MARTEC ENGINEERING GROUP LIMITED

🌳Matureactive

SC165315 · ltd · incorporated 1996-05-01

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

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: SIC 24100

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 72-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 72). Share purchase looks the cleaner deal structure. 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 (45/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 29.9y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 29.9 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 48/100 (high).

Data confidence

Overall: high (82/100)

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

21 officers (3 active, 21 linked, 17 with DOB)

Ownership & PSC

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

Director network

9 connected companies via shared directors

Filing history

123 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review 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	2024-12-31	2023-12-31
Average employees	4900	7600

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

🔒Filing-note intelligence

4 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

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

Last 90 days

filings

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

Last 180 days

filings

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

Counts from Companies House filing history.

Corporate timeline (69 events)Click to expand

2026-04-15
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-15
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-11
➕
WHITE, Ian appointed
director
2025-06-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-21
➖
MILLER, Lauren Ann resigned
secretary
2025-05-21
➖
MILLER, Gary resigned
director
2025-05-21
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-30
➖
MCGUIGAN, Mark resigned
director
2024-01-19
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-01-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-19
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-01-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-01
➕
MILLER, Lauren Ann appointed
secretary
2023-12-31
➖
SHORT, Katrina resigned
secretary
2023-12-31
➖
MCGHEE, Joanne Muir resigned
director
2023-12-31
➖
SHORT, Katrina resigned
director
2023-07-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-20
➖
MOCHAN, Graham Lawrence resigned
director
2023-04-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-09-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-11
📄
change-person-director-company-with-change-date
officers · CH01
2022-05-11
📄
change-person-secretary-company-with-change-date
officers · CH03
2022-05-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-10-29
➕
MCGHEE, Joanne Muir appointed
director
2021-10-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-07-26
➕
DICKIE, Karen Terri appointed
director
2021-05-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-03
➕
SHORT, Katrina appointed
director
2016-08-18
➕
SHORT, Katrina appointed
secretary
2016-08-18
➖
WARD, Maureen resigned
secretary
2015-06-30
➖
BIRNIE, Carole resigned
director
2015-06-15
➕
MCGUIGAN, Mark appointed
director
2013-11-07
➕
MILLER, Gary appointed
director
2012-12-31
➖
MCARDLE, Thomas resigned
director
2012-11-29
➕
BIRNIE, Carole appointed
director
2011-11-30
🔒
Charge registered #6
Lender: Clydesdale Bank PLC
2009-01-13
➕
MCARDLE, Thomas appointed
director
2008-11-10
➖
CAPPIE, Brian resigned
director
2008-11-10
➖
WHYTE, Gavin resigned
director
2008-09-24
🔓
Charge satisfied #5
2008-09-24
🔓
Charge satisfied #2
2008-06-03
➕
CAPPIE, Brian appointed
director
2008-06-03
➕
WHYTE, Gavin appointed
director
2007-10-06
🔓
Charge satisfied #1
2007-09-27
🔒
Charge registered #5
Lender: Clydesdale Bank Public Limited Company
2007-06-05
🔒
Charge registered #4
Lender: Clydesdale Bank Public Limited Company

Showing most recent 50 of 69 events

Owner dependency

75/100

High — earn-out structure required

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

FACTORS

+Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 72 — succession pressure is live.

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 70+: Senior director is approximately 72 years old. Natural succession window is now.
primary20+ year tenure: Director in role 30 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

2 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MILLER, Lauren Ann resigned 2025-05-21; MILLER, Gary resigned 2025-05-21

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

Martec Engineering Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Martec Engineering Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

MARTEC ENGINEERING GROUP LIMITED

This company · SC165315

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Martec Engineering Holdings Limited Corporate entity	75–100%	75–100%	board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest	01/10/2021

1 historic (ceased) PSC

Mr Martin Mchughceased 01/10/2021· 75-100% shares

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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TRU 2 LEVEL LTD→ SC751114 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
TUAL TECHNOLOGY LTD→ SC767622 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
TUMBLEVISION GAMES LTD→ SC853272 · est 2025 · no financials extracted	—	—	—	—	—	—	—
TUNEUP LTD→ SC693598 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
TURNER AVIATION LIMITED→ SC044355 · est 1967 · no financials extracted	—	—	—	—	59y	—	—
TURUK OIL AND GAS DEVELOPMENT CO LTD→ SC613976 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
TVRS TECH TEAM LIMITED→ SC424239 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
TWM JOINERS T/A MURF PRO DEVELOP BUILDERS LTD→ SC639482 · est 2019 · no financials extracted	—	—	—	—	6y	—	—

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

🔒Tailored diligence questions

8 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

Incorporated1996-05-01

Jurisdictionscotland

Primary SIC24100 — SIC 24100

Registered office

Block 7, 20 Clydesmill Drive

Cambuslang Investment Park

Cambuslang, Glasgow

G32 8RG

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-04-29

Last: 2026-04-15

Officers (3 active · 18 resigned)

DICKIE, Karen Terri→

director · ~62y · appointed 2021-07-26

View their other companies + combined net worth →

Active

MCHUGH, Martin→

director · ~72y · appointed 1996-05-01

View their other companies + combined net worth →

Active

WHITE, Ian→

director · ~56y · appointed 2025-06-11

View their other companies + combined net worth →

Active

MILLER, Lauren Ann→

secretary · appointed 2024-01-01 · resigned 2025-05-21

Resigned

REID, Brian→

nominee-secretary · appointed 1996-05-01 · resigned 1996-05-01

Resigned

SHORT, Katrina→

secretary · appointed 2016-08-18 · resigned 2023-12-31

Resigned

WARD, Maureen→

secretary · appointed 1996-05-01 · resigned 2016-08-18

Resigned

BIRNIE, Carole→

director · ~57y · appointed 2012-11-29 · resigned 2015-06-30

Resigned

CAPPIE, Brian→

director · ~66y · appointed 2008-06-03 · resigned 2008-11-10

Resigned

HAND, Paul Anthony→

director · ~63y · appointed 2000-12-15 · resigned 2003-10-28

Resigned

LIVINGSTON, Heather→

director · ~57y · appointed 1999-10-18 · resigned 2004-06-30

Resigned

MABBOTT, Stephen→

nominee-director · ~76y · appointed 1996-05-01 · resigned 1996-05-01

Resigned

MCARDLE, Thomas→

director · ~70y · appointed 2009-01-13 · resigned 2012-12-31

Resigned

MCFARLANE, Karen→

director · ~56y · appointed 2002-07-04 · resigned 2004-06-30

Resigned

MCGHEE, Joanne Muir→

director · ~45y · appointed 2021-10-29 · resigned 2023-12-31

Resigned

MCGUIGAN, Mark→

director · ~58y · appointed 2015-06-15 · resigned 2024-05-30

Resigned

MCKECHAN, Ronnie→

director · ~59y · appointed 2004-06-30 · resigned 2006-05-31

Resigned

MILLER, Gary→

director · ~58y · appointed 2013-11-07 · resigned 2025-05-21

Resigned

MOCHAN, Graham Lawrence→

director · ~76y · appointed 2006-04-17 · resigned 2023-04-20

Resigned

SHORT, Katrina→

director · ~57y · appointed 2020-12-03 · resigned 2023-12-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC	Floating charge	1 property	30/11/2011	—
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	27/09/2007	24/09/2008
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	05/06/2007	—
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	08/05/2007	—
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	27/12/2001	24/09/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	19/06/1996	06/10/2007

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (123 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-17

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2026-04-15

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2026-04-15

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

accounts · AA

2025-09-30

appoint-person-director-company-with-name-date

officers · AP01

2025-06-11

termination-secretary-company-with-name-termination-date

officers · TM02

2025-05-21

termination-director-company-with-name-termination-date

officers · TM01

2025-05-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-18

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

accounts · AA

2024-09-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-06-07

termination-director-company-with-name-termination-date

officers · TM01

2024-06-07

appoint-person-secretary-company-with-name-date

officers · AP03

2024-01-19

termination-director-company-with-name-termination-date

officers · TM01

2024-01-19

termination-secretary-company-with-name-termination-date

officers · TM02

2024-01-19

termination-director-company-with-name-termination-date

officers · TM01

2024-01-19