CRAIGIE ENGINEERING LIMITED

🌳Matureactive
SC144429 · ltd · incorporated 1993-05-14
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.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
  • · Hygiene score: 82 → 62
  • · Opportunity score: 82 → 73
  • · Bankability: 57 → 47
  • · Distress / opportunity: avoid → speculative
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 3 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

  • ↓Opportunity score: 82 → 73
  • ↓Hygiene score: 82 → 62
  • ↓Bankability: 57 → 47
  • ·Distress / opportunity: avoid → speculative
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£952.2k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Repair of machinery
Sector: Manufacturing
ALSO REGISTERED FOR
  • 33150SIC 33150
  • 33190SIC 33190
  • 33200SIC 33200
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 47/100. Strong seller-intent signal (78/100, director aged 77). Asset purchase likely safer than share purchase given structural signals. 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 32.9y

35/100
too messy

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

  • · Oldest live charge is 32.9 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: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
114 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £952,182
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
~ YoY
Net Worth
£952k
↑ 3.9% YoY
Current Assets
£879k
↑ 8.4% YoY
Current Liabilities
—
£0£190k£381k£571k£762k£952kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£1.16M£1.19M
Current assets£878.9k£810.8k
Cash£2.3k£2.3k
Debtors£406.2k£356.7k
Net assets£952.2k£916.1k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2025-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-05-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2019-12-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-05-15
    ➖
    CRAIGIE, Thomas Reid resigned
    director
  10. 2018-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-07-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2017-06-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2016-10-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-09-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2016-09-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  16. 2016-09-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2016-06-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2008-12-04
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  19. 2006-12-28
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  20. 2003-11-06
    ➖
    CLYDE, Hugh resigned
    director
  21. 2003-08-07
    ➖
    AVERY, Peterjoseph resigned
    director
  22. 2000-08-08
    ➕
    CRAIGIE, Lorna appointed
    secretary
  23. 1999-12-10
    🔒
    Charge registered #3
    Lender: Orkney Islands Council
  24. 1999-07-26
    ➖
    SUTHERLAND, Paul John resigned
    secretary
  25. 1999-01-20
    ➖
    DENNEY, Robert Waterson resigned
    director
  26. 1998-03-11
    ➕
    CRAIGIE, Lorna appointed
    director
  27. 1996-07-04
    ➖
    SHAW, Robert Robinson resigned
    secretary
  28. 1996-07-04
    ➕
    SUTHERLAND, Paul John appointed
    secretary
  29. 1995-08-24
    ➕
    AVERY, Peterjoseph appointed
    director
  30. 1993-11-15
    ➖
    LYNCH, Christian Paul resigned
    director
  31. 1993-07-02
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  32. 1993-06-04
    ➕
    CLYDE, Hugh appointed
    director
  33. 1993-05-14
    🏢
    Company incorporated
    As CRAIGIE ENGINEERING LIMITED
  34. 1993-05-14
    ➕
    CRAIGIE, John appointed
    director
  35. 1993-05-14
    ➕
    SHAW, Robert Robinson appointed
    secretary
  36. 1993-05-14
    ➕
    CRAIGIE, Thomas Reid appointed
    director
  37. 1993-05-14
    ➕
    DENNEY, Robert Waterson appointed
    director
  38. 1993-05-14
    ➕
    LYNCH, Christian Paul appointed
    director

Owner dependency

100/100
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 "CRAIGIE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

91/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-28

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Craigie
Individual · British · DOB 06/1949 · age 77
75–100%
—75-100% shares29/06/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1993-05-14
Jurisdictionscotland
Primary SIC33120 — Repair of machinery

Registered office

Grainshore Road
Hatston
Kirkwall
Isle Of Orkney
KW15 1FL

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-05-28OVERDUE
Last: 2025-05-14

Officers (3 active · 7 resigned)

CRAIGIE, Lorna→
secretary · appointed 2000-08-08
View their other companies + combined net worth →
Active
CRAIGIE, John→
director · ~77y · appointed 1993-05-14
View their other companies + combined net worth →
Active
CRAIGIE, Lorna→
director · ~70y · appointed 1998-03-11
View their other companies + combined net worth →
Active
SHAW, Robert Robinson→
secretary · appointed 1993-05-14 · resigned 1996-07-04
Resigned
SUTHERLAND, Paul John→
secretary · appointed 1996-07-04 · resigned 1999-07-26
Resigned
AVERY, Peterjoseph→
director · ~86y · appointed 1995-08-24 · resigned 2003-08-07
Resigned
CLYDE, Hugh→
director · ~94y · appointed 1993-06-04 · resigned 2003-11-06
Resigned
CRAIGIE, Thomas Reid→
director · ~72y · appointed 1993-05-14 · resigned 2019-05-15
Resigned
DENNEY, Robert Waterson→
director · ~101y · appointed 1993-05-14 · resigned 1999-01-20
Resigned
LYNCH, Christian Paul→
director · ~86y · appointed 1993-05-14 · resigned 1993-11-15
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property04/12/2008—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property28/12/2006—
outstanding
Orkney Islands Council
Bond & floating charge1 property10/12/1999—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property02/07/1993—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (114 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-26
termination-director-company-with-name-termination-date
officers · TM01
2020-05-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-04