INNOVO ENGINEERING AND CONSTRUCTION LIMITED

🌳Matureactive
SC434959 · ltd · incorporated 2012-10-17
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 Oct 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 28990
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (73/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 9.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 9.9 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 9 with DOB)
88
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Average employees5400

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
2
filings
  • • 1 confirmation-statement
  • • 1 address
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2026-03-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-06-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-06-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-05-01
    ➖
    MILLARD, Garry Anthony resigned
    director
  6. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-11-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2023-11-01
    ➕
    BELL, Graeme Duncan appointed
    director
  9. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-03-01
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  12. 2022-01-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2022-01-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-12-31
    ➖
    BELL, Graeme Duncan resigned
    director
  15. 2021-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-02-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2020-12-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2020-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2020-06-16
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  21. 2019-10-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  22. 2019-04-01
    ➕
    MILLARD, Garry Anthony appointed
    director
  23. 2018-08-31
    ➖
    D'ANTONIO, Francesco resigned
    director
  24. 2018-04-11
    🔓
    Charge satisfied #2
  25. 2018-04-11
    🔓
    Charge satisfied #1
  26. 2017-03-07
    🔒
    Charge registered #2
    Lender: Banca Monte Dei Paschi Di Siena S.P.A. (London Branch)
  27. 2017-03-06
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  28. 2016-09-01
    ➕
    BELL, Graeme Duncan appointed
    director
  29. 2016-08-23
    ➖
    MILANO, Daniel resigned
    director
  30. 2016-06-08
    🔒
    Charge registered #1
    Lender: Banca Monte Dei Paschi Di Siena Spa London Branch
  31. 2016-04-30
    ➕
    MILANO, Daniel appointed
    director
  32. 2016-04-30
    ➖
    PETTINÀ, Francesco resigned
    director
  33. 2016-03-01
    ➕
    MALAGODI, Stefano appointed
    director
  34. 2015-12-22
    ➖
    BLACKWOOD PARTNERS LLP resigned
    corporate-secretary
  35. 2015-11-28
    ➖
    MALAGODI, Stefano resigned
    director
  36. 2015-11-24
    ➕
    PETTINÀ, Francesco appointed
    director
  37. 2015-11-24
    ➖
    TIBERIO, Andrea resigned
    director
  38. 2015-11-19
    ➕
    D'ANTONIO, Francesco appointed
    director
  39. 2012-10-17
    🏢
    Company incorporated
    As INNOVO ENGINEERING AND CONSTRUCTION LIMITED
  40. 2012-10-17
    ➕
    BLACKWOOD PARTNERS LLP appointed
    corporate-secretary
  41. 2012-10-17
    ➕
    MALAGODI, Stefano appointed
    director
  42. 2012-10-17
    ➕
    TIBERIO, Andrea appointed
    director

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

51/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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 Stefano Malagodi
Individual · Italian · DOB 04/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Andrea Tiberio
Individual · Italian · DOB 11/1972 · age 54
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
2 historic (ceased) PSCs
  • Mr Garry Anthony Millardceased 01/05/2025· significant influence
  • Mr Graeme Duncan Bellceased 31/10/2021· 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 →

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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
Incorporated2012-10-17
Jurisdictionscotland
Primary SIC28990 — SIC 28990

Registered office

37 Albyn Place
Aberdeen
AB10 1YN
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-04-13
Last: 2026-03-30

Officers (2 active · 8 resigned)

BELL, Graeme Duncan→
director · ~57y · appointed 2023-11-01
View their other companies + combined net worth →
Active
MALAGODI, Stefano→
director · ~59y · appointed 2016-03-01
View their other companies + combined net worth →
Active
BLACKWOOD PARTNERS LLP→
corporate-secretary · appointed 2012-10-17 · resigned 2015-12-22
Resigned
BELL, Graeme Duncan→
director · ~57y · appointed 2016-09-01 · resigned 2021-12-31
Resigned
D'ANTONIO, Francesco→
director · ~43y · appointed 2015-11-19 · resigned 2018-08-31
Resigned
MALAGODI, Stefano→
director · ~59y · appointed 2012-10-17 · resigned 2015-11-28
Resigned
MILANO, Daniel→
director · ~39y · appointed 2016-04-30 · resigned 2016-08-23
Resigned
MILLARD, Garry Anthony→
director · ~67y · appointed 2019-04-01 · resigned 2025-05-01
Resigned
PETTINÀ, Francesco→
director · ~41y · appointed 2015-11-24 · resigned 2016-04-30
Resigned
TIBERIO, Andrea→
director · ~54y · appointed 2012-10-17 · resigned 2015-11-24
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—16/06/2020—
satisfied
Banca Monte Dei Paschi Di Siena S.P.A. (London Branch)
A registered charge—07/03/201711/04/2018
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—06/03/2017—
satisfied
Banca Monte Dei Paschi Di Siena Spa London Branch
A registered charge—08/06/201611/04/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (67 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-30
termination-director-company-with-name-termination-date
officers · TM01
2025-06-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-09
appoint-person-director-company-with-name-date
officers · AP01
2023-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-04
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-30
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-03-01
termination-director-company-with-name-termination-date
officers · TM01
2022-01-05