M B AQUARIUS LIMITED

🌳Matureactive

SC259115 · ltd · incorporated 2003-11-12

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 22.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 22.2y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 22.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

9 officers (5 active, 9 linked, 6 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

17 connected companies via shared directors

Filing history

74 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-11-30	2024-11-30
Average employees	0	0

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-03-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-10
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2025-04-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-18
📄
change-person-director-company-with-change-date
officers · CH01
2023-09-07
📄
capital-return-purchase-own-shares
capital · SH03
2023-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-09-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-07-31
📄
capital-cancellation-shares
capital · SH06
2023-07-17
➕
WATT, John appointed
director
2023-07-17
➖
BARR, Alexander Hinshelwood resigned
director
2023-02-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-03-01
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2005-11-01
➖
WATT, John resigned
director
2004-02-16
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2004-02-04
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2003-11-12
🏢
Company incorporated
As M B AQUARIUS LIMITED
2003-11-12
➕
SHEPHERD, Gillian appointed
secretary
2003-11-12
➕
RITCHIE, Clifford Lawrence appointed
director
2003-11-12
➕
SHEPHERD, Gillian appointed
director
2003-11-12
➕
SHEPHERD, Scott appointed
director
2003-11-12
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2003-11-12
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2003-11-12
➕
BARR, Alexander Hinshelwood appointed
director
2003-11-12
➕
WATT, John appointed
director
2003-11-12
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2003-11-12
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
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.)

🔒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 →

Similar companies

Active · Agriculture · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
JWFB LIMITED→ SC312553 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
K C R C LIMITED→ SC265823 · est 2004 · no financials extracted	—	—	—	—	22y	—	—
KINERMONY LIMITED→ SC024445 · est 1946 · no financials extracted	—	—	—	—	79y	—	—
MATTHEW WEST LTD→ SC799344 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
MB BOBENA LIMITED→ SC282138 · est 2005 · no financials extracted	—	—	—	—	21y	—	—
MB3 ESTATES LIMITED→ SC607592 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
MCTAI LTD→ SC533413 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
MDC TREE SURGERY LTD→ SC699454 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
MDMCLEAN LTD→ SC595331 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
MDN FISHING LTD→ SC646261 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
MDT ENGINEERING (FR) LIMITED→ SC687860 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
MEADOWBANK FARM LIMITED→ SC374761 · est 2010 · no financials extracted	—	—	—	—	16y	—	—

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

Incorporated2003-11-12

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Ufs Limited

27 Commercial Road

Buckie

AB56 1UN

Filing status

Accounts

Next due: 2027-08-31

Last made up to: 2025-11-30

Confirmation statement

Next due: 2026-11-26

Last: 2025-11-12