MEREACRE LIMITED

🌳Matureactive
SC454422 · ltd · incorporated 2013-07-12
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Worth a look
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 64/100 (worth a look), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (38/100).

🏦

Refinance opportunity

19 live charges · 7 lenders · oldest 11.6y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 11.6 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 48/100 (high).

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
19 charges (19/19 with lender, 19/19 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 7 with DOB)
88
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
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
63
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-31
Average employees300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 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
0
filings
Last 90 days
2
filings
  • • 1 accounts
  • • 1 address
Last 180 days
5
filings
  • • 2 address
  • • 2 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (64 events)Click to expand
  1. 2026-02-13
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  2. 2026-02-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-01-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-12-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-12-23
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2025-12-22
    ➖
    MORTIMER, Lynn resigned
    secretary
  7. 2025-12-22
    ➖
    MORTIMER, Lynn resigned
    director
  8. 2025-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-07-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2024-04-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2024-04-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2024-04-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2024-04-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2024-03-29
    ➕
    MACCULLOCH, Gary Cameron appointed
    director
  15. 2024-03-29
    ➕
    MARTIN, Kevin Paul appointed
    director
  16. 2024-03-29
    ➖
    CUMMINGS, Peter Joseph resigned
    director
  17. 2023-08-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2023-07-25
    ➕
    CUMMINGS, Peter Joseph appointed
    director
  19. 2023-07-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2023-03-22
    ➖
    HUNTER, Annette resigned
    director
  21. 2023-03-22
    ➖
    MURPHY, James resigned
    director
  22. 2023-03-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2023-03-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2022-05-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  25. 2021-06-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  26. 2020-12-21
    📄
    accounts-with-accounts-type-small
    accounts · AA
  27. 2019-12-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  28. 2019-11-25
    🔒
    Charge registered #20
    Lender: City Facilities Management Holdings (UK) Limited
  29. 2019-11-25
    🔒
    Charge registered #19
    Lender: City Facilities Management Holdings (UK) Limited
  30. 2019-11-25
    🔒
    Charge registered #17
    Lender: City Facilities Management Holdings (UK) Limited
  31. 2019-11-20
    🔒
    Charge registered #16
    Lender: Bank of Scotland PLC
  32. 2019-11-20
    🔒
    Charge registered #15
    Lender: Bank of Scotland PLC
  33. 2019-11-20
    🔒
    Charge registered #14
    Lender: Bank of Scotland PLC
  34. 2019-08-14
    🔓
    Charge satisfied #11
  35. 2019-08-14
    🔓
    Charge satisfied #10
  36. 2019-08-14
    🔓
    Charge satisfied #9
  37. 2019-08-14
    🔓
    Charge satisfied #8
  38. 2019-08-02
    ➕
    MURPHY, James appointed
    director
  39. 2019-08-02
    🔒
    Charge registered #13
    Lender: Bank of Scotland PLC
  40. 2019-08-02
    🔒
    Charge registered #12
    Lender: City Facilities Management Holdings (UK) Limited
  41. 2018-02-10
    🔓
    Charge satisfied #7
  42. 2016-12-30
    🔒
    Charge registered #11
    Lender: Assetz Capital Trust Company Limited as Security Agent
  43. 2016-12-29
    🔓
    Charge satisfied #4
  44. 2016-12-29
    🔓
    Charge satisfied #5
  45. 2016-12-28
    🔓
    Charge satisfied #6
  46. 2016-12-22
    🔒
    Charge registered #10
    Lender: Assetz Capital Trust Company Limited as Security Agent for the Lending Syndicate Members
  47. 2016-12-19
    🔒
    Charge registered #9
    Lender: Assetz Capital Trust Company Limited
  48. 2016-12-13
    🔒
    Charge registered #8
    Lender: Assetz Capital Trust Company Limited
  49. 2016-04-14
    🔓
    Charge satisfied #2
  50. 2016-04-11
    🔒
    Charge registered #7
    Lender: Route Finance Limited as Security Trustee
Showing most recent 50 of 64 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

2 med · 2 low
2 director resignations in last 12 months
medium

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

Evidence: MORTIMER, Lynn resigned 2025-12-22; MORTIMER, Lynn 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.

8 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Multiple registered office changes
low

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

Group structure

Landfern Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Landfern Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
MEREACRE LIMITED
This company · SC454422

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Landfern Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting02/08/2019
1 historic (ceased) PSC
  • Miss Lynn Mortimerceased 02/08/2019· significant influence · trust interest

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
Incorporated2013-07-12
Jurisdictionscotland
Primary SIC70100 — Activities of head offices

Registered office

19 Royal Exchange Square
Glasgow
G1 3AJ
Scotland

Filing status

Accounts
Next due: 2026-09-21
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-26
Last: 2025-07-12

Officers (2 active · 6 resigned)

MACCULLOCH, Gary Cameron→
director · ~46y · appointed 2024-03-29
View their other companies + combined net worth →
Active
MARTIN, Kevin Paul→
director · ~44y · appointed 2024-03-29
View their other companies + combined net worth →
Active
MORTIMER, Lynn→
secretary · appointed 2013-07-12 · resigned 2025-12-22
Resigned
CUMMINGS, Peter Joseph→
director · ~71y · appointed 2023-07-25 · resigned 2024-03-29
Resigned
HUNTER, Annette→
director · ~60y · appointed 2013-07-12 · resigned 2023-03-22
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2013-07-12 · resigned 2013-07-12
Resigned
MORTIMER, Lynn→
director · ~59y · appointed 2013-07-12 · resigned 2025-12-22
Resigned
MURPHY, James→
director · ~71y · appointed 2019-08-02 · resigned 2023-03-22
Resigned

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

Mortgages & charges

19
Total charges
8
Outstanding
2
Active lenders
Status:Lender:19 of 19 shown
TypeProperties
outstanding
City Facilities Management Holdings (UK)
City Facilities Management Holdings (UK) Limited
A registered charge3 properties25/11/2019—
outstanding
City Facilities Management Holdings (UK)
City Facilities Management Holdings (UK) Limited
A registered charge1 property25/11/2019—
outstanding
City Facilities Management Holdings (UK)
City Facilities Management Holdings (UK) Limited
A registered charge1 property25/11/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge3 properties20/11/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property20/11/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property20/11/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—02/08/2019—
outstanding
City Facilities Management Holdings (UK)
City Facilities Management Holdings (UK) Limited
A registered charge—02/08/2019—
satisfied
Assetz Capital Trust Company as Security Agent
Assetz Capital Trust Company Limited as Security Agent
A registered charge2 properties30/12/201614/08/2019
satisfied
Assetz Capital Trust Company as Security Agent for the Lending Syndicate Members
Assetz Capital Trust Company Limited as Security Agent for the Lending Syndicate Members
A registered charge1 property22/12/201614/08/2019
satisfied
Assetz Capital Trust Company
Assetz Capital Trust Company Limited
A registered charge—19/12/201614/08/2019
satisfied
Assetz Capital Trust Company
Assetz Capital Trust Company Limited
A registered charge—13/12/201614/08/2019
satisfied
Route Finance as Security Trustee
Route Finance Limited as Security Trustee
A registered charge2 properties11/04/201610/02/2018
satisfied
Assetz Capital Trust Company
Assetz Capital Trust Company Limited
A registered charge1 property22/03/201628/12/2016
satisfied
Assetz Capital Trust Company as Security Agent
Assetz Capital Trust Company Limited as Security Agent
A registered charge—18/03/201629/12/2016
satisfied
Assetz Capital Trust Company as Security Agent
Assetz Capital Trust Company Limited as Security Agent
A registered charge—16/03/201629/12/2016
satisfied
Ortus Secured Finance I
Ortus Secured Finance I Limited
A registered charge2 properties19/09/201406/04/2016
satisfied
Ortus Secured Finance I
Ortus Secured Finance I Limited
A registered charge1 property19/09/201414/04/2016
satisfied
Ortus Secured Finance I
Ortus Secured Finance I Limited
A registered charge—12/09/201406/04/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

change-account-reference-date-company-previous-shortened
accounts · AA01
2026-02-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-12
termination-director-company-with-name-termination-date
officers · TM01
2025-12-23
termination-secretary-company-with-name-termination-date
officers · TM02
2025-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-26
accounts-with-accounts-type-small
accounts · AA
2024-07-17
appoint-person-director-company-with-name-date
officers · AP01
2024-04-09
appoint-person-director-company-with-name-date
officers · AP01
2024-04-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-09
termination-director-company-with-name-termination-date
officers · TM01
2024-04-09
accounts-with-accounts-type-small
accounts · AA
2023-08-29
appoint-person-director-company-with-name-date
officers · AP01
2023-07-25