EASTWAY CONSTRUCTION LIMITED

🌳Matureactive
SC154766 · ltd · incorporated 1994-12-06
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 31.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Construction of other civil engineering projects n.e.c.
Sector: Construction
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 69). 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 (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 31.2y

50/100
clean up first

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

  • · Oldest live charge is 31.2 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: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (4 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees222200

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
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-04-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-03-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-02-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2020-01-27
    ➕
    TURNBULL, Robert Christopher appointed
    director
  13. 2019-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-01-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2017-11-29
    ➖
    MILLER, Derek resigned
    director
  17. 2017-11-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2011-09-07
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  19. 2010-02-11
    🔓
    Charge satisfied #1
  20. 2007-05-01
    ➕
    MILLER, Derek appointed
    director
  21. 1995-09-01
    ➕
    TURNBULL, Mary appointed
    director
  22. 1995-08-31
    ➖
    MATHERS, William resigned
    director
  23. 1995-06-30
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  24. 1995-02-24
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  25. 1995-01-06
    ➕
    TURNBULL, Robert appointed
    secretary
  26. 1995-01-06
    ➕
    TURNBULL, Robert appointed
    director
  27. 1995-01-06
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  28. 1995-01-06
    ➕
    MATHERS, William appointed
    director
  29. 1995-01-06
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  30. 1994-12-06
    🏢
    Company incorporated
    As EASTWAY CONSTRUCTION LIMITED
  31. 1994-12-06
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  32. 1994-12-06
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — 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 69. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 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
NameSharesVoting rightsNature of controlNotified
Mrs Mary Turnbull
Individual · British · DOB 02/1958 · age 68
25–50%
25–50%25-50% shares · 25-50% voting10/04/2025
Mr Robert Turnbull
Individual · British · DOB 02/1957 · age 69
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

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
Incorporated1994-12-06
Jurisdictionscotland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

Unit 79 Ridge Way
Hillend Industrial Estate
Dalgety Bay
Fife
KY11 9JH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-20
Last: 2025-12-06

Officers (4 active · 4 resigned)

TURNBULL, Robert→
secretary · appointed 1995-01-06
View their other companies + combined net worth →
Active
TURNBULL, Mary→
director · ~68y · appointed 1995-09-01
View their other companies + combined net worth →
Active
TURNBULL, Robert Christopher→
director · ~41y · appointed 2020-01-27
View their other companies + combined net worth →
Active
TURNBULL, Robert→
director · ~69y · appointed 1995-01-06
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1994-12-06 · resigned 1995-01-06
Resigned
MATHERS, William→
director · ~77y · appointed 1995-01-06 · resigned 1995-08-31
Resigned
MILLER, Derek→
director · ~74y · appointed 2007-05-01 · resigned 2017-11-29
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1994-12-06 · resigned 1995-01-06
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Bond & floating charge1 property07/09/2011—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property30/06/1995—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property24/02/199511/02/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (95 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-10
change-person-director-company-with-change-date
officers · CH01
2025-03-04
change-person-director-company-with-change-date
officers · CH01
2025-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-11