MACKELLAR ENGINEERING LTD

🏛️Establishedactive

SC639388 · ltd · incorporated 2019-08-20

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 3.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2024

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Machining

Sector: Manufacturing

Investor take

Pursue

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

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 3.9y

60/100

clean up first

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

· Charge age ~3.9 years — mid-life; refi window approaching.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

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

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (6 active, 6 linked, 5 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

22 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS

Metric	2024-08-31	2023-08-31
Total assets	—	£1.34M
Current assets	—	£1.52M
Cash	—	£240.2k
Debtors	—	£348.8k
Net assets	—	£556.9k
Average employees	1600	—

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

filing

• 1 mortgage

Last 180 days

filing

• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2026-03-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-02
🔓
Charge satisfied #1
2025-08-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-01
➕
KOPER, Krzysztof appointed
director
2024-10-01
➕
MACKILLOP, Jamie Anne Margaret appointed
director
2024-10-01
➕
MACKILLOP, Steven James appointed
director
2024-05-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-23
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-12-22
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-13
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2023-05-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-22
🔒
Charge registered #1
Lender: Close Invoice Finance LTD
2022-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-15
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-04-15
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-08-21
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-08-20
🏢
Company incorporated
As MACKELLAR ENGINEERING LTD
2019-08-20
➕
MACKELLAR, Lisa Louise appointed
secretary
2019-08-20
➕
MACKELLAR, Grant appointed
director
2019-08-20
➕
MACKELLAR, Lisa Louise appointed
director
2019-08-20
📄
incorporation-company
incorporation · NEWINC

Owner dependency

63/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "MACKELLAR" — strong identity link between founder and business.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100

Weak signal

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

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Grant Mackellar Individual · Scottish · DOB 05/1984 · age 42	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	20/08/2019
Mrs Lisa Louise Mackellar Individual · Scottish · DOB 09/1982 · age 44	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	20/08/2019

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 · PH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
RUSSWOOD LTD.→ SC092505 · est 1985	£3.34M £2.60M–£4.09M	—	—	67	41y	85	66y
EDWARDS ENGINEERING (PERTH) LIMITED→ SC046562 · est 1969	£2.34M £1.82M–£2.86M	—	—	4100	56y	83	58y
FAIR CITY PRECAST LIMITED→ SC078774 · est 1982	—	—	—	—	43y	83	60y
A M FIRE & SECURITY SYSTEMS LTD→ SC247526 · est 2003	—	—	—	1200	23y	82	58y
DRUMMOND FENCING LIMITED→ SC297497 · est 2006	—	—	£269.1k	—	20y	82	60y
INVERNESS PRECAST LTD→ SC392391 · est 2011	—	—	—	—	15y	82	60y
MACPHERSON'S WELDING & ENGINEERING SERVICES LIMITED→ SC224287 · est 2001	—	—	£154.8k	—	24y	82	66y
MARGARET MORRISON LIMITED→ SC299646 · est 2006	—	—	—	600	20y	82	66y
MEARNS SAWMILLS LIMITED→ SC022017 · est 1942	—	—	—	200	84y	82	84y
ONTOP TRACTORS LIMITED→ SC059965 · est 1976	—	—	£29.8k	—	49y	82	65y
PERTHSHIRE TIMBER COMPANY LIMITED→ SC142941 · est 1993	—	—	—	1900	33y	82	84y
SIGNAL WARRANTIES LIMITED→ SC716710 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

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

Incorporated2019-08-20

Jurisdictionscotland

Primary SIC25620 — Machining

Registered office

Unit 12 Strathspey Industrial Estate

Grantown-On-Spey

PH26 3NB

Scotland

Filing status

Accounts

Next due: 2026-05-31

Last made up to: 2024-08-31

Confirmation statement

Next due: 2026-09-02

Last: 2025-08-19