MBIC LTD.
- · Oldest live charge 38.0y old — refinance window within 12 months
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (68/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 38.0y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 38.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total assets | £1.9k | £1.9k |
| Current assets | £1.9k | £1.9k |
| Net assets | £640 | £1.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 accounts
Corporate timeline (19 events)Click to expand
- 2026-04-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-05-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-04-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-04-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-07-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-05-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-05-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-05-12📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-04-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-08-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-05-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-08-28📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-04-30📄accounts-with-accounts-type-dormantaccounts · AA
- 1992-08-19🔓Charge satisfied #1
- 1992-05-15🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1988-05-09🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1983-06-29🏢Company incorporatedAs MBIC LTD.
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 43 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ronald Whitelaw Somerville Individual · British · DOB 10/1957 · age 69 | 25–50% | — | 25-50% shares | 01/07/2016 |
Mr David Kevin Maguire Individual · British · DOB 11/1958 · age 68 | 25–50% | 25–50% | sig. influence25-50% shares · 25-50% voting · significant influence | 01/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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| MELROSE PLATINUM LP→ SL030281 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
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| MJI FAMISOL LP→ SL023094 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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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 →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
Registered office
Filing status
Officers (3 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 15/05/1992 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 09/05/1988 | 19/08/1992 |