WELLAHEAD ENGINEERING LIMITED
- 28990SIC 28990
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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 28.0y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 28.0 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Cash | £1.08M | — |
| Net assets | £2.02M | — |
| Average employees | — | 1700 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
- • 1 confirmation-statement
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
- • 1 officers
Corporate timeline (43 events)Click to expand
- 2026-01-27📄accounts-with-accounts-type-fullaccounts · AA
- 2026-01-06📄replacement-filing-of-director-appointment-with-nameofficers · RP01AP01
- 2025-10-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-10➕DONOVAN, Kieran appointeddirector
- 2025-10-10➕ZUCKER, Alastair James appointeddirector
- 2025-10-10➖ABDULLAH, Mohd Abdul Karim Bin resigneddirector
- 2025-10-10➖QURESHI, Azhar Majid resigneddirector
- 2025-10-10🔒Charge registered #4Lender: Ultimate Finance LTD
- 2025-10-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-07🔓Charge satisfied #3
- 2025-10-07🔓Charge satisfied #2
- 2025-02-25📄accounts-with-accounts-type-smallaccounts · AA
- 2024-06-25📄accounts-with-accounts-type-fullaccounts · AA
- 2022-10-21📄accounts-with-accounts-type-fullaccounts · AA
- 2021-11-04📄accounts-with-accounts-type-fullaccounts · AA
- 2021-08-04📄change-account-reference-date-companyaccounts · AA01
- 2021-01-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-01-14📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2020-10-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-06-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-06-04➕ABDULLAH, Mohd Abdul Karim Bin appointeddirector
- 2020-06-04➕QURESHI, Azhar Majid appointeddirector
- 2014-12-01🔒Charge registered #3Lender: Clydesdale Bank PLC
- 2008-03-31➕JAMES AND GEORGE COLLIE LLP appointedcorporate-secretary
- 2008-03-31➖COUTTS, Michael John resignedsecretary
- 2008-03-31➖PEAL, Maurice James resigneddirector
- 2003-05-13🔓Charge satisfied #1
- 2002-12-09🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1998-04-16🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1998-02-23➕COUTTS, Michael John appointeddirector
- 1998-02-23➕COUTTS, Michael John appointedsecretary
- 1998-02-23➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1998-02-23➕PEAL, Maurice James appointeddirector
- 1998-02-23➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 1998-02-02🏢Company incorporatedAs WELLAHEAD ENGINEERING LIMITED
- 1998-02-02➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1998-02-02➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primary20+ year tenure: Director in role 28 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
2 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: ABDULLAH, Mohd Abdul Karim Bin resigned 2025-10-10; QURESHI, Azhar Majid resigned 2025-10-10
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Wellahead Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Wellahead Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (4 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ultimate Finance Ultimate Finance LTD | A registered charge | 1 property | 10/10/2025 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | — | 01/12/2014 | 07/10/2025 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 09/12/2002 | 07/10/2025 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 16/04/1998 | 13/05/2003 |