ROSS-SHIRE ENGINEERING LIMITED

🌳Matureactive

SC177939 · ltd · incorporated 1997-08-13

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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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 Mar 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Manufacture of metal structures and parts of structures

Sector: Manufacturing

ALSO REGISTERED FOR

28990SIC 28990
33200SIC 33200
43999Other specialised construction activities n.e.c.

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), 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 (65/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 27.6y

35/100

too messy

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

· Oldest live charge is 27.6 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

20 officers (6 active, 20 linked, 18 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

36 connected companies via shared directors

Filing history

161 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Average employees	112700

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

🔒Filing-note intelligence

6 signals 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

filings

Last 90 days

filings

Last 180 days

filings

• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (70 events)Click to expand

2026-01-20
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2025-12-24
📄
accounts-with-accounts-type-group
accounts · AA
2025-04-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-25
🔒
Charge registered #8
Lender: Hsbc UK Bank PLC (As Security Agent)
2025-01-07
📄
accounts-with-accounts-type-group
accounts · AA
2024-06-07
➖
TINNING, Murray John resigned
director
2024-06-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-08
➕
MATHERS, Martin James appointed
director
2024-01-08
➕
SLESSOR, Stephen James appointed
director
2024-01-08
➕
TINNING, Murray John appointed
director
2023-12-27
📄
accounts-with-accounts-type-group
accounts · AA
2023-08-29
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-08-25
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-08-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-23
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-08-23
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-23
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-23
🔓
Charge satisfied #5
2023-08-22
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-18
➖
MACGREGOR, John Angus resigned
director
2023-08-18
📄
memorandum-articles
incorporation · MA
2023-08-18
📄
resolution
resolution · RESOLUTIONS
2023-08-18
🔒
Charge registered #7
Lender: Hsbc UK Bank PLC (As Security Agent)
2023-08-18
🔒
Charge registered #6
Lender: Mml UK Advisor LLP (As Security Trustee)
2023-02-20
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-02-20
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-01-12
📄
accounts-with-accounts-type-group
accounts · AA
2021-10-26
🔓
Charge satisfied #4
2021-10-26
🔓
Charge satisfied #3
2021-10-26
🔓
Charge satisfied #2
2021-10-26
🔓
Charge satisfied #1
2021-10-13
🔒
Charge registered #5
Lender: Hsbc UK Bank PLC
2020-12-22
➕
MCLACHLAN, Steven Robert appointed
director
2020-12-22
➖
MACGREGOR, James Iain resigned
director
2019-02-01
➖
MACDONALD, James Donald resigned
director
2019-02-01
➕
MACGREGOR, John Angus appointed
director
2019-02-01
➖
MACGREGOR, Roderick James resigned
director
2018-05-03
➖
JOHNNSTON, Stuart resigned
director
2016-12-23
➖
GRANT, Gary Gordon resigned
director
2016-08-19
🔒
Charge registered #4
Lender: Bank of Scotland PLC
2016-02-01
➖
RONALDSON, Gordon Ian resigned
director
2015-04-01
➕
JOHNNSTON, Stuart appointed
director
2015-04-01
➕
RONALDSON, Gordon Ian appointed
director
2013-10-11
🔒
Charge registered #3
Lender: Bank of Scotland PLC
2012-02-17
➖
LIVINGSTON, Mark David resigned
director
2012-02-17
➕
MACDONALD, James Donald appointed
director

Showing most recent 50 of 70 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

70/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

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.

Group structure

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

🏛️

Broadway Bidco Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

ROSS-SHIRE ENGINEERING LIMITED

This company · SC177939

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
Broadway Bidco Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	18/08/2023

3 historic (ceased) PSCs

Rse Water Technologies Limitedceased 18/08/2023· 75-100% shares · 75-100% voting · board control
Modutec Holdings Limitedceased 11/10/2022· 75-100% shares
Geg (Process & Equipment) Limitedceased 17/04/2019· 75-100% shares · 75-100% voting · board control · significant influence

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 · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GAEL FORCE GROUP LIMITED→ SC229244 · est 2002	£23.82M £18.53M–£29.11M	—	—	1700	24y	83	62y
GAEL FORCE ENGINEERING LIMITED→ SC394817 · est 2011	£1.26M £977.0k–£1.54M	—	—	4700	15y	82	62y
HENDRY HYDRAULICS LIMITED→ SC059511 · est 1976	£331.6k £257.9k–£405.3k	—	—	91	50y	87	75y
ANTA SCOTLAND LIMITED→ SC156285 · est 1995	—	—	—	30	31y	83	69y
JAMES JOHNSTON & CO. OF ELGIN LIMITED→ SC022553 · est 1943 · no financials extracted	—	—	—	—	82y	83	70y
MUIRTON CONTROL & AUTOMATION LTD→ SC395862 · est 2011	—	—	£418.0k	—	15y	83	58y
MUNRO SAWMILLS LTD.→ SC228923 · est 2002 · no financials extracted	—	—	—	—	24y	83	76y
STRATH PRINT LTD.→ SC205018 · est 2000	—	—	£12.4k	—	26y	83	74y
HIGHLAND BODYSHOP LTD→ SC273214 · est 2004	—	—	£148.5k	—	21y	82	73y
INVERFAB LTD.→ SC223907 · est 2001	—	—	£537.1k	—	24y	82	80y
MACKAY STEELWORK & CLADDING LIMITED→ SC161195 · est 1995	—	—	£3.98M	—	30y	82	58y
MARINE DIESEL SERVICES (SCOTLAND) LTD→ SC172858 · est 1997	—	—	£373.4k	—	29y	82	68y

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

Incorporated1997-08-13

Jurisdictionscotland

Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Muir Of Ord Industrial Estate

Muir Of Ord

Ross-Shire

IV6 7UA

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-08-27

Last: 2025-08-13