HYSPEC ENGINEERING LIMITED

🌳Matureactive

SC371408 · ltd · incorporated 2010-01-19

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

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

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: SIC 24200

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 77/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 15.3y

45/100

clean up first

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

· Oldest live charge is 15.3 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (80/100)

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

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

15 officers (3 active, 15 linked, 13 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

78 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £330,678

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Profit before tax	£330.7k	£315.5k
Average employees	66	8300

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (53 events)Click to expand

2025-09-26
📄
accounts-with-accounts-type-full
accounts · AA
2024-10-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-08-22
📄
accounts-with-accounts-type-full
accounts · AA
2024-04-05
➖
KHAN, Waseem Riaz resigned
director
2023-09-28
📄
accounts-with-accounts-type-full
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-full
accounts · AA
2022-07-05
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2022-06-30
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2022-06-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-17
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-17
🔓
Charge satisfied #3
2022-06-16
🔒
Charge registered #4
Lender: Ultimate Finance Limited
2021-12-22
📄
accounts-with-accounts-type-full
accounts · AA
2021-09-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-09-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-09-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-09-28
➕
WHITE, David Lindsay appointed
director
2021-09-28
➕
KHAN, Waseem Riaz appointed
director
2021-09-07
➖
MALKI, Lakhder resigned
director
2020-11-23
📄
accounts-with-accounts-type-full
accounts · AA
2020-06-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-06-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-06-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-06-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-06-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-05-28
➖
AL BARWANI, Usama Mohamed Ali resigned
director
2020-05-28
➖
SRIVASTAVA, Sushil Kumar resigned
director
2020-05-11
➕
ALSHUAILI, Abdulla Khalfan appointed
director
2020-05-11
➕
RITCHIE, Edwin George appointed
director
2020-05-11
➕
MALKI, Lakhder appointed
director
2020-03-01
➖
STOREY, Neville Robert resigned
director
2018-01-12
🔓
Charge satisfied #2
2018-01-05
🔒
Charge registered #3
Lender: Igf Invoice Finance Limited
2016-04-08
🔒
Charge registered #2
Lender: Lloyds Bank Commercial Finance Limited
2014-11-30
➖
AL KHARUSI, Mohamed Masaud Said resigned
director
2012-02-22
➕
AL BARWANI, Usama Mohamed Ali appointed
director
2012-02-22
➕
AL KHARUSI, Mohamed Masaud Said appointed
director
2012-02-22
➖
HYSLOP, Agnes Margaret resigned
director
2012-02-22
➖
HYSLOP, Craig resigned
director
2012-02-22
➖
HYSLOP, William James resigned
director
2012-02-22
➕
SRIVASTAVA, Sushil Kumar appointed
director
2012-02-22
➕
STOREY, Neville Robert appointed
director
2011-02-08
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2010-01-29
➖
HMS SECRETARIES LIMITED resigned
corporate-secretary
2010-01-29
➕
HYSLOP, Agnes Margaret appointed
director
2010-01-29
➕
HYSLOP, Craig appointed
director
2010-01-29
➕
HYSLOP, William James appointed
director
2010-01-29
➖
MUNRO, Donald John resigned
director
2010-01-29
➖
HMS DIRECTORS LIMITED resigned
corporate-director
2010-01-19
🏢
Company incorporated
As HYSPEC ENGINEERING LIMITED

Showing most recent 50 of 53 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

50/100

Moderate signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Mohamed Ali Mohamed Al Barwani Individual · Omani · DOB 10/1951 · age 75	—	—	board controlboard control · firm interest	18/01/2017

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 · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
J & D PIERCE (CONTRACTS) LTD.→ SC174690 · est 1997	£47.51M £36.95M–£58.07M	—	—	47400	29y	82	63y
VERACITY UK LIMITED→ SC291812 · est 2005	£7.42M £5.77M–£9.06M	—	—	46	20y	85	70y
CHEMTEC UK LIMITED→ SC276983 · est 2004	£5.02M £3.90M–£6.13M	—	—	2300	21y	90	57y
GMSS HOLDINGS LIMITED→ SC478614 · est 2014	£2.25M £1.75M–£2.75M	—	—	0	11y	84	61y
AEROFORMA TECHNOLOGIES (NORTH) LIMITED→ SC123036 · est 1990	—	—	—	47	36y	83	75y
ATLAS (SCOTLAND) LIMITED→ SC260329 · est 2003	—	—	£583.3k	—	22y	83	66y
AYRSHIRE BLINDS LIMITED→ SC090647 · est 1984	—	—	£199.3k	—	41y	83	81y
BOAT ELECTRICS & ELECTRONICS LIMITED→ SC066331 · est 1978	—	—	£396.3k	—	47y	83	60y
BRODIE ENGINEERING LIMITED→ SC163999 · est 1996	—	—	—	9600	30y	83	60y
CAPITAL STEEL LIMITED→ SC275258 · est 2004	—	—	£1.45M	—	21y	83	70y
GIRARD INDUSTRIES EUROPE LIMITED→ SC101084 · est 1986	—	—	£389.5k	—	39y	83	73y
KENNEDYSMITH (PRESS) LIMITED→ SC186009 · est 1998	—	—	—	7200	28y	83	66y

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

Incorporated2010-01-19

Jurisdictionscotland

Primary SIC24200 — SIC 24200

Registered office

Rigg Street

Stewarton

Ayrshire

KA3 5AJ

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-10-23

Last: 2025-10-09

Officers (3 active · 12 resigned)

ALSHUAILI, Abdulla Khalfan→

director · ~54y · appointed 2020-05-11

View their other companies + combined net worth →

Active

RITCHIE, Edwin George→

director · ~62y · appointed 2020-05-11

View their other companies + combined net worth →

Active

WHITE, David Lindsay→

director · ~57y · appointed 2021-09-28

View their other companies + combined net worth →

Active

HMS SECRETARIES LIMITED→

corporate-secretary · appointed 2010-01-19 · resigned 2010-01-29

Resigned

AL BARWANI, Usama Mohamed Ali→

director · ~46y · appointed 2012-02-22 · resigned 2020-05-28

Resigned

AL KHARUSI, Mohamed Masaud Said→

director · ~78y · appointed 2012-02-22 · resigned 2014-11-30

Resigned

HYSLOP, Agnes Margaret→

director · ~80y · appointed 2010-01-29 · resigned 2012-02-22

Resigned

HYSLOP, Craig→

director · ~56y · appointed 2010-01-29 · resigned 2012-02-22

Resigned

HYSLOP, William James→

director · ~81y · appointed 2010-01-29 · resigned 2012-02-22

Resigned

KHAN, Waseem Riaz→

director · ~47y · appointed 2021-09-28 · resigned 2024-04-05

Resigned

MALKI, Lakhder→

director · ~54y · appointed 2020-05-11 · resigned 2021-09-07

Resigned

MUNRO, Donald John→

director · ~55y · appointed 2010-01-19 · resigned 2010-01-29

Resigned

SRIVASTAVA, Sushil Kumar→

director · ~65y · appointed 2012-02-22 · resigned 2020-05-28

Resigned

STOREY, Neville Robert→

director · ~64y · appointed 2012-02-22 · resigned 2020-03-01

Resigned

HMS DIRECTORS LIMITED→

corporate-director · appointed 2010-01-19 · resigned 2010-01-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Ultimate Finance Ultimate Finance Limited	A registered charge	1 property	16/06/2022	—
satisfied	Igf Invoice Finance Igf Invoice Finance Limited	A registered charge	—	05/01/2018	17/06/2022
satisfied	Lloyds Banking Group Lloyds Bank Commercial Finance Limited	A registered charge	—	08/04/2016	12/01/2018
outstanding	Lloyds Banking Group Bank of Scotland PLC	Floating charge	1 property	08/02/2011	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2025-10-23

accounts-with-accounts-type-full

accounts · AA

2025-09-26

confirmation-statement-with-updates

confirmation-statement · CS01

2024-10-24

termination-director-company-with-name-termination-date

officers · TM01

2024-10-24

accounts-with-accounts-type-full

accounts · AA

2024-08-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-11-14

accounts-with-accounts-type-full

accounts · AA

2023-09-28

accounts-with-accounts-type-full

accounts · AA

2022-12-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-11-15

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2022-07-05

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2022-06-30

mortgage-satisfy-charge-full

mortgage · MR04

2022-06-17

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2022-06-17

accounts-with-accounts-type-full

accounts · AA

2021-12-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-11-29