MIRTHAN GROUP LTD

🌿Early-stageactive
SC700480 · ltd · incorporated 2021-06-02
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
Why now
Window steady · low confidence
Asset base steady — strong defensive profile, no urgency cue.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Jun 2025
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 55900Other accommodation
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 70/100. 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 (58/100).

Data confidence

Overall: medium (76/100)

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

Company profile
address, 3 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
2 officers (2 active, 2 linked, 2 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
9 filings
60
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
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30

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
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2026-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-03-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-06-02
    🏢
    Company incorporated
    As MIRTHAN GROUP LTD
  6. 2021-06-02
    CONNOR, Claire Louise appointed
    director
  7. 2021-06-02
    CONNOR, Michael Thomas appointed
    director
  8. 2021-06-02
    📄
    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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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

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 Michael Thomas Connor
Individual · Scottish · DOB 12/1979 · age 47
2550%
25–50%board control25-50% shares · 25-50% voting · board control02/06/2021
Mrs Claire Louise Connor
Individual · Scottish · DOB 08/1981 · age 45
2550%
25–50%board control25-50% shares · 25-50% voting · board control02/06/2021

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
Incorporated2021-06-02
Jurisdictionscotland
Primary SIC55209 — Other holiday and other collective accommodation

Registered office

1 Sea Breezes
Bruernish
Isle Of Barra
HS9 5UY
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-15
Last: 2025-06-01

Officers (2 active · 0 resigned)

CONNOR, Claire Louise
director · ~45y · appointed 2021-06-02
View their other companies + combined net worth →
Active
CONNOR, Michael Thomas
director · ~47y · appointed 2021-06-02
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-27
incorporation-company
incorporation · NEWINC
2021-06-02