JOHN MACKAY LTD
💤Zombieactive
SC262414 · ltd · incorporated 2004-01-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£3.77M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
PursueActive trading company with a 65-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 22.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
3 officers (1 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
50 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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £3,772,163
Cash YoY
-3%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1.7m
↓ 3.4% YoY
Net Worth
£3.8m
↑ 11% YoY
Current Assets
£2.3m
↑ 2.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £4.30M | £3.88M |
| Current assets | £2.31M | £2.26M |
| Cash | £1.70M | £1.76M |
| Debtors | £578.9k | £325.9k |
| Net assets | £3.77M | £3.41M |
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 (22 events)Click to expand
- 2025-10-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-11-13📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-02-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-12-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-02-10📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-03-23➖MACKAY, Carmel Therese resignedsecretary
- 2004-04-17🔒Charge registered #1Lender: Lloyds Tsb Scotland PLC
- 2004-01-23🏢Company incorporatedAs JOHN MACKAY LTD
- 2004-01-23➕MACKAY, John George appointeddirector
- 2004-01-23➕MACKAY, Carmel Therese appointedsecretary
- 2004-01-23➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2004-01-23➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "MACKAY" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John George Mackay Individual · British · DOB 09/1961 · age 65 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · KW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| JOHN GUNN & SONS LIMITED→ SC029399 · est 1953 | £19.24M £13.75M–£24.74M | — | — | 4400 | 73y | 82 | 56y |
| A&W SINCLAIR LTD→ SC277910 · est 2005 | — | — | £4.40M | — | 21y | 82 | 70y |
| ALFRED FLETT LIMITED→ SC184541 · est 1998 | — | — | — | 4600 | 28y | 82 | 65y |
| BRIAN BRASS LIMITED→ SC332317 · est 2007 | — | — | £144.4k | — | 18y | 82 | 70y |
| CAITHNESS SCAFFOLDING CONTRACTORS LIMITED→ SC177351 · est 1997 | — | — | £1.05M | — | 28y | 82 | 72y |
| DUNMORE PROPERTY LIMITED→ SC385260 · est 2010 | — | — | £113.2k | — | 15y | 82 | 74y |
| G & R SUTHERLAND LTD.→ SC230181 · est 2002 | — | — | £443.0k | — | 24y | 82 | 61y |
| GROUNDWATER TAIT LIMITED→ SC350683 · est 2008 | — | — | £260.5k | — | 17y | 82 | 74y |
| HEARTLAND HOME SERVICES LIMITED→ SC130330 · est 1991 | — | — | £27.5k | — | 35y | 82 | 75y |
| HUGH SIMPSON (CONTRACTORS) LIMITED→ SC067751 · est 1979 | — | — | £11.00M | — | 47y | 82 | 66y |
| KARL D FLETT LTD→ SC244560 · est 2003 | — | — | £223.8k | — | 23y | 82 | 74y |
| O'BRIEN CONSTRUCTION LIMITED→ SC050820 · est 1972 | — | — | £3.95M | — | 53y | 82 | 87y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2004-01-23
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.
Registered office
Upper Achies
Harpsdale
Halkirk
KW12 6UW
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-25
Last: 2026-01-11
Officers (1 active · 2 resigned)
MACKAY, John George→
Activedirector · ~65y · appointed 2004-01-23
View their other companies + combined net worth →
MACKAY, Carmel Therese→
Resignedsecretary · appointed 2004-01-23 · resigned 2011-03-23
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-01-23 · resigned 2004-01-23
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Tsb Scotland PLC | Bond & floating charge | 1 property | 17/04/2004 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (50 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-01-11