A & F MACKINNON LIMITED

🌳Matureactive
SC254247 · ltd · incorporated 2003-08-14
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 22.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£9.6k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 47782
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 22.6y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 22.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £9,630
Net assets shrinking
Down £4,955 YoY
Cash YoY
+3573%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£551
↑ 3573% YoY
Net Worth
£10k
↓ 34% YoY
Current Assets
£14k
↑ 25% YoY
Current Liabilities
—
£0£3k£6k£9k£12k£15kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£9.8k£14.7k
Current assets£14.4k£11.5k
Cash£551£15
Debtors£10.1k£8.1k
Net assets£9.6k£14.6k

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 (25 events)Click to expand
  1. 2025-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-04-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-05-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-04-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-08-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-04-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-08-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2008-09-08
    🔒
    Charge registered #2
    Lender: Royal Bank of Scotland PLC
  17. 2003-09-19
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  18. 2003-08-14
    🏢
    Company incorporated
    As A & F MACKINNON LIMITED
  19. 2003-08-14
    ➕
    MACKINNON, Fiona Jane appointed
    secretary
  20. 2003-08-14
    ➕
    MACKINNON, Angus John appointed
    director
  21. 2003-08-14
    ➕
    MACKINNON, Fiona Jane appointed
    director
  22. 2003-08-14
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  23. 2003-08-14
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  24. 2003-08-14
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  25. 2003-08-14
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MACKINNON" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Angus John Mackinnon
Individual · British · DOB 02/1960 · age 66
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence06/04/2016
Ms Fiona Jane Mackinnon
Individual · British · DOB 06/1968 · age 58
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence06/04/2016

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 →

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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
Incorporated2003-08-14
Jurisdictionscotland
Primary SIC47782 — SIC 47782

Registered office

C/O Gerber Landa & Gee Finnieston Business Park
Minerva Way
Glasgow
G3 8AU
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-17
Last: 2025-08-03

Officers (3 active · 2 resigned)

MACKINNON, Fiona Jane→
secretary · appointed 2003-08-14
View their other companies + combined net worth →
Active
MACKINNON, Angus John→
director · ~66y · appointed 2003-08-14
View their other companies + combined net worth →
Active
MACKINNON, Fiona Jane→
director · ~58y · appointed 2003-08-14
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-08-14 · resigned 2003-08-14
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-08-14 · resigned 2003-08-14
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property08/09/2008—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property19/09/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (55 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-09