HGA (UK) LIMITED
🌳Matureactive
SC240282 · ltd · incorporated 2002-11-28
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£968.7k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Other engineering activities
Sector: Professional, scientific & technical
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 80/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -94% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 23.3y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
83 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
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 · FRS 102Positive net assets
Net assets £968,670
Cash draining
Cash down 94% YoY
Cash YoY
-94%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£7k
↓ 94% YoY
Net Worth
£969k
↑ 20% YoY
Current Assets
£1.2m
↑ 17% YoY
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 |
|---|---|---|
| Total assets | £972.7k | £813.9k |
| Current assets | £1.20M | £1.03M |
| Cash | £7.4k | £118.6k |
| Debtors | £1.19M | £908.0k |
| Net assets | £968.7k | £809.5k |
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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2025-06-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-07-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-06-17📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2023-12-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-19📄memorandum-articlesincorporation · MA
- 2023-12-19📄resolutionresolution · RESOLUTIONS
- 2023-12-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-15➖GRANT, John Mackay resigneddirector
- 2023-08-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-07-21➕BURDEN, Jamie appointeddirector
- 2023-07-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-05📄capital-alter-shares-subdivisioncapital · SH02
- 2023-04-19📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2022-08-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-08-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-08-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-07-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-06-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-06-26🔓Charge satisfied #1
- 2018-05-14🔒Charge registered #2Lender: Svenska Handelsbanken Ab (Publ)
- 2017-11-24➕WILL, Ian Andrew appointeddirector
- 2016-03-11➖HUGGETT, Christopher Gordon resignedsecretary
- 2016-03-11➖HUGGETT, Christopher Gordon resigneddirector
- 2002-12-24🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2002-12-11➕HUGGETT, Christopher Gordon appointedsecretary
- 2002-12-11➖PF & S (SECRETARIES) LIMITED resignedcorporate-secretary
- 2002-12-11➕GRANT, John Mackay appointeddirector
- 2002-12-11➕HUGGETT, Christopher Gordon appointeddirector
- 2002-12-11➖PF & S (DIRECTORS) LIMITED resignedcorporate-director
- 2002-11-28🏢Company incorporatedAs HGA (UK) LIMITED
- 2002-11-28➕PF & S (SECRETARIES) LIMITED appointedcorporate-secretary
- 2002-11-28➕PF & S (DIRECTORS) LIMITED appointedcorporate-director
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Hga (Scotland) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Hga (Scotland) Ltd
Corporate parent · holds 75-100% shares · board control
⬇
HGA (UK) LIMITED
This company · SC240282
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Hga (Scotland) Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 15/12/2023 |
2 historic (ceased) PSCs
- Mr John Mackay Grantceased 15/12/2023· 25-50% shares
- Mrs Karen Theresa Grantceased 15/12/2023· 25-50% shares
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 · Professional services · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ENSOCENE LIMITED→ SC555265 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| EPC GRAMPIAN LTD.→ SC345145 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| FINDHORN INNOVATION RESEARCH & EDUCATION, CIC→ SC607337 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| FINSBAY HOLDINGS LIMITED→ SC803805 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| GASK CONTRACTORS LTD→ SC792922 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| GLOBAL HIGHLAND LIMITED→ SC497149 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| GMAC FINANCIAL PLANNING LTD→ SC595888 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| HARRIS HYDROGELS LIMITED→ SC643660 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| HIGHLAND AQUA TEAM LTD→ SC390606 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| HIGHLAND ARCHAEOLOGY SERVICES LTD.→ SC262144 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| HIGHLAND BIOSCIENCES LTD→ SC296459 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| HIGHLAND BUSINESS COACHING LTD→ SC460344 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2002-11-28
Jurisdictionscotland
Primary SIC71129 — Other engineering activities
Registered office
Darach House
Stoneyfield Business Park
Inverness
Inverness Shire
IV2 7PA
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-12
Last: 2025-11-28
Officers (2 active · 5 resigned)
BURDEN, Jamie→
Activedirector · ~43y · appointed 2023-07-21
View their other companies + combined net worth →
WILL, Ian Andrew→
Activedirector · ~59y · appointed 2017-11-24
View their other companies + combined net worth →
HUGGETT, Christopher Gordon→
Resignedsecretary · appointed 2002-12-11 · resigned 2016-03-11
PF & S (SECRETARIES) LIMITED→
Resignedcorporate-secretary · appointed 2002-11-28 · resigned 2002-12-11
GRANT, John Mackay→
Resigneddirector · ~66y · appointed 2002-12-11 · resigned 2023-12-15
HUGGETT, Christopher Gordon→
Resigneddirector · ~74y · appointed 2002-12-11 · resigned 2016-03-11
PF & S (DIRECTORS) LIMITED→
Resignedcorporate-director · appointed 2002-11-28 · resigned 2002-12-11
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 14/05/2018 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 24/12/2002 | 26/06/2019 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (83 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-25
change-account-reference-date-company-previous-extended
accounts · AA01
2024-06-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-12-19
memorandum-articles
incorporation · MA
2023-12-19
resolution
resolution · RESOLUTIONS
2023-12-19
termination-director-company-with-name-termination-date
officers · TM01
2023-12-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-29
appoint-person-director-company-with-name-date
officers · AP01
2023-07-21
capital-alter-shares-subdivision
capital · SH02
2023-07-05