MCGILVRAY PRINTERS LIMITED

💤Zombieactive
SC396119 · ltd · incorporated 2011-03-23
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
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
36 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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees200200

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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-05-15
    ➖
    DEAS, Thomas John resigned
    director
  4. 2025-05-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-05-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-02-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-10-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-10-10
    ➖
    BONAR, Gary resigned
    director
  9. 2024-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-04-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2023-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-12-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2019-02-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2019-01-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2018-01-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2011-03-23
    🏢
    Company incorporated
    As MCGILVRAY PRINTERS LIMITED
  19. 2011-03-23
    ➕
    HENDRY, Robert Ronald appointed
    director
  20. 2011-03-23
    ➕
    BONAR, Gary appointed
    director
  21. 2011-03-23
    ➕
    DEAS, Thomas John appointed
    director

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 15 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

88/100
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 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 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 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Robert Ronald Hendry
Individual · British · DOB 11/1963 · age 63
50–75%
—50-75% shares02/04/2023
Mr Thomas John Deas
Individual · British · DOB 07/1967 · age 59
25–50%
—25-50% shares01/01/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2011-03-23
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade

Registered office

31 The Kyles
Kirkcaldy
KY1 2QG
Scotland

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 (1 active · 2 resigned)

HENDRY, Robert Ronald→
director · ~63y · appointed 2011-03-23
View their other companies + combined net worth →
Active
BONAR, Gary→
director · ~60y · appointed 2011-03-23 · resigned 2024-10-10
Resigned
DEAS, Thomas John→
director · ~59y · appointed 2011-03-23 · resigned 2025-05-15
Resigned

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

Recent filings (36 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-15
termination-director-company-with-name-termination-date
officers · TM01
2025-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-07
termination-director-company-with-name-termination-date
officers · TM01
2024-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-15