MR NEWS CONVENIENCE STORE LIMITED

💤Zombieactive
SC591190 · ltd · incorporated 2018-03-13
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
£124.0k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: SIC 47260
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £123,962

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£124k
↑ 57% YoY
Current Assets
£331k
↑ 22% YoY
Current Liabilities
—
£0£66k£133k£199k£265k£331kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£223.7k£220.0k
Current assets£331.5k£272.3k
Net assets£124.0k£78.7k

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

Recent activity

Last 30 days
2
filings
  • • 1 officers
  • • 1 persons-with-significant-control
Last 90 days
4
filings
  • • 1 officers
  • • 1 persons-with-significant-control
  • • 1 accounts
Last 180 days
4
filings
  • • 1 officers
  • • 1 persons-with-significant-control
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-04-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-08-14
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  6. 2024-08-14
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  7. 2023-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-10-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-06-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2019-06-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2018-03-13
    🏢
    Company incorporated
    As MR NEWS CONVENIENCE STORE LIMITED
  15. 2018-03-13
    ➕
    VEERAVAKU, Thileepan appointed
    director
  16. 2018-03-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Thileepan Veeravaku
Individual · British · DOB 08/1979 · age 47
75–100%
75–100%board control75-100% shares · 75-100% voting · board control13/03/2018

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.

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Company details

Statusactive
Typeltd
Incorporated2018-03-13
Jurisdictionscotland
Primary SIC47260 — SIC 47260

Registered office

108-112 Friars Vennel
Dumfries
DG1 2RE
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-26
Last: 2026-03-12

Officers (1 active · 0 resigned)

VEERAVAKU, Thileepan→
director · ~47y · appointed 2018-03-13
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

change-person-director-company-with-change-date
officers · CH01
2026-04-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-08-14
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-24