PR2 ENGINEERING LIMITED

🌳Matureactive
SC278634 · ltd · incorporated 2005-01-19
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 21.2y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (56/100)

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
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 4 with DOB)
77
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
112 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

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 (40 events)Click to expand
  1. 2025-11-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-01-04
    📄
    capital-cancellation-shares
    capital · SH06
  5. 2023-01-04
    📄
    capital-return-purchase-own-shares
    capital · SH03
  6. 2022-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-11-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2022-11-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2022-11-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2022-11-09
    ➖
    LONGFIELD, Catherine Gibson resigned
    secretary
  11. 2022-11-09
    ➖
    LONGFIELD, Roger resigned
    director
  12. 2021-09-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-11-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-12-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-11-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2018-10-24
    🔒
    Charge registered #3
    Lender: Close Invoice Finance Limited, 10 Crown Place, London, EC2A 4FT
  18. 2018-10-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2018-10-06
    🔓
    Charge satisfied #2
  20. 2018-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2017-10-20
    ➖
    HALLIWELL, Paul resigned
    director
  22. 2015-10-30
    ➖
    HALLIWELL, Margaret Rose resigned
    secretary
  23. 2013-09-17
    ➖
    WELLMAN, Stacey Charmaine resigned
    secretary
  24. 2013-01-21
    ➕
    WELLMAN, Stacey Charmaine appointed
    secretary
  25. 2011-08-12
    ➕
    MANUEL, Audrey Anne appointed
    secretary
  26. 2011-08-12
    ➕
    HALLIWELL, Margaret Rose appointed
    secretary
  27. 2011-08-12
    ➖
    HALLIWELL, Paul resigned
    secretary
  28. 2011-08-12
    ➕
    LONGFIELD, Catherine Gibson appointed
    secretary
  29. 2006-06-19
    ➕
    HALLIWELL, Paul appointed
    secretary
  30. 2006-06-19
    ➖
    CCW SECRETARIES LIMITED resigned
    corporate-secretary
  31. 2005-06-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  32. 2005-05-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland Commercial Services Limited
  33. 2005-01-19
    🏢
    Company incorporated
    As PR2 ENGINEERING LIMITED
  34. 2005-01-19
    ➕
    MANUEL, Mathew Philip appointed
    director
  35. 2005-01-19
    ➕
    SMITH, Ryan Malcolm appointed
    director
  36. 2005-01-19
    ➕
    CCW SECRETARIES LIMITED appointed
    corporate-secretary
  37. 2005-01-19
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  38. 2005-01-19
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  39. 2005-01-19
    ➕
    HALLIWELL, Paul appointed
    director
  40. 2005-01-19
    ➕
    LONGFIELD, Roger appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material 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.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Mathew Philip Manuel
Individual · British · DOB 06/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting05/05/2017
Mr Ryan Malcolm Smith
Individual · British · DOB 08/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting05/05/2017
1 historic (ceased) PSC
  • Mr Roger Longfieldceased 09/11/2022· 25-50% shares · 25-50% voting

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

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
Incorporated2005-01-19
Jurisdictionscotland
Primary SIC25620 — Machining

Registered office

3 St Davids Business Park
Dalgety Bay
Dunfermline
Fife
KY11 9PF

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-02-02
Last: 2026-01-19

Officers (3 active · 8 resigned)

MANUEL, Audrey Anne→
secretary · appointed 2011-08-12
View their other companies + combined net worth →
Active
MANUEL, Mathew Philip→
director · ~60y · appointed 2005-01-19
View their other companies + combined net worth →
Active
SMITH, Ryan Malcolm→
director · ~57y · appointed 2005-01-19
View their other companies + combined net worth →
Active
HALLIWELL, Margaret Rose→
secretary · appointed 2011-08-12 · resigned 2015-10-30
Resigned
HALLIWELL, Paul→
secretary · appointed 2006-06-19 · resigned 2011-08-12
Resigned
LONGFIELD, Catherine Gibson→
secretary · appointed 2011-08-12 · resigned 2022-11-09
Resigned
WELLMAN, Stacey Charmaine→
secretary · appointed 2013-01-21 · resigned 2013-09-17
Resigned
CCW SECRETARIES LIMITED→
corporate-secretary · appointed 2005-01-19 · resigned 2006-06-19
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2005-01-19 · resigned 2005-01-19
Resigned
HALLIWELL, Paul→
director · ~66y · appointed 2005-01-19 · resigned 2017-10-20
Resigned
LONGFIELD, Roger→
director · ~69y · appointed 2005-01-19 · resigned 2022-11-09
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Close Invoice Finance , 10 Crown Place, London, EC2A 4FT
Close Invoice Finance Limited, 10 Crown Place, London, EC2A 4FT
A registered charge—24/10/2018—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/06/200506/10/2018
outstanding
Lloyds Banking Group
The Royal Bank of Scotland Commercial Services Limited
Floating charge1 property26/05/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (112 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-24
capital-cancellation-shares
capital · SH06
2023-01-04
capital-return-purchase-own-shares
capital · SH03
2023-01-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-11-22
termination-director-company-with-name-termination-date
officers · TM01
2022-11-22
termination-secretary-company-with-name-termination-date
officers · TM02
2022-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-17