MILLAR CALLAGHAN ENGINEERING SERVICES LTD.

🌳Matureactive
SC200725 · ltd · incorporated 1999-10-13
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 23.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£2.04M
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 23.9y

50/100
clean up first

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

  • · Oldest live charge is 23.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
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
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £2,040,959
Cash YoY
+1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£258k
↑ 1.4% YoY
Net Worth
£2.0m
↑ 161% YoY
Current Assets
£3.7m
↑ 110% YoY
Current Liabilities
—
£0£746k£1.5m£2.2m£3.0m£3.7mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-302024-03-30
Total assets£2.32M£1.13M
Current assets£3.73M£1.78M
Cash£258.0k£254.4k
Debtors£3.43M£913.3k
Net assets£2.04M£783.4k

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-10-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-10-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2023-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-05-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2021-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-10-22
    ➕
    ARCHIBALD, Mark appointed
    director
  11. 2021-09-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-09-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2021-09-24
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2021-09-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-04-02
    📄
    legacy
    miscellaneous · RP04CS01
  18. 2019-04-02
    📄
    legacy
    miscellaneous · RP04CS01
  19. 2019-03-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2016-03-10
    🔓
    Charge satisfied #1
  21. 2008-04-30
    🔒
    Charge registered #3
    Lender: Royal Bank of Scotland PLC
  22. 2003-10-03
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Scotland PLC
  23. 2002-06-14
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Scotland PLC
  24. 1999-10-13
    🏢
    Company incorporated
    As MILLAR CALLAGHAN ENGINEERING SERVICES LTD.
  25. 1999-10-13
    ➕
    CALLAGHAN, Robert appointed
    secretary
  26. 1999-10-13
    ➕
    CALLAGHAN, Robert appointed
    director
  27. 1999-10-13
    ➕
    MILLAR, David appointed
    director
  28. 1999-10-13
    ➕
    ASHCROFT CAMERON SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  29. 1999-10-13
    ➖
    ASHCROFT CAMERON SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  30. 1999-10-13
    ➕
    ASHCROFT CAMERON NOMINEES LIMITED appointed
    corporate-nominee-director
  31. 1999-10-13
    ➖
    ASHCROFT CAMERON NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

83/100
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
  • +Founder name in company name: Company name contains director surname "CALLAGHAN" — 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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Mc Holdings (Scotland) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mc Holdings (Scotland) Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
MILLAR CALLAGHAN ENGINEERING SERVICES LTD.
This company · SC200725

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
Mc Holdings (Scotland) Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/10/2017
2 historic (ceased) PSCs
  • Mr Roy Callaghanceased 01/10/2017· significant influence
  • Mr David Millarceased 01/10/2017· significant influence

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 · KA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
VERACITY UK LIMITED→
SC291812 · est 2005
£7.42M
£5.77M–£9.06M
——4620y8570y
CHEMTEC UK LIMITED→
SC276983 · est 2004
£5.02M
£3.90M–£6.13M
——230021y9057y
GMSS HOLDINGS LIMITED→
SC478614 · est 2014
£2.25M
£1.75M–£2.75M
——011y8461y
AEROFORMA TECHNOLOGIES (NORTH) LIMITED→
SC123036 · est 1990
———4736y8375y
ATLAS (SCOTLAND) LIMITED→
SC260329 · est 2003
——£583.3k—22y8366y
AYRSHIRE BLINDS LIMITED→
SC090647 · est 1984
——£199.3k—41y8381y
BOAT ELECTRICS & ELECTRONICS LIMITED→
SC066331 · est 1978
——£396.3k—47y8360y
BRODIE ENGINEERING LIMITED→
SC163999 · est 1996
———960030y8360y
CAPITAL STEEL LIMITED→
SC275258 · est 2004
——£1.45M—21y8370y
GIRARD INDUSTRIES EUROPE LIMITED→
SC101084 · est 1986
——£389.5k—39y8373y
TREE3CRAFTS LTD→
SC778889 · est 2023 · no financials extracted
————2y——
TURNBERRY RESTORATIONS LIMITED→
SC506166 · est 2015 · no financials extracted
————10y——
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
Incorporated1999-10-13
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

10 Arkwright Way
North Newmoor Industrial Estate
Irvine
KA11 4JU
Scotland

Filing status

Accounts
Next due: 2026-12-29
Last made up to: 2025-03-30
Confirmation statement
Next due: 2026-10-22
Last: 2025-10-08

Officers (4 active · 2 resigned)

CALLAGHAN, Robert→
secretary · appointed 1999-10-13
View their other companies + combined net worth →
Active
ARCHIBALD, Mark→
director · ~50y · appointed 2021-10-22
View their other companies + combined net worth →
Active
CALLAGHAN, Robert→
director · ~61y · appointed 1999-10-13
View their other companies + combined net worth →
Active
MILLAR, David→
director · ~60y · appointed 1999-10-13
View their other companies + combined net worth →
Active
ASHCROFT CAMERON SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1999-10-13 · resigned 1999-10-13
Resigned
ASHCROFT CAMERON NOMINEES LIMITED→
corporate-nominee-director · appointed 1999-10-13 · resigned 1999-10-13
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property30/04/2008—
outstanding
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property03/10/2003—
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Bond & floating charge1 property14/06/200210/03/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (85 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-28
appoint-person-director-company-with-name-date
officers · AP01
2022-05-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-08
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-22
change-person-director-company-with-change-date
officers · CH01
2021-09-24