HALCION LIMITED

🌳Matureactive
SC268896 · ltd · incorporated 2004-06-08
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 17.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other engineering activities
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 79-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 79). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 17.8y

70/100
ready

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

  • · Oldest live charge is 17.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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 (3 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
67 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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees3400

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-06-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2020-06-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-11-08
    ➖
    BARR, William James resigned
    director
  11. 2019-05-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2019-05-14
    🔓
    Charge satisfied #2
  13. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-06-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2018-06-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2017-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-12-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2016-06-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2012-07-07
    🔓
    Charge satisfied #1
  20. 2012-05-04
    🔒
    Charge registered #2
    Lender: David William James Barr
  21. 2008-06-27
    🔒
    Charge registered #1
    Lender: William James Barr
  22. 2004-11-15
    ➖
    BARR, William James resigned
    secretary
  23. 2004-08-05
    ➕
    BARR, David William James appointed
    secretary
  24. 2004-08-05
    ➕
    BARR, Marlean appointed
    director
  25. 2004-06-25
    ➕
    BARR, David William James appointed
    director
  26. 2004-06-25
    ➕
    BARR, William James appointed
    secretary
  27. 2004-06-25
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  28. 2004-06-25
    ➕
    BARR, William James appointed
    director
  29. 2004-06-25
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  30. 2004-06-08
    🏢
    Company incorporated
    As HALCION LIMITED
  31. 2004-06-08
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  32. 2004-06-08
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 79 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 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr David William James Barr
Individual · British · DOB 06/1977 · age 49
50–75%
50–75%board control50-75% shares · 50-75% voting · board control27/01/2018
2 historic (ceased) PSCs
  • Mrs Marlean Barrceased 06/03/2020· 25-50% shares · 25-50% voting · board control
  • Mr William James Barrceased 27/01/2018· 75-100% shares · 75-100% voting · board control

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 →

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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
Incorporated2004-06-08
Jurisdictionscotland
Primary SIC71129 — Other engineering activities

Registered office

Harkieston
Maybole
Ayrshire
KA19 7LP

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-18
Last: 2025-06-04

Officers (3 active · 4 resigned)

BARR, David William James→
secretary · appointed 2004-08-05
View their other companies + combined net worth →
Active
BARR, David William James→
director · ~49y · appointed 2004-06-25
View their other companies + combined net worth →
Active
BARR, Marlean→
director · ~79y · appointed 2004-08-05
View their other companies + combined net worth →
Active
BARR, William James→
secretary · appointed 2004-06-25 · resigned 2004-11-15
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-06-08 · resigned 2004-06-25
Resigned
BARR, William James→
director · ~87y · appointed 2004-06-25 · resigned 2019-11-08
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2004-06-08 · resigned 2004-06-25
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
David William James Barr
Standard security1 property04/05/201214/05/2019
satisfied
William James Barr
Standard security1 property27/06/200807/07/2012

Recent filings (67 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-06-08
termination-director-company-with-name-termination-date
officers · TM01
2020-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-19