METAL MILITIA MANUFACTURING LTD

🌿Early-stageactive
SC798985 · ltd · incorporated 2024-02-13
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
£-18.5k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Engineering design activities for industrial process and production
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 1.3y

50/100
clean up first

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

  • · Newest facility, 1.3 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (73/100)

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
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £18,501

Key financials

1 year extracted from filed iXBRL accounts
Cash
£18k
Net Worth
-£19k
Current Assets
£42k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-28
Total assets£-18.3k
Current assets£42.3k
Cash£18.5k
Debtors£23.8k
Net assets£-18.5k

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
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-26
    📄
    memorandum-articles
    incorporation · MA
  3. 2025-09-26
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2025-09-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  5. 2025-09-25
    📄
    capital-allotment-shares
    capital · SH01
  6. 2025-09-24
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2025-09-22
    📄
    capital-allotment-shares
    capital · SH01
  8. 2025-01-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-01-16
    🔒
    Charge registered #1
    Lender: Lloyds Bank Commercial Finance Limited
  10. 2024-06-20
    URQUHART, James appointed
    director
  11. 2024-06-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2024-06-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2024-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2024-02-13
    🏢
    Company incorporated
    As METAL MILITIA MANUFACTURING LTD
  15. 2024-02-13
    MACGREGOR, Ian appointed
    director
  16. 2024-02-13
    📄
    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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Young company: Only 2.2 years old — management layer unlikely to be developed.

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Knox Ventures Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Knox Ventures Limited
Corporate parent · holds 25-50% shares
significant stake
METAL MILITIA MANUFACTURING LTD
This company · SC798985

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Knox Ventures Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting09/09/2025
James Urquhart
Individual · British · DOB 08/1985 · age 41
2550%
25-50% shares20/06/2024
Ian Macgregor
Individual · Scottish · DOB 03/1971 · age 55
2550%
25-50% shares13/02/2024

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

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
Incorporated2024-02-13
Jurisdictionscotland
Primary SIC71121 — Engineering design activities for industrial process and production

Registered office

Sidhean Mor
Sidhean Mor Balblair
Ardgay
IV24 3AW
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-07-04
Last: 2025-06-20

Officers (2 active · 0 resigned)

MACGREGOR, Ian
director · ~55y · appointed 2024-02-13
View their other companies + combined net worth →
Active
URQUHART, James
director · ~41y · appointed 2024-06-20
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank Commercial Finance Limited
A registered charge16/01/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (14 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-11
memorandum-articles
incorporation · MA
2025-09-26
resolution
resolution · RESOLUTIONS
2025-09-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-09-26
capital-allotment-shares
capital · SH01
2025-09-25
resolution
resolution · RESOLUTIONS
2025-09-24
capital-allotment-shares
capital · SH01
2025-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-20
appoint-person-director-company-with-name-date
officers · AP01
2024-06-20
incorporation-company
incorporation · NEWINC
2024-02-13