MORTECH ENGINEERING SERVICES LTD

💤Zombieactive
SC655537 · ltd · incorporated 2020-02-24
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
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Turnover
year to Mar 2025
Net worth
£112
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
ALSO REGISTERED FOR
  • 25990SIC 25990
  • 33110SIC 33110
  • 33120Repair of machinery
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: medium (70/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
20 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 £112

Key financials

1 year extracted from filed iXBRL accounts
Cash
£4k
Net Worth
£112
Current Assets
£5k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31
Total assets£791
Current assets£5.0k
Cash£4.3k
Debtors£718
Net assets£112

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-19
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2024-11-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-11-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-10-03
    📄
    capital-allotment-shares
    capital · SH01
  7. 2023-08-30
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2023-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-02-24
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  10. 2023-02-11
    MORGAN, Laura Margaret appointed
    secretary
  11. 2022-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-10-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2021-07-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2021-03-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-02-24
    🏢
    Company incorporated
    As MORTECH ENGINEERING SERVICES LTD
  16. 2020-02-24
    MORGAN, Paul Francis appointed
    director
  17. 2020-02-24
    📄
    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 6 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Paul Francis Morgan
Individual · Irish · DOB 03/1975 · age 51
5075%
50–75%board control50-75% shares · 50-75% voting · board control24/02/2020
Mrs Laura Margaret Morgan
Individual · British · DOB 06/1975 · age 51
2550%
25–50%25-50% shares · 25-50% voting01/07/2021

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
Incorporated2020-02-24
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Mary Bells Cottage
Armadale
Thurso
KW14 7SA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-16
Last: 2025-11-02

Officers (2 active · 0 resigned)

MORGAN, Laura Margaret
secretary · appointed 2023-02-11
View their other companies + combined net worth →
Active
MORGAN, Paul Francis
director · ~51y · appointed 2020-02-24
View their other companies + combined net worth →
Active

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

Recent filings (20 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-20
change-account-reference-date-company-previous-extended
accounts · AA01
2025-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-02
capital-allotment-shares
capital · SH01
2023-10-03
certificate-change-of-name-company
change-of-name · CERTNM
2023-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-04
appoint-person-secretary-company-with-name-date
officers · AP03
2023-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-24