% shares · 75-100% voting · board control
Mrs Martha Mathiesonceased 23/06/2022· 25-50% shares · 25-50% voting · board control

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 · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
DIESELEC THISTLE GENERATORS LIMITED→ SC269766 · est 2004	£7.66M £5.96M–£9.37M	—	—	10300	21y	84	58y
CALEDONIAN PLYWOOD COMPANY LTD.→ SC195444 · est 1999	£6.46M £5.02M–£7.89M	—	—	8100	27y	85	72y
KELVINSIDE ELECTRONICS LIMITED→ SC105407 · est 1987	£4.29M £3.33M–£5.24M	—	—	6100	38y	84	65y
PCT GROUP SALES LIMITED→ SC075642 · est 1981	£3.56M £2.77M–£4.35M	—	—	77	44y	85	83y
PROMAT BD LIMITED→ SC208370 · est 2000	£3.41M £2.65M–£4.17M	—	—	8500	25y	87	70y
INDEPENDENT GLASS COMPANY LIMITED→ SC107294 · est 1987	£2.83M £2.20M–£3.46M	—	—	21800	38y	85	79y
THOMAS TUNNOCK LIMITED→ SC028747 · est 1952	£2.26M £1.76M–£2.76M	—	—	653	74y	85	93y
SAMTEC (EUROPE) LIMITED→ SC096674 · est 1986	£1.51M £1.17M–£1.84M	—	—	2700	40y	85	65y
WALKI LIMITED→ SC014320 · est 1926	£439.3k £341.7k–£536.9k	—	—	35	99y	94	61y
LINIAN SUPPLY CO. LIMITED→ SC246119 · est 2003	—	—	—	1400	23y	88	66y
WILLIAMS WINDOW FABRICATION LIMITED→ SC163160 · est 1996 · no financials extracted	—	—	—	—	30y	—	—
WYLIE-REDMAN (MOULDS) LIMITED→ SC037222 · est 1962 · no financials extracted	—	—	—	—	64y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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.

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Company details

Statusactive

Typeltd

Incorporated1986-06-30

Jurisdictionscotland

Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

65 Sussex Street

Glasgow

G41 1DX

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-04-06

Confirmation statement

Next due: 2026-10-09

Last: 2025-09-25