PHILIP ENGINEERING (ELGIN) LTD.

🌳Matureactive
SC238115 · ltd · incorporated 2002-10-14
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 23.4y

85/100
ready

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

  • · Oldest live charge is 23.4 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
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
66 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
Average employees10001000

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2024-08-01
    ➕
    DAWSON, Laura Anne appointed
    director
  5. 2024-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-04-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-02-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-09-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2019-09-27
    🔓
    Charge satisfied #1
  12. 2019-03-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-10-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2017-10-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2017-04-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-04-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2002-11-18
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  19. 2002-10-14
    🏢
    Company incorporated
    As PHILIP ENGINEERING (ELGIN) LTD.
  20. 2002-10-14
    ➕
    PHILIP, Linda appointed
    secretary
  21. 2002-10-14
    ➕
    PHILIP, Alan appointed
    director
  22. 2002-10-14
    ➕
    PHILIP, Linda appointed
    director
  23. 2002-10-14
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  24. 2002-10-14
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  25. 2002-10-14
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  26. 2002-10-14
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

98/100
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 "PHILIP" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • 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 Alan Philip
Individual · British · DOB 11/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Linda Philip
Individual · British · DOB 06/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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
Incorporated2002-10-14
Jurisdictionscotland
Primary SIC25990 — SIC 25990

Registered office

20 Perimeter Road
Pinefield Industrial Estate
Elgin
Moray
IV30 6AF

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-10-28
Last: 2025-10-14

Officers (4 active · 2 resigned)

PHILIP, Linda→
secretary · appointed 2002-10-14
View their other companies + combined net worth →
Active
DAWSON, Laura Anne→
director · ~41y · appointed 2024-08-01
View their other companies + combined net worth →
Active
PHILIP, Alan→
director · ~69y · appointed 2002-10-14
View their other companies + combined net worth →
Active
PHILIP, Linda→
director · ~67y · appointed 2002-10-14
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2002-10-14 · resigned 2002-10-14
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2002-10-14 · resigned 2002-10-14
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 property18/11/200227/09/2019

Recent filings (66 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-18
appoint-person-director-company-with-name-date
officers · AP01
2024-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-28