GARTSHERRIE ENGINEERING LIMITED

🌳Matureactive
SC070137 · ltd · incorporated 1979-12-03
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 39.4y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

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
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 39.4y

65/100
clean up first

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

  • · Oldest live charge is 39.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
15 officers (4 active, 15 linked, 11 with DOB)
85
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
123 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-07-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-01-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2024-12-31
    ➖
    SPENCE, Colin resigned
    director
  4. 2024-07-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2023-07-21
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2022-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2022-09-07
    ➖
    PATERSON, William resigned
    director
  8. 2022-07-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2021-08-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2020-12-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2019-07-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2018-07-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2017-08-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  14. 2017-08-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2017-08-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2017-08-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2017-07-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2015-08-14
    ➕
    SPENCE, Colin appointed
    director
  19. 2013-12-20
    ➖
    MCEVOY, Alexander resigned
    director
  20. 2011-06-01
    ➕
    STICKLER, James Andrew appointed
    secretary
  21. 2011-06-01
    ➕
    STICKLER, James Andrew appointed
    director
  22. 2010-08-31
    ➖
    BOWIE, Allan resigned
    secretary
  23. 2010-08-31
    ➖
    BOWIE, Allan Russell resigned
    director
  24. 2008-11-25
    ➕
    BOWIE, Allan appointed
    secretary
  25. 2008-11-25
    ➖
    RICHARDSON, James resigned
    secretary
  26. 2008-11-25
    ➖
    RICHARDSON, James resigned
    director
  27. 2008-04-01
    ➕
    BOWIE, Allan Russell appointed
    director
  28. 2006-05-01
    ➕
    PATERSON, Thomas Main appointed
    director
  29. 1998-05-08
    ➕
    GALL, Lorna Menzies Paterson, Dr appointed
    director
  30. 1998-05-08
    ➕
    MCEVOY, Alexander appointed
    director
  31. 1995-08-25
    ➖
    LEE, Andrew Davidson resigned
    director
  32. 1994-04-05
    ➕
    LEE, Andrew Davidson appointed
    director
  33. 1994-02-28
    ➖
    SHANKS, James resigned
    director
  34. 1994-02-09
    ➖
    SHANKS, John resigned
    director
  35. 1990-05-09
    ➖
    PATERSON, Thomas Menzies resigned
    director
  36. 1986-12-22
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  37. 1979-12-03
    🏢
    Company incorporated
    As GARTSHERRIE ENGINEERING LIMITED

Owner dependency

60/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 46 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

Patersons Quarries Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Patersons Quarries Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
GARTSHERRIE ENGINEERING LIMITED
This company · SC070137

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
Patersons Quarries Limited
Corporate entity
75–100%
—75-100% shares06/04/2016
3 historic (ceased) PSCs
  • Mr William Patersonceased 06/04/2016· 50-75% shares · trust interest
  • Mr Thomas Duncan Andersonceased 06/04/2016· 50-75% shares · trust interest
  • Mr James Richardsonceased 06/04/2016· 50-75% shares · trust interest

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

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
Incorporated1979-12-03
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Gartsherrie Road
Coatbridge
ML5 2EU

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-08-22
Last: 2025-08-08

Officers (4 active · 11 resigned)

STICKLER, James Andrew→
secretary · appointed 2011-06-01
View their other companies + combined net worth →
Active
GALL, Lorna Menzies Paterson, Dr→
director · ~56y · appointed 1998-05-08
View their other companies + combined net worth →
Active
PATERSON, Thomas Main→
director · ~54y · appointed 2006-05-01
View their other companies + combined net worth →
Active
STICKLER, James Andrew→
director · ~54y · appointed 2011-06-01
View their other companies + combined net worth →
Active
BOWIE, Allan→
secretary · appointed 2008-11-25 · resigned 2010-08-31
Resigned
RICHARDSON, James→
secretary · resigned 2008-11-25
Resigned
BOWIE, Allan Russell→
director · ~62y · appointed 2008-04-01 · resigned 2010-08-31
Resigned
LEE, Andrew Davidson→
director · ~82y · appointed 1994-04-05 · resigned 1995-08-25
Resigned
MCEVOY, Alexander→
director · ~75y · appointed 1998-05-08 · resigned 2013-12-20
Resigned
PATERSON, Thomas Menzies→
director · resigned 1990-05-09
Resigned
PATERSON, William→
director · ~81y · resigned 2022-09-07
Resigned
RICHARDSON, James→
director · ~79y · resigned 2008-11-25
Resigned
SHANKS, James→
director · ~89y · resigned 1994-02-28
Resigned
SHANKS, John→
director · ~67y · resigned 1994-02-09
Resigned
SPENCE, Colin→
director · ~57y · appointed 2015-08-14 · resigned 2024-12-31
Resigned

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
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property22/12/1986—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (123 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-11
accounts-with-accounts-type-full
accounts · AA
2025-07-28
termination-director-company-with-name-termination-date
officers · TM01
2025-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-09
accounts-with-accounts-type-full
accounts · AA
2024-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-08
accounts-with-accounts-type-small
accounts · AA
2023-07-21
termination-director-company-with-name-termination-date
officers · TM01
2022-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-09
accounts-with-accounts-type-small
accounts · AA
2022-07-05
accounts-with-accounts-type-full
accounts · AA
2021-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-12
accounts-with-accounts-type-full
accounts · AA
2020-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-08