TURNBULL & SCOTT (ENGINEERS) LIMITED

🌳Matureactive
SC334633 · ltd · incorporated 2007-11-29
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£575.9k
book net assets
Opportunity
83/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
ALSO REGISTERED FOR
  • 32990Other manufacturing n.e.c.
  • 43220Plumbing, heat and air-conditioning installation
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 18.4y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 18.4 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

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

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
13 officers (4 active, 13 linked, 7 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
97 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £575,861
Cash draining
Cash down 45% YoY
Cash YoY
-45%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£131k
↓ 45% YoY
Net Worth
£576k
↑ 30% YoY
Current Assets
£1.3m
↓ 7.8% YoY
Current Liabilities
—
£0£286k£572k£858k£1.1m£1.4mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£823.7k£768.0k
Current assets£1.32M£1.43M
Cash£131.5k£240.9k
Debtors£570.5k£491.8k
Net assets£575.9k£441.4k

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 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
  1. 2026-03-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2025-08-02
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  3. 2025-07-31
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  4. 2025-07-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-07-29
    🔒
    Charge registered #4
    Lender: South of Scotland Enterprise as Lender
  6. 2025-06-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-06-12
    🔓
    Charge satisfied #3
  8. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-11-30
    📄
    capital-sale-or-transfer-treasury-shares-with-date-currency-capital-figure
    capital · SH04
  11. 2023-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-09-08
    📄
    memorandum-articles
    incorporation · MA
  14. 2021-09-08
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2021-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-08-02
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  17. 2021-01-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2021-01-19
    ➕
    SHAHAB, Mohammad Arif appointed
    director
  19. 2020-05-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-02-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2019-02-20
    ➕
    BURTON, Ian Paul appointed
    director
  23. 2019-02-20
    ➖
    ANDREW, James Houston resigned
    director
  24. 2019-02-20
    ➖
    SIGSWORTH, David, Prof. resigned
    director
  25. 2018-03-21
    ➖
    FERREY, Matthew Robert resigned
    director
  26. 2017-01-31
    ➖
    DOUGLAS, Ian Mayall resigned
    director
  27. 2017-01-18
    ➕
    SIGSWORTH, David, Prof. appointed
    director
  28. 2016-12-16
    🔒
    Charge registered #3
    Lender: Peter Murphy as Trustee of Turnbull & Scott Pension Scheme
  29. 2015-12-18
    ➕
    MBM SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  30. 2015-12-18
    ➖
    ANDY PURVES LIMITED resigned
    corporate-secretary
  31. 2015-06-03
    🔓
    Charge satisfied #2
  32. 2012-01-30
    ➕
    FERREY, Matthew Robert appointed
    director
  33. 2011-01-14
    ➕
    ANDY PURVES LIMITED appointed
    corporate-secretary
  34. 2011-01-14
    ➖
    QUEENSFERRY SECRETARIES LIMITED resigned
    corporate-secretary
  35. 2008-06-17
    🔒
    Charge registered #2
    Lender: Hsbc Invoice Finance (UK) Limited
  36. 2008-02-20
    ➕
    ANDREW, James Houston appointed
    director
  37. 2008-02-20
    ➕
    DOUGLAS, Ian Mayall appointed
    director
  38. 2008-01-16
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  39. 2007-11-29
    🏢
    Company incorporated
    As TURNBULL & SCOTT (ENGINEERS) LIMITED
  40. 2007-11-29
    ➕
    MURPHY, Peter Thomas appointed
    director
  41. 2007-11-29
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-secretary
  42. 2007-11-29
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-secretary
  43. 2007-11-29
    ➕
    QUEENSFERRY SECRETARIES LIMITED appointed
    corporate-secretary
  44. 2007-11-29
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-director
  45. 2007-11-29
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-director
  46. 2007-11-29
    ➕
    PETER TRAINER CORPORATE SERVICES LTD. appointed
    corporate-nominee-director
  47. 2007-11-29
    ➖
    PETER TRAINER CORPORATE SERVICES LTD. resigned
    corporate-nominee-director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

83/100
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 71 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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 Peter Thomas Murphy
Individual · Irish · DOB 07/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Paula Majella Murphy
Individual · Irish · DOB 09/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Tri Capital Limitedceased 04/03/2025· significant influence

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 →

Similar companies

Active · Manufacturing · TD postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
CLEVELAND ALLIANCES LTD→
02709825 · est 1992
———100034y8375y
DASH COMPONENTS LTD→
05290025 · est 2004
——£1.07M—21y8361y
BLAIR & PATTERSON HOME IMPROVEMENTS LIMITED→
SC325271 · est 2007
———150019y8260y
ETTRICK YARN DYERS LIMITED→
SC209942 · est 2000
——£139.0k—25y8282y
HUTTON STONE CO. LTD.→
SC151439 · est 1994
——£1.94M—32y8286y
J.T. INGLIS & SONS LIMITED→
SC315424 · est 2007
——£100—19y8273y
KYLE DESIGN LIMITED→
SC235613 · est 2002
——£12.0k—23y8266y
PEER-GROUP INTERNATIONAL LTD.→
SC236237 · est 2002
——£17.2k—23y8263y
T & R KEDDIE LIMITED→
SC384705 · est 2010
———90015y8265y
WOODSCHOOL LIMITED→
SC166434 · est 1996
———10029y8280y
ROBERTSON TIMBER LIMITED→
SC383264 · est 2010 · no financials extracted
————15y——
SAFETY CONTROL SERVICES LTD→
15786004 · est 2024 · no financials extracted
————1y——
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
Incorporated2007-11-29
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Unit 1a, Burnfoot Industrial Estate
Hawick
TD9 8SL
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-27
Last: 2025-12-13

Officers (4 active · 9 resigned)

MBM SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2015-12-18
View their other companies + combined net worth →
Active
BURTON, Ian Paul→
director · ~64y · appointed 2019-02-20
View their other companies + combined net worth →
Active
MURPHY, Peter Thomas→
director · ~59y · appointed 2007-11-29
View their other companies + combined net worth →
Active
SHAHAB, Mohammad Arif→
director · ~71y · appointed 2021-01-19
View their other companies + combined net worth →
Active
ANDY PURVES LIMITED→
corporate-secretary · appointed 2011-01-14 · resigned 2015-12-18
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-secretary · appointed 2007-11-29 · resigned 2007-11-29
Resigned
QUEENSFERRY SECRETARIES LIMITED→
corporate-secretary · appointed 2007-11-29 · resigned 2011-01-14
Resigned
ANDREW, James Houston→
director · ~71y · appointed 2008-02-20 · resigned 2019-02-20
Resigned
DOUGLAS, Ian Mayall→
director · ~74y · appointed 2008-02-20 · resigned 2017-01-31
Resigned
FERREY, Matthew Robert→
director · ~71y · appointed 2012-01-30 · resigned 2018-03-21
Resigned
SIGSWORTH, David, Prof.→
director · ~80y · appointed 2017-01-18 · resigned 2019-02-20
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-director · appointed 2007-11-29 · resigned 2007-11-29
Resigned
PETER TRAINER CORPORATE SERVICES LTD.→
corporate-nominee-director · appointed 2007-11-29 · resigned 2007-11-29
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
South of Scotland Enterprise as Lender
A registered charge—29/07/2025—
satisfied
Peter Murphy as Trustee of Turnbull & Scott Pension Scheme / Morgan Lloyd Trustees as Trustee of Turnbull & Scott Pension Scheme
Peter Murphy as Trustee of Turnbull & Scott Pension Scheme / Morgan Lloyd Trustees Limited as Trustee of Turnbull & Scott Pension Scheme
A registered charge2 properties16/12/201612/06/2025
satisfied
HSBC
Hsbc Invoice Finance (UK) Limited
Floating charge1 property17/06/200803/06/2015
outstanding
HSBC
Hsbc Bank PLC
Floating charge1 property16/01/2008—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (97 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-15
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-08-02
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-07-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-13
capital-sale-or-transfer-treasury-shares-with-date-currency-capital-figure
capital · SH04
2023-11-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-13