MHG BOND 2 LTD
💤Zombieactive
12176255 · ltd · incorporated 2019-08-27
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 Dec 2024
Net worth
£-195.2k
book net assets
Opportunity
65/100
Strong
What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 65/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: strategic trade sale (65/100).
🏦
Refinance opportunity
1 live charge · oldest 3.9y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.9 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £195,213
High leverage
Liabilities are 100% of total assets
Net assets shrinking
Down £196,913 YoY
Leverage
100%
Liabilities / Total assets
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£195k
↓ 11583% YoY
Current Assets
£4.5m
↑ 549% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £4.53M | £777.4k |
| Current assets | £4.52M | £696.8k |
| Net assets | £-195.2k | £1.7k |
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
0
filings
Last 180 days
2
filings
- • 1 gazette
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2026-01-31📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-01-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-12-20📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-12-02📄gazette-notice-compulsorygazette · GAZ1
- 2025-01-06➕SEPPANEN, Elena Aurora appointeddirector
- 2025-01-06➖HAYCOX, Matthew David Norton resigneddirector
- 2025-01-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-16✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-05-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-05-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-01-02➕HAYCOX, Matthew David Norton appointeddirector
- 2024-01-02➖KLOUDA, Louisa Alexandra resigneddirector
- 2023-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-01➖PICKTHALL, Tony resigneddirector
- 2023-04-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-01➕KLOUDA, Louisa Alexandra appointeddirector
- 2022-10-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-18🔒Charge registered #1Lender: Legaleze Limited
- 2022-01-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-01-12📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-12-17➖RACKHAM, Emily resignedsecretary
- 2021-12-17➖RACKHAM, Emily resigneddirector
- 2020-12-01➖KING, Nicholas Robert resigneddirector
- 2020-11-01➕PICKTHALL, Tony appointeddirector
- 2020-06-01➕RACKHAM, Emily appointedsecretary
- 2019-08-27🏢Company incorporatedAs MHG BOND 2 LTD
- 2019-08-27➕KING, Nicholas Robert appointeddirector
- 2019-08-27➕RACKHAM, Emily appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome 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
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-05-15
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew David Norton Haycox Individual · British · DOB 12/1980 · age 46 | 75–100% | — | 75-100% shares | 02/01/2024 |
1 historic (ceased) PSC
- Huddle Capital Group Limitedceased 02/01/2024· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| CHRIS SOUTH EQUITY RELEASE SPECIALIST LTD→ 11450617 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| CORPORATE PENSIONS ADMINISTRATION LIMITED→ 06140564 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| CREATIVE FINANCIAL SERVICES LTD→ 15538710 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CRESCENT CORPORATE FINANCE LIMITED→ 09105576 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| CRISTOCAPITAL LTD→ 16558367 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CROMA INVESTMENTS LTD→ 15007492 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CROSSFADER INVESTMENTS LTD→ 12984841 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CRYSTAL COVER LEEDS LTD→ 09170042 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| CUMBERLAND INVESTMENTS LIMITED→ 10427412 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| CURRENCYWAVE LTD→ 06731733 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| CYAMITES LTD→ 16885929 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CYSTAR INSURANCE SERVICES LIMITED→ 05118839 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
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
Statusactive
Typeltd
Incorporated2019-08-27
Jurisdictionengland-wales
Primary SIC64999 — Financial intermediation not elsewhere classified
Registered office
11 Park Place
Leeds
West Yorkshire
LS1 2RX
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-15OVERDUE
Last: 2025-05-01
Officers (1 active · 6 resigned)
SEPPANEN, Elena Aurora→
Activedirector · ~32y · appointed 2025-01-06
View their other companies + combined net worth →
RACKHAM, Emily→
Resignedsecretary · appointed 2020-06-01 · resigned 2021-12-17
HAYCOX, Matthew David Norton→
Resigneddirector · ~46y · appointed 2024-01-02 · resigned 2025-01-06
KING, Nicholas Robert→
Resigneddirector · ~53y · appointed 2019-08-27 · resigned 2020-12-01
KLOUDA, Louisa Alexandra→
Resigneddirector · ~32y · appointed 2023-04-01 · resigned 2024-01-02
PICKTHALL, Tony→
Resigneddirector · ~40y · appointed 2020-11-01 · resigned 2023-08-01
RACKHAM, Emily→
Resigneddirector · ~39y · appointed 2019-08-27 · resigned 2021-12-17
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Legaleze Legaleze Limited | A registered charge | — | 18/08/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (36 total)
gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-29
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-12-20
gazette-notice-compulsory
gazette · GAZ1
2025-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-10
termination-director-company-with-name-termination-date
officers · TM01
2025-01-06
appoint-person-director-company-with-name-date
officers · AP01
2025-01-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
certificate-change-of-name-company
change-of-name · CERTNM
2024-05-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-01
appoint-person-director-company-with-name-date
officers · AP01
2024-05-01
termination-director-company-with-name-termination-date
officers · TM01
2024-05-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-01