MERCHANT MARINE SHIPPING LIMITED
⚰️Wound downdissolved
02424725 · ltd · incorporated 1989-09-20
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 62/100. Strong seller-intent signal (78/100, director aged 75). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
7 live charges · 4 lenders · oldest 35.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 35.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: low (51/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 7 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
102 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
- 2013-10-15📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2013-10-15🏁Company dissolved
- 2013-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2013-07-02📄gazette-notice-voluntarygazette · GAZ1(A)
- 2013-06-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2012-12-22📄dissolution-voluntary-strike-off-suspendeddissolution · SOAS(A)
- 2012-11-20📄gazette-notice-voluntarygazette · GAZ1(A)
- 2012-11-09📄dissolution-application-strike-off-companydissolution · DS01
- 2012-11-07📄legacymortgage · MG02
- 2012-11-05🔓Charge satisfied #4
- 2012-10-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-06-14📄accounts-with-accounts-type-fullaccounts · AA
- 2011-10-13📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-10-11📄legacymortgage · MG01
- 2011-10-10🔒Charge registered #7Lender: Lloyds Tsb Bank PLC
- 2011-08-09📄accounts-with-accounts-type-fullaccounts · AA
- 2010-10-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-04-21📄accounts-with-accounts-type-fullaccounts · AA
- 2009-10-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-10-01➖MCVEIGH, Anthony John resigneddirector
- 2009-05-21📄accounts-with-accounts-type-fullaccounts · AA
- 2008-12-01📄legacyannual-return · 363a
- 2008-06-23📄accounts-with-made-up-dateaccounts · AA
- 2008-01-24📍legacyaddress · 287
- 2007-09-24📄legacyannual-return · 363a
- 2007-06-25📄accounts-with-made-up-dateaccounts · AA
- 2006-11-08📄legacyannual-return · 363a
- 2006-10-05📄accounts-with-accounts-type-fullaccounts · AA
- 2006-01-05📄legacymortgage · 395
- 2006-01-03🔒Charge registered #6Lender: Lloyds Tsb Bank PLC
- 2002-07-04🔒Charge registered #5Lender: Lloyds Tsb Bank PLC
- 1997-09-12➕MCVEIGH, Anthony John appointeddirector
- 1997-06-17➕JOBES, David Alan appointedsecretary
- 1997-06-17➖COPLAND, Colin George resignedsecretary
- 1997-06-17🔒Charge registered #4Lender: Lloyds Bank PLC
- 1997-06-17🔓Charge satisfied #3
- 1997-06-17🔓Charge satisfied #2
- 1997-06-17🔓Charge satisfied #1
- 1997-06-16➕JOBES, David Alan appointeddirector
- 1997-06-16➖COCKERTON, Timothy resigneddirector
- 1997-05-27➖BRANT, Michael John resigneddirector
- 1997-05-27➖MCVEIGH, Anthony John resigneddirector
- 1995-11-14➖RYAN, Charles John resigneddirector
- 1994-02-22➕COCKERTON, Timothy appointeddirector
- 1994-02-22➕RYAN, Charles John appointeddirector
- 1992-10-12🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1992-10-12🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1990-12-05🔒Charge registered #1Lender: Midland Bank PLC
- 1989-09-20🏢Company incorporatedAs MERCHANT MARINE SHIPPING LIMITED
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2013-10-15
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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
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|---|---|---|---|---|---|---|---|
| 5 INGRAM ROAD FINCHLEY MANAGEMENT COMPANY LIMITED→ 10612577 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| A HOPWOOD TM LTD→ 16091959 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A L SMYTHE TM LTD→ 16291079 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADAPTIVE DEVICE SOLUTIONS LTD→ 11993450 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADC GROUP OF COMPANIES LTD→ 16432351 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADVOCATE ARMS LTD→ 15046035 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVOCATE HOMES LIMITED→ 05936470 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| AFFINITY SOLUTIONS LTD→ 10647950 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AFO MUSIC NETWORK LIMITED→ 11292289 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| AFRICAN BEACON CENTRE→ 16848398 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AGILITYCORE LTD→ 17000442 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AGRI ASSET LLP→ OC458447 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Statusdissolved
Typeltd
Incorporated1989-09-20
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999
Registered office
C/O Global Shipping Services Ltd
Kiln Lane Trading Estate
Stallingborough Grimsby
North East Lincolnshire
DN41 8DY
Filing status
Accounts
Next due: —
Last made up to: 2012-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 6 resigned)
Active
JOBES, David Alan→
Activedirector · ~75y · appointed 1997-06-16
View their other companies + combined net worth →
Active
COPLAND, Colin George→
Resignedsecretary · resigned 1997-06-17
BRANT, Michael John→
Resigneddirector · ~84y · resigned 1997-05-27
COCKERTON, Timothy→
Resigneddirector · ~71y · appointed 1994-02-22 · resigned 1997-06-16
MCVEIGH, Anthony John→
Resigneddirector · ~73y · appointed 1997-09-12 · resigned 2009-10-01
MCVEIGH, Anthony John→
Resigneddirector · ~73y · resigned 1997-05-27
RYAN, Charles John→
Resigneddirector · ~66y · appointed 1994-02-22 · resigned 1995-11-14
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
3
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Deed of admission to an omnibus guarantee and set-off agreement | 1 property | 10/10/2011 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Omnibus guarantee & set-off agreement | 1 property | 03/01/2006 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | A deed of admission to an omnibus guarantee and set-off agreement dated 17TH june 1997 and | 1 property | 04/07/2002 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Debenture | 1 property | 17/06/1997 | 05/11/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Letter of charge | 1 property | 12/10/1992 | 17/06/1997 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 12/10/1992 | 17/06/1997 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 05/12/1990 | 17/06/1997 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (102 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2013-10-15
accounts-with-accounts-type-full
accounts · AA
2013-10-03
gazette-notice-voluntary
gazette · GAZ1(A)
2013-07-02
termination-director-company-with-name-termination-date
officers · TM01
2013-06-12
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2012-12-22
gazette-notice-voluntary
gazette · GAZ1(A)
2012-11-20
dissolution-application-strike-off-company
dissolution · DS01
2012-11-09
legacy
mortgage · MG02
2012-11-07
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-10-16
accounts-with-accounts-type-full
accounts · AA
2012-06-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-10-13
legacy
mortgage · MG01
2011-10-11
accounts-with-accounts-type-full
accounts · AA
2011-08-09
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-10-12
accounts-with-accounts-type-full
accounts · AA
2010-04-21