GILLRICK METALWORK LIMITED

🌳Matureactive
SC079479 · ltd · incorporated 1982-07-12
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£689.2k
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
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 73). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 4 lenders · oldest 43.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 43.3 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

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
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
109 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £689,151
Cash YoY
+15%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£526k
↑ 15% YoY
Net Worth
£689k
↑ 11% YoY
Current Assets
£998k
↑ 24% YoY
Current Liabilities
—
£0£200k£399k£599k£798k£998kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£712.7k£643.4k
Current assets£997.8k£806.7k
Cash£526.4k£455.9k
Debtors£423.7k£318.8k
Net assets£689.2k£619.9k

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-12-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-10-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-04-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2021-07-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-04-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2021-04-16
    ➖
    GRAY, Ian Anderson resigned
    director
  9. 2020-12-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2020-06-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-07-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2017-07-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2016-07-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-05-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-07-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-06-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2015-06-12
    ➕
    MCCRACKEN, Gareth Robert appointed
    director
  19. 2015-06-12
    ➖
    ENGLISH, John Matthew Kimmins resigned
    director
  20. 2014-06-25
    🔒
    Charge registered #8
    Lender: Clydesdale Bank PLC
  21. 2005-04-01
    ➕
    ENGLISH, John Matthew Kimmins appointed
    director
  22. 2005-03-30
    ➖
    STEWART, Gordon Mcgregor resigned
    director
  23. 1998-04-29
    🔓
    Charge satisfied #4
  24. 1997-12-08
    🔓
    Charge satisfied #2
  25. 1994-06-01
    🔒
    Charge registered #7
    Lender: British Steel (Industry) Limited
  26. 1994-06-01
    🔒
    Charge registered #6
    Lender: Clydesdale Bank Public Limited Company
  27. 1994-06-01
    🔒
    Charge registered #4
    Lender: Lanarkshire Development Agency
  28. 1994-05-13
    🔒
    Charge registered #3
    Lender: Lanarkshire Development Agency
  29. 1994-05-13
    🔒
    Charge registered #2
    Lender: British Steel (Industry) Limited
  30. 1993-04-12
    ➕
    STEWART, Gordon Mcgregor appointed
    director
  31. 1992-03-31
    ➕
    MCCRACKEN, Gordon Clark appointed
    secretary
  32. 1992-03-31
    ➖
    GILLESPIE, Andrew resigned
    secretary
  33. 1992-03-31
    ➖
    ELRICK, Robert resigned
    director
  34. 1992-03-31
    ➖
    GILLESPIE, Andrew resigned
    director
  35. 1990-08-01
    ➕
    MCCRACKEN, Gordon Clark appointed
    director
  36. 1990-08-01
    ➕
    GRAY, Ian Anderson appointed
    director
  37. 1983-01-19
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  38. 1982-07-12
    🏢
    Company incorporated
    As GILLRICK METALWORK LIMITED

Owner dependency

91/100
Critical — business is the founder

The 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.
  • +Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 44 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

1 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Gordon Clark Mccracken
Individual · British · DOB 05/1953 · age 73
50–75%
—50-75% shares06/04/2016
1 historic (ceased) PSC
  • Mr Ian Anderson Grayceased 02/04/2021· 25-50% shares

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

8 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
Incorporated1982-07-12
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Block 8 Units 1 & 2 Chapelhall Industrial Estate
Chapelhall
Airdrie
ML6 8QH
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-25
Last: 2025-04-11

Officers (3 active · 6 resigned)

MCCRACKEN, Gordon Clark→
secretary · appointed 1992-03-31
View their other companies + combined net worth →
Active
MCCRACKEN, Gareth Robert→
director · ~50y · appointed 2015-06-12
View their other companies + combined net worth →
Active
MCCRACKEN, Gordon Clark→
director · ~73y · appointed 1990-08-01
View their other companies + combined net worth →
Active
GILLESPIE, Andrew→
secretary · resigned 1992-03-31
Resigned
ELRICK, Robert→
director · ~98y · resigned 1992-03-31
Resigned
ENGLISH, John Matthew Kimmins→
director · ~69y · appointed 2005-04-01 · resigned 2015-06-12
Resigned
GILLESPIE, Andrew→
director · ~98y · resigned 1992-03-31
Resigned
GRAY, Ian Anderson→
director · ~73y · appointed 1990-08-01 · resigned 2021-04-16
Resigned
STEWART, Gordon Mcgregor→
director · ~82y · appointed 1993-04-12 · resigned 2005-03-30
Resigned

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

Mortgages & charges

7
Total charges
5
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—25/06/2014—
outstanding
British Steel (Industry)
British Steel (Industry) Limited
Standard security1 property01/06/1994—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property01/06/1994—
satisfied
Lanarkshire Development Agency
Standard security1 property01/06/199429/04/1998
outstanding
Lanarkshire Development Agency
Bond & floating charge1 property13/05/1994—
satisfied
British Steel (Industry)
British Steel (Industry) Limited
Bond & floating charge1 property13/05/199408/12/1997
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property19/01/1983—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (109 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-10-11
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-04-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-28
termination-director-company-with-name-termination-date
officers · TM01
2021-04-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-16