M-ARDOE TRADECO LTD

🏛️Establishedactive
SC694094 · ltd · incorporated 2021-03-31
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
£-414.2k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (82/100)

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
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £414,196

Key financials

2 years extracted from filed iXBRL accounts
Cash
£447k
Net Worth
-£414k
Current Assets
£2.6m
Current Liabilities
—
-£414k£195k£803k£1.4m£2.0m£2.6mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£-414.2k—
Current assets£2.63M—
Cash£446.5k—
Debtors£2.13M—
Net assets£-414.2k—
Average employees—7000

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-11-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-09-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-06-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2022-06-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-06-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-06-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-06-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2022-06-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2021-11-12
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  12. 2021-03-31
    🏢
    Company incorporated
    As M-ARDOE TRADECO LTD
  13. 2021-03-31
    ➕
    CHOY, Wai Ceong appointed
    director
  14. 2021-03-31
    ➕
    CHOY, Wai Hin appointed
    director
  15. 2021-03-31
    ➕
    ELLISON, Richard James appointed
    director
  16. 2021-03-31
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.

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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Wai Hin Choy
Individual · Malaysian · DOB 06/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting31/03/2021
Mr Wai Ceong Choy
Individual · Malaysian · DOB 09/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting31/03/2021
Mr Richard James Ellison
Individual · British · DOB 06/1978 · age 48
——sig. influencesignificant influence31/03/2021
1 historic (ceased) PSC
  • Msb Global Ltdceased 30/09/2021· 75-100% shares · 75-100% voting

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 →

Similar companies

Active · Hospitality · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
SODEXO REMOTE SITES HOLDINGS LIMITED→
SC191991 · est 1998
£2.58M
£1.94M–£3.23M
——027y8358y
SODEXO REMOTE SITES SCOTLAND LIMITED→
SC059276 · est 1976
£2.17M
£1.63M–£2.71M
£26.24M—1860050y9058y
BRUDOLFF HOTELS LIMITED→
SC094745 · est 1985
£28.9k
£21.6k–£36.1k
——9140y9471y
BALMEDIE FISH & CHIP SHOP LIMITED→
SC239883 · est 2002
——£66.7k—23y8361y
H.C.C.P. LTD.→
SC298267 · est 2006
——£161.2k—20y8370y
JEMAL LIMITED→
SC331562 · est 2007
———50018y8362y
MOUNTLOCH LIMITED→
SC210749 · est 2000
——£306.2k—25y8372y
ABERDEEN COMPOSITE COMPANY (1248) LIMITED→
SC246599 · est 2003
——£7.6k—23y8274y
BLU INNS LIMITED→
SC210592 · est 2000
——£3.0k—25y8273y
BRIAN MURRAY CATERING SERVICES LIMITED→
SC190064 · est 1998
——£275.2k—27y8267y
BRIARTEN LIMITED→
SC290126 · est 2005 · no financials extracted
————20y8270y
BUCHAN BRAES HOTEL LIMITED→
SC329896 · est 2007
——£1.22M—18y8262y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2021-03-31
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

Ardoe House Hotel South Deeside Road
Blairs
Aberdeen
AB12 5YP
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-13
Last: 2026-03-30

Officers (3 active · 0 resigned)

CHOY, Wai Ceong→
director · ~62y · appointed 2021-03-31
View their other companies + combined net worth →
Active
CHOY, Wai Hin→
director · ~63y · appointed 2021-03-31
View their other companies + combined net worth →
Active
ELLISON, Richard James→
director · ~48y · appointed 2021-03-31
View their other companies + combined net worth →
Active

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

Recent filings (17 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-28
gazette-filings-brought-up-to-date
gazette · DISS40
2022-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-21
gazette-notice-compulsory
gazette · GAZ1
2022-06-14