GILMAR ENGINEERING LIMITED
🌳Matureactive
SC191115 · ltd · incorporated 1998-11-13
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 26.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Machining
Sector: Manufacturing
ALSO REGISTERED FOR
- 25990SIC 25990
Investor take
PursueActive trading company with a 62-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (65/100, director aged 62). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 26.4y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 26.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
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 accountsCash
—
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 | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Average employees | 500 | 500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-07-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-12-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-12-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-12-01📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-11-23➕BUTTERWORTH, Martin Paul appointeddirector
- 2021-11-23➕KINMOND, John Alexander appointeddirector
- 2021-11-23➖PIRIE, Morag resignedsecretary
- 2021-11-23➖PIRIE, James Alexander resigneddirector
- 2021-11-23➖PIRIE, Morag resigneddirector
- 2021-06-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-10🔓Charge satisfied #4
- 2020-03-10🔓Charge satisfied #2
- 2020-02-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2000-01-13🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 1999-12-14🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1998-11-16➕PIRIE, Morag appointedsecretary
- 1998-11-16➖PF & S (SECRETARIES) LIMITED resignedcorporate-nominee-secretary
- 1998-11-16➕PIRIE, James Alexander appointeddirector
- 1998-11-16➕PIRIE, Morag appointeddirector
- 1998-11-16➖PF & S (DIRECTORS) LIMITED resignedcorporate-nominee-director
- 1998-11-13🏢Company incorporatedAs GILMAR ENGINEERING LIMITED
- 1998-11-13➕PF & S (SECRETARIES) LIMITED appointedcorporate-nominee-secretary
- 1998-11-13➕PF & S (DIRECTORS) LIMITED appointedcorporate-nominee-director
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Netmc Estates Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Netmc Estates Ltd
Corporate parent · holds 75-100% shares · board control
⬇
GILMAR ENGINEERING LIMITED
This company · SC191115
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 |
|---|---|---|---|---|
Netmc Estates Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 23/11/2021 |
2 historic (ceased) PSCs
- Mr James Alexander Pirieceased 23/11/2021· 25-50% shares
- Mrs Morag Pirieceased 23/11/2021· 25-50% 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
Active · Manufacturing · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KILRYMONT GEOSCIENCE LIMITED→ SC278627 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| KIRKTON ENTERPRISES LTD→ SC727866 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| KRAKEN SUBSEA LIMITED→ SC625056 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| LIFETIME AFLOAT LTD→ SC838884 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| LJF CUSTOM COATINGS LIMITED→ SC751474 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| LLOYD'S REGISTER ALIGNED SERVICES LIMITED→ SC318186 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| LLOYDS GROUP INTERNATIONAL LIMITED→ SC644555 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| LPD TECHNICAL LTD→ SC771949 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| LR 1760 (1) LIMITED→ SC252441 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| LURK ENERGY SERVICES LTD→ SC636368 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| M.88 FRAGRANCES LTD→ SC578959 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| M4 ENERGY SERVICES LTD→ SC805339 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1998-11-13
Jurisdictionscotland
Primary SIC25620 — Machining
Registered office
Gilmar Engineering Limited
Pitmedden
Ellon
AB41 7PD
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13
Officers (2 active · 5 resigned)
BUTTERWORTH, Martin Paul→
Activedirector · ~62y · appointed 2021-11-23
View their other companies + combined net worth →
KINMOND, John Alexander→
Activedirector · ~52y · appointed 2021-11-23
View their other companies + combined net worth →
PIRIE, Morag→
Resignedsecretary · appointed 1998-11-16 · resigned 2021-11-23
PF & S (SECRETARIES) LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-11-13 · resigned 1998-11-16
PIRIE, James Alexander→
Resigneddirector · ~72y · appointed 1998-11-16 · resigned 2021-11-23
PIRIE, Morag→
Resigneddirector · ~71y · appointed 1998-11-16 · resigned 2021-11-23
PF & S (DIRECTORS) LIMITED→
Resignedcorporate-nominee-director · appointed 1998-11-13 · resigned 1998-11-16
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 13/01/2000 | 10/03/2020 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 14/12/1999 | 10/03/2020 |
Recent filings (78 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-02
appoint-person-director-company-with-name-date
officers · AP01
2021-12-02
termination-director-company-with-name-termination-date
officers · TM01
2021-12-02
appoint-person-director-company-with-name-date
officers · AP01
2021-12-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-12-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-12-01
termination-director-company-with-name-termination-date
officers · TM01
2021-12-01