SWAN ENGINEERING LIMITED
🌳Matureactive
SC373148 · ltd · incorporated 2010-02-17
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 Mar 2025
Net worth
£2.35M
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 25990
Sector: Manufacturing
ALSO REGISTERED FOR
- 33110SIC 33110
- 71129Other engineering activities
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 77/100 (strong), 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: Cash flow review and working-capital discipline. Cash down -50% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
2 live charges · oldest 14.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
58 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 · accounting standard not declaredPositive net assets
Net assets £2,352,190
Cash draining
Cash down 50% YoY
Cash YoY
-50%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£632k
↓ 50% YoY
Net Worth
£2.4m
↑ 9.2% YoY
Current Assets
£1.9m
↓ 15% YoY
Current Liabilities
—
Hover 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 | £3.15M | £2.79M |
| Current assets | £1.94M | £2.28M |
| Cash | £632.1k | £1.27M |
| Debtors | £816.6k | £622.2k |
| Net assets | £2.35M | £2.15M |
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 (26 events)Click to expand
- 2025-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-06📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-06📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-08-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-08-28📄change-person-secretary-company-with-change-dateofficers · CH03
- 2022-11-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-18📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-08-16➕SWAN, Sarah Louise appointeddirector
- 2022-08-16➕SWAN, Sarah Louise appointeddirector
- 2022-08-16➖SWAN, Sarah Louise resigneddirector
- 2022-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2012-03-05🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2012-02-27🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2010-02-17🏢Company incorporatedAs SWAN ENGINEERING LIMITED
- 2010-02-17➕SWAN, Sarah Louise appointedsecretary
- 2010-02-17➕SWAN, Dale appointeddirector
Owner dependency
91/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "SWAN" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Dale Swan Individual · British · DOB 08/1981 · age 45 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
Mrs Sarah Louise Swan Individual · British · DOB 03/1983 · age 43 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| FTV PROCLAD (U.K.) LIMITED→ SC271316 · est 2004 | — | — | — | 42 | 21y | 85 | 66y |
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| FCE HYDRAULICS LTD→ SC191289 · est 1998 | — | — | £655.5k | — | 27y | 83 | 68y |
| PR2 ENGINEERING LIMITED→ SC278634 · est 2005 · no financials extracted | — | — | — | — | 21y | 83 | 60y |
| STONE MARINE SERVICES LIMITED→ SC202418 · est 1999 | — | — | £2.02M | — | 26y | 83 | 75y |
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| BELLISTON QUARRY COMPANY LTD. (THE)→ SC022558 · est 1943 · no financials extracted | — | — | — | — | 82y | 82 | 94y |
| THE FRAMESTOREUK LTD→ SC726572 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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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
Incorporated2010-02-17
Jurisdictionscotland
Primary SIC25990 — SIC 25990
Registered office
Swan Engineering Station Road
Auchtermuchty
Cupar
Fife
KY14 7DP
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31
Officers (3 active · 1 resigned)
SWAN, Sarah Louise→
Activesecretary · appointed 2010-02-17
View their other companies + combined net worth →
Active
SWAN, Sarah Louise→
Activedirector · ~43y · appointed 2022-08-16
View their other companies + combined net worth →
SWAN, Sarah Louise→
Resigneddirector · ~27y · appointed 2022-08-16 · resigned 2022-08-16
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 05/03/2012 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 27/02/2012 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (58 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-06
change-person-director-company-with-change-date
officers · CH01
2025-10-06
change-person-director-company-with-change-date
officers · CH01
2025-10-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-06
termination-director-company-with-name-termination-date
officers · TM01
2023-08-28
appoint-person-director-company-with-name-date
officers · AP01
2023-08-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-28
change-person-secretary-company-with-change-date
officers · CH03
2023-08-28