MCLAGGAN SMITH MUGS LIMITED
🌳Matureactive
SC108315 · ltd · incorporated 1987-12-16
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 Dec 2024
Net worth
£951.6k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 78/100 (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 (73/100).
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 37.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 37.9 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (82/100)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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
13 officers (2 active, 13 linked, 11 with DOB)
87
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
146 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
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £951,585
Cash draining
Cash down 49% YoY
Cash YoY
-49%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£41k
↓ 49% YoY
Net Worth
£952k
↑ 18% YoY
Current Assets
£1.5m
↑ 3.4% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £1.06M | £999.2k |
| Current assets | £1.49M | £1.44M |
| Cash | £40.5k | £79.7k |
| Debtors | £1.20M | £1.11M |
| Net assets | £951.6k | £807.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (52 events)Click to expand
- 2025-10-10📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-10-10📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-10-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-03🔓Charge satisfied #5
- 2025-10-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-01🔒Charge registered #7Lender: Foresight Fund Managers Limited (As Security Trustee)
- 2025-10-01🔒Charge registered #6Lender: Hsbc UK Bank PLC
- 2025-09-30📄statement-of-companys-objectschange-of-constitution · CC04
- 2025-09-30📄resolutionresolution · RESOLUTIONS
- 2025-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-03-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-25➕GIBSON, Campbell Alexander appointeddirector
- 2025-03-25➖MACLEOD, Alan Neil resigneddirector
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-15➕MACLEOD, Alan Neil appointeddirector
- 2023-12-15➖POWELL, Shauna Margaret resigneddirector
- 2023-10-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-02➕MITCHELL, Keith Lewis appointeddirector
- 2021-03-02➖THOMSON, Polly Louise resignedsecretary
- 2021-03-02➖HARLEY, Maisie resigneddirector
- 2021-03-02➕POWELL, Shauna Margaret appointeddirector
- 2021-03-02➖THOMSON, Polly Louise resigneddirector
- 2021-03-02➖THOMSON, Teddy resigneddirector
- 2021-03-02🔒Charge registered #5Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2021-02-22🔓Charge satisfied #4
- 2021-02-22🔓Charge satisfied #2
- 2020-07-31➖SMITH, Mary Camille resigneddirector
- 2020-07-20➕HARLEY, Maisie appointeddirector
- 2020-07-20➕THOMSON, Teddy appointeddirector
- 2017-04-04➖SMITH, Susan Jane resigneddirector
- 2002-01-03➕SMITH, Susan Jane appointeddirector
- 2001-12-20➖SMITH, Susan Jane resigneddirector
- 2001-12-20➖SMITH, William Stuart Mclaggan resigneddirector
- 1996-04-01➕SMITH, Susan Jane appointeddirector
- 1995-06-21➖SMITH, William Stuart Mclaggan resignedsecretary
- 1995-06-21➕THOMSON, Polly Louise appointedsecretary
- 1993-01-01➕THOMSON, Polly Louise appointeddirector
- 1991-07-01🔒Charge registered #4Lender: Clydesdale Bank Public Limited Company
- 1991-06-10🔓Charge satisfied #1
- 1989-09-27🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
Showing most recent 50 of 52 events
Owner dependency
66/100
High — earn-out structure requiredMaterial 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 64 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Malaga Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Malaga Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
MCLAGGAN SMITH MUGS LIMITED
This company · SC108315
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Malaga Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/10/2025 |
4 historic (ceased) PSCs
- N4 Investments (Subsidiary) Ltdceased 01/10/2025· 75-100% shares · 75-100% voting · board control
- Mclaggan Smith Group Limitedceased 29/09/2025· 75-100% shares · 75-100% voting · board control
- Ms Polly Louise Thomsonceased 02/03/2021· board control · significant influence · firm interest
- Mrs Mary Camille Smithceased 31/07/2020· board control · significant influence · firm 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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 4LS VENTURES LTD→ SC874989 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| A.L.S. (SCOTLAND) LTD→ SC555932 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AFXX LTD→ SC465499 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ALEEZLIAQAT LTD→ SC875558 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ALL INSPECTIONS LTD→ SC736902 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALL TERRAIN ALL ELECTRIC LTD→ SC635202 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ALLIED VEHICLES LIMITED→ SC147093 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| ALLSTAR JOINERY LTD→ SC361612 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ALLURE HOME IMPROVEMENTS LTD→ SC702674 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ALPRESS HYDRAULIC SERVICES LTD.→ SC389888 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ALTERATIONS BY JILLIAN LTD→ SC772713 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AMBERFORTH LIMITED→ SC151217 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
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
Incorporated1987-12-16
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
4 Jamestown Industrial Estate
Alexandria
Dumbartonshire
G83 8BS
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-09
Last: 2026-03-26
Officers (2 active · 11 resigned)
GIBSON, Campbell Alexander→
Activedirector · ~28y · appointed 2025-03-25
View their other companies + combined net worth →
MITCHELL, Keith Lewis→
Activedirector · ~64y · appointed 2021-03-02
View their other companies + combined net worth →
SMITH, William Stuart Mclaggan→
Resignedsecretary · resigned 1995-06-21
THOMSON, Polly Louise→
Resignedsecretary · appointed 1995-06-21 · resigned 2021-03-02
HARLEY, Maisie→
Resigneddirector · ~28y · appointed 2020-07-20 · resigned 2021-03-02
MACLEOD, Alan Neil→
Resigneddirector · ~47y · appointed 2023-12-15 · resigned 2025-03-25
POWELL, Shauna Margaret→
Resigneddirector · ~52y · appointed 2021-03-02 · resigned 2023-12-15
SMITH, Mary Camille→
Resigneddirector · ~88y · resigned 2020-07-31
SMITH, Susan Jane→
Resigneddirector · ~63y · appointed 2002-01-03 · resigned 2017-04-04
SMITH, Susan Jane→
Resigneddirector · ~63y · appointed 1996-04-01 · resigned 2001-12-20
SMITH, William Stuart Mclaggan→
Resigneddirector · ~91y · resigned 2001-12-20
THOMSON, Polly Louise→
Resigneddirector · ~61y · appointed 1993-01-01 · resigned 2021-03-02
THOMSON, Teddy→
Resigneddirector · ~23y · appointed 2020-07-20 · resigned 2021-03-02
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
2
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Foresight Fund Managers (As Security Trustee) Foresight Fund Managers Limited (As Security Trustee) | A registered charge | — | 01/10/2025 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 01/10/2025 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 02/03/2021 | 03/10/2025 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 01/07/1991 | 22/02/2021 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 27/09/1989 | 22/02/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 02/06/1988 | 10/06/1991 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (146 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-26
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-10-10
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-10-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-03
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-02
statement-of-companys-objects
change-of-constitution · CC04
2025-09-30
resolution
resolution · RESOLUTIONS
2025-09-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
appoint-person-director-company-with-name-date
officers · AP01
2025-03-26