MARAEN FABRICATION LIMITED

🌳Matureactive
SC106415 · ltd · incorporated 1987-09-02
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
—
not disclosed
Net worth
—
book net assets
Opportunity
72/100
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 acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

12 live charges · 7 lenders · oldest 38.2y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 38.2 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 53/100 (high).

Data confidence

Overall: medium (58/100)

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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
15 officers (2 active, 15 linked, 10 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
208 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
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
58
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • • 1 persons-with-significant-control
  • • 1 change-of-name
Last 180 days
4
filings
  • • 1 persons-with-significant-control
  • • 1 change-of-name
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (70 events)Click to expand
  1. 2026-03-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  2. 2026-03-23
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2026-01-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-01-20
    🔒
    Charge registered #13
    Lender: Bank of Scotland PLC
  5. 2026-01-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2025-10-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-10-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2025-10-14
    🔓
    Charge satisfied #12
  9. 2025-10-14
    🔓
    Charge satisfied #4
  10. 2025-09-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2025-09-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2025-09-10
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2025-08-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  14. 2025-08-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2025-08-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2025-08-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2025-08-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2025-08-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2025-07-31
    ➕
    HAYAKAWA, Yoshihiro appointed
    director
  20. 2025-07-31
    ➕
    SOEDA, Kohei appointed
    director
  21. 2025-07-31
    ➖
    MACDONALD, James resigned
    secretary
  22. 2025-07-31
    ➖
    FARMER, Gordon James resigned
    director
  23. 2025-07-31
    ➖
    MACDONALD, James Donald resigned
    director
  24. 2025-07-31
    ➖
    MACGREGOR, Roy James resigned
    director
  25. 2025-07-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  26. 2025-07-28
    🔓
    Charge satisfied #11
  27. 2025-07-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  28. 2025-07-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  29. 2025-03-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  30. 2025-03-17
    🔓
    Charge satisfied #8
  31. 2025-01-04
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  32. 2025-01-04
    📄
    legacy
    accounts · PARENT_ACC
  33. 2025-01-04
    📄
    legacy
    other · AGREEMENT2
  34. 2025-01-04
    📄
    legacy
    other · GUARANTEE2
  35. 2022-06-06
    🔒
    Charge registered #12
    Lender: Bank of Scotland PLC (SC327000)
  36. 2021-11-09
    🔓
    Charge satisfied #10
  37. 2021-11-09
    🔓
    Charge satisfied #2
  38. 2021-11-09
    🔓
    Charge satisfied #1
  39. 2021-10-26
    🔒
    Charge registered #11
    Lender: Bank of Scotland PLC (SC327000) as Security Trustee
  40. 2019-02-01
    ➕
    FARMER, Gordon James appointed
    director
  41. 2017-08-18
    🔓
    Charge satisfied #9
  42. 2013-11-04
    🔒
    Charge registered #10
    Lender: Bank of Scotland PLC
  43. 2012-09-27
    ➕
    MACDONALD, James appointed
    secretary
  44. 2012-09-27
    ➖
    MAIR, Alexander Bruce resigned
    secretary
  45. 2012-09-27
    ➖
    MAIR, Alexander Bruce resigned
    director
  46. 2011-11-04
    ➕
    MACDONALD, James Donald appointed
    director
  47. 2011-06-02
    🔒
    Charge registered #9
    Lender: Bank of Scotland PLC
  48. 2009-12-02
    ➖
    KYDD, Michael Burns resigned
    director
  49. 2006-11-30
    ➕
    MAIR, Alexander Bruce appointed
    secretary
  50. 2006-11-30
    ➖
    PHILLIPS, Timothy Richard Harvey resigned
    secretary
Showing most recent 50 of 70 events

Owner dependency

66/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

3 med · 1 low
4 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MACDONALD, James resigned 2025-07-31; FARMER, Gordon James resigned 2025-07-31; MACDONALD, James Donald resigned 2025-07-31

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.

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-03-23: certificate-change-of-name-company

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

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

🏛️
Maraen Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
MARAEN FABRICATION LIMITED
This company · SC106415

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
Maraen Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control23/07/2025
1 historic (ceased) PSC
  • Global Energy Fabrication Limitedceased 23/07/2025· 75-100% shares · 75-100% voting · board control

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
Incorporated1987-09-02
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Port Of Nigg
Ross-Shire
Scotland
IV19 1QU

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-29
Last: 2025-06-15

Officers (2 active · 13 resigned)

HAYAKAWA, Yoshihiro→
director · ~59y · appointed 2025-07-31
View their other companies + combined net worth →
Active
SOEDA, Kohei→
director · ~41y · appointed 2025-07-31
View their other companies + combined net worth →
Active
MACDONALD, James→
secretary · appointed 2012-09-27 · resigned 2025-07-31
Resigned
MAIR, Alexander Bruce→
secretary · appointed 2006-11-30 · resigned 2012-09-27
Resigned
PHILLIPS, Timothy Richard Harvey→
secretary · appointed 1995-11-29 · resigned 2006-11-30
Resigned
YORK, John Stephen→
secretary · appointed 1990-11-28 · resigned 1995-11-29
Resigned
LEDINGHAM CHALMERS→
corporate-nominee-secretary · resigned 1990-11-28
Resigned
CHRISTIE, Angus Stewart→
director · ~83y · resigned 1998-10-30
Resigned
FARMER, Gordon James→
director · ~45y · appointed 2019-02-01 · resigned 2025-07-31
Resigned
KYDD, Michael Burns→
director · ~76y · resigned 2009-12-02
Resigned
MACDONALD, James Donald→
director · ~62y · appointed 2011-11-04 · resigned 2025-07-31
Resigned
MACGREGOR, Roy James→
director · ~74y · appointed 2006-11-30 · resigned 2025-07-31
Resigned
MACKAY, William Graham→
director · ~86y · resigned 1997-10-24
Resigned
MAIR, Alexander Bruce→
director · ~71y · appointed 2006-11-30 · resigned 2012-09-27
Resigned
YORK, John Stephen→
director · ~80y · resigned 2006-11-30
Resigned

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

Mortgages & charges

12
Total charges
1
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—20/01/2026—
satisfied
Lloyds Banking Group
Bank of Scotland PLC (SC327000)
A registered charge1 property06/06/202214/10/2025
satisfied
Lloyds Banking Group
Bank of Scotland PLC (SC327000) as Security Trustee
A registered charge—26/10/202128/07/2025
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property04/11/201309/11/2021
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property02/06/201118/08/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property24/07/200317/03/2025
satisfied
Ross & Cromarty Enterprise
Ross & Cromarty Enterprise Limited
Floating charge1 property17/02/199406/04/2000
satisfied
Highland Prospect
Highland Prospect Limited
Standard security1 property02/02/199310/02/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property17/08/199214/10/2025
satisfied
Highlands and Islands Development Board
Floating charge1 property04/10/198906/04/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property28/01/198809/11/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property28/01/198809/11/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (208 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-03-23
certificate-change-of-name-company
change-of-name · CERTNM
2026-03-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-23
accounts-with-accounts-type-full
accounts · AA
2026-01-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-29
termination-secretary-company-with-name-termination-date
officers · TM02
2025-09-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-08-29
termination-director-company-with-name-termination-date
officers · TM01
2025-08-01
termination-director-company-with-name-termination-date
officers · TM01
2025-08-01
termination-director-company-with-name-termination-date
officers · TM01
2025-08-01
appoint-person-director-company-with-name-date
officers · AP01
2025-08-01
appoint-person-director-company-with-name-date
officers · AP01
2025-08-01