ENGINEERING SUPPLY CO (SCOTLAND) LIMITED
- · Oldest live charge 18.0y old — refinance window within 12 months
Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (65/100).
Refinance opportunity
1 live charge · oldest 18.0y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 18.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover 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 | £1.03M | £1.03M |
| Current assets | £1.30M | £1.43M |
| Cash | £204.0k | £163.7k |
| Debtors | £635.2k | £797.2k |
| Net assets | £984.6k | £972.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (35 events)Click to expand
- 2025-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-07-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-07-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-07-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-06-30➖MCMORRIS, James Eric resignedsecretary
- 2022-06-30➖MCMORRIS, Archibald Gordon resigneddirector
- 2022-06-30➖MCMORRIS, James Eric resigneddirector
- 2021-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-03-31➖HEPBURN, Christopher James resigneddirector
- 2008-05-19🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2008-03-14➕HEPBURN, Christopher James appointeddirector
- 2008-03-10➕CONNIE, Caroline appointeddirector
- 2008-03-10➕LIDDELL, Alexander appointeddirector
- 2008-03-10➕MCMORRIS, Dean Williams appointeddirector
- 2007-11-14🏢Company incorporatedAs ENGINEERING SUPPLY CO (SCOTLAND) LIMITED
- 2007-11-14➕MCMORRIS, James Eric appointedsecretary
- 2007-11-14➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-secretary
- 2007-11-14➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-secretary
- 2007-11-14➕MCMORRIS, Archibald Gordon appointeddirector
- 2007-11-14➕MCMORRIS, James Eric appointeddirector
- 2007-11-14➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-director
- 2007-11-14➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-director
- 2007-11-14➕PETER TRAINER CORPORATE SERVICES LTD. appointedcorporate-nominee-director
- 2007-11-14➖PETER TRAINER CORPORATE SERVICES LTD. resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Dean Williams Mcmorris Individual · British · DOB 08/1971 · age 55 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 31/03/2022 |
2 historic (ceased) PSCs
- Mr James Eric Mcmorrisceased 31/03/2022· 25-50% shares · 25-50% voting
- Mr Archibald Gordon Mcmorrisceased 31/03/2022· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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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 →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
Registered office
Filing status
Officers (3 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 19/05/2008 | — |