LOTHIAN ELECTRIC MACHINES LIMITED

🌳Matureactive
SC036737 · ltd · incorporated 1961-08-18
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 closing · high confidence
Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.
  • · Lifecycle stage: declining → mature
  • · Refinance opportunity: too_messy → clean_up_first
  • · Distress / opportunity: speculative → avoid
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • ↑Lifecycle stage: declining → mature
  • ·Refinance opportunity: too_messy → clean_up_first
  • ·Distress / opportunity: speculative → avoid
Last 90 days

Picture improved over the last 90 days — 1 positive signal vs 0 negative.

  • ↑Lifecycle stage: declining → mature
  • ·Refinance opportunity: too_messy → clean_up_first
  • ·Distress / opportunity: speculative → avoid
Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
£48.58M
year to Sept 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: conservative operator with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (70/100).

🏦

Refinance opportunity

9 live charges · 5 lenders · oldest 49.7y

45/100
clean up first

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

  • · Oldest live charge is 49.7 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (85/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
25 officers (2 active, 25 linked, 17 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
164 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £2,885,040
Turned profitable
Returned to profit this year
Turnover YoY
+15%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Sept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-302023-09-30
Turnover£48.58M£42.28M£46.96M
Gross profit£4.88M£1.56M£2.52M
Operating profit£2.81M£-164.4k£924.4k
Profit before tax£2.89M£-93.7k£942.4k
Average employees176001700017800

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (77 events)Click to expand
  1. 2026-06-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-06-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-11-14
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  4. 2024-06-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2023-06-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2022-07-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2021-12-21
    ➕
    MFMAC SECRETARIES LIMITED appointed
    corporate-secretary
  8. 2021-12-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-12-21
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  10. 2021-12-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2021-12-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2021-12-01
    ➖
    LIMMER, Andrew John resigned
    secretary
  13. 2021-12-01
    ➖
    LIMMER, Andrew John resigned
    director
  14. 2021-11-08
    ➕
    BURGESS, Andrew Roy appointed
    director
  15. 2021-10-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2021-10-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2021-09-30
    ➖
    BLUNSUM, Elizabeth resigned
    director
  18. 2021-09-30
    ➕
    LIMMER, Andrew John appointed
    director
  19. 2021-06-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2020-07-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  21. 2019-07-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2019-06-20
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  23. 2019-06-10
    ➕
    LIMMER, Andrew John appointed
    secretary
  24. 2018-11-12
    ➖
    MOORE, Graham John resigned
    secretary
  25. 2018-11-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  26. 2017-10-17
    ➕
    MOORE, Graham John appointed
    secretary
  27. 2016-11-17
    ➖
    BELMONT, David Gresford resigned
    secretary
  28. 2010-02-06
    🔓
    Charge satisfied #9
  29. 2010-02-03
    🔓
    Charge satisfied #8
  30. 2009-09-15
    ➖
    KENNEDY, Joanne Helen resigned
    director
  31. 2009-07-23
    🔒
    Charge registered #10
    Lender: Lloyds Tsb Bank PLC
  32. 2009-05-01
    ➕
    BELMONT, David Gresford appointed
    secretary
  33. 2009-05-01
    ➖
    KENNEDY, Joanne Helen resigned
    secretary
  34. 2008-03-10
    ➕
    KENNEDY, Joanne Helen appointed
    director
  35. 2006-07-27
    ➖
    THOMSON, John resigned
    director
  36. 2005-07-20
    🔓
    Charge satisfied #1
  37. 2005-05-12
    🔓
    Charge satisfied #7
  38. 2004-06-15
    ➕
    BLUNSUM, Elizabeth appointed
    director
  39. 2002-01-25
    ➖
    MERCER, Brian William resigned
    director
  40. 2002-01-25
    ➕
    THOMSON, John appointed
    director
  41. 2002-01-21
    🔒
    Charge registered #9
    Lender: Barclays Bank PLC
  42. 2002-01-21
    🔒
    Charge registered #8
    Lender: Barclays Bank PLC
  43. 2001-02-01
    ➖
    HAMPSHIRE, Andrew resigned
    director
  44. 2001-01-31
    ➕
    KENNEDY, Joanne Helen appointed
    secretary
  45. 2001-01-31
    ➖
    MERCER, Brian William resigned
    secretary
  46. 2001-01-11
    ➖
    PARKIN, Anthony resigned
    director
  47. 2000-12-04
    ➖
    INGHAM, David Arthur resigned
    director
  48. 2000-02-03
    🔓
    Charge satisfied #5
  49. 2000-02-03
    🔓
    Charge satisfied #2
  50. 2000-01-12
    ➖
    HENDERSON, William Shields resigned
    director
Showing most recent 50 of 77 events

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 65 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Lothian Electric Machines No2 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Lothian Electric Machines No2 Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
LOTHIAN ELECTRIC MACHINES LIMITED
This company · SC036737

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Lothian Electric Machines No2 Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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 →

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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
Incorporated1961-08-18
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Hospital Rd
Haddington
East Lothian
EH41 3PD

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-04-02
Last: 2026-03-19

Officers (2 active · 23 resigned)

MFMAC SECRETARIES LIMITED→
corporate-secretary · appointed 2021-12-21
View their other companies + combined net worth →
Active
BURGESS, Andrew Roy→
director · ~56y · appointed 2021-11-08
View their other companies + combined net worth →
Active
BELMONT, David Gresford→
secretary · appointed 2009-05-01 · resigned 2016-11-17
Resigned
HIGGIN, Roy→
secretary · resigned 1997-03-31
Resigned
KENNEDY, Joanne Helen→
secretary · appointed 2001-01-31 · resigned 2009-05-01
Resigned
LIMMER, Andrew John→
secretary · appointed 2019-06-10 · resigned 2021-12-01
Resigned
MERCER, Brian William→
secretary · appointed 1997-06-01 · resigned 2001-01-31
Resigned
MOORE, Graham John→
secretary · appointed 2017-10-17 · resigned 2018-11-12
Resigned
MERCER ASSOCIATES→
corporate-secretary · appointed 1997-04-01 · resigned 1997-05-31
Resigned
BLUNSUM, Elizabeth→
director · ~61y · appointed 2004-06-15 · resigned 2021-09-30
Resigned
CHAPMAN, John Alexander→
director · ~93y · resigned 1995-01-31
Resigned
HAMPSHIRE, Andrew→
director · ~73y · appointed 1997-04-01 · resigned 2001-02-01
Resigned
HENDERSON, William Shields→
director · ~85y · resigned 2000-01-12
Resigned
HIGGIN, Roy→
director · ~91y · resigned 1997-03-31
Resigned
INGHAM, David Arthur→
director · ~77y · appointed 1997-04-01 · resigned 2000-12-04
Resigned
KENNEDY, Joanne Helen→
director · ~62y · appointed 2008-03-10 · resigned 2009-09-15
Resigned
LIMMER, Andrew John→
director · ~45y · appointed 2021-09-30 · resigned 2021-12-01
Resigned
MACLEAN, John Kenneth Lindsay→
director · ~85y · appointed 1997-04-01 · resigned 1999-09-30
Resigned
MARTIN, David Stuart→
director · ~81y · appointed 1999-03-01 · resigned 1999-12-07
Resigned
MCCALLUM, John→
director · ~93y · resigned 1995-09-29
Resigned

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

Mortgages & charges

9
Total charges
1
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Bond & floating charge1 property23/07/2009—
satisfied
Barclays
Barclays Bank PLC
Fixed charge1 property21/01/200206/02/2010
satisfied
Barclays
Barclays Bank PLC
Floating charge1 property21/01/200203/02/2010
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property20/11/198912/05/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property17/05/198403/02/2000
satisfied
Andrew David Michael Ingram and Others
Guarantee and debenture1 property10/05/198331/03/1989
satisfied
Co-Operative Insurance Society
Guarantee and debenture1 property10/05/198328/06/1993
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property27/04/198303/02/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property12/11/197620/07/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (164 total)

accounts-with-accounts-type-full
accounts · AA
2026-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-19
accounts-with-accounts-type-full
accounts · AA
2025-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-25
change-corporate-secretary-company-with-change-date
officers · CH04
2024-11-14
accounts-with-accounts-type-full
accounts · AA
2024-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-full
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-02
accounts-with-accounts-type-full
accounts · AA
2022-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01
termination-director-company-with-name-termination-date
officers · TM01
2021-12-21
appoint-corporate-secretary-company-with-name-date
officers · AP04
2021-12-21
termination-secretary-company-with-name-termination-date
officers · TM02
2021-12-21
appoint-person-director-company-with-name-date
officers · AP01
2021-12-21