Company Overview
Mustang Engineering Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 17 September 2004, so this is a well established company. Mustang Engineering Limited has been in business for 21 years and 6 months. The accounts status is audit exemption subsidiary and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Sir Ian Wood House Hareness Road, Altens Industrial Estate, Aberdeen, AB12 3LE
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Companies House Data
Company NameMUSTANG ENGINEERING LIMITED
Company NumberSC273548
Registered Office AddressSir Ian Wood House Hareness Road
 Altens Industrial Estate
 AB12 3LE
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date17/09/2004
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/12/2023
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date15/10/2016
Returns Last Made Up Date17/09/2015
Directors & Members
Show Resigned
Keith Dagleish - Director
(British, 54 years old, born May 1972)
Appointed 31 December 2020
 Active
Secretaries
Show Resigned
Sarah MacRury - Secretary
Appointed 24 July 2024
 Active
Other Company Directorships
Keith Dagleish
AMEC (F.C.G.) LIMITED
AMEC (MH1992) LIMITED
AMEC (MHL) LIMITED
AMEC BKW LIMITED
AMEC BRAVO LIMITED
AMEC BUILDING LIMITED
AMEC CAPITAL PROJECTS LIMITED
AMEC CIVIL ENGINEERING LIMITED
AMEC FOSTER WHEELER GROUP LIMITED
AMEC KAZAKHSTAN HOLDINGS LIMITED
AMEC OFFSHORE LIMITED
AMEC SERVICES LIMITED
FOSTER WHEELER (PROCESS PLANTS) LIMITED
FOSTER WHEELER ENVIRONMENTAL (UK) LIMITED
JAMES SCOTT LIMITED
PRESS CONSTRUCTION LIMITED
PROCESS PLANTS SUPPLIERS LIMITED
SANDIWAY SOLUTIONS (NO 3) LIMITED
SOUTH KENSINGTON DEVELOPMENTS LIMITED
WOOD GROUP UK LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2014 31-Dec-2013
Balance Sheet
Fixed Assets 6,835,000 6,835,000 6,773,000
Current Assets 67,952,000 67,952,000 29,466,000
Creditors Due Within One Year 58,539,000 58,539,000 30,739,000
Working Cap 9,413,000 9,413,000 -1,273,000
Total Assets Less Current Liabilities 16,248,000 16,248,000 5,500,000
Long-term Liabilities 395,000 395,000 331,000
Net Assets 15,853,000 15,853,000 5,169,000
Share Capital & Reserves
Share Cap 0 0 0
Profit & Loss Reserves 15,992,000 15,992,000 5,169,000
Other Reserves -139,000 -139,000 0
Shareholders Funds 15,853,000 15,853,000 5,169,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2014 31-Dec-2013
Tangible Fixed Assets - - -
Fixed Assets 9.1% 9.1% 18.7%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 44.4% 44.4% 43.3%
Cash Bank In Hand 24.7% 24.7% 16.0%
Current Assets 90.9% 90.9% 81.3%
Creditors Due Within One Year 78.3% 78.3% 84.8%
Net Current Assets Liabilities 12.6% 12.6% -3.5%
Creditors Due After One Year 0.5% 0.5% 0.9%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 21.2% 21.2% 14.3%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 21.4% 21.4% 14.3%
Shareholder Funds 21.2% 21.2% 14.3%
Capital Employed - - -
Total Assets Less Current Liabilities 21.7% 21.7% 15.2%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2014 31-Dec-2013
Liquidity Ratio 1.2 1.2 1.0
Solvency Ratio 1.3 1.3 1.2
Reserves to Assets 0.2 0.2 0.1
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2014 31-Dec-2013
Assets 74,787,000 74,787,000 36,239,000
Debt 58,934,000 58,934,000 31,070,000
Net Assets/Debt 15,853,000 15,853,000 5,169,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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RICHARD IRVIN (NEWCO) LIMITED
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Document Filings
Consolidated accounts of parent company for subsidiary company period ending 31/12/24
Audit exemption statement of guarantee by parent company for period ending 31/12/24
Notice of agreement to exemption from audit of accounts for period ending 31/12/24
Termination of appointment of Mark William Siddle as a director on 19 December 2025
Registration of charge SC2735480002, created on 3 December 2025
Satisfaction of charge SC2735480001 in full
Confirmation statement made on 12 September 2025 with no updates
Registration of charge SC2735480001, created on 5 September 2025
Resolutions
Statement of Company's objects
Memorandum and Articles of Association
Resolutions
Director's details changed for Keith Gordon Dagleish on 30 November 2023
Change of details for Wood Group Engineering & Operations Support Limited as a person with significant control on 30 November 2023
Consolidated accounts of parent company for subsidiary company period ending 31/12/23
Notice of agreement to exemption from audit of accounts for period ending 31/12/23
Audit exemption statement of guarantee by parent company for period ending 31/12/23
Confirmation statement made on 12 September 2024 with no updates
Appointment of Ms Sarah Marion Macrury as a secretary on 24 July 2024
Termination of appointment of Iain Angus Jones as a secretary on 12 June 2024
Termination of appointment of Norman Macdonald as a director on 23 July 2024
Registered office address changed from C/O Wood Group 15 Justice Mill Lane Aberdeen AB11 6EQ to Sir Ian Wood House Hareness Road Altens Industrial Estate Aberdeen AB12 3LE on 30 November 2023
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