METBRO LIMITED

🌳Matureactive
SC020235 · ltd · incorporated 1938-03-03
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
53/100
Worth a look
🔔
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What this business does
Primary activity: SIC 7499
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 20/100. Strong seller-intent signal (78/100, director aged 86). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (30/100). Current lenders should be on immediate intervention.

Data confidence

Overall: low (46/100)

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
Confirmed no charges registered
85
Directors & officers
9 officers (4 active, 9 linked, 5 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
90
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 (21 events)Click to expand
  1. 2019-11-27
    📄
    court-order
    miscellaneous · OC-DV
  2. 2019-03-12
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  3. 2019-03-12
    🏁
    Company dissolved
  4. 2018-03-14
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  5. 2018-01-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2016-09-15
    📄
    court-order
    miscellaneous · OC-DV
  7. 2002-03-28
    HIGGINS, David appointed
    secretary
  8. 2002-03-28
    HIGGINS, David appointed
    director
  9. 2002-03-28
    SHAW, David Stewart resigned
    director
  10. 2000-10-06
    STEELE, Thomas Richard Wilson resigned
    director
  11. 1995-01-01
    📄
    selection-of-documents-registered-before-January-1995
    historical · PRE95
  12. 1993-04-30
    DUNN, Glen Mclive Fowler resigned
    director
  13. 1993-03-03
    SHAW, David Stewart appointed
    secretary
  14. 1993-03-03
    LUMSDEN, Ian George resigned
    secretary
  15. 1993-01-22
    LUMSDEN, Ian George appointed
    secretary
  16. 1993-01-22
    SHAW, David Stewart resigned
    secretary
  17. 1993-01-21
    STEELE, Thomas Richard Wilson appointed
    director
  18. 1987-01-01
    📄
    selection-of-documents-registered-before-January-1987
    historical · PRE87
  19. 1986-09-09
    📍
    legacy
    address · 287
  20. 1977-02-08
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  21. 1938-03-03
    🏢
    Company incorporated
    As METBRO LIMITED

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 86 — succession pressure is live.

Succession & seller-readiness

91/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 86 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 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 88 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2004-01-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-10-14

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

11 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.

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Company details

Statusactive
Typeltd
Incorporated1938-03-03
Jurisdictionscotland
Primary SIC7499 — SIC 7499

Registered office

239 Myreside Street
Glasgow
G32 6DR

Filing status

Accounts
Next due: 2004-01-31OVERDUE
Last made up to: 2002-03-31
Confirmation statement
Next due: 2016-10-14OVERDUE
Last:

Officers (4 active · 5 resigned)

HIGGINS, David
secretary · appointed 2002-03-28
View their other companies + combined net worth →
Active
SHAW, David Stewart
secretary · appointed 1993-03-03
View their other companies + combined net worth →
Active
BROWN, Kenneth Edward Lindsay
director · ~86y
View their other companies + combined net worth →
Active
HIGGINS, David
director · ~63y · appointed 2002-03-28
View their other companies + combined net worth →
Active
LUMSDEN, Ian George
secretary · appointed 1993-01-22 · resigned 1993-03-03
Resigned
SHAW, David Stewart
secretary · resigned 1993-01-22
Resigned
DUNN, Glen Mclive Fowler
director · ~70y · resigned 1993-04-30
Resigned
SHAW, David Stewart
director · ~71y · resigned 2002-03-28
Resigned
STEELE, Thomas Richard Wilson
director · ~81y · appointed 1993-01-21 · resigned 2000-10-06
Resigned

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

Recent filings (9 total)

court-order
miscellaneous · OC-DV
2019-11-27
gazette-dissolved-compulsory
gazette · GAZ2
2019-03-12
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2018-03-14
gazette-notice-compulsory
gazette · GAZ1
2018-01-09
court-order
miscellaneous · OC-DV
2016-09-15
selection-of-documents-registered-before-January-1995
historical · PRE95
1995-01-01
selection-of-documents-registered-before-January-1987
historical · PRE87
1987-01-01
legacy
address · 287
1986-09-09
certificate-change-of-name-company
change-of-name · CERTNM
1977-02-08