MCADIE & REEVE LIMITED

🌳Matureactive

SC320832 · ltd · incorporated 2007-04-11

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 18.8y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Freight transport by road

Sector: Transportation & storage

Investor take

Pursue

Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. 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 (65/100).

🏦

Refinance opportunity

2 live charges · oldest 18.8y

65/100

clean up first

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

· Oldest live charge is 18.8 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (3 active, 6 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

76 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-02-28	2024-02-29

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2025-08-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-10-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-15
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-04-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-14
📄
change-person-secretary-company-with-change-date
officers · CH03
2015-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2014-10-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-10
➖
MCADIE, John resigned
director
2008-05-12
➕
FINDLATER, Alexander Robert appointed
secretary
2008-05-12
➖
WJM SECRETARIES LIMITED resigned
corporate-secretary
2007-06-28
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2007-06-25
➕
MCADIE, John appointed
director
2007-06-25
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2007-04-11
🏢
Company incorporated
As MCADIE & REEVE LIMITED
2007-04-11
➕
DRURY, Martin Roy appointed
director
2007-04-11
➕
FINDLATER, Alexander Robert appointed
director
2007-04-11
➕
WJM SECRETARIES LIMITED appointed
corporate-secretary
2007-04-11
➕
WJM DIRECTORS LIMITED appointed
corporate-director
2007-04-11
➖
WJM DIRECTORS LIMITED resigned
corporate-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 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

69/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

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.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Martin Roy Drury Individual · British · DOB 03/1974 · age 52	25–50%	—	25-50% shares	11/04/2017
Mr Alexander Robert Findlater Individual · British · DOB 07/1966 · age 60	25–50%	—	25-50% shares	11/04/2017

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

Active · Transport & logistics · KW postcode area

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JOHN O'GROATS FERRIES LIMITED→ SC144259 · est 1993	—	—	£389.4k	—	32y	80	88y
MEIKLEJOHNS TAXIS LIMITED→ SC439983 · est 2013	—	—	£241.8k	—	13y	79	64y
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LITTLEJOHN REMOVALS LIMITED→ SC541126 · est 2016	—	—	£71.7k	—	9y	78	62y
JOHN JOLLY (1978) LIMITED→ SC065701 · est 1978	—	—	£969.8k	—	47y	77	48y
A C MARINE SERVICES LTD→ SC807343 · est 2024	—	—	£10.2k	—	2y	76	62y
H J TROTTER LIMITED→ SC571362 · est 2017	—	—	—	—	8y	76	59y
A9SHARE LIMITED→ SC874656 · est 2026 · no financials extracted	—	—	—	—	—	75	65y
CWS ROAD FREIGHT LTD→ SC871636 · est 2025 · no financials extracted	—	—	—	—	—	75	67y

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

Incorporated2007-04-11

Jurisdictionscotland

Primary SIC49410 — Freight transport by road

Registered office

Site 1 Crowness Road

Hatston Industrial Estate

Kirkwall

Orkney

KW15 1RG

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2026-04-25

Last: 2025-04-11

Officers (3 active · 3 resigned)

FINDLATER, Alexander Robert→

secretary · appointed 2008-05-12

View their other companies + combined net worth →

Active

DRURY, Martin Roy→

director · ~52y · appointed 2007-04-11

View their other companies + combined net worth →

Active

FINDLATER, Alexander Robert→

director · ~60y · appointed 2007-04-11

View their other companies + combined net worth →

Active

WJM SECRETARIES LIMITED→

corporate-secretary · appointed 2007-04-11 · resigned 2008-05-12

Resigned

MCADIE, John→

director · ~68y · appointed 2007-06-25 · resigned 2014-09-10

Resigned

WJM DIRECTORS LIMITED→

corporate-director · appointed 2007-04-11 · resigned 2007-04-11

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	28/06/2007	—
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	25/06/2007	—

Click column headers to sort. Use filters above to narrow by status and lender.