MACKAY DEVELOPMENT SERVICES LTD

🌳Matureactive
SC528755 · ltd · incorporated 2016-03-07
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£281.8k
book net assets
Opportunity
73/100
Strong
🔔
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: Construction of other civil engineering projects n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (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: Cash flow review and working-capital discipline. Cash down -89% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £281,771
Cash draining
Cash down 89% YoY
Cash YoY
-89%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 89% YoY
Net Worth
£282k
↑ 18% YoY
Current Assets
£296k
~ YoY
Current Liabilities
—
£0£59k£118k£178k£237k£296kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£337.6k£314.0k
Current assets£296.2k£295.9k
Cash£1.2k£11.0k
Debtors£295.0k£174.9k
Net assets£281.8k£239.7k

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
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Last 180 days
4
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-04-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-04-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-10-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-08-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2017-08-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2017-08-05
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2017-05-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2016-03-07
    🏢
    Company incorporated
    As MACKAY DEVELOPMENT SERVICES LTD
  17. 2016-03-07
    ➕
    MACKAY, Neill William appointed
    director
  18. 2016-03-07
    ➕
    MACKAY, Oliver Stodhart appointed
    director

Owner dependency

86/100
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
  • +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 "MACKAY" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

41/100
Moderate signal

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

SIGNALS
  • 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 Neill William Mackay
Individual · British · DOB 05/1984 · age 42
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Oliver Stodhart Mackay
Individual · British · DOB 05/1984 · age 42
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 · Construction · DG postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DAVID HARDIE ENGINEERING LTD.→
SC162759 · est 1996
£1.92M
£1.37M–£2.46M
——6830y8766y
ACON LIMITED→
SC277386 · est 2004
——£29.0k—21y8362y
ICM DEVELOPMENTS LIMITED→
SC332169 · est 2007
——£515.5k—18y8368y
NITH VALLEY CONSTRUCTION LIMITED→
SC239606 · est 2002
———1023y8364y
A & H FLOOR COVERING SPECIALISTS LIMITED→
SC229101 · est 2002
———50024y8273y
A.I. TONNAR LIMITED→
SC221253 · est 2001
——£264.5k—24y8268y
BELL ELECTRICAL GROUP LIMITED→
SC150935 · est 1994
——£990.5k—31y8279y
BORDER HOMES LTD→
SC388242 · est 2010
———140015y8269y
BUILDING CRAFTSMEN (YEOVIL) LIMITED→
SC104994 · est 1987
——£2.32M—38y8268y
DONALD C. MCROBERT & SON LIMITED→
SC271631 · est 2004
——£107.3k—21y8279y
ENERGY CENTRE SCOTLAND LIMITED→
SC395458 · est 2011
——£200.6k—15y8266y
FERRIE HEATING SERVICES LIMITED→
SC356337 · est 2009
——£31.1k—17y8260y
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
Incorporated2016-03-07
Jurisdictionscotland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

78 High Street
Annan
DG12 6DL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-20
Last: 2026-03-06

Officers (2 active · 0 resigned)

MACKAY, Neill William→
director · ~42y · appointed 2016-03-07
View their other companies + combined net worth →
Active
MACKAY, Oliver Stodhart→
director · ~42y · appointed 2016-03-07
View their other companies + combined net worth →
Active

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

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-01
change-person-director-company-with-change-date
officers · CH01
2026-04-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-18