MITCHELL THOMSON LIMITED

💤Zombieactive
SC028501 · ltd · incorporated 1951-08-28
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£251.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 38210
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -51% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 14.4y

45/100
under pressure

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

  • · Oldest live charge is 14.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (85/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (1 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
108 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
Positive net assets
Net assets £250,956
Net assets shrinking
Down £167,960 YoY
Cash draining
Cash down 51% YoY
Cash YoY
-51%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£160k
↓ 51% YoY
Net Worth
£251k
↓ 40% YoY
Current Assets
£226k
↓ 43% YoY
Current Liabilities
—
£0£161k£322k£483k£645k£806kAug 2023Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-312023-08-31
Total assets£251.0k£418.9k£355.3k
Current assets£226.3k£397.8k£805.8k
Cash£160.0k£323.8k—
Debtors£66.2k£74.0k—
Net assets£251.0k£418.9k£355.3k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-08-19
    🔓
    Charge satisfied #1
  4. 2025-04-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-08-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-08-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-06-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-09-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-08-31
    ➖
    VERRICO, Nino resigned
    director
  10. 2023-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-11-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-06-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-11-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-10-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-10-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2019-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-10-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2018-10-08
    ➖
    CUMMINGS, Keith David resigned
    secretary
  20. 2018-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2011-12-21
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Commercial Finance Limited
  22. 2009-05-18
    ➕
    VERRICO, Nino appointed
    director
  23. 2009-05-06
    ➖
    THOMSON, Alexa Margaret Mitchell resigned
    director
  24. 2003-05-04
    ➖
    DREW, Sylvia Cattanach Mitchell resigned
    director
  25. 1999-12-15
    ➕
    CUMMINGS, Keith David appointed
    secretary
  26. 1999-12-15
    ➖
    DREW, Sylvia Cattanach Mitchell resigned
    secretary
  27. 1999-12-09
    ➖
    DREW, Ernest Michael resigned
    director
  28. 1992-04-06
    ➕
    DREW, Simon James Pearson appointed
    director
  29. 1992-01-01
    ➕
    DREW, Sylvia Cattanach Mitchell appointed
    secretary
  30. 1991-12-31
    ➖
    THOMSON, Alexander Mitchell resigned
    secretary
  31. 1991-12-31
    ➖
    THOMSON, Alexander Mitchell resigned
    director
  32. 1991-12-31
    ➖
    WRIGHT, Hugh Morton resigned
    director
  33. 1951-08-28
    🏢
    Company incorporated
    As MITCHELL THOMSON LIMITED

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 34 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — 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 58. 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 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 75 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Simon James Pearson Drew
Individual · British · DOB 01/1968 · age 58
——sig. influencesignificant influence14/11/2016

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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——590061y8459y
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BARR + WRAY HOLDINGS LIMITED→
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£1.34M
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——029y8259y
BAILLIE WINDFARM LIMITED→
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————22y8371y
HIGHLANDER INTERNATIONAL RECYCLING LIMITED→
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——£1.59M—22y8361y
HIGHLANDER SECURITY SHREDDING LTD→
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————21y8370y
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——£353.6k—22y8271y
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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
Incorporated1951-08-28
Jurisdictionscotland
Primary SIC38210 — SIC 38210

Registered office

Robslee Drive
Giffnock
Glasgow
G46 7TY
Scotland

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-11-10
Last: 2025-10-27

Officers (1 active · 9 resigned)

DREW, Simon James Pearson→
director · ~58y · appointed 1992-04-06
View their other companies + combined net worth →
Active
CUMMINGS, Keith David→
secretary · appointed 1999-12-15 · resigned 2018-10-08
Resigned
DREW, Sylvia Cattanach Mitchell→
secretary · appointed 1992-01-01 · resigned 1999-12-15
Resigned
THOMSON, Alexander Mitchell→
secretary · resigned 1991-12-31
Resigned
DREW, Ernest Michael→
director · ~89y · resigned 1999-12-09
Resigned
DREW, Sylvia Cattanach Mitchell→
director · ~87y · resigned 2003-05-04
Resigned
THOMSON, Alexa Margaret Mitchell→
director · ~80y · resigned 2009-05-06
Resigned
THOMSON, Alexander Mitchell→
director · ~113y · resigned 1991-12-31
Resigned
VERRICO, Nino→
director · ~74y · appointed 2009-05-18 · resigned 2023-08-31
Resigned
WRIGHT, Hugh Morton→
director · ~96y · resigned 1991-12-31
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
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
Bond & floating charge1 property21/12/201119/08/2025

Recent filings (108 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
change-person-director-company-with-change-date
officers · CH01
2024-08-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
termination-director-company-with-name-termination-date
officers · TM01
2023-09-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-16