LITE ENGINEERING AND TOOL COMPANY LIMITED

💤Zombieactive
SC104690 · ltd · incorporated 1987-05-15
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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
—
year to Apr 2025
Net worth
£67.5k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. 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. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 38.9y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 38.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (69/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
99 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
85
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 £67,541
Net assets shrinking
Down £281 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£68k
~ YoY
Current Assets
£36k
↓ 29% YoY
Current Liabilities
—
£0£14k£27k£41k£54k£68kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£69.5k£71.7k
Current assets£36.4k£51.1k
Net assets£67.5k£67.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 officers
Last 180 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-20
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  2. 2026-03-20
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  3. 2026-03-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-03-11
    ➖
    MCPAUL, James Anthony resigned
    director
  5. 2025-05-22
    ➕
    MCPAUL, Alan James appointed
    director
  6. 2025-05-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2025-05-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-05-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-07-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-12-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-06-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2004-07-02
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  19. 1990-02-09
    🔒
    Charge registered #2
    Lender: Scottish Development Agency
  20. 1987-06-19
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  21. 1987-05-15
    🏢
    Company incorporated
    As LITE ENGINEERING AND TOOL COMPANY LIMITED

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

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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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.

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Company details

Statusactive
Typeltd
Incorporated1987-05-15
Jurisdictionscotland
Primary SIC25990 — SIC 25990

Registered office

Lite Engineering & Tool Co Ltd
Lorne Road
Larbert
FK5 4AT
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-07-30
Last: 2025-07-16

Officers (2 active · 1 resigned)

MCPAUL, Agnes→
secretary
View their other companies + combined net worth →
Active
MCPAUL, Alan James→
director · ~50y · appointed 2025-05-22
View their other companies + combined net worth →
Active
MCPAUL, James Anthony→
director · ~78y · resigned 2026-03-11
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property02/07/2004—
outstanding
Scottish Development Agency
Standard security1 property09/02/1990—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property19/06/1987—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (99 total)

notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2026-03-20
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2026-03-20
termination-director-company-with-name-termination-date
officers · TM01
2026-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-22
appoint-person-director-company-with-name-date
officers · AP01
2025-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-16