ALFRED CHEYNE ENGINEERING LIMITED
🌳Matureactive
SC168176 · ltd · incorporated 1996-09-10
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
What this business does
Primary activity: SIC 28220
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).
🏦
Refinance opportunity
17 live charges · 9 lenders · oldest 28.5y
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 28.5 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: medium (60/100)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
17 charges (17/17 with lender, 17/17 with type)
90
Directors & officers
17 officers (3 active, 17 linked, 14 with DOB)
86
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
167 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
50
Some acquirability indicators.
Risk profile
77
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
1
filing
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (85 events)Click to expand
- 2025-10-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-24🔓Charge satisfied #17
- 2025-10-01📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-10-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-08🔒Charge registered #19Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Trustee for Itself and the Other Secured Parties)
- 2024-07-16📄accounts-with-accounts-type-fullaccounts · AA
- 2024-02-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-19🔒Charge registered #18Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent)
- 2024-01-11📄memorandum-articlesincorporation · MA
- 2024-01-11📄resolutionresolution · RESOLUTIONS
- 2023-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-12-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-05📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-12-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-05📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-12-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-12-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-04🔓Charge satisfied #15
- 2023-12-04🔓Charge satisfied #16
- 2023-11-30➕STEWART, Ingrid appointedsecretary
- 2023-11-30➕PIRIE, Allan William appointeddirector
- 2023-11-30➕STEWART, Ingrid appointeddirector
- 2023-11-30➖CHEYNE, Valerie resignedsecretary
- 2023-11-30➖CHEYNE, Alfred George resigneddirector
- 2023-11-30➖CHEYNE, Valerie resigneddirector
- 2023-08-16📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-10📄accounts-with-accounts-type-fullaccounts · AA
- 2022-02-24🔒Charge registered #17Lender: The Royal Bank of Scotland PLC
- 2021-11-12🔒Charge registered #15Lender: Tc Security Trustee Limited (As Security Trustee)
- 2021-11-11🔓Charge satisfied #14
- 2021-11-11🔓Charge satisfied #13
- 2021-11-10➖BINNIE, Kevin Wood resigneddirector
- 2021-11-10➖FISHER, George Willox resigneddirector
- 2021-11-10➖GERRARD, Gary James resigneddirector
- 2021-11-10➖MAIN, William Edwards resigneddirector
- 2021-11-10➖MILNE, James Smith resigneddirector
- 2021-11-10🔒Charge registered #16Lender: Tc Security Trustee Limited (As Security Trustee)
- 2020-01-27➕BINNIE, Kevin Wood appointeddirector
- 2020-01-27➕GERRARD, Gary James appointeddirector
- 2019-09-27➖MCLARDY, Kevin George resigneddirector
- 2019-08-20➕FISHER, George Willox appointeddirector
- 2018-07-27➖WILSON, Richard Alexander resigneddirector
- 2017-09-22🔓Charge satisfied #12
- 2017-09-22🔓Charge satisfied #11
- 2017-09-22🔓Charge satisfied #10
Showing most recent 50 of 85 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- 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
Ashtead Technology Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ashtead Technology Limited
Corporate parent · holds 75-100% shares · board control
⬇
ALFRED CHEYNE ENGINEERING LIMITED
This company · SC168176
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 |
|---|---|---|---|---|
Ashtead Technology Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 26/09/2024 |
4 historic (ceased) PSCs
- Rathmay Limitedceased 26/09/2024· 75-100% shares · 75-100% voting · board control
- Balmoral Group Holdings Limitedceased 10/11/2021· 50-75% shares · 50-75% voting · board control
- Mr Alfred George Cheyneceased 10/11/2021· 25-50% shares · 25-50% voting
- Mrs Valerie Cheyneceased 10/11/2021· 25-50% shares · 25-50% voting
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
Active · Manufacturing · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AJA WELDING SERVICES LTD→ SC751535 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AK5LECTRICAL LTD→ SC746674 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALBA GASKETS LIMITED→ SC324543 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ALCELI LIMITED→ SC535051 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ALTA SERVICES LTD→ SC655593 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ALTRAD INTEGRITY SERVICES LIMITED→ SC161193 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| ALTUS INTERVENTION (ME) LIMITED→ SC483831 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AMPLUS ENERGY SERVICES LIMITED→ SC344539 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| AMSP LIMITED→ SC818194 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AMT TECHNICAL SERVICES LTD→ SC773660 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AMTEQ E & I SERVICES LIMITED→ SC294077 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ANALYSIS LOGIC LIMITED→ SC482412 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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
Incorporated1996-09-10
Jurisdictionscotland
Primary SIC28220 — SIC 28220
Registered office
Ashtead House Discovery Drive
Arnhall Business Park
Westhill
AB32 6FG
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-24
Last: 2025-09-10
Officers (3 active · 14 resigned)
Active
PIRIE, Allan William→
Activedirector · ~53y · appointed 2023-11-30
View their other companies + combined net worth →
STEWART, Ingrid→
Activedirector · ~52y · appointed 2023-11-30
View their other companies + combined net worth →
CHEYNE, Valerie→
Resignedsecretary · appointed 1996-10-08 · resigned 2023-11-30
REID, Brian→
Resignednominee-secretary · appointed 1996-09-10 · resigned 1996-09-10
ACTON, David→
Resigneddirector · ~47y · appointed 2003-07-02 · resigned 2005-04-11
BINNIE, Kevin Wood→
Resigneddirector · ~52y · appointed 2020-01-27 · resigned 2021-11-10
CHEYNE, Alfred George→
Resigneddirector · ~62y · appointed 1996-10-08 · resigned 2023-11-30
CHEYNE, Valerie→
Resigneddirector · ~62y · appointed 1996-10-08 · resigned 2023-11-30
FISHER, George Willox→
Resigneddirector · ~61y · appointed 2019-08-20 · resigned 2021-11-10
GERRARD, Gary James→
Resigneddirector · ~61y · appointed 2020-01-27 · resigned 2021-11-10
GREGG, James→
Resigneddirector · ~47y · appointed 2003-07-02 · resigned 2007-10-31
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1996-09-10 · resigned 1996-09-10
MAIN, William Edwards→
Resigneddirector · ~68y · appointed 2017-09-14 · resigned 2021-11-10
MCLARDY, Kevin George→
Resigneddirector · ~60y · appointed 2017-09-14 · resigned 2019-09-27
MILNE, James Smith→
Resigneddirector · ~86y · appointed 2017-09-14 · resigned 2021-11-10
WILSON, Richard Alexander→
Resigneddirector · ~61y · appointed 2017-09-14 · resigned 2018-07-27
Click a director name to see their full track record across all companies.
Mortgages & charges
17
Total charges
2
Outstanding
1
Active lenders
Status:Lender:17 of 17 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Trustee for Itself and the Other Secured Parties) | A registered charge | — | 08/10/2024 | — | |
| outstanding | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 19/02/2024 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 24/02/2022 | 24/10/2025 | |
| satisfied | Tc Security Trustee (As Security Trustee) Tc Security Trustee Limited (As Security Trustee) | A registered charge | 5 properties | 12/11/2021 | 04/12/2023 | |
| satisfied | Tc Security Trustee (As Security Trustee) Tc Security Trustee Limited (As Security Trustee) | A registered charge | 1 property | 10/11/2021 | 04/12/2023 | |
| satisfied | Balmoral Group Holdings Balmoral Group Holdings Limited | A registered charge | 1 property | 18/09/2017 | 11/11/2021 | |
| satisfied | Balmoral Group Holdings Balmoral Group Holdings Limited | A registered charge | — | 14/09/2017 | 11/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 20/05/2016 | 22/09/2017 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 13/08/2015 | 22/09/2017 | |
| satisfied | HSBC Hsbc Bank PLC | Standard security | 1 property | 13/03/2013 | 22/09/2017 | |
| satisfied | HSBC Hsbc Bank PLC | Floating charge | 1 property | 28/05/2012 | 22/09/2017 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 29/08/2008 | 29/06/2012 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 29/08/2008 | 29/06/2012 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 04/08/2000 | 26/05/2012 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 29/06/2000 | 29/06/2012 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 30/10/1997 | 26/05/2012 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 30/10/1997 | 03/11/2008 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (167 total)
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-24
accounts-with-accounts-type-full
accounts · AA
2025-10-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-10-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-16
accounts-with-accounts-type-full
accounts · AA
2024-07-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-22
memorandum-articles
incorporation · MA
2024-01-11
resolution
resolution · RESOLUTIONS
2024-01-11
termination-director-company-with-name-termination-date
officers · TM01
2023-12-05
termination-director-company-with-name-termination-date
officers · TM01
2023-12-05
termination-secretary-company-with-name-termination-date
officers · TM02
2023-12-05
appoint-person-director-company-with-name-date
officers · AP01
2023-12-05