MCLAYS REFRIGERATION & AIR CONDITIONING LIMITED
🌿Early-stageactive
SC723122 · ltd · incorporated 2022-02-14
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: SIC 33190
Sector: Manufacturing
ALSO REGISTERED FOR
- 43220Plumbing, heat and air-conditioning installation
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
1 connected companies via shared directors
48
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Average employees | 300 | 300 |
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
8
filings
- • 2 persons-with-significant-control
- • 2 capital
- • 1 confirmation-statement
Last 180 days
8
filings
- • 2 persons-with-significant-control
- • 2 capital
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
- 2026-02-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-02-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-02-19📄capital-alter-shares-subdivisioncapital · SH02
- 2026-02-19📄capital-name-of-class-of-sharescapital · SH08
- 2026-02-18📄memorandum-articlesincorporation · MA
- 2026-02-18📄resolutionresolution · RESOLUTIONS
- 2025-03-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-26➕MCLAY, Nadia Louise appointeddirector
- 2023-06-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-14🏢Company incorporatedAs MCLAYS REFRIGERATION & AIR CONDITIONING LIMITED
- 2022-02-14➕MCLAY, David William George appointeddirector
- 2022-02-14📄incorporation-companyincorporation · NEWINC
Owner dependency
81/100
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 "MCLAY" — strong identity link between founder and business.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
36/100
Weak signalLimited 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
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 David William George Mclay Individual · Scottish · DOB 01/1991 · age 35 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 14/02/2022 |
Mrs Nadia Louise Mclay Individual · British · DOB 02/1994 · age 32 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 08/02/2026 |
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 · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| NEXTDAYTEE LTD→ SC801107 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ODOUR GUARD BAGS LTD→ SC848214 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PASCOE ENGINEERING LTD.→ SC273327 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| RAPIDFORM 3D LIMITED→ SC880876 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| REEKIE LTD→ SC542442 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| RIGAR ELECTRICAL SERVICES LTD.→ SC484108 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| RITEMP SERVICES LTD→ SC464806 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| RME ELECTRICAL CONTRACTORS LTD→ SC379795 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| RPL WEDDINGS LTD→ SC499764 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| RR GLASGOW LIMITED→ SC562181 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| RS ELECTRICS SCOTLAND LTD→ SC697050 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| RS MOTORSPORT BY ROBERT STUART LTD→ SC673533 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2022-02-14
Jurisdictionscotland
Primary SIC33190 — SIC 33190
Registered office
Unit 10 Coatbank Business Centre
Coatbank Way
Coatbridge
ML5 3AG
Scotland
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-27
Last: 2026-02-13
Officers (2 active · 0 resigned)
MCLAY, David William George→
Activedirector · ~35y · appointed 2022-02-14
View their other companies + combined net worth →
MCLAY, Nadia Louise→
Activedirector · ~32y · appointed 2023-06-26
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (16 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-25
capital-alter-shares-subdivision
capital · SH02
2026-02-19
capital-name-of-class-of-shares
capital · SH08
2026-02-19
memorandum-articles
incorporation · MA
2026-02-18
resolution
resolution · RESOLUTIONS
2026-02-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-11
appoint-person-director-company-with-name-date
officers · AP01
2023-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-26