MNH LIMITED

💤Zombieactive
SC106708 · ltd · incorporated 1987-09-16
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£2.65M
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · oldest 37.9y

45/100
under pressure

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

  • · Oldest live charge is 37.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
13 officers (2 active, 13 linked, 11 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
139 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review 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 £2,651,518

Key financials

1 year extracted from filed iXBRL accounts
Cash
£302k
Net Worth
£2.7m
Current Assets
£2.7m
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31
Total assets£2.65M
Current assets£2.65M
Cash£302.0k
Debtors£2.35M
Net assets£2.65M

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
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-22
    ➖
    MURDOCH, Jane Isabel Graham resigned
    director
  3. 2025-12-22
    ➖
    WILKE, Catriona Bell resigned
    director
  4. 2025-12-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-12-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-01-17
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  7. 2024-02-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-02-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-01-08
    ➖
    WILKIE, James Mills resigned
    director
  11. 2023-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-07-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-07-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2010-08-19
    🔓
    Charge satisfied #5
  20. 2010-07-28
    ➕
    MURDOCH, Jane Isabel Graham appointed
    director
  21. 2010-07-28
    ➕
    WILKE, Catriona Bell appointed
    director
  22. 2009-06-12
    🔓
    Charge satisfied #1
  23. 2008-11-07
    ➖
    FERGUSON, Brian Robert resigned
    director
  24. 2008-06-30
    ➖
    KELLY, Michael James resigned
    director
  25. 2008-06-30
    ➖
    WALES, Rosemary Jane resigned
    director
  26. 2007-06-11
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  27. 2007-01-05
    ➖
    KEARNEY, Douglas Richard resigned
    director
  28. 2006-03-31
    ➕
    KEARNEY, Douglas Richard appointed
    director
  29. 2002-10-31
    ➖
    WILKIE, Catriona Bell resigned
    director
  30. 2001-06-30
    ➖
    GILLIES, Kim resigned
    director
  31. 2001-06-20
    ➕
    KELLY, Michael James appointed
    director
  32. 2001-06-20
    ➕
    WALES, Rosemary Jane appointed
    director
  33. 1998-01-15
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  34. 1997-07-28
    ➕
    MURDOCH, Keith David appointed
    secretary
  35. 1997-07-28
    ➕
    MURDOCH, Keith David appointed
    director
  36. 1997-07-28
    ➖
    WILKIE, James Mills resigned
    secretary
  37. 1997-07-28
    ➕
    FERGUSON, Brian Robert appointed
    director
  38. 1994-10-25
    ➕
    WILKIE, Catriona Bell appointed
    director
  39. 1994-10-11
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  40. 1994-10-04
    ➖
    WILKIE, James Mills resigned
    director
  41. 1992-02-14
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  42. 1988-05-12
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  43. 1987-09-16
    🏢
    Company incorporated
    As MNH LIMITED

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 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 39 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

2 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MURDOCH, Jane Isabel Graham resigned 2025-12-22; WILKE, Catriona Bell resigned 2025-12-22

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Catriona Bell Wilkie
Individual · British · DOB 10/1957 · age 69
25–50%
—25-50% shares07/04/2016
1 historic (ceased) PSC
  • Mr James Mills Wilkieceased 08/01/2024· 25-50% shares

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

9 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
Incorporated1987-09-16
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Whitekirk Mains Farm
Whitekirk
Dunbar
East Lothian
EH42 1XS
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-24
Last: 2025-12-10

Officers (2 active · 11 resigned)

MURDOCH, Keith David→
secretary · appointed 1997-07-28
View their other companies + combined net worth →
Active
MURDOCH, Keith David→
director · ~70y · appointed 1997-07-28
View their other companies + combined net worth →
Active
WILKIE, James Mills→
secretary · resigned 1997-07-28
Resigned
FERGUSON, Brian Robert→
director · ~70y · appointed 1997-07-28 · resigned 2008-11-07
Resigned
GILLIES, Kim→
director · ~66y · resigned 2001-06-30
Resigned
KEARNEY, Douglas Richard→
director · ~71y · appointed 2006-03-31 · resigned 2007-01-05
Resigned
KELLY, Michael James→
director · ~56y · appointed 2001-06-20 · resigned 2008-06-30
Resigned
MURDOCH, Jane Isabel Graham→
director · ~66y · appointed 2010-07-28 · resigned 2025-12-22
Resigned
WALES, Rosemary Jane→
director · ~76y · appointed 2001-06-20 · resigned 2008-06-30
Resigned
WILKE, Catriona Bell→
director · ~69y · appointed 2010-07-28 · resigned 2025-12-22
Resigned
WILKIE, Catriona Bell→
director · ~69y · appointed 1994-10-25 · resigned 2002-10-31
Resigned
WILKIE, James Mills→
director · ~68y · resigned 2024-01-08
Resigned
WILKIE, James Mills→
director · ~93y · resigned 1994-10-04
Resigned

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

Mortgages & charges

5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/06/2007—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property15/01/199819/08/2010
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/10/1994—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property14/02/1992—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property12/05/198812/06/2009
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (139 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
termination-director-company-with-name-termination-date
officers · TM01
2025-12-22
termination-director-company-with-name-termination-date
officers · TM01
2025-12-22
change-account-reference-date-company-current-extended
accounts · AA01
2025-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-08
termination-director-company-with-name-termination-date
officers · TM01
2024-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31