PITCAIRN ENGINEERING LTD.
🌳Matureactive
SC256699 · ltd · incorporated 2003-09-27
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2024
Net worth
£214.9k
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: SIC 33170
Sector: Manufacturing
Investor take
Special-situation opportunityAsset-holding vehicle. Family succession underway — not a classic acquisition target.
Opportunity 70/100 (strong), bankability 55/100. Same-surname younger director in place — likely family handover, not open to sale. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).
Data confidence
Overall: medium (78/100)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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £214,907
Cash YoY
-9%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£233k
↓ 9.1% YoY
Net Worth
£215k
↑ 3.6% YoY
Current Assets
£435k
↓ 2.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-06-30 | 2023-06-30 |
|---|---|---|
| Total assets | £259.5k | £231.0k |
| Current assets | £434.9k | £444.6k |
| Cash | £233.3k | £256.6k |
| Debtors | £151.6k | £138.1k |
| Net assets | £214.9k | £207.4k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2025-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-30➕PITCAIRN, Cameron Alexander appointeddirector
- 2024-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-22📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-22📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-04-01📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2022-03-01📄gazette-notice-compulsorygazette · GAZ1
- 2021-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-04-29📄gazette-filings-brought-up-to-dategazette · DISS40
- 2020-03-14📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2020-02-25📄gazette-notice-compulsorygazette · GAZ1
- 2018-12-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-10-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-08-02➖PITCAIRN, Margaret Josephine resignedsecretary
- 2016-12-31➖PITCAIRN, Margaret Josephine resigneddirector
- 2003-09-27🏢Company incorporatedAs PITCAIRN ENGINEERING LTD.
- 2003-09-27➕PITCAIRN, Gordon Rosewell appointeddirector
- 2003-09-27➕PITCAIRN, Margaret Josephine appointedsecretary
- 2003-09-27➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-secretary
- 2003-09-27➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-secretary
- 2003-09-27➕PITCAIRN, Margaret Josephine appointeddirector
- 2003-09-27➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-director
- 2003-09-27➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-director
- 2003-09-27➕PETER TRAINER CORPORATE SERVICES LTD. appointedcorporate-nominee-director
- 2003-09-27➖PETER TRAINER CORPORATE SERVICES LTD. resignedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe 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.
- +Founder name in company name: Company name contains director surname "PITCAIRN" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
41/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFamily succession underway: Not a takeover target — PITCAIRN, Cameron Alexander (same surname) appointed 2024-04-30. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- 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.
Red flags
1 high ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-03-31
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gordon Rosewell Pitcairn Individual · British · DOB 02/1951 · age 75 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Margaret Josephine Pitcairnceased 02/08/2018· 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
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|---|---|---|---|---|---|---|---|
| N47 GARAGE LIMITED→ SC836683 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| OCEAN OUTFIT LTD→ SC747990 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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| SMITH PACKAGING PRODUCTS LIMITED→ SC280922 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
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| STR PERFORMANCE LTD→ SC799599 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| THE AIRBAG COMPANY LTD→ SC599636 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| THE HUT SPOT LTD→ SC829918 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| THE KILTED CANDLE LTD→ SC609022 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| TIMBER COMPONENTS (UK) LTD.→ SC060901 · est 1976 · no financials extracted | — | — | — | — | 49y | — | — |
| TOTAL REFRESHMENT SOLUTIONS LIMITED→ SC179175 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2003-09-27
Jurisdictionscotland
Primary SIC33170 — SIC 33170
Registered office
Orchard Farm
Banknock
Bonnybridge
FK4 1UA
Filing status
Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-04-29
Last: 2025-04-15
Officers (2 active · 5 resigned)
PITCAIRN, Cameron Alexander→
Activedirector · ~47y · appointed 2024-04-30
View their other companies + combined net worth →
PITCAIRN, Gordon Rosewell→
Activedirector · ~75y · appointed 2003-09-27
View their other companies + combined net worth →
PITCAIRN, Margaret Josephine→
Resignedsecretary · appointed 2003-09-27 · resigned 2018-08-02
PETER TRAINER COMPANY SECRETARIES LTD.→
Resignedcorporate-nominee-secretary · appointed 2003-09-27 · resigned 2003-09-27
PITCAIRN, Margaret Josephine→
Resigneddirector · ~69y · appointed 2003-09-27 · resigned 2016-12-31
PETER TRAINER COMPANY SECRETARIES LTD.→
Resignedcorporate-nominee-director · appointed 2003-09-27 · resigned 2003-09-27
PETER TRAINER CORPORATE SERVICES LTD.→
Resignedcorporate-nominee-director · appointed 2003-09-27 · resigned 2003-09-27
Click a director name to see their full track record across all companies.
Recent filings (64 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
appoint-person-director-company-with-name-date
officers · AP01
2024-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-27
change-account-reference-date-company-previous-extended
accounts · AA01
2022-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-19
gazette-filings-brought-up-to-date
gazette · DISS40
2022-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-21
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-04-01
gazette-notice-compulsory
gazette · GAZ1
2022-03-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-20