SHANNAS ENGINEERING LTD.

🌳Matureactive

SC222339 · ltd · incorporated 2001-08-17

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 22.7y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2024

Net worth

£70.7k

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Manufacture of metal structures and parts of structures

Sector: Manufacturing

ALSO REGISTERED FOR

33120Repair of machinery
41201Construction of commercial buildings
81300Landscape service activities

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. 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. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 22.7y

65/100

clean up first

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

· Oldest live charge is 22.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

6 officers (3 active, 6 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

63 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

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 · accounting standard not declared

Positive net assets

Net assets £70,696

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£71k

↑ 45% YoY

Current Assets

£81k

↓ 25% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-08-31	2023-08-31
Total assets	£125.8k	£93.0k
Current assets	£81.3k	£108.3k
Debtors	£17.2k	£47.1k
Net assets	£70.7k	£48.8k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2025-05-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-08-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2017-05-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-08-17
📄
change-person-director-company-with-change-date
officers · CH01
2016-06-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-05-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-06
➕
PENNY, Dawn Fortune Alex appointed
director
2015-08-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2006-08-01
➖
PENNY, Emma resigned
secretary
2005-10-10
➕
PENNY, Margaret Rosalie appointed
secretary
2003-09-04
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2001-08-17
🏢
Company incorporated
As SHANNAS ENGINEERING LTD.
2001-08-17
➕
PENNY, John Wilson appointed
director
2001-08-17
➕
PENNY, Emma appointed
secretary
2001-08-17
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2001-08-17
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2001-08-17
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2001-08-17
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

76/100

High — earn-out structure required

Material 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.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100

Strong succession signal

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

SIGNALS

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

Name	Shares	Voting rights	Nature of control	Notified
Mr John Wilson Penny Individual · British · DOB 12/1973 · age 53	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mrs Dawn Fortune Alex Penny Individual · British · DOB 07/1976 · age 50	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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

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TRITON MARINE SERVICES LIMITED→ SC608268 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
TT INSPECTION LTD→ SC824382 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

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

Incorporated2001-08-17

Jurisdictionscotland

Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

North Howe

Skelmuir, Stuartfield

Peterhead

Aberdeenshire

AB42 5AH

Filing status

Accounts

Next due: 2026-05-31

Last made up to: 2024-08-31

Confirmation statement

Next due: 2026-08-31

Last: 2025-08-17

Officers (3 active · 3 resigned)

PENNY, Margaret Rosalie→

secretary · appointed 2005-10-10

View their other companies + combined net worth →

Active

PENNY, Dawn Fortune Alex→

director · ~50y · appointed 2016-04-06

View their other companies + combined net worth →

Active

PENNY, John Wilson→

director · ~53y · appointed 2001-08-17

View their other companies + combined net worth →

Active

PENNY, Emma→

secretary · appointed 2001-08-17 · resigned 2006-08-01

Resigned

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2001-08-17 · resigned 2001-08-17

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2001-08-17 · resigned 2001-08-17

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	04/09/2003	—

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