STRATHEARN ENGINEERING LTD.

🌳Matureactive
SC286616 · ltd · incorporated 2005-06-24
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
£2.36M
year to Jun 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Sale of new cars and light motor vehicles
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45200SIC 45200
  • 45310SIC 45310
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). 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 (85/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 20.9y

60/100
clean up first

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

  • · Oldest live charge is 20.9 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.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (77/100)

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

Company profile
address, 3 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
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
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
Profitable
Profit before tax £112,024

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Turnover£2.36M—
Gross profit£1.24M—
Operating profit£130.1k—
Profit before tax£112.0k—
Average employees19001900

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

🔒Filing-note intelligence

4 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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 capital
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-03-03
    📄
    capital-allotment-shares
    capital · SH01
  3. 2025-06-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-06-09
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  5. 2025-06-09
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2025-06-05
    📄
    memorandum-articles
    incorporation · MA
  7. 2025-06-05
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2025-03-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-07-23
    📄
    capital-cancellation-shares
    capital · SH06
  10. 2024-07-23
    📄
    capital-return-purchase-own-shares
    capital · SH03
  11. 2024-07-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2024-07-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2024-06-27
    ➖
    LECKIE, Gordon Kenneth Stephen resigned
    secretary
  14. 2024-06-27
    ➖
    LECKIE, Gordon Kenneth Stephen resigned
    director
  15. 2024-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2023-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-02-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2009-10-31
    ➖
    JENKINS, Andrew Martin resigned
    director
  22. 2007-11-09
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  23. 2005-08-05
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  24. 2005-06-24
    🏢
    Company incorporated
    As STRATHEARN ENGINEERING LTD.
  25. 2005-06-24
    ➕
    LECKIE, Jonathan Kincaid appointed
    director
  26. 2005-06-24
    ➕
    LECKIE, Gordon Kenneth Stephen appointed
    secretary
  27. 2005-06-24
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  28. 2005-06-24
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  29. 2005-06-24
    ➕
    JENKINS, Andrew Martin appointed
    director
  30. 2005-06-24
    ➕
    LECKIE, Gordon Kenneth Stephen appointed
    director
  31. 2005-06-24
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  32. 2005-06-24
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +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

85/100
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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Jonathan Kincaid Leckie
Individual · British · DOB 05/1966 · age 60
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
Mr Bruce Leckie
Individual · British · DOB 06/1994 · age 32
25–50%
25–50%25-50% shares · 25-50% voting21/03/2025

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Automotive · PH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DOUGLAS CAMERON (PERTH) LIMITED→
SC100636 · est 1986
£4.61M
£3.69M–£5.53M
——5739y8581y
CAMERON MOTORS (PERTH) LIMITED→
SC057921 · est 1975
£1.74M
£1.39M–£2.09M
——6251y8481y
IAN H. CAMERON LIMITED→
SC035342 · est 1960
£1.73M
£1.38M–£2.07M
——4466y8581y
PERTHSHIRE CARAVANS LIMITED→
SC057390 · est 1975
£701.8k
£561.4k–£842.2k
——7551y8589y
SLIPWAY AUTOS LIMITED→
SC282361 · est 2005
£270.4k
£216.3k–£324.5k
——110021y8267y
ACTIVE SERVICE LIMITED→
SC300374 · est 2006
———720y8270y
CALLISTO GOLF EQUIPMENT LIMITED→
SC192559 · est 1999 · no financials extracted
————27y8278y
CURTIS MOTORS CUPAR LIMITED→
SC294891 · est 2005
———420y8262y
DRYSDALE MOTORCYCLES LIMITED→
SC232460 · est 2002
———723y8259y
GORDON MOTORS (CRIEFF) LIMITED→
SC335313 · est 2007
———90018y8270y
L & M RATTRAY LTD→
SC289928 · est 2005
———1220y8265y
LOCHSIDE GARAGE (BALLACHULISH) LTD.→
SC259682 · est 2003
——£22.9k—22y8260y
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
Incorporated2005-06-24
Jurisdictionscotland
Primary SIC45111 — Sale of new cars and light motor vehicles

Registered office

Drumlandy
Aberuthven
Auchterarder
Perthshire
PH3 1HE

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-08
Last: 2025-06-24

Officers (1 active · 5 resigned)

LECKIE, Jonathan Kincaid→
director · ~60y · appointed 2005-06-24
View their other companies + combined net worth →
Active
LECKIE, Gordon Kenneth Stephen→
secretary · appointed 2005-06-24 · resigned 2024-06-27
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2005-06-24 · resigned 2005-06-24
Resigned
JENKINS, Andrew Martin→
director · ~44y · appointed 2005-06-24 · resigned 2009-10-31
Resigned
LECKIE, Gordon Kenneth Stephen→
director · ~61y · appointed 2005-06-24 · resigned 2024-06-27
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2005-06-24 · resigned 2005-06-24
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
Bank of Scotland PLC
Standard security1 property09/11/2007—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property05/08/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-05
capital-allotment-shares
capital · SH01
2026-03-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-09
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-06-09
capital-name-of-class-of-shares
capital · SH08
2025-06-09
memorandum-articles
incorporation · MA
2025-06-05
resolution
resolution · RESOLUTIONS
2025-06-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-20
capital-cancellation-shares
capital · SH06
2024-07-23
capital-return-purchase-own-shares
capital · SH03
2024-07-23
termination-secretary-company-with-name-termination-date
officers · TM02
2024-07-05
termination-director-company-with-name-termination-date
officers · TM01
2024-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-28