STEELWORK & CLADDING LIMITED

🌳Matureactive
SC226331 · ltd · incorporated 2001-12-17
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 20.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
£2.41M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 20.8y

85/100
ready

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

  • · Oldest live charge is 20.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
81 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
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 £2,406,790

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.5m
Net Worth
£2.4m
↑ 1504% YoY
Current Assets
£1.6m
Current Liabilities
—
£0£481k£963k£1.4m£1.9m£2.4mJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£2.41M£150.0k
Current assets£1.55M—
Cash£1.54M—
Debtors£8.2k£3
Net assets£2.41M£150.0k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
3
filings
  • • 1 accounts
  • • 1 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-01-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-01-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-01-03
    🔓
    Charge satisfied #1
  6. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-04-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2020-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-04-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-04-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-04-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2017-04-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-04-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-12-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-04-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2013-01-30
    ➖
    MACKAY, William Graham resigned
    director
  18. 2005-07-29
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  19. 2002-12-12
    ➕
    MACKAY, Neil appointed
    secretary
  20. 2002-12-12
    ➕
    MACKAY, Neil Hugh appointed
    director
  21. 2002-12-12
    ➕
    MACKAY, Steven Findlay appointed
    director
  22. 2002-12-12
    ➕
    MACKAY, William Graham appointed
    director
  23. 2001-12-20
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  24. 2001-12-20
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director
  25. 2001-12-17
    🏢
    Company incorporated
    As STEELWORK & CLADDING LIMITED
  26. 2001-12-17
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  27. 2001-12-17
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director

Owner dependency

84/100
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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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 Neil Hugh Mackay
Individual · British · DOB 08/1971 · age 55
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr Steven Findlay Mackay
Individual · British · DOB 09/1968 · age 58
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.

🔒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 · Holding company · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
RUSSELL HOLDINGS LIMITED→
SC179461 · est 1997
£1.75M
£1.49M–£2.02M
—£1.75M—28y8261y
AUCHMORE ENERGY LTD→
SC406865 · est 2011
£300.8k
£255.7k–£346.0k
—£300.8k—14y8061y
CARLTON BINGO LIMITED→
SC267599 · est 2004 · no financials extracted
————21y8373y
CARLTON GAMING LIMITED→
SC223000 · est 2001 · no financials extracted
————24y8373y
BADACHRO INN LIMITED→
SC302605 · est 2006
————19y8272y
GAEL FORCE AQUAHOMES LTD→
SC231902 · est 2002
————23y8262y
DALCROMBIE ESTATE LIMITED→
SC321223 · est 2007
———019y8191y
MIDDLETON, ROSS & ARNOT (TRUSTEES) LIMITED→
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————27y8175y
SEA SKYE LIMITED→
SC300936 · est 2006
————20y8162y
A E S SOLAR LTD.→
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————22y8085y
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———015y8084y
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————7y——
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
Incorporated2001-12-17
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

- Delny Industrial Estate
Invergordon
Ross-Shire
IV18 0QW

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-12-09
Last: 2025-11-25

Officers (3 active · 3 resigned)

MACKAY, Neil→
secretary · appointed 2002-12-12
View their other companies + combined net worth →
Active
MACKAY, Neil Hugh→
director · ~55y · appointed 2002-12-12
View their other companies + combined net worth →
Active
MACKAY, Steven Findlay→
director · ~58y · appointed 2002-12-12
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2001-12-17 · resigned 2001-12-20
Resigned
MACKAY, William Graham→
director · ~86y · appointed 2002-12-12 · resigned 2013-01-30
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2001-12-17 · resigned 2001-12-20
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
Floating charge1 property29/07/200503/01/2025

Recent filings (81 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-27
change-person-director-company-with-change-date
officers · CH01
2026-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-11
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-04-30