RENNIE ENGINEERING LIMITED

💤Zombieactive
SC346493 · ltd · incorporated 2008-08-01
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£21.0k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. 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 (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 17.4y

30/100
under pressure

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

  • · Oldest live charge is 17.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £20,956
Net assets shrinking
Down £16,226 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£21k
↓ 44% YoY
Current Assets
£148k
↓ 14% YoY
Current Liabilities
—
£0£34k£69k£103k£138k£172kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-10-312023-10-31
Total assets£30.6k£60.9k
Current assets£147.8k£172.0k
Net assets£21.0k£37.2k

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

🔒Filing-note intelligence

1 signal 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
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2024-12-27
    ➖
    RENNIE, Michael Andrew resigned
    director
  4. 2024-04-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-11-10
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  6. 2023-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-07-07
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  9. 2022-07-07
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  10. 2021-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-08-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2018-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-08-16
    ➖
    AITKEN, Peter Madden resigned
    secretary
  16. 2017-08-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2017-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2017-06-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2013-11-05
    ➕
    RENNIE, Michael Andrew appointed
    director
  20. 2012-09-20
    🔓
    Charge satisfied #1
  21. 2009-06-11
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  22. 2008-11-20
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  23. 2008-08-01
    🏢
    Company incorporated
    As RENNIE ENGINEERING LIMITED
  24. 2008-08-01
    ➕
    LINTON, Morag Jean appointed
    director
  25. 2008-08-01
    ➕
    AITKEN, Peter Madden appointed
    secretary

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

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 Michael Rennie
Individual · British · DOB 11/1970 · age 56
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Morag Jean Linton
Individual · British · DOB 10/1970 · age 56
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2008-08-01
Jurisdictionscotland
Primary SIC25990 — SIC 25990

Registered office

Unit 10 Woodgate Way North
Eastfield Industrial Estate
Glenrothes
KY7 4PE
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-08-15
Last: 2025-08-01

Officers (1 active · 2 resigned)

LINTON, Morag Jean→
director · ~56y · appointed 2008-08-01
View their other companies + combined net worth →
Active
AITKEN, Peter Madden→
secretary · appointed 2008-08-01 · resigned 2017-08-16
Resigned
RENNIE, Michael Andrew→
director · ~56y · appointed 2013-11-05 · resigned 2024-12-27
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property11/06/2009—
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property20/11/200820/09/2012
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (48 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-30
termination-director-company-with-name-termination-date
officers · TM01
2025-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-05
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2023-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-31
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-07-07
second-filing-of-director-appointment-with-name
officers · RP04AP01
2022-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-31
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-30