MIDLAND ENGINEERING SERVICES LIMITED

🌳Matureactive

SC120669 · ltd · incorporated 1989-10-09

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 20.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

ALSO REGISTERED FOR

71129Other engineering activities

Investor take

Pursue

Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 20.1y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 20.1 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

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, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

10 officers (5 active, 10 linked, 7 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

130 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

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	2025-03-31	2024-03-31
Average employees	700	700

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (31 events)Click to expand

2025-09-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-12
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-12
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-12
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-05
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-05
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-09-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-13
📄
change-person-director-company-with-change-date
officers · CH01
2020-11-13
📄
change-person-director-company-with-change-date
officers · CH01
2020-11-13
📄
change-person-director-company-with-change-date
officers · CH01
2020-10-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-27
📄
change-person-director-company-with-change-date
officers · CH01
2018-11-06
🔓
Charge satisfied #1
2018-07-11
🔒
Charge registered #2
Lender: Ultimate Finance Limited
2018-03-01
➕
PATERSON, Lorna Jay appointed
director
2018-03-01
➕
THOMAS, Gary Rees appointed
director
2006-03-22
🔒
Charge registered #1
Lender: Rbs Invoice Finance Limited
2004-11-12
➕
THOMAS, Pamela Ann appointed
secretary
2004-11-12
➖
RUMSEY, Martin Alexander resigned
secretary
2004-11-12
➖
RUMSEY, Martin Alexander resigned
director
1991-08-28
➕
THOMAS, Pamela Ann appointed
director
1991-08-28
➕
RUMSEY, Martin Alexander appointed
director
1991-03-25
➖
GOVAN, Linda J resigned
secretary
1991-03-25
➖
BUTCHART, James resigned
director
1991-03-25
➖
LONSDALE, Ronald resigned
director
1990-07-06
➕
GOVAN, Linda J appointed
secretary
1989-10-09
🏢
Company incorporated
As MIDLAND ENGINEERING SERVICES LIMITED

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 37 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.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Steven Paul Thomas Individual · British · DOB 05/1958 · age 68	25–50%	—	25-50% shares	28/09/2016
Pamela Ann Thomas Individual · British · DOB 07/1959 · age 67	25–50%	—	25-50% shares	28/09/2016

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 →

Similar companies

Active · Wholesale & distribution · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
RASCAL HOSPITALITY GROUP LTD→ SC868339 · est 2025 · no financials extracted	—	—	—	—	—	—	—
RJ FACADE SYSTEMS LIMITED→ SC398089 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
RJ FIXINGS (MIDLANDS) LTD→ SC566816 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ROC ACCESSORIES LTD→ SC701750 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ROGUE WAREHOUSE LIMITED→ SC747674 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
RS24 LTD→ SC783666 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
SANA BONA UK LTD→ SC838305 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
SC WINES LIMITED→ SC844143 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
SCOTIST LTD→ SC524526 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
SCOTS INTERNATIONAL LTD→ SC665665 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
SEA INTERNATIONAL SHIPPING AGENT LTD→ SC699709 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
SECONDS OUT FIGHT STORE LTD→ SC707196 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

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

Incorporated1989-10-09

Jurisdictionscotland

Primary SIC46900 — Non-specialised wholesale trade

Registered office

Unit 20 & 21 Armadale Industrial Estate

Lower Bathville

Armadale

West Lothian

EH48 2ND

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-11-27

Last: 2025-11-13