D & M MUNRO LIMITED

🌳Matureactive
SC123263 · ltd · incorporated 1990-02-22
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£15.8k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Non-life insurance
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 77-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 35.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 35.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
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
114 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £15,842

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£16k
↑ 615% YoY
Current Assets
£42k
↑ 66% YoY
Current Liabilities
—
-£3k£6k£15k£24k£33k£42kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£28.7k£11.1k
Current assets£42.1k£25.4k
Cash—£4.9k
Debtors—£20.5k
Net assets£15.8k£-3.1k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-12-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-11-16
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  7. 2022-11-16
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2022-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-09-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-03-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2020-03-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-02-17
    ➖
    MUNRO, Stewart Robertson resigned
    secretary
  14. 2020-02-17
    ➖
    MUNRO, Stewart Robertson resigned
    director
  15. 2020-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-04-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  19. 2017-02-10
    🔓
    Charge satisfied #3
  20. 2017-01-11
    🔓
    Charge satisfied #1
  21. 2013-12-20
    🔓
    Charge satisfied #2
  22. 2012-08-02
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  23. 2007-07-24
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Scotland PLC
  24. 2007-02-01
    ➖
    MUNRO, Jean Robertson resigned
    secretary
  25. 2007-02-01
    ➕
    MUNRO, Stewart Robertson appointed
    secretary
  26. 2003-04-01
    ➕
    MUNRO, David Martyn Robertson appointed
    director
  27. 2003-04-01
    ➕
    MUNRO, Stewart Robertson appointed
    director
  28. 1990-09-27
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  29. 1990-04-12
    ➕
    MUNRO, David Robertson appointed
    director
  30. 1990-04-12
    ➕
    MUNRO, Jean Robertson appointed
    secretary
  31. 1990-02-22
    🏢
    Company incorporated
    As D & M MUNRO 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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MUNRO" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 36 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

1 med ·
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
Mr David Robertson Munnro
Individual · British · DOB 07/1949 · age 77
50–75%
—50-75% shares06/04/2016

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

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
Incorporated1990-02-22
Jurisdictionscotland
Primary SIC65120 — Non-life insurance

Registered office

Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31

Officers (2 active · 3 resigned)

MUNRO, David Martyn Robertson→
director · ~47y · appointed 2003-04-01
View their other companies + combined net worth →
Active
MUNRO, David Robertson→
director · ~77y · appointed 1990-04-12
View their other companies + combined net worth →
Active
MUNRO, Jean Robertson→
secretary · appointed 1990-04-12 · resigned 2007-02-01
Resigned
MUNRO, Stewart Robertson→
secretary · appointed 2007-02-01 · resigned 2020-02-17
Resigned
MUNRO, Stewart Robertson→
director · ~49y · appointed 2003-04-01 · resigned 2020-02-17
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property02/08/201210/02/2017
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Bond & floating charge1 property24/07/200720/12/2013
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property27/09/199011/01/2017

Recent filings (114 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
change-person-director-company-with-change-date
officers · CH01
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
certificate-change-of-name-company
change-of-name · CERTNM
2022-11-16
resolution
resolution · RESOLUTIONS
2022-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-25
change-person-director-company-with-change-date
officers · CH01
2021-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-28