3MEX LIMITED

🚨Distressedactive
03895676 · ltd · incorporated 1999-12-16
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
—
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Turnover
—
year to Jun 2024
Net worth
£-51.8k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (78/100, director aged 65). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 25.9y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 25.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
86 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
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £51,813

Key financials

2 years extracted from filed iXBRL accounts
Cash
£9k
Net Worth
-£52k
↓ 74% YoY
Current Assets
£16k
↓ 73% YoY
Current Liabilities
—
-£52k-£29k-£7k£16k£38k£61kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-06-302023-06-30
Total assets£-51.8k£-29.8k
Current assets£16.1k£60.7k
Cash£8.6k—
Debtors£7.5k£60.7k
Net assets£-51.8k£-29.8k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2020-09-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-03-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2017-09-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-07-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2016-11-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-01-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-01-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-01-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-11-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-06-30
    ➖
    KARBARON, Ian Jonathan resigned
    director
  17. 2007-08-04
    ➖
    KELLY, Andrew resigned
    director
  18. 2006-07-31
    ➖
    BURROW, William Timothy resigned
    director
  19. 2005-11-01
    ➕
    KELLY, Andrew appointed
    director
  20. 2005-10-15
    🔓
    Charge satisfied #1
  21. 2001-10-01
    ➕
    BURROW, William Timothy appointed
    director
  22. 2000-05-30
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  23. 2000-01-13
    ➕
    MORTASSAGNE, Jack Leonard appointed
    secretary
  24. 2000-01-13
    ➖
    MORTASSAGNE, Sharon Joy resigned
    secretary
  25. 1999-12-23
    ➕
    KARBARON, Ian Jonathan appointed
    director
  26. 1999-12-19
    ➕
    MORTASSAGNE, Jack Leonard appointed
    director
  27. 1999-12-19
    ➕
    MORTASSAGNE, Sharon Joy appointed
    secretary
  28. 1999-12-16
    🏢
    Company incorporated
    As 3MEX LIMITED
  29. 1999-12-16
    ➕
    BANNER & ASSOCIATES LTD appointed
    corporate-nominee-secretary
  30. 1999-12-16
    ➖
    BANNER & ASSOCIATES LTD resigned
    corporate-nominee-secretary
  31. 1999-12-16
    ➕
    BANNER NOMINEES LTD appointed
    corporate-nominee-director
  32. 1999-12-16
    ➖
    BANNER NOMINEES LTD resigned
    corporate-nominee-director

Owner dependency

100/100
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 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Jack Leonard Mortassagne
Individual · British · DOB 04/1961 · age 65
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

10 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
Incorporated1999-12-16
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities

Registered office

2a Devonshire Road Westhill House
Bexleyheath
Kent
DA6 8DS
England

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-12-27
Last: 2025-12-13

Officers (2 active · 6 resigned)

MORTASSAGNE, Jack Leonard→
secretary · appointed 2000-01-13
View their other companies + combined net worth →
Active
MORTASSAGNE, Jack Leonard→
director · ~65y · appointed 1999-12-19
View their other companies + combined net worth →
Active
MORTASSAGNE, Sharon Joy→
secretary · appointed 1999-12-19 · resigned 2000-01-13
Resigned
BANNER & ASSOCIATES LTD→
corporate-nominee-secretary · appointed 1999-12-16 · resigned 1999-12-16
Resigned
BURROW, William Timothy→
director · ~71y · appointed 2001-10-01 · resigned 2006-07-31
Resigned
KARBARON, Ian Jonathan→
director · ~58y · appointed 1999-12-23 · resigned 2013-06-30
Resigned
KELLY, Andrew→
director · ~57y · appointed 2005-11-01 · resigned 2007-08-04
Resigned
BANNER NOMINEES LTD→
corporate-nominee-director · appointed 1999-12-16 · resigned 1999-12-16
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property30/05/200015/10/2005

Recent filings (86 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-12-20