EWING AND WRAGG LTD

🏛️Establishedactive

SC599738 · ltd · incorporated 2018-06-12

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 opening · high confidence

More negotiable than before — 3 signals weakening over the last 30 days.

· Hygiene score: 90 → 70
· Opportunity score: 72 → 64
· Bankability: 75 → 65
· Distress / opportunity: avoid → speculative

What changed my view

Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 1 positive.

↓Opportunity score: 72 → 64
↓Hygiene score: 90 → 70
↓Bankability: 75 → 65
↑Filings: 18 → 20
·Distress / opportunity: avoid → speculative

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 Sept 2025

Net worth

—

book net assets

Opportunity

64/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 32120

Sector: Manufacturing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (70/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

20 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-09-30
Average employees	200

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

filings

• 1 gazette
• 1 dissolution

Last 90 days

filings

• 1 gazette
• 1 dissolution

Last 180 days

filings

• 1 gazette
• 1 dissolution

Counts from Companies House filing history.

Corporate timeline (16 events)Click to expand

2026-06-09
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2026-06-01
📄
dissolution-application-strike-off-company
dissolution · DS01
2025-11-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-26
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2025-03-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-22
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-04-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-06-12
🏢
Company incorporated
As EWING AND WRAGG LTD
2018-06-12
➕
EWING, Ilana appointed
director
2018-06-12
➕
WRAGG, Amalia appointed
director
2018-06-12
📄
incorporation-company
incorporation · NEWINC

Owner dependency

78/100

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.
+Founder name in company name: Company name contains director surname "EWING" — strong identity link between founder and business.
+No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-25

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Amalia Wragg Individual · Canadian · DOB 05/1980 · age 46	25–50%	25–50%	25-50% shares · 25-50% voting	12/06/2018
Mrs Ilana Ewing Individual · Brazilian · DOB 08/1972 · age 54	25–50%	25–50%	25-50% shares · 25-50% voting	12/06/2018

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

Similar companies

Active · Manufacturing · EH postcode area

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HALSPAN LIMITED→ SC194458 · est 1999	£6.37M £4.95M–£7.78M	—	—	—	27y	83	77y
HAD-FAB LIMITED→ SC142257 · est 1993	£1.76M £1.37M–£2.15M	—	—	14400	33y	85	60y
SPRING ENGINEERING SERVICES LIMITED→ SC220378 · est 2001	£1.49M £1.16M–£1.83M	—	—	3800	24y	87	74y
WINDOW SUPPLY COMPANY LTD→ SC615256 · est 2018	£699.9k £544.4k–£855.4k	—	—	182	7y	84	72y
EUROSTAMPA UK LTD→ SC024552 · est 1946	£218.8k £170.2k–£267.5k	—	—	200	79y	85	83y
ARRAYJET LIMITED→ SC209936 · est 2000	—	—	—	25	25y	83	73y
BAWBAGS LIMITED→ SC321771 · est 2007	—	—	—	6	19y	83	65y
CANMORE PIPE BAGS LIMITED→ SC362533 · est 2009	—	—	£53.5k	—	16y	83	58y
CASTLE MASONRY PRODUCTS LIMITED→ SC225802 · est 2001	—	—	—	18	24y	83	62y
CLOCKHOUSE FURNITURE LIMITED→ SC281686 · est 2005	—	—	£778.1k	—	21y	83	75y
DESIGN LED PRODUCTS LIMITED→ SC258229 · est 2003 · no financials extracted	—	—	—	—	22y	83	58y
HALSTON ENGINEERING LTD→ SC066605 · est 1978	—	—	—	600	47y	83	61y

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

Incorporated2018-06-12

Jurisdictionscotland

Primary SIC32120 — SIC 32120

Registered office

16 Rutland Square

Sub-Basement

Edinburgh

EH1 2BB

Scotland

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-06-25OVERDUE

Last: 2025-06-11

Officers (2 active · 0 resigned)

EWING, Ilana→

director · ~54y · appointed 2018-06-12

View their other companies + combined net worth →

Active

WRAGG, Amalia→

director · ~46y · appointed 2018-06-12

View their other companies + combined net worth →

Active

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

Recent filings (20 total)

gazette-notice-voluntary

gazette · GAZ1(A)

2026-06-09

dissolution-application-strike-off-company

dissolution · DS01

2026-06-01

accounts-with-accounts-type-micro-entity

accounts · AA

2025-11-27

change-account-reference-date-company-previous-extended

accounts · AA01

2025-11-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-06-16

accounts-with-accounts-type-micro-entity

accounts · AA

2025-03-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-06-18

accounts-with-accounts-type-micro-entity

accounts · AA

2024-03-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-06-12

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-05-16

accounts-with-accounts-type-micro-entity

accounts · AA

2023-03-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-06-13

accounts-with-accounts-type-micro-entity

accounts · AA

2022-03-28

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2021-11-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-06-16