FIRST RAITT ENGINEERING LIMITED

🌳Matureactive

SC164128 · ltd · incorporated 1996-03-13

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

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Other professional, scientific and technical activities n.e.c.

Sector: Professional, scientific & technical

Investor take

Pursue

Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

7 officers (2 active, 7 linked, 4 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

112 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

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	200	200

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

filing

• 1 confirmation-statement

Last 180 days

filings

• 2 persons-with-significant-control
• 2 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2025-11-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-19
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-19
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-26
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-26
📄
change-person-director-company-with-change-date
officers · CH01
2023-05-29
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-12
📄
resolution
resolution · RESOLUTIONS
2022-10-12
📄
resolution
resolution · RESOLUTIONS
2022-10-12
📄
resolution
resolution · RESOLUTIONS
2022-10-12
📄
memorandum-articles
incorporation · MA
2022-08-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2013-04-05
➕
RAITT, Duncan Kenneth appointed
director
2013-04-05
➖
RAITT, Sheila resigned
secretary
2000-04-02
➕
RAITT, Karan appointed
director
2000-04-02
➖
RAITT, Karan resigned
secretary
2000-04-02
➕
RAITT, Sheila appointed
secretary
2000-04-02
➖
RAITT, Duncan Kenneth resigned
director
1996-03-13
🏢
Company incorporated
As FIRST RAITT ENGINEERING LIMITED
1996-03-13
➕
RAITT, Karan appointed
secretary
1996-03-13
➕
REID, Brian appointed
nominee-secretary
1996-03-13
➖
REID, Brian resigned
nominee-secretary
1996-03-13
➕
MABBOTT, Stephen appointed
nominee-director
1996-03-13
➖
MABBOTT, Stephen resigned
nominee-director
1996-03-13
➕
RAITT, Duncan Kenneth appointed
director

Owner dependency

99/100

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 "RAITT" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 60 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100

Likely off-market candidate

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 30 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
Mr Duncan Kenneth Raitt Individual · British · DOB 05/1966 · age 60	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016
Mrs Karan Raitt Individual · British · DOB 08/1966 · age 60	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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 →

Similar companies

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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
J'LISSIA LTD→ SC870383 · est 2025 · no financials extracted	—	—	—	—	—	—	—
JAMES FISHER PROPERTIES LIMITED→ SC289788 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
JAMIE SHEWAN SUBSEA SERVICES LTD→ SC766621 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
JASMINE HOLDINGS LIMITED→ SC149145 · est 1994 · no financials extracted	—	—	—	—	32y	—	—
JCAJ LTD→ SC406640 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
JENGRA LIMITED→ SC358899 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
JEOPLAN LTD→ SC488555 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
JESSCON LTD→ SC804442 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
JHL TECHNICAL LTD→ SC873784 · est 2025 · no financials extracted	—	—	—	—	—	—	—
JIM YOUNG LIFTING SERVICES LIMITED→ SC856855 · est 2025 · no financials extracted	—	—	—	—	—	—	—
JK BARCLAY LIMITED→ SC404037 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
JK DECOM LTD→ SC848785 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated1996-03-13

Jurisdictionscotland

Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

4 Rubislaw Terrace

Aberdeen

AB10 1XE

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-27

Last: 2026-02-13

Officers (2 active · 5 resigned)

RAITT, Duncan Kenneth→

director · ~60y · appointed 2013-04-05

View their other companies + combined net worth →

Active

RAITT, Karan→

director · ~60y · appointed 2000-04-02

View their other companies + combined net worth →

Active

RAITT, Karan→

secretary · appointed 1996-03-13 · resigned 2000-04-02

Resigned

RAITT, Sheila→

secretary · appointed 2000-04-02 · resigned 2013-04-05

Resigned

REID, Brian→

nominee-secretary · appointed 1996-03-13 · resigned 1996-03-13

Resigned

MABBOTT, Stephen→

nominee-director · ~76y · appointed 1996-03-13 · resigned 1996-03-13

Resigned

RAITT, Duncan Kenneth→

director · ~60y · appointed 1996-03-13 · resigned 2000-04-02

Resigned

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

Recent filings (112 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-02-19

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-11-19

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-11-19

change-person-director-company-with-change-date

officers · CH01

2025-11-19

change-person-director-company-with-change-date

officers · CH01

2025-11-19

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-11-19

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-07-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-09-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-12-04

change-person-director-company-with-change-date

officers · CH01

2023-10-26

change-person-director-company-with-change-date

officers · CH01

2023-10-26

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-05-29

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-05-03