SMILLIE & CUTHBERTSON (HOLDINGS) LIMITED

🌳Matureactive
SC299020 · ltd · incorporated 2006-03-16
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 19.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
80/100
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 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (65/100, 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 (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 19.7y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 19.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
81 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.

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 employees2200

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-04-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2024-12-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-12-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2024-12-20
    ➕
    MCCULLOCH, Anne Agnes appointed
    director
  6. 2024-12-20
    ➖
    MCCULLOCH, William Francis resigned
    director
  7. 2024-12-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2024-10-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2024-10-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-10-23
    🔓
    Charge satisfied #2
  11. 2024-10-23
    🔓
    Charge satisfied #1
  12. 2023-12-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2023-03-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2022-03-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2021-07-20
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  16. 2020-12-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2020-12-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  18. 2020-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2020-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2020-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2020-12-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2020-12-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  23. 2020-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2020-12-16
    🔒
    Charge registered #2
    Lender: Heather Mackenzie
  25. 2020-12-15
    ➕
    MCCULLOCH, Daniel Muir appointed
    director
  26. 2020-12-15
    ➖
    MACKENZIE, Heather resigned
    secretary
  27. 2020-12-15
    ➖
    MACKENZIE, Alasdair Ian resigned
    director
  28. 2020-12-15
    ➖
    MACKENZIE, Heather resigned
    director
  29. 2020-12-15
    ➕
    MCCULLOCH, William Francis appointed
    director
  30. 2006-08-30
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  31. 2006-03-16
    🏢
    Company incorporated
    As SMILLIE & CUTHBERTSON (HOLDINGS) LIMITED
  32. 2006-03-16
    ➕
    MACKENZIE, Heather appointed
    secretary
  33. 2006-03-16
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  34. 2006-03-16
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  35. 2006-03-16
    ➕
    MACKENZIE, Alasdair Ian appointed
    director
  36. 2006-03-16
    ➕
    MACKENZIE, Heather appointed
    director
  37. 2006-03-16
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  38. 2006-03-16
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

74/100
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.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

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.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

W & D Mcculloch (Holdings) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
W & D Mcculloch (Holdings) Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SMILLIE & CUTHBERTSON (HOLDINGS) LIMITED
This company · SC299020

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%
NameSharesVoting rightsNature of controlNotified
W & D Mcculloch (Holdings) Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control15/12/2020
2 historic (ceased) PSCs
  • Mr Alasdair Ian Mackenzieceased 15/12/2020· 25-50% shares · 25-50% voting
  • Mrs Heather Mackenzieceased 15/12/2020· 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
Incorporated2006-03-16
Jurisdictionscotland
Primary SIC25620 — Machining

Registered office

Craigiemains Main Street
Ballantrae
Girvan
KA26 0NB
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-30
Last: 2025-12-16

Officers (2 active · 6 resigned)

MCCULLOCH, Anne Agnes→
director · ~57y · appointed 2024-12-20
View their other companies + combined net worth →
Active
MCCULLOCH, Daniel Muir→
director · ~60y · appointed 2020-12-15
View their other companies + combined net worth →
Active
MACKENZIE, Heather→
secretary · appointed 2006-03-16 · resigned 2020-12-15
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2006-03-16 · resigned 2006-03-16
Resigned
MACKENZIE, Alasdair Ian→
director · ~58y · appointed 2006-03-16 · resigned 2020-12-15
Resigned
MACKENZIE, Heather→
director · ~57y · appointed 2006-03-16 · resigned 2020-12-15
Resigned
MCCULLOCH, William Francis→
director · ~60y · appointed 2020-12-15 · resigned 2024-12-20
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2006-03-16 · resigned 2006-03-16
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
Heather Mackenzie / Alasdair Ian Mackenzie
A registered charge1 property16/12/202023/10/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property30/08/200623/10/2024

Recent filings (81 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-23
accounts-with-accounts-type-small
accounts · AA
2025-12-22
accounts-with-accounts-type-small
accounts · AA
2025-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-07
termination-director-company-with-name-termination-date
officers · TM01
2024-12-30
appoint-person-director-company-with-name-date
officers · AP01
2024-12-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-12-16
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-small
accounts · AA
2023-12-19
accounts-with-accounts-type-small
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-07
accounts-with-accounts-type-small
accounts · AA
2022-03-01