PR2 ENGINEERING LIMITED

🌳Matureactive
SC278634 · ltd · incorporated 2005-01-19
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 21.0y

35/100
too messy

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

  • · Oldest live charge is 21.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (56/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 4 with DOB)
77
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
112 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2025-11-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-01-04
    📄
    capital-cancellation-shares
    capital · SH06
  5. 2023-01-04
    📄
    capital-return-purchase-own-shares
    capital · SH03
  6. 2022-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-11-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2022-11-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2022-11-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2022-11-09
    ➖
    LONGFIELD, Catherine Gibson resigned
    secretary
  11. 2022-11-09
    ➖
    LONGFIELD, Roger resigned
    director
  12. 2021-09-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-11-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-12-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-11-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2018-10-24
    🔒
    Charge registered #3
    Lender: Close Invoice Finance Limited, 10 Crown Place, London, EC2A 4FT
  18. 2018-10-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2018-10-06
    🔓
    Charge satisfied #2
  20. 2018-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2017-10-20
    ➖
    HALLIWELL, Paul resigned
    director
  22. 2015-10-30
    ➖
    HALLIWELL, Margaret Rose resigned
    secretary
  23. 2013-09-17
    ➖
    WELLMAN, Stacey Charmaine resigned
    secretary
  24. 2013-01-21
    ➕
    WELLMAN, Stacey Charmaine appointed
    secretary
  25. 2011-08-12
    ➕
    MANUEL, Audrey Anne appointed
    secretary
  26. 2011-08-12
    ➕
    HALLIWELL, Margaret Rose appointed
    secretary
  27. 2011-08-12
    ➖
    HALLIWELL, Paul resigned
    secretary
  28. 2011-08-12
    ➕
    LONGFIELD, Catherine Gibson appointed
    secretary
  29. 2006-06-19
    ➕
    HALLIWELL, Paul appointed
    secretary
  30. 2006-06-19
    ➖
    CCW SECRETARIES LIMITED resigned
    corporate-secretary
  31. 2005-06-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  32. 2005-05-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland Commercial Services Limited
  33. 2005-01-19
    🏢
    Company incorporated
    As PR2 ENGINEERING LIMITED
  34. 2005-01-19
    ➕
    MANUEL, Mathew Philip appointed
    director
  35. 2005-01-19
    ➕
    SMITH, Ryan Malcolm appointed
    director
  36. 2005-01-19
    ➕
    CCW SECRETARIES LIMITED appointed
    corporate-secretary
  37. 2005-01-19
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  38. 2005-01-19
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  39. 2005-01-19
    ➕
    HALLIWELL, Paul appointed
    director
  40. 2005-01-19
    ➕
    LONGFIELD, Roger appointed
    director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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 Mathew Philip Manuel
Individual · British · DOB 06/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting05/05/2017
Mr Ryan Malcolm Smith
Individual · British · DOB 08/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting05/05/2017
1 historic (ceased) PSC
  • Mr Roger Longfieldceased 09/11/2022· 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 →

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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
Incorporated2005-01-19
Jurisdictionscotland
Primary SIC25620 — Machining

Registered office

3 St Davids Business Park
Dalgety Bay
Dunfermline
Fife
KY11 9PF

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-02-02
Last: 2026-01-19

Officers (3 active · 8 resigned)

MANUEL, Audrey Anne→
secretary · appointed 2011-08-12
View their other companies + combined net worth →
Active
MANUEL, Mathew Philip→
director · ~60y · appointed 2005-01-19
View their other companies + combined net worth →
Active
SMITH, Ryan Malcolm→
director · ~57y · appointed 2005-01-19
View their other companies + combined net worth →
Active
HALLIWELL, Margaret Rose→
secretary · appointed 2011-08-12 · resigned 2015-10-30
Resigned
HALLIWELL, Paul→
secretary · appointed 2006-06-19 · resigned 2011-08-12
Resigned
LONGFIELD, Catherine Gibson→
secretary · appointed 2011-08-12 · resigned 2022-11-09
Resigned
WELLMAN, Stacey Charmaine→
secretary · appointed 2013-01-21 · resigned 2013-09-17
Resigned
CCW SECRETARIES LIMITED→
corporate-secretary · appointed 2005-01-19 · resigned 2006-06-19
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2005-01-19 · resigned 2005-01-19
Resigned
HALLIWELL, Paul→
director · ~66y · appointed 2005-01-19 · resigned 2017-10-20
Resigned
LONGFIELD, Roger→
director · ~69y · appointed 2005-01-19 · resigned 2022-11-09
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Close Invoice Finance , 10 Crown Place, London, EC2A 4FT
Close Invoice Finance Limited, 10 Crown Place, London, EC2A 4FT
A registered charge—24/10/2018—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/06/200506/10/2018
outstanding
Lloyds Banking Group
The Royal Bank of Scotland Commercial Services Limited
Floating charge1 property26/05/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (112 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-24
capital-cancellation-shares
capital · SH06
2023-01-04
capital-return-purchase-own-shares
capital · SH03
2023-01-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-11-22
termination-director-company-with-name-termination-date
officers · TM01
2022-11-22
termination-secretary-company-with-name-termination-date
officers · TM02
2022-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-17