MACKAY INVESTMENTS LIMITED

🌳Matureactive
SC194442 · ltd · incorporated 1999-03-18
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£3.8k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 77-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 77). 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 (65/100).

🏦

Refinance opportunity

12 live charges · 3 lenders · oldest 27.0y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 27.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
75
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 3 with DOB)
77
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £3,788
Net assets shrinking
Down £263,634 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£4k
↓ 99% YoY
Current Assets
—
Current Liabilities
—
£0£53k£107k£160k£214k£267kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£3.8k£267.4k
Debtors£8.07M£8.04M
Net assets£3.8k£267.4k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
  1. 2025-11-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-03-29
    ➕
    MACKAY, Kenneth Roderick appointed
    secretary
  5. 2023-03-29
    ➖
    MURRAY, Alan John resigned
    secretary
  6. 2023-03-29
    ➖
    MURRAY, Alan John resigned
    director
  7. 2023-03-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-03-29
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2023-03-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2022-10-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  11. 2022-10-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2022-10-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2022-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-08-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2021-08-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2021-08-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2021-08-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2021-08-09
    🔓
    Charge satisfied #12
  19. 2021-08-09
    🔓
    Charge satisfied #11
  20. 2021-08-09
    🔓
    Charge satisfied #10
  21. 2021-08-09
    🔓
    Charge satisfied #7
  22. 2021-06-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  23. 2021-01-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2021-01-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2021-01-28
    🔓
    Charge satisfied #9
  26. 2021-01-28
    🔓
    Charge satisfied #8
  27. 2020-09-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  28. 2018-01-22
    🔒
    Charge registered #12
    Lender: Hsbc Bank PLC
  29. 2017-08-09
    🔓
    Charge satisfied #6
  30. 2017-08-09
    🔓
    Charge satisfied #5
  31. 2017-08-08
    🔒
    Charge registered #11
    Lender: Hsbc Bank PLC
  32. 2017-08-08
    🔒
    Charge registered #10
    Lender: Hsbc Bank PLC
  33. 2017-07-21
    🔒
    Charge registered #9
    Lender: Hsbc Bank PLC
  34. 2017-07-21
    🔒
    Charge registered #8
    Lender: Hsbc Bank PLC
  35. 2017-07-21
    🔒
    Charge registered #7
    Lender: Hsbc Bank PLC
  36. 2017-07-21
    🔓
    Charge satisfied #4
  37. 2012-09-11
    🔓
    Charge satisfied #3
  38. 2012-09-11
    🔓
    Charge satisfied #2
  39. 2012-09-06
    🔓
    Charge satisfied #1
  40. 2012-09-03
    🔒
    Charge registered #6
    Lender: Svenska Handelsbanken Ab (Publ)
  41. 2012-08-31
    🔒
    Charge registered #5
    Lender: Svenska Handelsbanken Ab (Publ)
  42. 2012-08-24
    🔒
    Charge registered #4
    Lender: Svenska Handelsbanken Ab (Publ)
  43. 2007-07-19
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  44. 2002-11-28
    ➕
    MURRAY, Alan John appointed
    director
  45. 1999-10-01
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  46. 1999-08-20
    ➖
    MACKAY, Kenneth Roderick resigned
    secretary
  47. 1999-08-20
    ➕
    MURRAY, Alan John appointed
    secretary
  48. 1999-05-27
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  49. 1999-03-18
    🏢
    Company incorporated
    As MACKAY INVESTMENTS LIMITED
  50. 1999-03-18
    ➕
    MACKAY, Isabel Margaret appointed
    director
Showing most recent 50 of 58 events

Owner dependency

100/100
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 "MACKAY" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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

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

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

🏛️
Bells Road Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
MACKAY INVESTMENTS LIMITED
This company · SC194442

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%
NameSharesVoting rightsNature of controlNotified
Bells Road Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control12/09/2022
2 historic (ceased) PSCs
  • Mrs Isabel Margaret Mackayceased 12/09/2022· 25-50% shares
  • Mr Kenneth Roderick Mackayceased 12/09/2022· 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 →

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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
Incorporated1999-03-18
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

20 Bells Road
Stornoway
Isle Of Lewis
HS1 2RA

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10

Officers (3 active · 6 resigned)

MACKAY, Kenneth Roderick→
secretary · appointed 2023-03-29
View their other companies + combined net worth →
Active
MACKAY, Isabel Margaret→
director · ~73y · appointed 1999-03-18
View their other companies + combined net worth →
Active
MACKAY, Kenneth Roderick→
director · ~77y · appointed 1999-03-18
View their other companies + combined net worth →
Active
MACKAY, Kenneth Roderick→
secretary · appointed 1999-03-18 · resigned 1999-08-20
Resigned
MURRAY, Alan John→
secretary · appointed 1999-08-20 · resigned 2023-03-29
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 1999-03-18 · resigned 1999-03-18
Resigned
MURRAY, Alan John→
director · ~70y · appointed 2002-11-28 · resigned 2023-03-29
Resigned
COMBINED NOMINEES LIMITED→
corporate-nominee-director · appointed 1999-03-18 · resigned 1999-03-18
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-director · appointed 1999-03-18 · resigned 1999-03-18
Resigned

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

Mortgages & charges

12
Total charges
0
Outstanding
0
Active lenders
Status:Lender:12 of 12 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property22/01/201809/08/2021
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property08/08/201709/08/2021
satisfied
HSBC
Hsbc Bank PLC
A registered charge3 properties08/08/201709/08/2021
satisfied
HSBC
Hsbc Bank PLC
A registered charge—21/07/201728/01/2021
satisfied
HSBC
Hsbc Bank PLC
A registered charge—21/07/201728/01/2021
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property21/07/201709/08/2021
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property03/09/201209/08/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Standard security1 property31/08/201209/08/2017
satisfied
Svenska Handelsbanken Ab (Publ)
Floating charge1 property24/08/201221/07/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property19/07/200711/09/2012
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property01/10/199911/09/2012
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property27/05/199906/09/2012

Recent filings (103 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-31
termination-director-company-with-name-termination-date
officers · TM01
2023-03-29
appoint-person-secretary-company-with-name-date
officers · AP03
2023-03-29
termination-secretary-company-with-name-termination-date
officers · TM02
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-10-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-17