J & W MCNAE LTD

🏛️Establishedactive
SC646540 · ltd · incorporated 2019-11-07
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.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2025
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Average employees4500

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

🔒Filing-note intelligence

2 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
4
filings
  • 2 persons-with-significant-control
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-11-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-11-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2024-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-11-22
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  6. 2023-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-11-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-11-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-11-11
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  10. 2021-07-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2021-06-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2021-04-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-11-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  14. 2020-11-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  15. 2020-11-09
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  16. 2019-11-07
    🏢
    Company incorporated
    As J & W MCNAE LTD
  17. 2019-11-07
    MCNAE, David appointed
    director
  18. 2019-11-07
    WATT, Basil appointed
    director
  19. 2019-11-07
    WATT, Margaret appointed
    director
  20. 2019-11-07
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Founder name in company name: Company name contains director surname "MCNAE" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

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

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Basil Watt Tractors Ltd
Corporate parent · holds 50-75% shares
majority
🏛️
David Mcnae & Son Ltd
Corporate parent · holds 25-50% shares
significant stake
J & W MCNAE LTD
This company · SC646540

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Basil Watt Tractors Ltd
Corporate entity
5075%
50–75%50-75% shares · 50-75% voting07/11/2019
David Mcnae & Son Ltd
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting07/11/2019

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
Incorporated2019-11-07
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

Oakfield House
3b Yett Holdings
Tarbolton
South Ayrshire
KA5 5NX
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06

Officers (3 active · 0 resigned)

MCNAE, David
director · ~49y · appointed 2019-11-07
View their other companies + combined net worth →
Active
WATT, Basil
director · ~44y · appointed 2019-11-07
View their other companies + combined net worth →
Active
WATT, Margaret
director · ~43y · appointed 2019-11-07
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-11-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-11-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
change-account-reference-date-company-previous-extended
accounts · AA01
2024-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-17
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2021-11-11
accounts-with-accounts-type-dormant
accounts · AA
2021-07-09