DALES 2002 LIMITED

🌳Matureactive

SC234880 · ltd · incorporated 2002-08-01

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 23.8y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Manufacture of metal structures and parts of structures

Sector: Manufacturing

ALSO REGISTERED FOR

25620Machining
25990SIC 25990

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 70). 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 23.8y

50/100

clean up first

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

· Oldest live charge is 23.8 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: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

6 officers (5 active, 6 linked, 5 with DOB)

Ownership & PSC

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

Director network

4 connected companies via shared directors

Filing history

68 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	0	200

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

🔒Filing-note intelligence

4 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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2025-09-29
📄
accounts-with-accounts-type-group
accounts · AA
2024-09-25
📄
accounts-with-accounts-type-group
accounts · AA
2023-10-04
📄
accounts-with-accounts-type-group
accounts · AA
2022-09-29
📄
accounts-with-accounts-type-group
accounts · AA
2021-09-24
📄
accounts-with-accounts-type-group
accounts · AA
2020-12-22
📄
accounts-with-accounts-type-group
accounts · AA
2019-09-06
📄
accounts-with-accounts-type-group
accounts · AA
2018-09-25
📄
accounts-with-accounts-type-group
accounts · AA
2017-08-22
📄
accounts-with-accounts-type-group
accounts · AA
2016-11-18
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2016-09-07
📄
accounts-with-accounts-type-group
accounts · AA
2015-08-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-29
📄
accounts-with-accounts-type-group
accounts · AA
2014-08-11
📄
accounts-with-accounts-type-group
accounts · AA
2014-08-01
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-06-06
➕
DUNCAN, Jacqueline Bell appointed
director
2013-06-06
➕
MACKIE, Nina appointed
director
2007-11-03
🔓
Charge satisfied #1
2002-08-23
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
2002-08-14
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
2002-08-14
🔒
Charge registered #1
Lender: Dales Engineering Limited
2002-08-13
➖
MILTON, Bruce resigned
nominee-director
2002-08-06
➕
DUNCAN, William George appointed
director
2002-08-06
➕
MACKIE, Graham Alexander appointed
director
2002-08-01
🏢
Company incorporated
As DALES 2002 LIMITED
2002-08-01
➕
MASSON GLENNIE LLP appointed
corporate-secretary
2002-08-01
➕
MILTON, Bruce appointed
nominee-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 70 years old. Natural succession window is now.
primary20+ year tenure: Director in role 24 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

Name	Shares	Voting rights	Nature of control	Notified
Mr William George Duncan Individual · British · DOB 06/1957 · age 69	25–50%	—	25-50% shares	06/04/2016
Mr Graham Alexander Mackie Individual · British · DOB 01/1956 · age 70	25–50%	—	25-50% shares	06/04/2016

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 · Manufacturing · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GRAY & ADAMS LIMITED→ SC047482 · est 1970	£75.13M £58.44M–£91.83M	—	—	502	56y	87	71y
GRAY & ADAMS GROUP LIMITED→ SC230241 · est 2002	£53.82M £41.86M–£65.78M	—	—	0	24y	85	71y
GRAY & ADAMS (DUNFERMLINE) LIMITED→ SC082971 · est 1983	£17.07M £13.28M–£20.87M	—	—	106	43y	85	71y
GRAY & ADAMS (DONCASTER) LIMITED→ SC128013 · est 1990	£16.62M £12.93M–£20.32M	—	—	101	35y	87	71y
INTERWELL LIMITED→ SC391140 · est 2011	£10.98M £8.54M–£13.42M	£33.44M	—	7800	15y	91	60y
EBLAST LIMITED→ SC202165 · est 1999	£8.03M £6.24M–£9.81M	£11.11M	—	7400	26y	88	57y
ROTECH SUBSEA LIMITED→ SC451221 · est 2013	£6.41M £4.99M–£7.83M	£17.20M	—	4800	13y	84	58y
DALES ENGINEERING SERVICES LIMITED→ SC107948 · est 1987	£6.22M £4.84M–£7.60M	£21.87M	—	11000	38y	93	70y
SUPERIOR ENERGY SERVICES LIMITED→ SC259694 · est 2003	£6.15M £4.78M–£7.51M	£1.45M	—	1500	22y	94	60y
IMENCO UK LIMITED→ SC372021 · est 2010	£5.97M £4.64M–£7.29M	£17.33M	—	11500	16y	95	71y
TGT OILFIELD SERVICES UK LIMITED→ SC427554 · est 2012	£2.26M £1.76M–£2.76M	£9.93M	—	3000	13y	84	61y
VECTOR SUPPLIES LIMITED→ SC103810 · est 1987	£1.63M £1.27M–£1.99M	—	—	16	39y	85	71y

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

Incorporated2002-08-01

Jurisdictionscotland

Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Broad House

Broad Street

Peterhead

Aberdeenshire

AB42 1HY

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-08-15

Last: 2025-08-01

Officers (5 active · 1 resigned)

MASSON GLENNIE LLP→

corporate-secretary · appointed 2002-08-01

View their other companies + combined net worth →

Active

DUNCAN, Jacqueline Bell→

director · ~68y · appointed 2013-06-06

View their other companies + combined net worth →

Active

DUNCAN, William George→

director · ~69y · appointed 2002-08-06

View their other companies + combined net worth →

Active

MACKIE, Graham Alexander→

director · ~70y · appointed 2002-08-06

View their other companies + combined net worth →

Active

MACKIE, Nina→

director · ~65y · appointed 2013-06-06

View their other companies + combined net worth →

Active

MILTON, Bruce→

nominee-director · ~69y · appointed 2002-08-01 · resigned 2002-08-13

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	23/08/2002	—
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Floating charge	1 property	14/08/2002	—
satisfied	Dales Engineering Dales Engineering Limited	Bond & floating charge	1 property	14/08/2002	03/11/2007

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