DALES ENGINEERING LIMITED

🌳Matureactive

SC185834 · ltd · incorporated 1998-05-15

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 2023

Net worth

—

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: dormant / non-trading with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (70/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 27.7y

45/100

clean up first

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

· Oldest live charge is 27.7 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (74/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

17 officers (2 active, 17 linked, 13 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

7 connected companies via shared directors

Filing history

169 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £16,869,235

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2023-12-31
Profit before tax	£16.87M
Average employees	300

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

🔒Filing-note intelligence

3 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 officers

Counts from Companies House filing history.

Corporate timeline (60 events)Click to expand

2026-01-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-31
➖
STEEL, Andrew resigned
director
2025-08-07
📄
accounts-with-accounts-type-full
accounts · AA
2025-05-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-30
➖
O'BRIEN, Paul resigned
director
2024-07-02
📄
accounts-with-accounts-type-full
accounts · AA
2024-05-08
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-26
➕
ADAM-OWEN, Kaylea appointed
director
2024-01-26
➕
O'BRIEN, Paul appointed
director
2023-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-20
📄
accounts-with-accounts-type-full
accounts · AA
2023-05-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-19
➖
MILNE, Michael resigned
director
2022-07-21
📄
accounts-with-accounts-type-full
accounts · AA
2022-04-27
📄
change-person-director-company-with-change-date
officers · CH01
2022-04-01
➕
PATERSON, Kevin appointed
director
2022-04-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-17
📄
accounts-with-accounts-type-full
accounts · AA
2021-05-07
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-05-06
📄
change-person-director-company-with-change-date
officers · CH01
2021-04-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-12
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-02-04
📄
capital-name-of-class-of-shares
capital · SH08
2020-12-11
➖
DEW, Richard resigned
director
2020-12-10
🔒
Charge registered #5
Lender: Clydesdale Bank PLC
2020-12-10
🔒
Charge registered #4
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2020-12-10
🔒
Charge registered #3
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2020-12-09
➖
LC SECRETARIES LIMITED resigned
corporate-secretary
2020-12-09
➕
DEW, Richard appointed
director
2020-12-09
➕
MILNE, Michael appointed
director
2020-12-09
➖
NICOL, Mary resigned
director
2020-12-09
➖
NICOL, Maurice James resigned
director
2020-12-09
➕
STEEL, Andrew appointed
director
2020-11-26
🔓
Charge satisfied #2
2018-02-01
➕
LC SECRETARIES LIMITED appointed
corporate-secretary
2018-02-01
➖
STEWART & WATSON resigned
corporate-secretary
2017-04-13
➖
ANTCZAK, Kerry Ann resigned
director
2009-12-22
➕
NICOL, Mary appointed
director
2005-11-03
🔓
Charge satisfied #1
2004-03-16
➖
DUNCAN, William George resigned
director
2004-03-16
➖
MACKIE, Graham Alexander resigned
director
2004-03-08
➖
ROBERTSON, Douglas Alexander Mitchell resigned
director
2004-01-15
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2004-01-14
➖
MACKIE, Graham Alexander resigned
secretary
2004-01-14
➕
STEWART & WATSON appointed
corporate-secretary
1999-10-06
➕
MACKIE, Graham Alexander appointed
secretary
1999-10-06
➖
STRONACHS resigned
corporate-nominee-secretary

Showing most recent 50 of 60 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·

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

Neorion Bidco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Neorion Bidco Limited

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

ultimate parent

⬇

DALES ENGINEERING LIMITED

This company · SC185834

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
Neorion Bidco Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	10/12/2020

2 historic (ceased) PSCs

Mr Maurice James Nicolceased 10/12/2020· 25-50% shares · 25-50% voting
Mrs Mary Nicolceased 28/11/2020· 25-50% shares · 25-50% voting

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 · Holding company · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
THE RUTLAND (EDINBURGH) LIMITED→ SC247306 · est 2003	£6.24M £5.31M–£7.18M	—	£6.24M	—	23y	82	77y
HERD HOLDINGS LIMITED→ SC254945 · est 2003	£236.6k £201.1k–£272.1k	—	£236.6k	—	22y	82	78y
THE DON FISHING COMPANY (TRAWLING) LIMITED→ SC133042 · est 1991	£172.7k £146.8k–£198.6k	—	£172.7k	—	34y	82	77y
WOOD & DAVIDSON LIMITED→ SC004296 · est 1899	£11.3k £9.6k–£12.9k	—	£11.3k	—	126y	82	77y
LONDON SHETLAND SECURITIES LIMITED→ SC192120 · est 1998	£5.6k £4.8k–£6.5k	—	£5.6k	—	27y	82	69y
DON FISHING COMPANY (FRASERBURGH) LIMITED (THE)→ SC092365 · est 1985	£2.0k £1.7k–£2.3k	—	£2.0k	—	41y	82	77y
BANFFSHIRE FISHSELLING COMPANY LIMITED→ SC054512 · est 1973	£2 £2–£2	—	£2	—	52y	82	77y
INTEROCEAN GROUP SERVICES LIMITED→ SC484003 · est 2014	—	—	—	0	11y	94	63y
SODEXO REMOTE SITES SUPPORT SERVICES LIMITED→ SC161470 · est 1995	—	—	—	0	30y	84	58y
BALMORAL COMPOSITES LIMITED→ SC234546 · est 2002 · no financials extracted	—	—	—	—	23y	83	86y
BALMORAL GROUP HOLDINGS LIMITED→ SC277480 · est 2004 · no financials extracted	—	—	—	—	21y	83	86y
CLIPPER HOLDINGS LIMITED→ SC103809 · est 1987 · no financials extracted	—	—	—	—	39y	83	74y

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

Incorporated1998-05-15

Jurisdictionscotland

Primary SIC74990 — Non-trading company

Registered office

Dales Business Centre

25 York Street

Aberdeen

AB11 5DP

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-05-29

Last: 2025-05-15

Officers (2 active · 15 resigned)

ADAM-OWEN, Kaylea→

director · ~47y · appointed 2024-01-26

View their other companies + combined net worth →

Active

PATERSON, Kevin→

director · ~39y · appointed 2022-04-01

View their other companies + combined net worth →

Active

MACKIE, Graham Alexander→

secretary · appointed 1999-10-06 · resigned 2004-01-14

Resigned

LC SECRETARIES LIMITED→

corporate-secretary · appointed 2018-02-01 · resigned 2020-12-09

Resigned

STEWART & WATSON→

corporate-secretary · appointed 2004-01-14 · resigned 2018-02-01

Resigned

STRONACHS→

corporate-nominee-secretary · appointed 1998-05-15 · resigned 1999-10-06

Resigned

ANTCZAK, Kerry Ann→

director · ~51y · appointed 1998-11-06 · resigned 2017-04-13

Resigned

DEW, Richard→

director · ~46y · appointed 2020-12-09 · resigned 2020-12-11

Resigned

DUNCAN, William George→

director · ~69y · appointed 1998-11-06 · resigned 2004-03-16

Resigned

MACKIE, Graham Alexander→

director · ~70y · appointed 1998-11-06 · resigned 2004-03-16

Resigned

MILNE, Michael→

director · ~56y · appointed 2020-12-09 · resigned 2023-05-19

Resigned

NICOL, Mary→

director · ~82y · appointed 2009-12-22 · resigned 2020-12-09

Resigned

NICOL, Maurice James→

director · ~79y · appointed 1998-07-30 · resigned 2020-12-09

Resigned

O'BRIEN, Paul→

director · ~57y · appointed 2024-01-26 · resigned 2025-04-30

Resigned

RENNIE, David Alan→

nominee-director · ~73y · appointed 1998-05-15 · resigned 1998-07-30

Resigned

ROBERTSON, Douglas Alexander Mitchell→

director · ~82y · appointed 1998-11-06 · resigned 2004-03-08

Resigned

STEEL, Andrew→

director · ~64y · appointed 2020-12-09 · resigned 2025-12-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:5 of 5 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	10/12/2020	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	10/12/2020	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	10/12/2020	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	15/01/2004	26/11/2020
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Floating charge	1 property	24/08/1998	03/11/2005

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

Recent filings (169 total)

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

officers · TM01

2026-01-05

accounts-with-accounts-type-full

accounts · AA

2025-08-07

confirmation-statement-with-updates

confirmation-statement · CS01

2025-05-22

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

officers · TM01

2025-05-20

accounts-with-accounts-type-full

accounts · AA

2024-07-02

confirmation-statement-with-updates

confirmation-statement · CS01

2024-05-15

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

persons-with-significant-control · PSC05

2024-05-08

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

officers · AP01

2024-02-12

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

officers · AP01

2024-02-12

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

officers · CH01

2023-10-10

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

officers · CH01

2023-10-10

accounts-with-accounts-type-full

accounts · AA

2023-06-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-05-30

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

officers · TM01

2023-05-30

accounts-with-accounts-type-full

accounts · AA

2022-07-21