T.P.S. ENGINEERING LIMITED

🌳Matureactive
SC214219 · ltd · incorporated 2000-12-28
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 24.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£73.2k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 28220
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 88-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 88). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 24.9y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 24.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 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 £73,163

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£73k
↑ 38% YoY
Current Assets
£252k
↓ 3.0% YoY
Current Liabilities
—
£0£52k£104k£156k£208k£260kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£98.4k£84.1k
Current assets£252.3k£260.1k
Cash—£113
Debtors£29.2k£85.6k
Net assets£73.2k£52.9k

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-05-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-08-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-06-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-02-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2018-02-01
    🔓
    Charge satisfied #1
  13. 2017-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-11-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-11-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2001-10-01
    ➖
    MANUEL, Gillian Maybeth resigned
    director
  18. 2001-06-04
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  19. 2001-06-02
    ➕
    MANUEL, Allan Gilmour appointed
    director
  20. 2000-12-28
    🏢
    Company incorporated
    As T.P.S. ENGINEERING LIMITED
  21. 2000-12-28
    ➕
    MANUEL, John Gilmour appointed
    secretary
  22. 2000-12-28
    ➕
    MANUEL, John Gilmour appointed
    director
  23. 2000-12-28
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  24. 2000-12-28
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  25. 2000-12-28
    ➕
    MANUEL, Gillian Maybeth appointed
    director

Owner dependency

91/100
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.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 88 — 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 88 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 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Allan Gilmour Manuel
Individual · United Kingdom · DOB 02/1968 · age 58
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr John Gilmour Manuel
Individual · British · DOB 03/1938 · age 88
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2000-12-28
Jurisdictionscotland
Primary SIC28220 — SIC 28220

Registered office

84 Dykehead Street
Queenslie Industrial Estate
Glasgow
G33 4AQ

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-01-11
Last: 2025-12-28

Officers (3 active · 2 resigned)

MANUEL, John Gilmour→
secretary · appointed 2000-12-28
View their other companies + combined net worth →
Active
MANUEL, Allan Gilmour→
director · ~58y · appointed 2001-06-02
View their other companies + combined net worth →
Active
MANUEL, John Gilmour→
director · ~88y · appointed 2000-12-28
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2000-12-28 · resigned 2000-12-28
Resigned
MANUEL, Gillian Maybeth→
director · ~87y · appointed 2000-12-28 · resigned 2001-10-01
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property04/06/200101/02/2018

Recent filings (64 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-03