MARYBANK ENGINEERING LIMITED
💤Zombieactive
SC226682 · ltd · incorporated 2002-01-04
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2020
Net worth
£2.9k
book net assets
Opportunity
57/100
Worth a look
What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
Special-situation opportunityDistressed manufacturing with salvageable qualities — special-situations priority.
Opportunity 57/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 24.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 24.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (1 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
57/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £2,897
Net assets shrinking
Down £16,003 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£3k
↓ 85% YoY
Current Assets
£3k
↓ 92% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2020-02-29 | 2019-02-28 |
|---|---|---|
| Total assets | £2.9k | £18.9k |
| Current assets | £2.9k | £35.0k |
| Net assets | £2.9k | £18.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2022-02-10📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2022-01-25📄gazette-notice-compulsorygazette · GAZ1
- 2021-02-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-01-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-01-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-01-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-01-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-01-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-01-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-01-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-01-01➕TORRANCE, Liam appointeddirector
- 2020-01-01➖SMITH, Allan resignedsecretary
- 2020-01-01➖CARR, Dennis Stephen resigneddirector
- 2020-01-01➖SMITH, Allan Robert resigneddirector
- 2019-05-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-15📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-11-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-02-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-02-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2014-11-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-06-16➖ADAMSON, James Marshall resigneddirector
- 2014-03-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-01-01➖KNIGHT, David resignedsecretary
- 2014-01-01➕SMITH, Allan appointedsecretary
- 2014-01-01➖KNIGHT, David resigneddirector
- 2010-06-25➖HOUSTON, Jack Miller resigneddirector
- 2002-03-07🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2002-02-13➕KNIGHT, David appointedsecretary
- 2002-02-13➖MESSRS THORNTONS WS resignedcorporate-nominee-secretary
- 2002-02-13➕ADAMSON, James Marshall appointeddirector
- 2002-02-13➕CARR, Dennis Stephen appointeddirector
- 2002-02-13➕HOUSTON, Jack Miller appointeddirector
- 2002-02-13➖HUTCHESON, Iain Henderson resignednominee-director
- 2002-02-13➕KNIGHT, David appointeddirector
- 2002-02-13➕SMITH, Allan Robert appointeddirector
- 2002-01-04🏢Company incorporatedAs MARYBANK ENGINEERING LIMITED
- 2002-01-04➕MESSRS THORNTONS WS appointedcorporate-nominee-secretary
- 2002-01-04➕HUTCHESON, Iain Henderson appointednominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2021-11-30
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2022-01-18
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Liam Torrance Individual · British · DOB 01/1972 · age 54 | 75–100% | — | 75-100% shares | 07/01/2020 |
1 historic (ceased) PSC
- Mr Allan Smithceased 01/01/2020· 25-50% shares
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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|---|---|---|---|---|---|---|---|
| A SCOTT STAIRS & JOINERY LIMITED→ SC629665 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AK FRAMES LTD→ SC617144 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ALCHEMIA STUDIO LIMITED→ SC301401 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ALSI SUBSEA OPERATIONS LTD→ SC635568 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANDREWS ART LTD→ SC626206 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ANGLE PARK SAND AND GRAVEL COMPANY LIMITED→ SC065067 · est 1978 · no financials extracted | — | — | — | — | 47y | — | — |
| ART INTERIOR SERVICE LTD→ SC852725 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ATJ RECOVERY SCOT GROUP LIMITED→ SC553651 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AXON CABLE LIMITED→ SC122228 · est 1990 · no financials extracted | — | — | — | — | 36y | — | — |
| B A RIGGER SERVICES LIMITED→ SC728304 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BABCOCK MARINE (ROSYTH) LIMITED→ SC333105 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| BALBEGGIE STEEL STRUCTURES LIMITED→ SC284668 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2002-01-04
Jurisdictionscotland
Primary SIC25620 — Machining
Registered office
Unit 18 John Smith Business Park
1 Begg Road
Kirkcaldy
KY2 6HD
Scotland
Filing status
Accounts
Next due: 2021-11-30OVERDUE
Last made up to: 2020-02-29
Confirmation statement
Next due: 2022-01-18OVERDUE
Last: 2021-01-04
Officers (1 active · 9 resigned)
TORRANCE, Liam→
Activedirector · ~54y · appointed 2020-01-01
View their other companies + combined net worth →
KNIGHT, David→
Resignedsecretary · appointed 2002-02-13 · resigned 2014-01-01
SMITH, Allan→
Resignedsecretary · appointed 2014-01-01 · resigned 2020-01-01
MESSRS THORNTONS WS→
Resignedcorporate-nominee-secretary · appointed 2002-01-04 · resigned 2002-02-13
ADAMSON, James Marshall→
Resigneddirector · ~74y · appointed 2002-02-13 · resigned 2014-06-16
CARR, Dennis Stephen→
Resigneddirector · ~65y · appointed 2002-02-13 · resigned 2020-01-01
HOUSTON, Jack Miller→
Resigneddirector · ~76y · appointed 2002-02-13 · resigned 2010-06-25
HUTCHESON, Iain Henderson→
Resignednominee-director · appointed 2002-01-04 · resigned 2002-02-13
KNIGHT, David→
Resigneddirector · ~74y · appointed 2002-02-13 · resigned 2014-01-01
SMITH, Allan Robert→
Resigneddirector · ~71y · appointed 2002-02-13 · resigned 2020-01-01
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 07/03/2002 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (77 total)
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-02-10
gazette-notice-compulsory
gazette · GAZ1
2022-01-25
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-01
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-19
appoint-person-director-company-with-name-date
officers · AP01
2020-01-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-01-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-01-07
termination-secretary-company-with-name-termination-date
officers · TM02
2020-01-07
termination-director-company-with-name-termination-date
officers · TM01
2020-01-07
termination-director-company-with-name-termination-date
officers · TM01
2020-01-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-01-07
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-01-26
accounts-with-accounts-type-micro-entity
accounts · AA
2018-11-28